(Answered) Shirley runs a real estate company she counts the total

Statistics

Shirley runs a real estate company. She counts the total number of flats that she sells everyday. Let X_t be the total number of flats she sells on day t (t=1,2,...,7), and let X be the total number of flats she sells for the week. Suppose X_t are independent and identically distributed Poisson distribution with expectation theta.

(Please see the attached file)

(a) Find the moment generating functions for X_1 and X

(b) Show X has a Poisson distribution with mean 7*theta

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91624297
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

41 of the doctors in america are dentists if a random

41% of the doctors in America are dentists. If a random sample of size 826 is selected, what is the probability that the proportion of doctors who are dentists will be less than 40%?

Ryan braun has just tested positive for gorilla growth

Ryan Braun has just tested positive for Gorilla Growth hormone. You are his lawyer. Given the following information, do you think you could get him off? Explain your reasoning. P(positive test | drug use) = 0.99 P(positi ...

Lets see how much you have been paying attention for your

Let's see how much you have been paying attention. For your first Pause-Problem in this chapter, please tell me three things that differentiate parametric from non-parametric tests (Hint: There are actually four, so see ...

Suppose that 20 of men p20 and 15 of women p 15 are

Suppose that 20% of men (P=.20) and 15% of women (P= .15) are carriers of a particular genetic trait. That trait can only be inherited by a child if both parents are carriers. What is the probability that a child is born ...

Assume that 15 questions are answered by guessing1 what is

Assume that 15 questions are answered by guessing. 1) What is the probability of exactly 14 correct answers?

A factory manager must decide whether to stock a particular

A factory manager must decide whether to stock a particular spare part. The part is absolutely essential to the operation of certain machines in the plant. Stocking the part costs $10 per day in storage and cost of capit ...

A researcher reports that the size of an effect in

A researcher reports that the size of an effect in Population A is d = 0.10 and the effect size in Population B is d = 0.34. Which population is associated with greater power to detect an effect? A) Population A B) Popul ...

What type of data values are quantitative and the number of

What type of data values are quantitative and the number of values is finite or countable?

Assume the probability of a male being lt 21 is 1867 the

Assume the probability of a male being 50 is 4.80%, and the probability of being female and > 50 is 8.00%. Based on this information and the information in the tables above, what is the probability that someone

Let x be a random variable with range rx -1 0 1 and let px

Let X be a random variable with range RX = {-1, 0, 1} and let P(X = 1) = P(X = -1) = p/2 for some p ∈ [0, 1]. a) Compute P(X = 0). b) Compute the expectation E[X] and variance Var(X) of X as a function of p, and determin ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert