Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

STAT 225 Quiz 6

1. What is the standard deviation of his waiting time?
2. What is the probability that the rst order takes longer than 12 minutes?
3. Given that the rst order has not arrived in the rst 7 minutes, what is the probability that it takes
longer than 12 minutes?
R 1
1 fX(x)dx = 1
E[X] =
R 1
1 xfX(x)dx
V ar(X) = E[X2]  E[X]2
U Uniform(a; b)
FU(u) = ua
ba for a U b
E[U] = a+b
2
V ar(U) = (ba)2
12
X Exponential()
FX(x) = 1  ex
E[X] = 1

V ar(X) = 1
2

Directions: You have 10 minutes to complete the quiz. You are allowed a calculator as speci ed in the syllabus. If necessary, round decimal answers to 4 signi cant digits. Show all work to receive full credit.

Instructors will not interpret questions for you.
The waiting time until a short-order cook gets his next order takes, on average, 6 minutes.
1. What is the standard deviation of his waiting time? (4 points)
2. What is the probability that the rst order takes longer than 10 minutes? (5 points)
3. Given that the rst order has not arrived in the rst 5 minutes, what is the probability that it takes longer than 10 minutes? (6 points)
R 1
1 fX(x)dx = 1
E[X] =
R 1
1 xfX(x)dx
V ar(X) = E[X2] E[X]2
U Uniform(a; b)
FU(u) = ua
ba for a U b
E[U] = a+b
2
V ar(U) = (ba)2
12
X Exponential()
FX(x) = 1  ex
E[X] = 1

V ar(X) = 1

2

Directions: You have 10 minutes to complete the quiz. You are allowed a calculator as speci ed in the syllabus. If necessary, round decimal answers to 4 signi cant digits. Show all work to receive full credit. Instructors will not interpret questions for you.

A neighborhood cat likes to wander around and make visits in the evening. He walks past Jane's window sometime equally likely over the interval between 7:30 p.m. and 7:55 p.m. and waits for Jane to wave at him. Jane checks for the cat at 8:00 every night. Assume the cat's behavior is independent of his previous actions.

1. Given that the cat has not arrived by 7:40 p.m., what is the probability he arrives before 7:50 p.m.?

2. What is the probability that the cat arrives before 7:35 p.m. the rst night and after 7:50 p.m. the
next?
3. What is the mean and variance of the cat's waiting time? (5 points)
R 1
1 fX(x)dx = 1
E[X] =
R 1
1 xfX(x)dx
V ar(X) = E[X2] E[X]2
U Uniform(a; b)
FU(u) = ua
ba for a U b
E[U] = a+b
2
V ar(U) = (ba)2
12
X Exponential()
FX(x) = 1  ex
E[X] = 1

V ar(X) = 1
2

Directions: You have 10 minutes to complete the quiz. You are allowed a calculator as speci ed in the syllabus. If necessary, round decimal answers to 4 signi cant digits. Show all work to receive full credit.

Instructors will not interpret questions for you. A neighborhood cat likes to wander around and make visits in the evening. He walks past Sarah's window sometime equally likely over the interval between 7:25 p.m. and 7:55 p.m. and waits for Sarah to wave at him.
Sarah checks for the cat at 8:00 every night. Assume the cat's behavior is independent of his previous actions.

1. Given that the cat has not arrived by 7:45 p.m., what is the probability he arrives before 7:50 p.m.?

2. What is the probability that the cat arrives before 7:35 p.m. the rst night and after 7:45 p.m. the
next?
3. What is the mean and variance of the cat's waiting time? (5 points)
R 1
1 fX(x)dx = 1
E[X] =
R 1
1 xfX(x)dx
V ar(X) = E[X2]  E[X]2
U Uniform(a; b)
FU(u) = ua
ba for a U b
E[U] = a+b
2
V ar(U) = (ba)2
12
X Exponential()
FX(x) = 1  ex
E[X] = 1

V ar(X) = 1
2

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91596482
  • Price:- $60

Priced at Now at $60, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Assignment on principles of income tax -question 1 -kristie

ASSIGNMENT ON PRINCIPLES OF INCOME TAX - QUESTION 1 - Kristie is 42 and decided to buy an investment property with the view to selling the land in the future to fund her retirement. She considered between buying an inner ...

Question - on december 31 2016 green company finished

Question - On December 31, 2016, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $770,000, a due date of December 31, 2019, and a stated rate of 5%, with inter ...

Qestion - a racing bike is listed for 129344 less 18 9

Question - A racing bike is listed for $1293.44 less 18 %, 9 %, and 3%. a. What is the net price? b. What is the total amount of discount that was allowed? c. What is the exact single rate of discount that was allowed?

Question - on december 31 2017 sage company signed a

Question - On December 31, 2017, Sage Company signed a $1,023,100 note to Pronghorn Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note matures in ...

Question - restricted stockon december 31 2014 ying

Question - Restricted Stock On December 31, 2014, Ying Corporation granted 5,000 shares of its $1 par value common stock to certain of its key employees. The shares are restricted until 2 years of employment is completed ...

Question - gemmex inc is a consulting company that

Question - Gemmex Inc. is a consulting company that specializes in systems design and implementation. The following transactions are recorded by Gemmex during July, its first month of operations. July 1: Issued common sh ...

Question - mark and patricia report adjusted gross income

Question - Mark and Patricia report adjusted gross income of $410,000 and itemized deductions of $31,000 for the interest on their home acquisition mortgage (principal amount of $890,000 acquired in 2015), $14,000 in sta ...

Question - at the beginning of the school year priscilla

Question - At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay ...

Question you manage a plant that mass-produces engines by

Question: You manage a plant that mass-produces engines by teams of workers using assembly machines. The technology is summarized by the production function q = 5KL where q is the number of engines per week, K is the num ...

Question what were the causes of the global financial

Question: What were the causes of the global financial crisis? Has the global financial crisis strengthened the global banking system? 5-6 pages. The response must be typed, single spaced, must be in times new roman font ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As