Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

STAT 225 Quiz

Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.70. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only soda and 0.2 probability she will buy nothing else. If she does not buy candy, she will buy popcorn and soda with probability 0.80 and 0.1 probability she buys only soda and 0.1 probability she buys nothing else. Let X represent the number of items (candy, popcorn, soda) that she
purchases.

1. Find the PMF of X.
2. Calculate E(X).
3. Calculate Var(X). 
P(A) = 1  P(Ac)
P(A j B) =
P(A \ B)
P(B)
P(A) = P(A \ B) + P(A \ Bc)
P(A j B) =
P(A) P(BjA)
P(A \ B) + P(A \ Bc)
P(A \ B) = P(A) P(BjA)
E(X) =
P
x p(x)
Var(X) = E(X2)  E(X)2
STAT 225 Quiz 3
September 20, 2013
NAME:
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. Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.80. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only soda and 0.2 probability she will buy nothing else. If she does not buy candy, she will buy popcorn and soda with probability 0.80 and 0.1 probability she buys only soda and 0.1 probability she buys nothing else. Let X represent the number of items (candy, popcorn, soda) that she purchases.
1. Find the PMF of X.
2. Calculate E(X).
3. Calculate Var(X).
P(A) = 1 P(Ac)
P(A j B) =
P(A \ B)
P(B)
P(A) = P(A \ B) + P(A \ Bc)
P(A j B) =
P(A) P(BjA)
P(A \ B) + P(A \ Bc)
P(A \ B) = P(A) P(BjA)
E(X) =
P
x p(x)
Var(X) = E(X2)  E(X)2
STAT 225 Quiz 3
September 20, 2013
NAME:
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. Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.75. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only soda and 0.2 probability she will buy nothing else. If she does not buy candy, she will buy popcorn and soda with probability 0.80 and 0.1 probability she buys only soda and 0.1 probability she buys nothing else. Let X represent the number of items (candy, popcorn, soda) that she purchases.
1. Find the PMF of X.
2. Calculate E(X).
3. Calculate Var(X).
P(A) = 1  P(Ac)
P(A j B) =
P(A \ B)
P(B)
P(A) = P(A \ B) + P(A \ Bc)
P(A j B) =
P(A) P(BjA)
P(A \ B) + P(A \ Bc)
P(A \ B) = P(A) P(BjA)
E(X) =
P
x p(x)
Var(X) = E(X2)  E(X)2
STAT 225 Quiz 3

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.
Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.85. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only soda and 0.2 probability she will buy nothing else. If she does not buy candy, she will buy popcorn and soda with probability 0.80 and 0.1 probability she buys only soda and 0.1 probability she buys nothing else. Let X represent the number of items (candy, popcorn, soda) that she purchases.

1. Find the PMF of X. (6 points)
2. Calculate E(X). (4 points)
3. Calculate Var(X). (5 points)
P(A) = 1  P(Ac)
P(A j B) =
P(A \ B)
P(B)
P(A) = P(A \ B) + P(A \ Bc)
P(A j B) =
P(A) P(BjA)
P(A \ B) + P(A \ Bc)
P(A \ B) = P(A) P(BjA)
E(X) =
P
x p(x)
Var(X) = E(X2) E(X)2

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91596535
  • Price:- $60

Priced at Now at $60, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question in this case management is presented with several

Question: In this case, management is presented with several decision options. For this assignment, you are required to provide a two to three single-spaced written memo evaluating options and providing recommendations. ...

Question - the company uses pre-numbered purchase orders

Question - The company uses pre-numbered purchase orders. Only the Purchase Manager is able to use and authorize the purchase orders. Once the purchase order has been sent to a supplier, a copy is given to the accounting ...

Question - one december a 101-year-old woman died and left

Question - One December, a 101-year-old woman died and left $25 million to a university. This fortune was accumulated through shrewd and patient investment of a $4000 nest egg over the course of 55 years. In turning $400 ...

Question - on december 31 year 1 day co leased a new

Question - On December 31, year 1, Day Co. leased a new machine from Parr with the following pertinent information: Lease term 8 years Annual rental payable at beginning of each year $60,000 Useful life of machine 10 yea ...

Question - flounder company recently signed a lease for a

Question - Flounder Company recently signed a lease for a new office building, for a lease period of 12 years. Under the lease agreement, a security deposit of $12,890 is made, with the deposit to be returned at the expi ...

Question - the community college instructor has asked for

Question - The community college instructor has asked for your help again. He or she wants you to personally create a document he or she could give to students. Write an 875 to 1,050-word paper in which you: Analyze the ...

Question - grouper inc issues 2085900 of 9 bonds due in 12

Question - Grouper Inc. issues $2,085,900 of 9% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 10%. What amount will Grouper receive when it issu ...

Assessment -question 1 - the lotteries commission conducts

Assessment - Question 1 - The Lotteries Commission conducts an instant lottery called 'Set for Life' under which a winner who scratches three 'set for life' panels wins $50,000 each year for 20 years. The first $50,000 i ...

Question - on march 1 2017 boyd company acquired real

Question - On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash. An old warehouse on the property was demolished at a cost of $8,200; th ...

Question - june 30 you record the adjusting entry for the

Question - June 30 You record the adjusting entry for the depreciation on equipment for the month, which is estimated to be $5,640 per year. What is the book value of the equipment after the adjusting entry in the proble ...

  • 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