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Suppose that X and Y are independent random variables, each coming from a geometric distribution with parameter p.
a. Find the mean of X + Y.
b. Find the distribution of X + Y.
Statistics and Probability, Statistics
A package contains 12 resistors, 2 of which are defective. If 4 are selected, find the probability of getting the following results. Round your answer to six decimal places. 0 defective resistors P(0 defective)=
A company is trying to beat the competition to market with a product. They have determined that if they get to market prior to November 1 they will have a revenue stream of $800,000. If they get to market between Novembe ...
A population has a mean mu equals84 and a standard deviation sigma equals6. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=36.
Suppose we can only sample from Uniform distribution (0,1) with k=3. Design an algorithm to simulate chi-square distribution with 2k freedom via general transformation method.
How Do you calculate true population proportion if your defective sample is too small? For example, if you have 50 and defect is 4. Please look below for more details.
Consider a hypothesis testing problem where the null and the alternative hypotheses are defined as H0 μ=5 Vs. H1 :μ≠5 H0:μ=5 Vs. H1:μ≠5 A 95% confidence interval for μ was calculated as (2, 7). A) What would be your conc ...
Let X be a normally distributed random variable with μ = 100 and σ = 10. Find the probability that X is between 80 and 105. (Round your answer to the nearest whole number percent and include the percent symbol.)
A stock price is currently $112. Stock price move up by 10% or down by 14%. The risk-free interest rate is APR 2% with continuous compounding. What is the value of a six-month European put option with a strike price of $ ...
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate risk?
A mental health treatment center wanted to compare group therapy vs. individual therapy. They are interested in the relationship between treatment type (group, individual) and treatment completion (yes/no). What type of ...
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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 coupon bonds. Under what conditions will a coupon bond sell at a p
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 $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 for 19 years, given a discount rate of 6 percent per annum. As