Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

problem 1: Suppose you flip 6 coins, what is the probability 2 of them are heads? Simulate 10000 batches and refresh several times to get an eyeball average.

problem 2: Suppose you flip 8 coins, what is the probability 4 of them are heads? Simulate 10000 batches and refresh several times to get an eyeball average.                                                      

problem 3: A particular share has a distribution with an average return of 0.007 per month, with standard deviation of 0.08 per month. What percentage of the time will this portfolio at least break even? For simplicity add the 12 monthly returns to each other to get the annual return." Use 1000 different years for your simulation and take an eyeball average of the number greater than zero.                                                       

problem 4: You are the manager of an amusement park with a popular roller coaster. Guests arrive randomly to the ride and an average rate of 2300 people per hour with a standard deviation of 400 people per hour. The ride has a constant throughput of 2300 people per hour. The park is open from 10 a.m. to 10 p.m. If you were to check how many people were in line at the end of every hour, what would the average number of people be? Use 100,000 rows for your simulation.

problem 5: You are the owner/operator of a newspaper stand. The papers cost $0.10 to print and sell for $0.55. Typical demand averages 210 papers with a standard deviation of 20. If you order 230 papers, how much profit can you expect per day, on average? Use 100,000 rows for your simulation.

problem 6: Consider an investor who plans on putting $1000 in a Dow Jones industrial average index fund. The Dow Jones has historically returned 0.005265074 per month with a standard deviation of 0.053730335 per month. What is the probability the balance at withdrawal 12 months later is less that $1050? To find out this, use the following formula: New Value = Old Value * (1 + return) Simulate 1000 different years of Dow Jones data and then check each individual year to see whether the investor has more than that amount at the end using an = if() statement.                                                       

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9534

Have any Question? 


Related Questions in Statistics and Probability

Peter has two envelopes he puts 10k euros in one and 10k1

Peter has two envelopes. He puts 10k euros in one and 10 k+1 euros in the other, where k is the outcome of the toss of a fair die. Peter gives one of the envelopes to Mark and one to Luke (neither Mark nor Luke knows the ...

Prove that if player i believes at the state of the world

Prove that if player i believes at the state of the world ω that the state of the world is consistent, then he believes that every player believes that the state of the world is consistent. Deduce that in this case playe ...

Microcomputer components a staff analyst for a manufacturer

Microcomputer components. A staff analyst for a manufacturer of microcomputer components has compiled monthly data for the past 16 months on the value of industry production of processing units that use these components ...

John is an avid fisherman and wants to know if there is a

John is an avid fisherman and wants to know if there is a correlation between the amount of time he spends fishing and the amount of fish he catches. He decided to keep track of the time he spent at the lake and the amou ...

Given the following waiting time distribution in a hotel

Given the following waiting time distribution in a hotel, compute the  expected value  of the waiting time in 2 dec pl.    Waiting time (minutes) Probability 4.0            20% 4.5 28% 5.0 32% 5.5 10% 6.0 10%

According to a study conducted by dell computers 65 of men

According to a study conducted by Dell Computers, 65% of men and 70% of women say that weight is a very important factor in purchasing a laptop computer. Suppose this survey was conducted using 374 men and 481 women. Do ...

Question 1 -happy harrys hamburgers recently commissioned a

Question 1 - Happy Harry's Hamburgers recently commissioned a top tier consulting company to develop a new location selection process. However, after receiving the first invoice from the consulting company, Happy Harry w ...

1 true or false every experiment has as many conditions as

1. True or false: Every experiment has as many conditions as there are levels of the independent variable. 2. Give your own example of an environmental, instructional, and invasive experimental manipulation.

Please show the work to make it understandablea large

Please show the work to make it understandable A large company is interested in knowing whether there is any relationship between a person's age and that person's opinion about a new wage incentive plan. A random sample ...

An alternative to the experiment in q3 to investigate

An alternative to the experiment in Q.3 to investigate whether loud music tends to increase the time it takes mice to complete a maze would involve randomly assigning say, 50 mice to two groups. The 25 mice in Group A (c ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen