Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The following are some applications of the Markov inequality of Exercise 29:

(a) The scores that high school juniors get on the verbal part of the PSAT/NMSQT test may be looked upon as values of a random variable with the mean μ = 41. Find an upper bound to the probability that one of the students will get a score of 65 or more.

(b) The weight of certain animals may be looked upon as a random variable with a mean of 212 grams. If none of the animals weighs less than 165 grams, find an upper bound to the probability that such an animal will weigh at least 250 grams

Exercise 29

Show that if X is a random variable with the mean μ for which f(x) = 0 for x

This inequality is called Markov's inequality, and we have given it here mainly because it leads to a relatively simple alternative proof of Chebyshev's theorem.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91885967

Have any Question?


Related Questions in Statistics and Probability

You are offered the right to receive 3000 per year forever

You are offered the right to receive 3,000 per year? forever, starting in one year. If your discount rate is 3?%, what is this offer worth to? you? (round to the nearest dollar)

What is the maximum dollar amount that you would be willing

What is the maximum dollar amount that you would be willing to pay for an investment that pays $10,000 every second year forever if the 1st payment occurs four years from today (the 2nd payment will occur in six years et ...

Suppose you just purchased a digital music player and have

Suppose you just purchased a digital music player and have put 9 tracks on it. After listening to them you decide that you like of the songs. With the random feature on your? player, each of the 9 songs is played once in ...

The correlation between the weight of a bodybuilder and the

The correlation between the weight of a bodybuilder and the weight they can lift is 0.70. True or False: The more this bodybuilder weighs, the more amount of weight they can lift

Describe the general concept of economic analysis is this

Describe the general concept of economic analysis. Is this type of analysis necessary, and can it really help the individual investor make a decision about stock? Explain

Help me study by answering this question a stock is just

Help me study by answering this question. A stock is just paid a dividend of $0.91 and is growing at a constant rate of 10 percent per year. If the required rate of return is 15 percent, what is the stock's expected pric ...

How to calculate the sample space problem consider the

How to calculate the sample space? Problem: Consider the experiment of drawing two cards from a deck in which all picture cards have been removed and adding their values (with ace = 1)

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

Thinking specifically about disney theme parks how does

Thinking specifically about Disney theme parks, how does Disney connect with the target market? What are some of the challenges associated with Disney theme parks? Use examples.

A particular brand of tires claims that its deluxe tire

A particular brand of tires claims that its deluxe tire averages at least 50,000 miles before it needs to be replaced. From past studies of this tire, the standard deviation is known to be 8,000. A survey of owners of th ...

  • 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