Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Topics: Probability and Probability Distributions

Exercise 1 - Concepts and definitions.

(a) What is a normal distribution?

(b) What is its usefulness?

(c) What is the standard normal distribution?

(d) What is it usefulness?

Exercise 2 - The lifetime of light bulbs is known to be normally distribution with μ = 100 h and σ = 8h. What is the probability that a bulb picked at random will have a lifetime between 110 and 120 burning hours?

Example 1- Let's keep μ = 10 and generate two curves, one with σ = 2, and another with σ = 1, the normal functions have the following shapes:

1354_Figure.png

The area under the curve for each normal distribution, f(x) and g(x) in the figure here above, is of course equal to 1.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92019098

Have any Question?


Related Questions in Statistics and Probability

Folgers has specified that the average amount of coffee

Folgers has specified that the average amount of coffee that goes into one of their small coffee cans is not to exceed 13.24 ounces. A quality control inspector for Folgers takes a random sample of 16 cans and found the ...

The probability of a potential employee passing a training

The probability of a potential employee passing a training course is 86%. If you selected 15 potential employees and gave them the training course, what is the probability that more than 12 will pass the test?

A random sample ofnbsp19nbspcollegenbspmens basketball

A random sample of 19 college? men's basketball games during the last season had an average attendance of 5,046 with a sample standard deviation of 1,753. a.  Construct a 99?% confidence interval to estimate the average ...

Suppose that 1 of the employees of a certain company use

Suppose that 1% of the employees of a certain company use illegal drugs. This company performs random drug tests that return positive results 99% of the time if the person is a drug use. However, it also has a 2% false p ...

A doctor wants to predict the birth weight of a newborn

A doctor wants to predict the birth weight of a newborn baby (measured in grams) based on the gestational age (measured in weeks) at the time of birth. The doctor uses 11 data points, with births ranging from 29 weeks to ...

Jen amp barrys fast fresh salad bags starts with 280000

"Jen & Barry's Fast Fresh Salad Bags" starts with $280,000 invested. Jen and Barry pay 20% down and finance the balance with a 20-year small business loan at 4.5% compounded monthly. What is the amount of their monthly l ...

During a 52 week period a company paid overtime wages for

During a 52 week period a company paid overtime wages for 16 weeks and hired temporary help for 7 weeks. During 6 weeks the company paid overtime and hired temporary help (a) Are the events? "selecting a week that contai ...

Ganad and equity risk premiumsnbspmarianbspgonzalez ganados

Ganad and Equity Risk Premiums.  Maria? Gonzalez, Ganado's Chief Financial? Officer, estimates the? risk-free rate to be 3.70 %, the? company's credit risk premium is 4.00%, the domestic beta is estimated at 0.93?, the i ...

According to the polk company a survey of households using

According to the Polk Company, a survey of households using the Internet in buying or leasing cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered ...

Need help with calculating these problems a research group

Need help with calculating these problems: A research group conducted an extensive survey of 2957 wage and salaried workers on issues ranging from relationships with their bosses to household chores. The data were gather ...

  • 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