Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

You are throwing a party and ll a bowl with 63 ounces of punch. Suppose the expected size of each cup of punch is 2 ounces and the standard deviation of the size of a cup is 1/2 ounce and each cup is poured independently.

(a) Suppose each cup's size is independently drawn from the distribu- tion. What is the approximate probability that 36 cups will have been poured before the bowl is empty? (Hint: you can look up the standard normal cdf, (c), for any value c in Stata by typing display normal([enter c here])").

(b) Suppose that all the cups' sizes are identical, but that their precise size is unknown - only that it is drawn from the given distribution. What is the approximate probability that 36 cups will have been poured before the bowl is empty?

It part b, normal distribution is asummed at a given moment.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91017003

Have any Question?


Related Questions in Statistics and Probability

The number of people arriving for treatment at an emergency

The number of people arriving for treatment at an emergency room can be modeled by a Poisson process with a mean of 7 people per hour. How many people do you expect to arrive during a 55-minute period?

A perpetuity pays 4300 at the end of every month for 11

A perpetuity pays $4300 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 9%, what is the present value of this p ...

Peter and maryam take turns throwing one dart at the

Peter and Maryam take turns throwing one dart at the dartboard. Peter hits the bullseye with probability 1/5 and Maryam hits the bullseye with probability 1/3. Each throw is independent of the last. Whoever hits the bull ...

In a certain city a school administrator hypothesized that

In a certain city, a school administrator hypothesized that students enroll in school within 5 km from their homes. To check this claim you asked 30 student from the said city and you found that the mean distance between ...

A researcher wants to determine if there is an association

A researcher wants to determine if there is an association between religious affiliation (e.g., Christian, Muslim, Jewish. Buddhist, Unaffiliated, etc.) and ethnicity (African American, Asian, American Indian, Whte, Othe ...

1 define and discuss how to develop the free cash flow

1. Define and discuss how to develop the Free Cash Flow forecast? 2. Define and discuss how to develop the Terminal Value? 3. Define and discuss how to develop the Discount Rate?

State whether each of the following will increase decrease

State whether each of the following will increase, decrease, or have no effect on the population variance. (a) the sum of squares ( SS ) increases This change will increase the population variance. This change will decre ...

The revenue function rx and the cost function c9x for a

The revenue function R(x) and the cost function C9X) for a particular product are given. These functions are valid for the specified range of values. Find the number of units that must be produced to break even. R(x) =20 ...

Your client wants to buy a business that provides financial

Your client wants to buy a business that provides financial advice to local small businesses. The firm generated $650,000 in cash flows during the previous year, and the discount rate to value firms in this sector is 11% ...

Plastic sheets made by a machine are periodically monitored

Plastic sheets made by a machine are periodically monitored for fluctuations in thickness. If the true standard deviation in thickness exceeds 2.0 millimeters, there is cause for concern about product quality. Past exper ...

  • 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