Deliverable Length: Graph plus document of explanantions and posting Details: At this point, you believe customers are now ready to begin risk analysis and understand the risk differences among various investments. The most basic fact you want to convey to them is risk and return?the greater the risk, the greater the expected
1. A bag contains 10 red, 12 green, and 8 yellow marbles. Assuming that all marbles are equally likely to be picked from the bag, what is the probability that the second marble is yellow, given that the first marble was yellow? 2. Given the following information, calculate the Predictive value positive and the Predic
In the game of Russian roulette, one inserts a single bullet into the chamber of the drum of a revolver, leaving the other five chambers of the drum empty. One then spins the drum and pulls the trigger. a) What is the probability of being still alive after playing the game N times? b) What is the probability of surviving
A person starts out from a tree in the middle of a street, taking steps of equal length either to the left or to the right with equal probability. What is the probability that the person will again be at the same tree after taking N steps? a) If N is even? b) If N is odd?
From historical data, Harry's car wash estimates that dirty cars arrive at the rate of 10 per hour all day Saturday. With a crew working the wash line, Harry figures that cars can be cleaned at the rate of one every five minutes. One car at a time is cleaned in this example of single-server waiting line. Assuming Poisson arrival
Powerball is a lottery game in which 5 white balls are chosen from a drum containing 55 balls and one red ball is chosen from a drum containing 42 balls. to win the jackpot, a player must match all 5 white balls and the red ball. other winners and their prizes are also shown in the attached table. -Why is the probability fo
Please show the steps so I understand the process. -------------------------------------------------------- A mail order company tracks the number of returns it receives each day. Information for the last 50 days shows Number of returns Number of days 0 - 99 6 100 - 199 20 200 - 299 15 300 or more 9 a
Mountain States Electric Service is an electrical utility company serving several states in the Rocky Mountain Region. It is conisdering replacing some of its equipment at a generating substation and is attempting to decide whether it should replace an older, existing PCB transformer. PCB is a toxic chemical known formally
In a waiting line model situation, arrivals occur around the clock at a rate of six per day, and the service occurs at one very three hours. Assume the Poisson and exponential distributions. a. What is Mean Arrival Rate? b. What is Mean Service Rate? c. Find probability of no units in the system. d. Find average number of
The Telektronic Company purchases large shipments of fluorescent bulbs and uses this acceptance sampling plan: Randomly select and test 24 bulbs, then accept the whole batch if there is only one or none that doesn't work. If a particular shipment of thousands of bulbs actually has a 4% rate of detects, what is the probability th
1. Finding μ, σ, and Unusual Values. Assume that a procedure yields a binomial distribution with N trials and the probability of success for one trial is P. Use the given values of N and P to find the mean N and standard deviation σ, Also, use the range rule of thumb to find the minimum usual value μ - 2σ and the maximum
A new drug cures 80% of the patients to whom it is administered. It is given to 25 patients. Find the probabilities that among these patients, the following results occur. a. Exactly 20 are cured. b. All are cured. c. No one is cured. d. Twelve or fewer are cured.
Hello. Can anybody help e with these 6 example questions that were created. I want to use them as a study guide. 1. An unprepared student makes random guesses for the 10 true-false questions on a pop quiz. Find the probability that there is at least once correct answer. 2. A box contains four red, three blue, and six g
Hello. Can anybody help me with these 6 example questions that were created. I want to use them as a study guide. 1. 45 Human Resource major students and 25 Culinary Arts major students had arrived. What is the empirical probability that the next student to come will be a Human Resource Major? 2. A box contains four red
The time between arrivals of customers to a gas station pump is given by the following probability distribution time between arivals (min) probability 1 0.1 2 0.2 3 0.5 4 0.2 The time required by a customer is given by the following probability distri
Can anybody help me with this two examples problems. Some of them are giving me a lot of numbers which it should give me a few numbers comparing them to the other results I was manage to do. ------------------------------------------------------------------------------------- 2. Social Security Numbers Each social security n
1. Letter and Digit. A new computer owner creates a password consisting of two characters. She randomly selects a letter of the alphabet for the first character and a digit (0,1,2,3,4,5,6,7,8,9) for the second character. What is the probability that her password is "k9"? Would this password be effective as a deterrent against so
I need help towards doing this example. Men Women Boys Girls Survive 332 318 29 27 Died 1360 104 35 18 If one of the Titanic passengers is randomly selected, find the probability of getting a woman or someone who did not survived the sinking.
Determine the distribution of Y = X_1 + X_2 + . . . + X_n by first determining the joint distribution of Z_1 = X_1 Z_2 = X_1 + X_2 Z_3 = X_1 + X_2 + X_3 . . . Z_n = X_1 + X_2 + X_3 + . . . + X_n and then computing the marginal distribution of Z_n According to my text book: Exp(a), a>0 has density
Please see the attached pdf file
In a large university, 30% of the incoming first-year students elect to enroll in a personal finance course offered by the university. Find the probability that of 800 randomly selected incoming first-year students, at least 260 have elected to enroll in the course. Thanks.
The probability of winning on a slot machine that is 5%. If the person plays the machine 500 times. Find the probability of winning 30 times use the normal approximation for the binomial distribution. thanks
A prison has 20 balls, 10 black and 10 white. The prisoner is to arrange the balls in 2 boxes. All of the balls must be used and there must be at least one ball in each box. An executioner will select one box at random and then one ball at random from the chosen box. The prisoner is set free if the ball is white and executed if
Question: A common test for AIDS is called to ELISA (enzyme-linked immunosorbent assay) test. Among 1 million people who are given the ELISA test, we can expect results similar to those given in the attached table. Please view the attachment for the rest of the question.
Please help with the following probability problem. You are a member of a class of 18 students. A bowl contains 18 chips: 1 blue and 17 red. Each student is to take 1 chip from the bowl without replacement. The student who draws the blue chip is guaranteed an A for the course. (a) If you have a choice of drawing first, fi
An urn contains four coloured balls: two orange and two blue. Two balls are selected at random without replacement, and you are told that at least one of them is orange. What is the probability that the other ball is orange?
Some questions on Bayes Theorem. Let A1 and A2 be the events that a person is lef-eye dominant or right-eye dominant......This should give you a good idea about the question. You may also look at the question in the attached file.
The world series in baseball continues until either the American League team or the National League team wins four games. How many different orders are possible (e.g; ANNAAA means the American League team wins in six games) if the series goes (a) Four games? (b) Five games? (c) Six games? (d) Seven games?
The average amount customers at a certain grocery store spend yearly is $636.55. Assume the variable is normally distributed. If the standard deviation is $89.46, find the probability that a randomly selected customer spends between $550.67 and $836.94.
A factory has two machines that make widgets. The main machine, named Pacific makes 75% of all the widgest daily. It is known that 1% of the widgets made by Pacific are defective. However, 2% of the widgets made by the second machine named Atlantic, are defective a. what is the probability taht a widget produced by the factor