required probability

Related BrainMass Solutions

• Probability Computations for SImulation Tables

  2 0.2 3 0.5 4 0.2 The time required by a customer is given by the following probability distribution time required (min) probability 3 0.1 4 0.3

• Probability of negative return, purchase stock or not

  a) What is the probability of earning a negative return? b) What is the probability of earning less than the required rate of return?

• Probability

  Required Probability = [(0.6) x (0.6) x (0.6)] 6. The tournament lasted exactly three games.

• Statistics - Normal distribution

  Solution(1) Required probability = 0.3264 Solution(2) Required probability = 0.2643 Solution(3) Required probability = 0.0793 Solution(4) Required probability = 0.0228 For detailed step by step solutions, please download the attached solution

• Probability of Finding a New Job in California

  Here the favourable outcomes = 910, 963 (Unemployers) number of possible outcomes = 17,823,401 ( Labor force) Required probability = 910,963 / 17, 823,401 Required probability = 0.05 (Rounded to the nearest hundredths).

• Conditional Probability

  6986 Conditional Probability Decision In an experiment, subjects are required to generate a "yes" or "no" decision. The probability of 'Yes' being correct is 50%. The observed probability of yes decisions is 70%.

• Discrete probability distribution problems

  Develop a probability distribution for the duration of a service call. B. Draw a graph of the probability distribution. C. Show that your probability distribution satisfies the conditions required for a discrete probability function. D.

• Green Elements and Probability Distribution

  0.12 0.30 P(green) = 0.30 Number of green elements to make this a legitimate probability distribution = 0.30*50 = 15 This solution describes how many green elements are required for probability distribution.

• A survey of 400 customers was completed in an attempt to measure the number of cups of coffee ordered during business hours versus those ordered during non-business (pleasure) hours. They also recorded how many items were purchased during the transaction.

  Here, the number favorable outcomes = 70+140 => 210 The total number of possible outcomes = 400 Required probability = 210/400 =>0.525 4.

• How to Set Up a Guessing Problem

  Probability that the first brand is guessed correctly = 1/6 Probability that the second brand is guessed correctly = 1/6 Probability that the third brand is guessed correctly = 1/6 So required probability = 1/6*1/6*1/6 = 1/216.