Find the Expected Values of Probability Distributions

Related BrainMass Solutions

• Normal Distribution and Values

  2) as it applies to the context of this problem. (c) Determine the value of P(x ? 2). (d) Find the probability that x is at least 3. (e) Find the mean (expected value) and standard deviation of this probability distribution.

• Questions on probability distributions - Binomial, Poisson

  4604 Questions on probability distributions - Binomial, Poisson 1 The Kwik Klean Car Wash loses $30 on rainy days and gains $120 on days when it does not rain. If the probability of rain is 0.15, what is the expected value of net profit? 2.

• Probability : Expected Values and Probability Distributions - According to an automobile manufacturer, the company uses 3,000 lock-and-key combinations on it's vehicles. Suppose that you find a key..

  60018 Probability : Expected Values and Probability Distributions According to an automobile manufacturer, the company uses 3,000 lock-and-key combinations on it's vehicles. Suppose that you find a key for one of those cars.

• Probability Distributions

  c) Use the probability distribution to find the standard deviation of the probability distribution. d) Use the probability distribution to find the expected value of the probability distribution. 5. A frequency distribution is shown below.

• Statistics - All Topics - Probability distributions

  142217 Problems involving normal distribution, poisson distribution, finding expected value of mean and standard deviation, and finding probability values under normal distributions. Please show ALL work! 1.

• Probability Distributions For Continuous Variables

  Determine each project's expected return and variability in return b. Which project yields the highest expected return and low risk Given the probability distributions of Stock A and Stock B illustrated in the Table, calculate: a.

• Business Math : Probability, Binomial Distributions, Decision-Making, Payoff Tables and Risk Management

  Find the expected value of the number of tests taken. 5. (40 points) Chez Paul is contemplating either opening another restaurant or expanding its existing location.

• Probability - expected value

  6518 Probability - Expected Value Probability Distributions; Expected Values 1. Suppose 5 apples in a barrel of 25 apples are known to be rotten. a.

• Hypothesis testing problems

  239818 Statistical Inference 1) Find the expected values of the following probabilities...... 2) In a population of test scores not known to be probability distributions.... 5) Using the sample limit theorem...... 8) The null hypothesis that

• How do you calculate expected payoffs modeled as discrete distributions?

  Build a single family house: payoff $100,000 (probability = .80) and $75,000 otherwise Find expected payoffs for each and rank the projects according to expected payoffs. Then find variance for each and rank projects according to risk.