Cellophane that is going to formed into bags for items such as dried beans or bird seed is passed over a light sensor to test if the alignment is correct before it passes through the heating units that seal the edges. If the alignment is too bad, the process is stopped and an operator adjusts it. These stops occur ramdomely and
Your company bids for two contracts. You believe the probability that you get contract #1 is 0.8. If you get contract #1, the probability that you also get contract #2 is 0.2, and if you do not get contract #1 the probability that you get contract #2 will be 0.3. a. Are the outcomes of the two contract bids independent? b. F
An urn contains five balls numbered 1 to 5. Two balls are drawn simultaneously. (a) Let X be the larger of the two numbers drawn. Find p_x(k). (b) Let V be the sum of the two numbers drawn. Find p_v(k). Repeat the question for the case where the two balls are drawn with replacement.
Urn I contains five red chips and four white chips; urn II contains four red and five white chips. Two chips are drawn cimultaneously from urn I and placed in urn II. Then a single chip is drawn from urn II. What is the probability that the chip drawn from urn II is white?
Please show complete solutions/explanations. Keno is a casino game in which the player has a card with the numbers 1 through 80 on it. The player selects a set of k numbers from the card, where k can range from one to fifteen. The "caller" announces twenty winning numbers, chosen at random from the eighty. The amount won depe
Two lighting systems are being proposed for an employee work area. One requires fifty bulbs, each having a probability of 0.05 of burning out within a month's time. The second has onehundred bulbs, each with a 0.02 burnout probability. Whichever system is installed will be inspected once a month for the purpose of replacing b
Doomsday Airlines ("Come Take the Flight of Your Life") has two dilapitated airplanes, one with two engines, and the other with four. Each plane will land safely only if at least half of its engines are working. Each engine on each aircraft operates independently and each has probability p = 0.4 of failing. Assuming you wish
I need assistance with the attached problem. It requires me to show that a given algorithm generates the geometric distribution. Please see the attached document for details. Show that the following algorithm is valid for generating X -- geom(p) 1. Ler i=0. 2. Generate (please see the attached file) independent of any
Please complete answer/steps/explanation for the following: 2.7.11. An apartment building has eight floors. If seven people get on the elevator on the first floor, what is the probability they all want to get off on different floors? On the same floor? What assumption are you making? Does it seem reasonable? Explain.
A fast-food chain is running a new promotion. For each purchase, a customer is given a game card that may win $10. The company claims that the probability of a person winning at least once in five tries is 0.32. What is the probability that a customer wins $10 on his or her first purchase?
1. Let -- be a random sample from the Poisson distribution with pmf --. Find the MVUE of --- using the following three steps. a) Find the complete sufficient statistic Y_1 for --. b) Show that -- is an unbiased estimator of -- where I is the indicator function. c) Find the MVUE of -- by the conditional expectation e(T/Y_1).
Please see the attachment for the full problem description. 1. A single observation of a random variable having an exponential distribution with ---- If the null hypothesis is accepted if and only if the observed value of the random variable is less than 3. a) Find the probabilities of Type I and Type II errors. b) W
You are assigned to be part of a team of three analysts of a global management consulting company where of the entire work force of analysts. 55% have had no experience in telecommunications, 32 have had limited experience (less than 5 years) and the rest have had extensive experience ( 5 years or more). You and two other an
Workers at a large toxic clean up project are concerned that their white blood cell counts may have been reduced. Let x be a random variable that represents white blood cell count per cubic millimeter of whole blood in a healthy adult. Then m= 7500 and o= 1750. A random sample of n=50 workers from the toxic cleanup site were giv
Please construct the decision tree for the problem attached, insert the probabilities and values as given in the scenario (make sure to include in the tree the possibility that the one-month forecast is favourable or not), roll back the tree, and determine the course of action that PEPSI should take. Perform a sensitivity ana
Facebook reports that 70% of their users are from outside the United States and that 50% of their users log onto the Facebook everyday. Suppose that 20% of their users are United States users who log on every day. 1. What percentage of Facebook users are from the United States? 2. What type of probability is the 20% mentione
3. The Online police department was asked by the mayor's office to estimate the cost of crime to citizens of Online. The police began their study with the crime of identity theft, taking a random sample of files (there is too much crime to calculate the statistics for all the crimes committed). They found the average dollar lo
The following table gives the approximate age distribution in the United States from the 2000 census. Age Population 19 & under 29% 20 - 34 21% 35 - 59 34% 60 - 84 15% 85 & over 1% a. Does the dat
Data from a National Health Survey show that men's average weight is normally distributed with a mean of 172 pounds and a standard deviation of 29 pounds. a. If a man is chosen at random, what is the probability that his weight is greater than 180 pounds? b. If 100 men are randomly selected, what is the probability tha
The average stock price for companies making up the s&p 500 is $30, and the standard deviation is $8.20. assume the stock prices are normally distributed. a. what is the probability a company will have a stock price of at least $40? b. what is the probability a company will have a stock price for no higher than $20? c. how
1. Given that z is a standard normal variable, compute the following probabilities a. p(z less than or equal to -1.0) b. p(z is greater than or equal to 1) c. p( z is greater than or equal to - 1.5) d. p(-2.5 less than or equal to z) e. p(-3 < z is less than or equal to 0) f. p(-1.98 less than or equal to z less than or eq
Each day a manufacturing plant receives a large shipment of drums of Chemical ZX-900. These drums are supposed to have a mean fill of 50 gallons, while the fills have a standard deviation known to be .6 gallon. Suppose that the mean fill for the shipment is actually 50 gallons. If a random sample of 100 drums from the shipmen
Looking to see how the answer is derived. Suppose that X and Y are independent each with exponential distribution with parameter = 3. Joint Density Function = 9(e^-3x)x(e^-3y) for x>0 and y>0. Find (a) P(X + 2Y <,= 2); (b) P(X + Y <,= 2); and (c) P(X - Y <,= 2). <,= represents less than, equal to.
The probability distribution for the random variable x is as follows x is 20 25 30 35 f(x) is .20 .15 .25 .40 a. Is this probability distribution valid? Explain. b. What is the probability that x=30? c. What is the probability that x is less than or equal to 25? d. What is the probability that x is greater than 30?
Suppose that the net interest margins for all U.S. banks are normally distrubuted with a mean of 4.15 percent and a standard deviation of .5 percent. 1. What is the probability that a randomly selected U.S.bank will have a net interest margin less than 4.40 percent?
Give an example representing a discrete probability distribution and another example representing a continuous probability distribution. Explain why your choices are discrete and continuous. Please provide me an insightful analysis of the question is lengthy in response and include specific examples.
Word-process your solutions within this template. Show all steps used in arriving at the final answers. Word-process formulas using Equation Editor and diagrams using Drawing Tool. Please see attachments.
The GMAT scores of MBA students is assumed to be distributed normally with a mean of 530 and a standard deviation of 80. The GMAT scores of ten students are selected randomly. What is the probability that at least 7 of the 10 students have SAT scores in excess of 550?
Please answer the questions listed below (see attachment for formatted questions): Group 6 Airlines sometimes overbook flights (that is, they sell more tickets than there are seats on the plane). Suppose that for a plane with 50 seats, 55 passengers have tickets. Define the random variable X as the number of ticketed pass
Fluctuation in the prices of precious metals such as gold have been empirically shown to be well approximated by a normal distribution when observed over short interval of time. In May 1995, the daily price of gold (1 troy ounce) was believed to have a mean of $383 and a standard deviation of $12. A broker, working under these a