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    Probability

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    Discrete probability distribution: mean, standard deviation

    When parking a car in a downtown parking lot, drivers pay according to the number of hours or parts thereof. The probability distribution of the number of hours cars are parked has been estimated as follows: x 1 2 3 4 5 6 7 8 P(x) 0.24 0.18 0.13 0.1 0.07 0.04 0.04 0.2 Find the mean an

    Discrete probability distribution: mean, standard deviation..

    Using historical records, the personnel manager of a plant has determined the probability distribution of X, the number of employees absent per day. It is: x 0 1 2 3 4 5 6 7 P(x) 0.005 0.025 0.31 0.34 0.22 0.08 0.019 0.001 a. Find the following probabilities: P(2 ≤ X ≤

    Mathematics - Probability Effective Gamble

    A gambler believes that a strategy called "doubling up" is an effective way to gamble. The method requires the gambler to double the stake after each loss. Thus, if the initial bet is $1, after losing he will double the bet until he wins. After a win he resorts back to a $1 bet. The result is that he will net $1 for every wi

    Probability Cab Fare

    Suzy and Fran toss a coin over cab fare. The probability that Suzy will pay five days in a row is 0.03125. True or False?

    Probabilty Distribution and Histogram

    Long-term history has shown that 65% of all elected offices in a rural county have been won by Republican candidates. This year there are 5 offices up for public election in the county Let r be the number of public offices won by Republicans. a) Find P(r) for r=0,1,2,3,4, and 5 b) Make a histogram for the r probability d

    Probability: Votes, the Bernoulli Process, and Volume Purchasers

    1. A May, 2004 news report indicated that George Bush 74% overall approval rating among Republicans. 26% of all others disapprove. Assume that 45 percent of registered voters are Republican. If you select a registered voter at random and the voter approves of the President's performance, what are the chances that the voter is a

    Binomial distribution: US Space Shuttle redundant systems reliability: a. Find the probability that this shuttle component functions successfully if n = 2. b. Find the probability that this shuttle component functions successfully if n = 4.

    Many vehicles used in space travel are constructed with redundant systems to protect the flight crew and their equipment. In other words, backup systems are included with many vehicle components so that if one or more systems fail, backup systems will assure the safe operation of the given component and thus the entire vehicle.

    Normal Distributions: purchase amounts by customers

    Suppose it is known that the distribution purchase amounts by customers entering a popular retail store is approximately normal with mean $25 and standard deviation $8. a. What is the probability that a randomly selected customer spends less than $35 at the store? b. What is the probability that a randomly selected custom

    Simulation of queuing systems

    Consider the following continuously operational job shop. Inter arrival times of jobs are described as follows: Time between arrivals (hrs) probability 0 0.23 1 0.37 2 0.28

    Expected Value. z-scores and other statistics concepts

    1. For a sample selected from a population with a mean of µ=50 and a standard deviation of σ = 10: a. What is the expected value of M and the standard error of M for a sample of n=4 scores? b. What is the expected value of M and the standard error of M for a sample of n = 25 scores? 2. A population has a mean of µ

    Binomial Probability for Students

    An unprepared student takes a three-question, true/false quiz in which he guesses the answers to all three questions, so each answer is equally likely to be correct or wrong. a)(4)The student gets three answers wrong. b)(4)The student gets exactly two answers correct. c)(4)The student gets only the first answer correct.

    Explanation of Computing a Probability of a Normal Distribution

    A manufacturer of hard drives knows that the average life of a hard drive is five years with a standard deviation of one year. If he only wants to warranty the drive for three years, what proportion of hard drives should he expect to replace? Assume the normal distribution.

    Salaries and normal distributions

    Please help with the following probability problem. According to the American Federation of Teachers, the average salary of 1998 college graduates with a degree in accounting was $33,702 (USA Today, June 18, 1999). Assume that the distribution of current salaries of recent graduates with a degree in accounting is skewed to t

    Calculating binomial probabilities

    Two-liter plastic bottles used for bottling cola are shipped in lots of 100. Suppose the lots are 5 percent defective. Some bottles leak, some are too small, and so forth. a. In the sample of 100, how many of the bottles would you expect to be defective? What is the standard deviation? b. Tell why this situation meets the

    Health Insurance Package

    The Food King Chain employs more than 3,000 people. The worker's ages are approximately normally distributed, with a mean of 31 years and a standard deviation of 4.3 years. The company is thinking of introducing a health care package, and its insurance company wants to sample 31 workers before quoting a price. Calculate the prob

    Students' Commuting Time at CSN

    Suppose that students' commuting time at CSN, represented by the variable X, has mean= 29 minutes and standard deviation = 9 minutes. There are 6000 students at CSN and we are about to take a random sample of 40 students. a) Can we know in advance what the mean commuting time for the students in the sample will be? b) Calcu

    Reorder Point/ Optimal Order/ Total Carrying Cost

    The manager of a car wash receives pricing schedule (shown below) from the vendor who supplies soap- and a promise of a 25% shorter lead time for deliveries. Currently, lead time is 4 days. Annual usage of soap is 4500 gallons. The car wash is open 360 days a year. Ordering Costs is $ 30 per order and annual holding costs are $

    Joint Probability Distributions

    Determine the value of c that makes the function f(x,y) = c(x+y) a joint probability density function over the range: x greater than 0 and less than 3 and x less than y less than x+2 a) P(X<1, Y<2) b) P(1<X<2) c) P(Y>1) d) P(X<2, Y<2) e) E(X) f) V(X) g) Marginal probability distribution of X h) Conditional probabilit

    Joint Probability Distributions - The time between surface finish problems in a galvanizing process is exponentially distributed with a mean a 40 hours. A single plant operates three galvanizing lines that are assumed to operate independently. ...

    The time between surface finish problems in a galvanizing process is exponentially distributed with a mean a 40 hours. A single plant operates three galvanizing lines that are assumed to operate independently. a) What is the probability that none of the lines experience a surface finish problems in 40 hours of operations? b

    Probability Distribution for Audits

    Question 1. An audit conducted by the St. Aleanis Hospital has determined that 15% of all patient bills contain an error of one form or another. After spending considerable effort to improve the hospital's billing process, the administrators are convinced that things have improved. They believe that the new error rate is somewhe

    Probability based on Z score.

    Amount of soft drink distributed into a cup has a mean of 7.6 oz and standard deviation of 0.4 oz. using what is given a) Estimate the probability that machine will overflow an 8oz cup b) Estimate the probability that it will not over flow 8 oz cup c) The machine has been loaded with 850 cups. how many of these do you expect

    Statistics - Probability Distribution and Mean Determination

    Incubated time for black chicks is distributed with a mean of 21days and standard deviation of 1 day.using what is given, If 1000 eggs are being incubated how many chicks do we expect to hatch a) in 19-23 days, in 20 to 22 dayd b) in 21 days or fewer d) in 18 to 24 days assuming all eggs hatched. This is what is given:u-3(me