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    Probability

    Finding probability questions

    1. According to a Gallup Poll conducted March 5-7, 2001, 52% of American adults think that protecting the environment should be given priority over developing US energy supplies, 36% think developing energy supplies is more important, and 6% believe the two are equally important. The rest have no opinion. Suppose that a sample o

    Queuing Problem-Statistics: Speedy (Pete's) Copy Center

    Speedy copy center located on Capitol Hill in Washington D.C. has three coin operated copying machines used primarily by U.S. Senators to make copies of their confidential diaries and illegal agreements with foreign governments and corporations. The owner, Hugh Makeham, is a former Xerox repairman and can fix a broken machine w

    Switch or Stick Question

    A number of years ago, there was a popular television game show called Let's Make a Deal. The host Monty Hall, would randomly select contestants from the audience and, as the title suggests, he would make deals for prizes. Contestants would be given relatively modest prizes and would then be offered the opportunity to risk those

    Computing Probability - Rules of Probability

    An insurance agent has appointments with four prospective clients tomorrow. From past experience, the agent knows that the probability of making a sale on any appointment is 1 out of 5. Using the rules of probablitlity, what is the likelihood that the agent will sell a policy to 3 of the 4 prospective clients?

    Probability Problem Sets in Management Trainee Program

    In a management trainee program, 80 percent of the trainees are female, 20 percent male. Ninety percent of the females attended college, 78 percent of the males attended college. a management trainee is selected at random, what is the probability that the person selected is a female who did NOT attend college? What is the probab

    Probability and Statistics: Coin Flipping Project

    The project below involves using a computer simulator to virtually flip multiple coins. First, we'll flip 4 coins 20 times, then we'll flip 4 coins 10000 times. I have taken screenshots of my results with the coin-flipper (attached) but need some help with the questions. Questions for flipping 4 coins 20 times: 7) Base

    Statistics Problem Set: Colds and Exercise

    18. Last year, at Northern Manufacturing Company, 200 people had colds during the year. One hundred fifty-five people who did no exercising had colds, and the remainder of the people with colds were involved in a weekly exercise program. Half of the 1,000 employees were involved in some type of exercise. (a) What is the probabi

    Case: Let's Make a Deal.

    A number of years ago, there was a popular television game show called Let's Make a Deal. The host, Monty Hall, would randomly select contestants from the audience and, as the title suggests, he would make deals for prizes. Contestants would be given relatively modest prizes and then would be offered the opportunity to risk that

    Detection and Estimation

    Suppose you have a coin and you want to test two hypotheses: H0: the coin is fair (that is, you get a head with probability p = 0.5 and a tail with the same) and H1: the coin is unfair and has probability p > 05 for a head and (1-p) for a tail. Assume p is known. Explain in detail what the optimum Neyman = Pearson test is fo

    Weston Materials - Probability Analysis

    The accounting department at Weston Materials Inc a national manufacturer of unattached garages, report that it takes two construction workers a mean of 32 hours and a standard deviation of 2 hours to erect the Red Barn model. Assume the assembly times follow the normal distribution. a. Determine the z values for 29 and 34 h

    Random Selection and Probability

    EBook is a digital book provider that sells their downloaded product through both Anason and Bairnes-Nolb. Anason requires that EBook use a different format than they use for Bairnes-Nolb. EBook keeps records that show the number of unacceptable downloads done by each format. Based on past data, the probability that an EBook ca

    Proportion and Probability of Household Incomes

    According to the U.S. Census Bureau, the mean household income in the United States in 2000 was $63,091 and the median household income was $50,054 (U.S. Census Bureau, www.census.gov, September 2011). The variability of household income is quite large, with the 85th percentile (i.e., top 15%) approximately equal to $100,000, a

    Probability: Quarter Example Problems

    Currently, quarters have weights that are normally distributed with a mean of 5.670 g and a standard deviation of 0.062 g. A vending machine is configured to accept only those quarters with weights between 5.550 g and 5.790 g. a) If 280 different quarters are inserted into the vending machine, what is the expected number of

    Probability of Overbooking an Airplane

    A Boeing 767-300 has 213 seats. When someone buys a ticket for a flight, there is a 0.0995 chance that the person will not show up for the flight (based on data from an IBM research paper by Lawrence, Hong, and Cherrier). A ticket agent accepts 236 reservations for a flight that uses a Boeing 767-300. Find the probability that

    Expected Payoff - Slot Machine

    A standard slot machine has three reels. The first reel has 3 walnuts, 7 cherries, 3 oranges, 5 lemons, 1 bell, and 1 jackpot bar. The second reel has 7 cherries, 6 oranges, 1 lemon, 3 bells, and 3 bars. The third reel has 4 walnuts, 7 oranges, 5 lemons, 3 bells and 1 bar. The payoffs are Reel 1 Reel 2 Reel 3 Payoff in Coi

    Probability, Statistics, and Data

    W1A4 Sample Questions Determine if this is an example of probability or statistics: If a red, blue, and green M&M are placed into a bag, we have a 1/3 chance of reaching in and selecting the red M&M. Determine if this data is qualitative or quantitative: Waist size Determine if this study is experimental or observational:

    Normal Distribution and Values

    The incomplete table at right is a discrete random variable x's probability distribution, where x is the number of courses taken by randomly selected undergraduate student. (Please refer to attached document to view the table and note that the questions are written in the excel file as well ) Answer the following: (a)

    Stats Problem

    Question: The table below shows the probability distribution for the daily demand of toasters at a store. DEMAND PROBABILITY 0 0.05 1 0.1 2 0.25 3 0.25 4

    Analytical Estimate

    a. In a class roster of 18 students, what are the chances that there are at least 2 people with the same birthday (same day, not same year)? Given a birthday of July 29th, please provide a detailed analytical estimate of the likelihood that this will happen. b. A street performer approaches you to make a bet. He shows you th

    can u help please?

    1. True or False? The normal distribution is the most important discrete probability distribution. 2. True or False? Every normal distribution can be transformed to a standard normal distribution. 3. For a standard normal distribution, what is the value of the standard deviation and the mean? 4. What is the area under a stan

    Decision Analysis Case Study

    Please see the attached case study. What is the problem facing Sam Ellis and Forward Software? (This may take 2-3 paragraphs to explain properly). Based on your decision tree, what is the course of action Sam Ellis and Forward Software should take based on the lowest EMV? (That is, what is the lowest cost alternative?) Be sur

    Probability: Detecting an Income Missile

    Assume that a single radar unit used to detect incoming missiles has a probability of 0.90 of correctly detecting an incoming missile attack. Furthermore, assume that four such individual and identical radar units (each with an individual probability of 0.90 of detecting an incoming missile attack) are used to create a radar ins

    Analysis of Exponential Probability Distribution

    The time between arrivals of customers at the drive-up window of a bank follows an exponential probability distribution with a mean of 10 minutes. a. What is the probability that the arrival time between customers will be 7 minutes or less? b. What is the probability that the arrival time between customers will be between 3 an

    Uniform Distribution and Probability

    The time it takes to hand carve a guitar neck is uniformly distributed between 110 and 190 minutes. a. What is the probability that a guitar neck can be carved between 95 and 165 minutes? b. What is the probability that the guitar neck can be carved between 120 and 200 minutes? c. Determine the expected completion time for

    Probability and Real World Probability

    There are 2 types of probability: empirical and theoretical (classical). - Define the 2 probability types in your own words. - List 1 profession example for each probability type: empirical probability and theoretical (classical) probability. Explain clearly how these probabilities are used. - List a real-world probability

    Probability of Basketball Throws

    Consider a high school basketball player that is a 70% free throw shooter. During the season, what is the probability that this player makes the third free throw in five shots (exactly 3 shots in 5 attempts)?

    Probability of passengers showing up

    Airline overbooking is a common practice. Due to uncertain plans, many people cancel at the last minute or simply fail to show up. Air Eagle is a small commuter airline. Its past records indicate that 80% of the people who make a reservation will show up for the flight. The other 20% do not show up. Air Eagle decided to book 12

    Probability of Random Draws

    A box contains 10 chips. The chips are numbered 1 through 10. Otherwise, the chips are identical. From this box, we draw one chip at random, and record its value. We then put the chip back in the box. We repeat this process two more times, making three draws in total from this box. 1. How many elements are in the sample spac