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
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?
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
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
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
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
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
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
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
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
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
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
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
Please discuss if reliability and/or validity are mutually exclusive, mutually dependent, etc. Provide an example that clearly identifies your position.
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:
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)
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
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
Define probability distributions. Describe two common probability distributions. Looking for a good original (yet cited) response to this definition. And if you can describe two common ones with an example for each that would be great.
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
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
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
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
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
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
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)?
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
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
A coin is tossed 4 times. Let "A" be the event that the first toss is heads. Let "B" be the event that the third toss is heads. 1. What is the probability that the third toss is heads, given that the first toss is heads? 2. Are "A" and "B" independent? Why or why not?
During the period of time that a local university takes phone-in registrations, calls come in at the rate of one every two minutes. [Hint: It is a Poisson Distribution Problem.] a) What is the expected number of calls per hour? b) What is the probability of three calls in five minutes? c) What is the proba