*PLEASE SHOW ALL WORK FOR COMPLETING THIS PROBLEM SO THAT I KNOW HOW TO DO IT IN FUTURE SITUATIONS*
From past information, XYZ has collected the following data for the # of building losses per year for their 80 buildings.
# of building losses per year # of buildings having these losses
A) derive the probability distribution for frequency based on the information above, and make sure your answer is labeled properly so that I know what it is, thank you.
B) Calculate the expected value of frequency for XYZ Company.
C) Calculate the Standard Deviation for XYZ Company.© BrainMass Inc. brainmass.com October 25, 2018, 5:42 am ad1c9bdddf
Since there are 80 buildings in total, ?? = 10 (80 - 40 - 25 - 5)
The following is the distribution of looses.
# of building losses per year Probability
0 40/80 = 0.5
1 25/80 = ...
XYZ Company sample questions are examined in the solution. The expert expected value of frequency for XYZ Company is given.
Probability, confidence interval, analysis sample questions
The area under the normal curve between z=1 and z=2 is ________________ the area under the normal curve between z=2 and z=3.
A. Greater than
B. Less than
C. Equal to
D. A, B or C above dependent on the value of the mean
E. A, B or C above dependent on the value of the standard deviation
Essay Type Questions Please show work and formula's Answers in Microsoft Word format (Copy Excel to Word)
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