Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Consider the following probability model where X depicts the total number of sunny days in a month that a city may have during the

image text in transcribed
1. Consider the following probability model where X depicts the total number of sunny days in a month that a city may have during the winter and the corresponding probabilities. X 18 19 20 21 22 23 24 25 26 p | 0.25 0.20 0.15 0.10 0.10 0.10 0.05 0.025 0.025 a. What is the expected (mean) number of sunny days? b. What is the standard deviation of the number of sunny days? 2. Let the random variable X represent the prot made on a randomly selected day by a certain store. Assume X follows a Normal distribution, with a mean of $360 and standard deviation $50. a. What is the probability that the prot is between $300 and $400 on a randomly picked day? b. What is the probability that the prot is exactly $300 on a randomly picked day? c. What is the probability that the prot is less than $300 on a randomly picked day? (1. Above what prot level (measured in $) does the top 10% of the prot distribution lie? e. New also consider the random variable Y, which represents the profit made on a randomly selected day by a second store. Assume Y follows a Normal distribution, with a mean of $250 and standard deviation $30. Assume that X and Y are independent. What is the daily expected prot from the two stores?. What is the combined standard deviation from the two stores? 3. A survey was conducted about electronic gadget use amongst college students. 66% of the students said they regularly use a laptop for school work, 12% said they regularly use a tablet for school work, and 3% said they use both. a. What is the proportion of students who regularly use a laptop or a tablet for school work? b. What is proportion of students use neither a laptop nor a tablet for school work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Birds Higher Engineering Mathematics

Authors: John Bird

9th Edition

1000353036, 9781000353037

More Books

Students also viewed these Mathematics questions

Question

redict the structure of the compound with valid justification

Answered: 1 week ago

Question

Explain the process of MBO

Answered: 1 week ago

Question

4 How can you create a better online image for yourself?

Answered: 1 week ago