Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. A telescope pointed at a region of space observes 0.01 shooting starsfday on average. Assume shooting stars are independent events- a) Even though it's

image text in transcribedimage text in transcribed
image text in transcribedimage text in transcribed
4. A telescope pointed at a region of space observes 0.01 shooting starsfday on average. Assume shooting stars are independent events- a) Even though it's arguably not the best t, suppose we choose to use a binomial random variable to model the number of shooting stars observed in a 365day year, setting in = 365 and p = 0.01. Determine the mean, the standard deviation, and the maximum outcome theoretically possible for this model (but not this maximum's probability). You may use 'shortcut formulas' that apply to this probability distribution. b) Suppose we instead choose to use a Poisson random variable to model the number of shooting stars observed in a 365day year. Determine the appropriate param eter value, the mean, and the standard deviation for this random variable. You may use 'shortcut formulas' that apply to this probability distribution. c) Describe an outcome value that is (theoretically) possible with the Poisson model used in part b) but not possible with the Binomial model used in part a). What (very) improbable sequence of events would need to happen on at least one day in order for this Poissonspecic outcome to occur? d) A commonly used \" rule of thumb\" dictates that 95% of outcomes should occur within two standard deviations of the mean. Using the means and standard deviations you calculated in parts a) and b), use this rule of thumb to construct intervals that contain 95% of outcomes for each of these random variables. Are these intervals similar? (The lower boundaries for the intervals might seem a bit peculiar. Don't worryr about it!)

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_2

Step: 3

blur-text-image_3

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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Mathematics questions