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Consider a binomial random variable X with n = 5 and p = 0 . 40. Find the probability distribution of X . Find P

  1. Consider a binomial random variable Xwith n =5and p = 0.40.
  2. Find the probability distribution of X.
  3. Find P (X < 3).
  4. Find P(2X4).
  5. Find the mean and the variance of X.2+=2=2< coefficient.

Y= statistic the coefficeinet janna Canadian . k

  1. Compute the following Poisson probabilities (to 4 decimal places) using the formula:
  2. P(X =3), if = 2.5
  3. P(X 1), if = 2.0
  4. P(X 2), if = 3.0

  1. An official from the securities commission estimates that 75% of all investment bankers have profited from the use of insider information. If 15 investment bankers are selected at random from the commission's registry, find the probability that:
  2. at most 10 have profited from insider information.
  3. at least 6 have profited from insider information.
  4. all 15 have profited from insider information.

  1. An advertising executive receives an average of 10 telephone calls each afternoon between 2 and 4 P.M. The calls occur randomly and independently of one another.
  2. Find the probability that the executive will receive 13 calls between 2 and 4 P.M. on a particular afternoon.
  3. Find the probability that the executive will receive seven calls between 2 and 3 P.M. on a particular afternoon.
  4. Find the probability that the executive will receive at least five calls between 2 and 4 P.M. on a particular afternoon.

  1. The probability distribution of a random variable X is shown below.

x

-4

0

4

8

p(x)

0.15

0.25

0.20

0.40

  1. Find the following probabilities:
  2. P(X 0)
  3. P(X > 3)
  4. P(0 X 4)
  5. P(X = 5)

  1. i. Find E(X).
  2. Find V(X).

  1. Find the expected value of Y = - 2X +1

d. i. Find E(3X-4).

ii. Find V(3X-4).

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