Question
I just need the answer and don't need explanation. Thank you! 1.A group of people were asked if they had run a red light in
I just need the answer and don't need explanation. Thank you!
1.A group of people were asked if they had run a red light in the last year. 156 responded "yes", and 419 responded "no".
Find the probability that if a person is chosen at random, they have run a red light in the last year.
2.Based on historical data, an insurance company estimates that a particular customer has a 1.1% likelihood of having an accident in the next year, with the average insurance payout being $2900.
If the company charges this customer an annual premium of $120, what is the company's expected value of this insurance policy?
3.You really struggle remembering to bring your lunch to work. Each day seems to be independent as to whether you remember to bring your lunch or not. The chance that you forget your lunch each day is 32.9%. Consider the next 50 days. Let X be the number of days that you forget your lunch out of the 50 days. Calculate the following:
X :
X :
P ( X = 16 ) :
P ( X < 19 ) :
P ( X > 12 ) :
P ( 14 X 19 ) :
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