Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Issue: Suppose that a couple will have 3 young people. Acknowledge that the probability of having a young woman is .487 and the probability of

Issue: Suppose that a couple will have 3 young people. Acknowledge that the probability of having a young woman is .487 and the probability of having a child is .513. Furthermore expect that x is a self-assertive variable for the amount of young women and find the probability where x is 0, 1, 2, or 3. Every together word, answer the going with probability questions.

a. What is the probability that none of the three children will be young women?

b. What is the probability that correctly one of the three will be youngsters?

c. What is the probability that definitely two of the three will be young women?

d. What is the probability that all of the three of the youths will be young women?

Acknowledge the speed of vehicles along an open stretch of a particular expressway in Texas that isn't energetically journeyed has an around Normal dissemination with a mean of 71 mph and a standard deviation of 3.125 mph.

a) The current posted speed limit is 65 mph. What is the degree of vehicles going over the current posted speed limit?

b) What degree of the vehicles would be going under 50 mph?

c) What degree of the vehicles would be heading off to some place in the scope of 60 and 75 mph?

d) State experts are aware of the road not being seriously managed, and that it can manage a higher speed limit. Regardless, they presently will execute a high cost for speeding over the new speed breaking point to promise some level of as a rule security. Speeds will be checked by radar. Acknowledge a comparable Normal scattering of vehicle speeds continues into the future as already. What should be the new speed limit so much that pretty much 10% of vehicles will speed over the new posted speed limit? Show the sum of your intuition/work in reacting to this.

answer for d

i9i

a) Market research has shown that 60% of individuals who are familiar with a particular thing truly buy the thing. A sporadic illustration of 15 individuals were familiar with the thing.

I. Describe the variable of interest for the present circumstance.

ii. What probability scattering do you think best depicts the condition? Why?

iii. Discover the probability that absolutely 9 will buy the thing.

iv. If 80 individuals are familiar with the thing, choose the amount of person who are depended upon to buy the thing.

b) It is understood that an ordinary of 5 trains go through Grand Central Terminal as expected. Find the probability that

I. Correctly 4 trains will pass rapidly

ii. under 2 trains will pass in an hour

imageimageimage

Use the following information to answer the next (2) questions: Let us assume that ABC Corporation is showing the following balances (before adjustment) as of December 31, 2020: Accounts Receivable - General Accounts Receivable - Assigned $ 350,000 $ 70,000 $ 1,400 debit balance Allowance for Doubtful Accounts Based on past experience, ABC estimates that 4% of total accounts receivable (general + assigned) will prove to be uncollectible. Determine the Ending Balance (after adjustment) in the Allowance for Doubtful Accounts at December 31, 2020: $14,000 $16,800 00 $15,400 $18,200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Here are the steps to solve this problem a The variable of interest is the number of vehicles going over the current posted speed limit of 65 mph b The speed of vehicles is best described by a normal ... 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

Intermediate Financial Management

Authors: Brigham, Daves

10th Edition

978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573

More Books

Students also viewed these Finance questions

Question

c. What is the estimate of ?

Answered: 1 week ago

Question

b. Predict lichen N for an NO 3 deposition value of .5.

Answered: 1 week ago