Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me to answer these questions and give me brief explanation, thank you. 1.If the random variable X is normally distributed with a mean

Please help me to answer these questions and give me brief explanation, thank you.

1.If the random variable X is normally distributed with a mean of 60 and a variance of 100, then P(X >66) is:

a. 0.27 b. 0.49 c. 0.69 d. 0.89 e. None of the above

2.Suppose 30% of the BMWs sold in Australia were made in Germany. A sample of 20 BMWs were taken. What is the probability that 10 or fewer the selected BMWs were made outside Germany?

a. 0.05 b. 0.43 c. 0.95 d. 0.98 e. None of the above

3.The number of customers shopping at a local supermarket follows a Poisson distribution with a mean of 10 people per hour. The probability that over the next hour 6 people will shop at the local supermarket is:

a. 0.01 b. 0.03 c. 0.05 d. 0.06 e. None of the above

4.Consider two independent events A and B. The probability that event A occurs is 0.40 and the probability that event A occurs when event B occurs is 0.40, then P(B) is:

a. 1.0 b. 0.6 c. 0.4 d. 0.2

e. P(B) cannot be determined with the information given

5.If E(X2) is 14 and the standard deviation of X is 2, what is the value of the expected value of X?

a. 2.25 b. 3.00 c. 3.16 d. 5.50

e. None of the above

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

Entrepreneurial Finance

Authors: J. Chris Leach, Ronald W. Melicher

6th edition

1305968352, 978-1337635653, 978-1305968356

More Books

Students also viewed these Finance questions

Question

What is the role of work orders in operation costing?

Answered: 1 week ago