Question
The probabilities that 0,1,2,3,4,5 defective units produced by a machine in a day are respectively 0.10,0.20,0.40,0.10,0.15,0.05. Use thefollowing 2 digit 25 random numbers: 01,77,06,12,76,89,45,32,05,01,77,50,80,34,28,54,78,57,36,10,28,13,29,47,44.a) Generate
The probabilities that 0,1,2,3,4,5 defective units produced by a machine in a day are respectively 0.10,0.20,0.40,0.10,0.15,0.05. Use thefollowing 2 digit 25 random numbers: 01,77,06,12,76,89,45,32,05,01,77,50,80,34,28,54,78,57,36,10,28,13,29,47,44.a) Generate a simulated number of defectives for each random number given above.b) Find the mean ofThe probabilities that 0,1,2,3,4,5 defective units produced by a machine in a day are respectively 0.10,0.20,0.40,0.10,0.15,0.05. Use thefollowing 2 digit 25 random numbers: 01,77,06,12,76,89,45,32,05,01,77,50,80,34,28,54,78,57,36,10,28,13,29,47,44.a) Generate a simulated number of defectives for each random number given above.b) Find the mean of simulated number of defectivesc) Find the standard deviation of simulated number of defectives.
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
