webassign.net + 88 Topic: 10.7 Discussion--Rising Savings during the Pandemic Hmwk: Chapter 5 X F21 MATH DO10 Introductory Statistics 51Z Shukla 01505, Fall 2021 | We... For each probability and percentile problem, draw the picture. The time (in years) after reaching age 60 that it takes an individual to retire is approximately exponentially distributed with a mean of about 8 years. Suppose we randomly pick one retired individual. We are interested in the time after age 60 to retirement. Part (a) In words, define the Random Variable X. O time, in years, that an individual must work before retiring O age, in years, of an individual when he or she retires time, in years, after age 60, that it takes an individual to retire O the number of individuals who retire after age 60 Part (b) Is X continuous or discrete? continuous O discrete Part (c) Give the distribution of X. (Enter the numerical value as a fraction.) X ~ U Part (d) Enter an exact number as an integer, fraction, or decimal. M = 68 - Part (e) Enter an exact number as an integer, fraction, or decimal. 0= 8webassign.net Topic: 10.7 Discussion--Rising Savings during the Pandemic + Hmwk: Chapter 5 88 X F21 MATH DO10 Introductory Statistics 51Z Shukla 01505, Fall 2021 | We... Draw a graph of the probability distribution. f(X) f(X) 0.20 0.20 0.15 0.15 0.10 WebAssign Plot 0.10 0.05 0.05 O 5 10 15 20 25 30 O 5 10 15 20 25 30 f(X) f(X 0.20 0.20 0.15 0.15 0.10 0.10- 0.05 0.05 5 10 X 15 20 25 30 5 10 15 20 25 30webassign.net + 88 Topic: 10.7 Discussion--Rising Savings during the Pandemic Hmwk: Chapter 5 x F21 MATH DO10 Introductory Statistics 51Z Shukla 01505, Fall 2021 | We... E(X) f(X) 0.20 0.20 0.15 0.15 0.10 0.10- WebAssign Plot 0.05 0.05 X O 5 10 15 20 25 30 O 5 10 15 20 25 30 Part (9) Find the probability that the person retired after age 71. (Round your answer to four decimal places.) 0.2865 Part (h) Do more people retire before age 68 or after age 68? before O after Part (i) In a room of 1,000 people over age 80, how many do you expect will NOT have retired yet? (Round your answer to the nearest whole number.) people Viewing Saved Work Revert to Last Response