The number of suits sold per day at a retail store is shown in the table, with
Question:
The number of suits sold per day at a retail store is shown in the table, with the corresponding probabilities. Find the mean, variance, and standard deviation of the distribution.
If the manager of the retail store wants to be sure that he has enough suits for the next 5 days, how many should the manager purchase?
Transcribed Image Text:
Number of suits sold X 19 20 2 2223 Probability P(X) 0.2 0.2 0.3 0.2 0.1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 43% (16 reviews)
1902 2002 2103 2202 2301 208 2 19 2 02 20 2 02 21 2 03 22 2 02 23 2 ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
After shuffling a deck of 52 cards, a dealer deals out 5. Let X = the number of suits represented in the five-card hand. a. Show that the pmf of X is [p(1) = 4P(all are spades), p(2) = 6P(only spades...
-
The Bombay Company offers reproductions of classic 18th- and 19th-century English furniture pieces, which have become popular in recent years. The following table gives the probability distribution...
-
The number of computers sold per day at Dans Computer Works is defined by the following probability distribution: a. P(3 ¤ x b. P(x > 3) =? c. P(x ¤ 4) =? d. P(2 2 4 P(x 0.05 0.10 0.20...
-
1. Arrays - Create a program that asks for 10 integers. Display a navigation menu and perform the following: A. Display the numbers. B. Display the values of even indexes (0th, 2nd, 4th, 6th, etc.)...
-
Based on Carls comments regarding the probability of Annas MS worsening, could Dave require Anna to submit to and share genetic testing results as a condition of employment? Could Carl use such...
-
Deluxe Corporation Deluxe Corporation (Deluxe) is the worlds largest printer of checks as well as a provider of electronic products and services to financial institutions and retail companies. The...
-
Why do project teams create time-phased budgets? What are their principal strengths?
-
Selzer & Hollinger, a low-cost legal ï¬rm, has set time standards for each of the two basic legal services it offers, which include the following: Over the past month, Selzer & Hollinger has...
-
Question Help The adjusted trial balance of Stanley Sign Company follows: m (Click the icon to view the adjusted trial balance) Requirements 1. Assume Stanley Sign Company has a January 31 year-end....
-
A traffic signal has a 60-second cycle length. For the travel direction of interest, the effective red and green times are 30 seconds each, the arrival rate is constant at 20 vehs/min and the...
-
A roulette wheel has 38 numbers, 1 through 36, 0, and 00. One-half of the numbers from 1 through 36 are red, and the other half are black; 0 and 00 are green. A ball is rolled, and it falls into one...
-
Construct a probability distribution for the sum shown on the faces when two dice are rolled. Find the mean, variance, and standard deviation of the distribution.
-
Calculate O2 mixture (298 15 K, 1 bar) , for oxygen in air, assuming that the mole fraction of O 2 in air is 0.210. Use the conventional molar Gibbs energy defined in Section 6.17.
-
What work trait differences are similar in chart 1 and chart 2? Provide a comment for each of the 4 generations from each chart. Which work trait differences vary from those identified in chart 1 and...
-
Given the ALU design illustrated below, without changing the circuit design, please use the ALU to perform a logic NAND operation. Find out what the control signals should be (i.e. the values of...
-
Problem #5: Using the method of joints, determine the force in each member. State whether each member is in compression or tension. If the largest force each member can support is 4kN tension and 3kN...
-
Your cultural/social background and that of your family. What language, policies/structures and customs are relevant to your own culture? How do you think your own background impacts on people from...
-
In this second Case Assignment, the assignment is going to test your understanding of how successful teams operate efficiently through teamwork. Teamwork relies upon individuals to work together to...
-
Which of the following is true regarding a SIMPLE IRA plan? A. The employer must have 100 or more employees. B. Participant loans are allowed. C. It can be combined with a money purchase plan. D. An...
-
Write an essay describing the differing approaches of nursing leaders and managers to issues in practice. To complete this assignment, do the following: 1. Select an issue from the following list:...
-
Why are we more concerned now than our parents were about fair treatment of employees?
-
Ten counties in Pennsylvania are randomly selected to determine the average county real estate tax that the residents pay. Identify the sampling method that was used.
-
Name and define the three types of observational studies.
-
List some advantages and disadvantages of an observational study.
-
Vaughn Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the...
-
To fund your dream around-the-world vacation, you plan to save $1,300 per year for the next 14 years starting one year from now. If you can earn an interest rate of 5.83 percent, how much will you...
-
On NSE (Indian stock exchange), shares of ICICI Bank trade for 935 rupees. If the spot exchange rate is USD 0.012, what is the no-arbitrage USD price of ICICI Bank ADR? Assume that transactions costs...
Study smarter with the SolutionInn App