MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
34% that a stock investement will end up in a total loss what is the chance that 1 of 3 investments ends up in a total loss?
Expert Solution
arrow_forward
Step 1
It is given that,
34% that a stock investment will end up in a total loss.
It means that the probability that the stock investment will end up in a total loss is equal to the 34% = p= 0.34
We have a total of 3 investments i.e. n=3
Let us define X be a random variable which is used to denote the number of investments ends up in a total loss. Then,
X~Bin(n=3,p=0.34)
Step by stepSolved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Atlanta experiences an average of one ice storm every 5 years. What is the probability that Atlanta has two ice storms in the next 3 years?arrow_forwardIf the probability that an individual with a Bachelor Degree in Underwater Basket-weaving will be hired in their first 6 months out of college is 3%, what is the probability that an individual with a Bachelor Degree in Underwater Basket-weaving will not get hired in the first 6 months out of college?arrow_forwardhe probability of a person dying quickly given that he or she ate flesh from a Mad Cow is 85% Suppose the probability that the person eats flesh from a Mad Cow is 12%, what is the PROBABILITY such a person eats the flesh of a Mad Cow and dies quickly?arrow_forward
- A drug test correctly gives a positive result 88 percent of the time. However, 3 percent of the time, it incorrectly gives a positive result. This is known as a false positive. Suppose that 5 percent of the people to be tested will have one or more of the drugs being tested for in their system. What is the probability that a randomly chosen person will have get a positive test result? Your answer should be to 4 decimal places.arrow_forwardSuppose that on the average, 7 students enrolled in a small liberal arts college have their automobiles stolen during the semester. What is the probability that more than 4 students will have their automobiles stolen during the current semester? Round your answer to four decimal places.arrow_forwardA bank received on average 9 bad cheques per day, what is the probability that the bank will receive 5 bad cheques on any given day. Round to four decimalsarrow_forward
- A hacker breaking into a computer system has a 15% chance of breaking into a system in 2 minutes, a 25% chance after 5 minutes, and a 60% chance after 20 minutes. What is the expected time will take the hacker to get in?arrow_forwardProbability of raining during the month of April in nyc is 0.33. What is the probability that it will rain 2 of the next 3 days ?arrow_forwardThe amount of time spouses shop for anniversary cards can be modeled by an exponential distribution with the average amount of time equal to 58 minutes. What is the probability that a randomly selected spouse spends no more than 20 minutes shopping for an anniversary card?arrow_forward
- In a large population, 59% of the people have been vaccinated. If 4 people are randomly selected, what is the probability that AT LEAST ONE of them has been vaccinated? Give your answer as a decimal to 4 places. > Next Questionarrow_forwardIn the winter, guests who visit Yosemite National Park like to stay at an overnight lodge in the park 66 % of the time. Find the probability that among 7 guests surveyed exactly 5 guests like to stay at an overnight lodge in the park.P(x = 5)arrow_forwardPls make sure its correct and show full steps. Naval intelligence reports that 9 enemy vessels in a fleet of 20 are carrying nuclear weapons. If 5 vessels are randomly targeted and destroyed, what is the probability that more than 1 vessel transporting nuclear weapons was destroyed? Express your answer as a fraction or a decimal number rounded to four decimal places..arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman