i) Calculate the expected value of S. ii) Calculate the variance of S. iii) Determine E (1145 - 7S - 6S²).

The maximum patent life for a drug is 17 years. Subtracting the length of time required by the FDA for testing and approval of the drug provides the actual patent life for the drug that is, the length of time that the company has to recover research and development costs and to make a profit. The distribution of the lengths of actual patent lives for new drugs is given below, where Y is a random variable representing actual patent life of a drug (in years): y P(Y=y) F(y) 4 5 6 7 8 9 10 11 0.06 0.08 0.11 0.15 0.22 0.18 0.12 0.08 a) Complete the table above with the cumulative probability distribution for actual patent life (F(y) = P(Y ≤ y)). b) What is the probability that the actual patent life of a random drug is 6 years or less? c) What is the probability that the actual patent life of a random drug is more than 8 years? Show this in two ways: i. using the probability distribution for Y ii. using the cumulative probability distribution for Y, and applying our probability of comple-…

Answer number 4

Total plasma volume is important in determining the required plasma component in blood replacement therapy for a person undergoing surgery. Plasma volume is influenced by the overall health and physical activity of an individual. Suppose that a random sample of 45 male firefighters are tested and that they have a plasma volume sample mean of x = 37.5 ml/kg (milliliters plasma per kilogram body weight). Assume that o = 7.60 ml/kg for the distribution of blood plasma. (a) Find a 99% confidence interval for the population mean blood plasma volume in male firefighters. What is the margin of error? (Round your answers to two decimal places.) lower limit upper limit margin of error (b) What conditions are necessary for your calculations? (Select all that apply.) n is large the distribution of weights is normal o is known the distribution of weights is uniform o is unknown (c) Interpret your results in the context of this problem. The probability that this interval contains the true average…