MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- An insurance company will insure a $75,000 automobile for its full value against theft by apolicy with a premium of $1,500 per year. Suppose that the probability that the automobile willbe stolen is 0.0075.a. Construct the probability distribution.b. Calculate the insurance company's expected net profit for this policy.arrow_forwardComplaints about an Internet brokerage firm occur at a rate of 4 per day. The number of complaints appears to be Poisson distributed. A. Find the probability that the firm receives 5 or more complaints in a day. Probability = B. Find the probability that the firm receives 10 or more complaints in a 3-day period. Probability =arrow_forwardLet X = {Email, In Person, Instant Message, Text Message}; P(Email) = 0.06 P(In Person) = 0.55 P(Instant Message) = 0.24 P(Text Message) = 0.15 Is this model a probability distribution? A. Yes. B. No. C. Maybe.arrow_forward
- The number of needed repairs while under warranty for a Sure Cut lawnmower has a population distribution as shown in the probability histogram below. The population mean is also given. Population 0.6 - 0.5- 0.4- population mean: u=1.15 0.3- 0.2- Number of repairs Probabilityarrow_forwardBecause of the continued successful implementation of an urban renewal program, it is expected that each year, 6% of the population currently residing in the city will move to the suburbs and 7% of the population currently residing in the suburbs will move to the city. The initial probability distribution is as given below. City Suburb 0.70 0.30 What will be the population distribution of the city after 1 year? city suburb What will be the population distribution of the city after 2 years? (Round your answers to three decimal places.) city suburbarrow_forwardAssume that 12 jurors are randomly selected from a population in which 60% of the people are Mexican-Americans. Refer to the probability distribution table below and find the indicated probabilities. Number of Mexican-Americans Probability 0 0 1 0.0003 2 0.0025 3 0.0125 4 0.042 5 0.1009 6 0.1766 7 0.227 8 0.2128 9 0.1419 10 0.0639 11 0.0174 12 0.0022 a) Find the probability of at most 4 Mexican-Americans among 12 jurors. Give answer as a decimal. b) Find the probability of more than 4 Mexican-Americans among 12 jurors. Give answer as a decimal.arrow_forward
- A ballet instructor is interested in knowing what percent of each year's class will continue on to the next, so that she can plan what classes to offer. Over the years, she has established the following probability distribution. • Let X = the number of years a student will study ballet with the teacher. • Let P(x) = the probability that a student will study ballet x years. Complete the table below using the data provided. (Enter exact numbers as integers, fractions, or decimals.) x P(x) x*P(x) 1 0.10 2 0.10 3 0.20 4 5 0.20 6 0.20 7 0.05arrow_forwardFind the mean of the given probability distribution. The probabilities that a batch of 4 computers will contain 0,1,2,3, and 4 defective computers are 0.5997, 0.3271, 0.0669, 0.0061, and 0.0002,respectively. Round answer to the nearest hundredth.arrow_forwardSuppose you called your local pharmacy to refill a prescription and are put on hold. Assume that the amount of time you will spend on hold is somewhere between 0 and 13 minutes and it follows a uniform distribution. What is the probability you will be on hold for exactly 8 minutes?arrow_forward
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