The expected value of the number of automobiles sold is, a 5.20

Q: Using the standard normal distribution table, compute the following probabilities P(Zs2.5) is: .9599…

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Q: A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this…

A: A company invests in selling computers unit worth Php 32000 The probability of maintaining this…

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Q: Using the standard normal distribution table, compute the following probabilities P(-1.5 ≤ Z ≤ 1.8)…

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Q: The value of the ideal standard deviation is (two decimal places, no zeroes anywhere) 0.5/

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A: Depending on the context—for example, for taxes, financial accounting, or economic analysis—income…

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A: It is the average income that can be earned by an individual.

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A: In statistics, the three sigma rule is known as the empirical rule. Another name for it is the…

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A: (a)The mean time for method A is 28 minutes, and the standard deviation is 6 minutes. This means…

Q: Suppose x is a normally distributed random variable with u = 50 and o = 3. Find a value of the…

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Q: The density function of a random variable X is given in the table below, answer following:…

A: Answer (a) The probability that X will be lies between 1 and 3 or P(1 < X > 3) = P (X = 2) =…

Q: Number of contestants prize if tryout is held Income to a person if they stay at home Expected…

A: The expected value of tryout = expected prize = (Prize of the tryout) / (number of persons trying…

Q: The number of orders for installation of a computer information system arriving at an agency per…

A: The cumulative distribution function is given as:  F(x) = P(X ≤ x)

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A: Economic order quantity (EOQ) refers to the ideal quantity of order(product) that a company should…

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A: Given,  The Acquisition cost is $100kThere are two demand with two probabilities : Low Demand with…

Q: We have one risk-free asset with a return r, = 0.06 (i.e., 6%) and one risky asset. There are three…

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Q: A new product’s sales and profits are uncertain. The marketing department has predicted that sales…

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Q: Home prices in a particular neighborhood average $350k with a standard deviation of $30k. They are…

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Q: Three alternative insulations are being considered for installation on a machine part. After the…

A: Given, Three alternatives insulations are being considered for installation on a machine partIf the…

Q: Suppose commute times in a large city are normally distributed and that 65.20% of commuters in this…

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A: The expected life of  Machine depends on the probabilities of number of years.  Expected life will…

Q: The number of auto parts that a company produces follows a normal distribution. The company has two…

A: The normal distribution, also known as the Gaussian distribution, is a symmetrical probability…

Q: 3 Consider the following probability distribution. xi 0 1 2 3 O 2.5 0.9 O 1.9 P(X = xi) O 1.5 0.1…

A: The expected value is computed by summing up the product of x and the probability associated with…

Q: The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors…

A: ∑f(x)=1 ⇒0.001+0.007+0.034+0.099+0.188+X1+0.220+0.136+0.055+0.015+0.001=1 ⇒X1=1-0.756=0.244 Mean=∑x…

Q: 15% 10,000,000 20% 5% -1,000,000 What are the expected profits from this project?

A: Expected profit is the probability of receiving a profit multiplied by the profit, by the payoff,…

Q: Consider the following joint distribution of two random variables X and Y: -2 1 3 ? 0.15 0.15 ? 0.30…

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Q: Problem 1 Synergy Company sells co-amoxiclav antibiotic. The probability distribution of the demand…

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Q: Guy Fieri has purchased a significant plot of land in Northwest Ohio for his newest venture:…

A: Given,  Township expects to host 14,000 each day Average Revenue : $45 per visitorParadigm shifting…

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A: The expected return is the amount of profit or loss an investor can anticipate receiving on an…

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A: Understanding the Gamma Distribution with Scale and Shape ParametersThe scenario you described…

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Q: A random variable X has a continuous uniform distribution from 13 to 26 inclusive. What is P(X 2…

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Q: 15.) Royalties received by an investor in an oil well vary according to the price of oil. Data…

A: The expected value of an event is obtained by multiplying the probability of an event by the value…