MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The random variable, “number of people who arrive at a store during a 15-minute interval,” is an example of __________.
not a random variable
a continuous random variable
an experimental random variable
a discrete random variable
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- Please help me answer thisarrow_forward1arrow_forwardSimplified stock market. Suppose there are three kinds of days: GOOD, GREAT, and ROTTEN. The following table gives the frequency of each of these types of days and the effect on the price of a certain stock on that day. Type of day Frequency Change in stock value GOOD 60% 10% +2 +5 GREAT -4 ROTTEN 30% The type of a given day is independent of the type of any other day. Let X be the random variable giving the change in value of the stock after 1 day. Please answer: a. What is the expected change in the stock price? (That is, find E(X).) b. Calculate Var(X). NOTE: Give your answer to two decimal places (i.e., round to the nearest hundredths)arrow_forward
- The weight of persons in a state is a ___________ a) Irregular random variable b) Continuous random variable c) Discrete random variable d) Not a random variablearrow_forwardAssume that 12 jurors are selected from a population in which 50% of the people are Mexican-Americans. The random variable x is the number of Mexican-Americans on the jury. x 0 1 2 3 4 5 6 7 8 9 10 11 12 P(x) 0.0000.000 0.0030 0.0160 0.0540 0.1210 0.1930 0.2260 0.1930 0.1210 0.0540 0.0160 0.0030 0.0000 A. Find the probability of exactly 2 Mexican-Americans among 12 jurors. P(2)equals= b. Find the probability of 2 or fewer Mexican-Americans among 12 jurors. c. Does 2 Mexican-Americans among 12 jurors suggest that the selection process discriminates against Mexican-Americans? Why or why not?arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for Vanguard Total Stock Index (all stocks). Let y be a random variable representing annual return for Vanguard Balanced Index (60% stock and 40% bond). For the past several years, we have the following data. x: 15 0 24 28 15 17 36 −9 −16 −16 y: 21 −8 27 10 10 27 22 −2 −3 −1arrow_forward
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