Variance: An ice cream shop sells three flavors: vanilla, chocolate, and strawberry. The daily sales in dollars are represented by the following distribution: FLAVOR PROBABILITY VANILLA (V) 0.4 CHOCOLATE (C) 0.3 STRAWBERRY (S) 0.3 If the expected daily sales are $300 for vanilla, $400 for chocolate, and $500 for strawberry, calculate the variance of the daily sales.

Variance: An ice cream shop sells three flavors: vanilla, chocolate, and strawberry. The daily sales in dollars are represented by the following distribution: FLAVOR PROBABILITY VANILLA (V) 0.4 CHOCOLATE (C) 0.3 STRAWBERRY (S) 0.3 If the expected daily sales are $300 for vanilla, $400 for chocolate, and $500 for strawberry, calculate the variance of the daily sales.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Find the variance and standard deviation of the data below: Classes 1-10 11 - 20 21-30 31-40 41 - 50 51 - 60 61 - 70 71-80 81-90 Frequency 3 6 5 3 10 7 6 5 5
Calculate variance and co-efficient of variation from the following data: Class Interval : 12-16 16-20 20-24 24-28 28-32 32-36 Frequency: 2 8 18 10 6. 5
Give an explanation why this statement is either true or false: Portfolio contains n assets. Therefore, portfolio variance for this portfolio is the function of 2n covariances and n variances.
LINEAR REGRESSION 3. The following are the heights and weights of the players of the Uniminuto micro soccer team. The coaches want investigate if there is a relationship between the height and weight of the players and thus be able to establish physical criteria of the sample. (img1) A. What are the mean and median of each distribution? B. What is the variance and standard deviation of each distribution? C. Make the scatterplot, calculate the covariance and discuss it D. Calculate Pearson's correlation coefficient. Is it consistent with covariance? Comment it.
rent funding: The following table presents the budget (in millions of dollars) for selected organizations that received U.S. government funding for arts and culture in both 2004 and 2006. Use a TI-84 calculator to answer the following. Organization 2004 2006 National Endowment for Arts 121 124 National Gallery of Art 88 95 Kennedy Center for the Performing Arts 17 18 Commission of Fine Arts Advisory Council on Historic Preservation What is the correlation coefficient r? What is the least-squares regression line? Round the final answers to four decimal places
Part I A bakery sells homemade bread by the loaf and sales are uniformly distributed between 200 and 600 loaves per day. a. Find the probability of selling 240 loaves on a given day. b. Find the probability of selling between 250 and 260 loaves per day Part II The golf balls produced by TruGolf have a mean distance of 250 meters and a variance of 625 meters. c. How large a sample of TruGolf balls should be taken if they want to estimate with 90% confidence the mean distance to within 8 meters? d A random sample of 40 balls from TruGolf are selected. Find the Bound of Error when the confidence level is 95% for TruGolf
Thirty percent of the students in a class of 100 are planning to go to graduate school. The Variance of this binomial distribution is: A. 16 B. 21 C. 25 D. 36 Cat
What do the box plots tell you about the variability of the data? a. A has greater variability because its median and mean are greater than B b. B has greater variability because its range and IQR are greater tha c. B has greater variability because its median & mean are greater than A d. A has greater variability because its range & IQR are greater than B
One-way or two-way refers to the number of independent variables (IV's) in your Analysis of Variance test. One-way has one independent variable (either discrete or continuous) and two-way has two independent variables (either discrete or continuous). For example, a one-way Analysis of Variance could have one IV (brand of cereal) and a two-way Analysis of Variance has two IV's (brand of cereal, calories). O True O False
Find the variance of the given table in the attached photo
A study estimated that the percentage of women living in refugee camps in the West Bank who have less than a high school education to be 19%. If a :random sample of 15 people is drawn from this population, the variance of the variable is 2.3085 .a C 2.85 .b O 1.519 .c O 0.5 .d O
Answer A & B