• Q : Components of the sample space....
    Finance Basics :

    Using the notation 4H, for example, to denote the outcome that the die comes up 4 and then the coin comes up heads, and 3HT to denote the outcome that the die comes up 3 followed by a head and then

  • Q : Posterior probability....
    Finance Basics :

    A part randomly chosen is inspected and found to be acceptable. At this point, what is the posterior probability that the lathe tool is properly adjusted?

  • Q : Consumer digest....
    Finance Basics :

    According to Consumer Digest (July/August 1996), the probable location of personal computers (PC) in the home is as follows:

  • Q : Calculate the probability of occurring....
    Finance Basics :

    A silver dollar is flipped twice. Calculate the probability of each of the following occurring:

  • Q : Question regarding the gary schwartz....
    Finance Basics :

    Gary Schwartz is the top salesman for his company. Records indicate that he makes a sale on 70% of his sales calls. If he calls on four potential clients

  • Q : Portion of the accounts....
    Finance Basics :

    General Hospital's patient account division has compiled data on the age of accounts receivable. The data collected indicate that the age of the accounts follows a normal distribution with µ=

  • Q : Elements of the sample space....
    Finance Basics :

    Show all of the elements of the sample space S. Given that A is the set of non-medicated subjects and B is the set of walkers, list the elements of AUB.

  • Q : Probability of selecting a black card....
    Finance Basics :

    On a single draw from a deck of playing cards the probability of selecting a heart is 1/4, the probability of selecting a black card is 1/2, and the probability of selecting both a heart and a black

  • Q : Standard normal random variable z....
    Finance Basics :

    For the standard normal random variable z, find z for each situation.

  • Q : Predict the market will be good....
    Finance Basics :

    When Market Researchers, Inc. performs the study for this product, the results predict the market will be good. Given the results of this study, what is the probability that the market actually will

  • Q : Questions using the binomial probability distribution....
    Finance Basics :

    Military radar and missile detection systems are designed to warn a country of enemy attacks. A reliability question deals with the ability of the detection system to identify an attack and issue th

  • Q : Primary method of transportation....
    Finance Basics :

    Are events A and B mutually exclusive? What is the probability that a person uses an automobile or a bus in going to and from work? Find the probability that a person's primary method of transportat

  • Q : Life of the component....
    Finance Basics :

    What is the probability that the life of the component is less than or equal to 6000 hours? What is the probability that the life is greater than 4000 hours?

  • Q : Exponential probability density function....
    Finance Basics :

    The lifetime (hours) of an electronic device is a random variable with the exponential probability density function:

  • Q : Partial probability distribution for the mra company....
    Finance Basics :

    The following table shows a partial probability distribution for the MRA Company's projected profits (in thousands of dollars) for the first year of operation (the negative value denotes a loss):

  • Q : Probability distribution for the random variable....
    Finance Basics :

    Shown is a probability distribution for the random variable x. Compute E(x), the expected value of x.

  • Q : Question about the exponential distribution....
    Finance Basics :

    Sparagowski & Associates conducted a study of service times at the drive-up window of fast-food restaurants. The average time between placing an order and receiving the order at McDonald's resta

  • Q : Determining the standard deviation of boats....
    Finance Basics :

    Sales for Fast Kat, a 16-foot catamaran sailboat, have averaged 250 boats per month over the last five years, with a standard deviation of 25 boats.

  • Q : Number of defective parts....
    Finance Basics :

    When a new machine is functioning properly, only 3% of the items produced are defective. Assume that we will randomly select two parts produced on the machine and that we are interested in the numbe

  • Q : Stocks on the london stock exchange....
    Finance Basics :

    As peculator purchases three stocks on the London Stock Exchange. He estimates that the probabilities that each of these stocks will have risen in value by the end of the week are, respectively, 0.6

  • Q : Calculate the expected number of requests....
    Finance Basics :

    Calculate the expected number of requests received and interpret your results. Is this a discrete or a continuous probability distribution?

  • Q : Determining the effect on sales of competitor....
    Finance Basics :

    The managers of a food company are interested in determining the effect on their sales of a competitor"s television advertisements. An analysis of sales records for the last 120 weeks gives the foll

  • Q : Relationship between events faulty tires and faulty brakes....
    Finance Basics :

    What conclusion would you draw about the relationship between the events 'faulty tires" and 'faulty brakes"?  

  • Q : Estimated probability distribution for the sales....
    Finance Basics :

    The following table shows an estimated probability distribution for the sales of a new product in its first week:

  • Q : Beta random variable with parameters....
    Finance Basics :

    If x represents a beta random variable with parameters p and q,show that 1-x also represents a beta random variable with parameters q and p.

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