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The management of a bank in the Caribbean was concerned about the potential loss that might occur in the event of a hurricane.
A quick walk at 4 miles per hour burns an average of 320 calories per hour. if the variable (calories) is normally distributed with a standard deviation
A multi choice exam offers 4 choices for each question. Jason guesses the answers, so he has a probability 1/4 of getting any one question correct.
Select an American family randomly and count the number of people it contains. Here is the assignment of probabilities for your outcome:
Create the entire binomial distribution for the situation described in the question. The "BINOMDIST" function will calculate the probability results.
Suppose that X represents diameter measurements from a gamma distribution with a mean of 3 mm and a variance of 1.5 mm^2. Find the parameters r and Lambda.
A TV show, DOG and CAT, recently had a share of 20, meaning that among the TV sets in use, 20% were tuned to that show
In a region, 20% of the population has brown eyes. If 15 people are randomly selected, find the probability that at least 13 of them have brown eyes.
An insurance company charges a 21 year old male a premium of $250 for a one year $100,000 life insurance policy. A 21 year old male has a 0.9985
Based on data from a car bumper sticker study, when a car is randomly selected, the number of bumber stickers and corresponding probabilities are shown below.
A process when in control produces a normally distributed output with a mean of 200 and a range of 20. Ten samples of 20 each yield the following means
The Penguin Company employs 400 men and 100 women. Of the male employees, 280 work in the plant, 40 are in the office, and 80 are field salesmen
Three members of a club will be selected to serve as officers. The first person selected will be president, the second person will be vice-president
If a couple were planning to have three children, the sample space summarizing the gender outcomes would be:
Given that 2 of 211 subjects are randomly selected, complete parts 1 and 2
A research center poll showed 80% of people believe that it is morally wrong to not report all income on tax returns
At a particular location on a river the number of fish caught per man-hour of fishing effort has a Poisson distribution with ?= 1.3 fish per man hour
In a lengthy manuscript, it is found that only 2/3 of the pages contain no typing errors. Assume that the number of errors per page has a Poisson distribution.
A normal population has a known mean 50 and unknown variance.
The payouts of the lottery and their corresponding odds and probabilities of occurrence are shown below. The price of a ticket is $1.00. Find the mean
The random variable X takes on the values 0, 1,2,3 with respective probabilities
In examining borrower characteristics versus loan delinquency, a bank has collected the following information. 15% of borrowers who have been employed
Rob works in quality at a well known saw blade company. An inspector on his team has uncovered an issue with the kerf dimension on the bandsaw blade line
A silver dollar is flipped twice. Calculate the probability of each of the following occurring:
A Tire company has developed a new type of tire. Extensive testing shows that the number of miles the new tire will run before wearing out