Determine probability using the random variable
Use the random variable X with values x = 2, 3, 4, 5 or 6 with P(x) = 0.05x
a) Determine P (x = 4) b) Find P (x > or eq 4) c) What is P (2 < x < or eq 5) d) Give E(x) e) Calculate SDx
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(i) Calculate the mean (Expected) number of dines outside their home. (ii) Calculate the variance of the number of dines.
Define suitable populations from which the following samples are selected:
Transaction analysis results in the development of a journal entry. In the start-up of a business the owner contributes $750,000 of cash.Name the accounts impacted.
It is known that the number of business failure in USA per hour is distributed as Poisson with mean µ= 8.
Use the random variable X with values x = 2, 3, 4, 5 or 6 with P(x) = 0.05x. What is P (2 < x < or eq 5).
Prepare the journal entries for the following. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Adjusting Entries are required at the end of the period to ensure that accrual accounting principles are applied.The building that houses the business is depreciated at an annual rate of $14,000.
On Saturdays, cars arrive at Sami Schmitt's Scrub and Shine Car Wash at the rate of 8 cars per twenty minute interval. Using the Poisson distribution, (i) find the probability that five cars will arrive during the next five minute interval
Atlantic Airlines operated both an airline and several motels located near airports. During the year just ended, all motel operations were discontinued and the following operating results were reported:
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