5. Suppose the distance traveled in an ride-share trip in a certain area can be modeled by a randomvariable that has the probability density function f(x) = 1/5 for 5 < x < 10. For the same area, thedynamic pricing algorithm of the ride-share app charges X? – 10 dollars when X miles are traveled.(a) What is the expected distance traveled in a ride?(b) What is the expected cost of a ride?(c) What is the probability that a ride costs less than 50 dollars?

Answered: Image /qna-images/answer/9dacde15-f3cf-4f5d-b2cd-83e37f554e53.jpg

Answered: . Suppose the distance traveled in an…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

If X is normally distributed with mean 0 and variance 1, what is the probability density function of X2 ?
1. Determine the constant c so that the function p(x) = 0(x) defines the probability den- sity for a random variable {. Then find the cumulative distribution function and the mean of {. %3D
Suppose we roll 3 fair dice and let X be the number of twos we roll.(a) Find the probability mass function of X.(b) Find the expected value of X.(c) Find the variance of X.(d) Find the probability-generating function of X.(e) Find the moment-generating function of X
Losses come from a mixture of an exponential distribution with mean 100 with probability p and an exponential distribution with mean 10,000 with probability 1– p. Losses of 100 and 2000 are observed. Determine the likelihood function of p. -0.01 pe (1– p)e“ pe 20 (1– p)e0² -0.2 (A) 100 10,000 100 10,000 pe (1– p)e“ -0.01 (B) pe (1– p)e02' 100 10,000 100 10,000 pe, (1- p)e0. 20 (1– p)eº -0.01 pe 100 -0.2 (C) pe 10,000 100 10,000 pe, (1- p)e 00i -0.01 (D) -20 ре (1– p)e02 100 10,000 100 10,000 e 0.01 +(1– p) e -20 (E) р. 100 10,000 100 10,000
4. An insurance company sells an automobile policy with a deductible of one unit. Let X be the amount of the loss having pmf 0.9 f(x) = x = 0 x = 1,2,3,4,5,6 where c is a constant. a) Find c. b) Find the expected value of the amount the insurance company must pay.
Can someone explain it to me why I’m getting wrong answer??!!!
The following table is a partial probability distribution for the MRA Company's projected profits (x = profit in $1,000s) for the first year of operation (the negative value denotes a loss). x f(x) −100 0.100 0.2050 0.30100 0.25150 0.10200 (a) What is the proper value for f(200)? f(200) = What is your interpretation of this value? This is the ---Select--- percent probability that the MRA will have a $200,000 profit. (b) What is the probability that MRA will be profitable? (c) What is the probability that MRA will make at least $100,000? Please only correct and with concept and dont do handwritten or skip please!!
X is the number of successes in 10 independent Bernoulli trials. The variance of X is equal to 3/4 of the expectation of X (ie Var(X)=0.75E(X)). The probability that X is less than 2 is equal to_____. Please fill in the blank.
The probability density function of X discrete random variable given in the photograph is given. Find the expected value, variance and standard deviation of X.
(a) Sketch the probability mass function of X . (b) Find the mean and standard deviation of the number of pots of olives sold daily. (c) If the profit obtained from selling a pot of olives is 50p, what is the expected profit made on a single day? During a working week of 6 days?

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS

. Suppose the distance traveled in an ride-share trip in a certain area can be modeled by a random variable that has the probability density function f(x) = 1/5 for 5