10. Suppose the probability of selecting a number from the interval [0, 2] is givenby f(x) = Cx.(a) Find the value of C so that this is a probability distribution.(b) Find the probability that the given number is in the interval [0,1]. Now findthe probability that the selected number is in the interval [1, 2]. The answersdiffer. Why?(c) If X (x) = x is the random variable giving the value of the selected number,what is E(X)? The Var(X)?

Answered: . Suppose the probability of selecting…

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

Use the numbers given in step 8 to find the probability in step 9.
For a particular disease, the probability that a patient passes away within the xth year is given by the following table: xx P(x)P(x) 0 0.016 1 0.031 2 0.256 3 0.298 4 0.35 5 0.028 6 0.021 This means that the probability that someone passes away within the first year is 0.016. The probability that they pass away after one year would be 0.031. What is the mean number of years someone survives? (round to two decimal places) What is the standard deviation for the number of years someone survives? (round to two decimal places) The Range Rule of Thumb for survival would be: years to years. (Round each to two decimal places.) In your own words, interpret what the Range Rule of Thumb tells us about this disease. (If you don't remember what the Range Rule of Thumb is, review the heading "Unusual Values" in the Learning Activities.)
Suppose that a decision maker's risk atitude toward monetary gains or losses x given by the utility function(x) = (50,000+x) 34/2. Suppose that a decision maker has the choice of buying a lottery ticket for $5, or not. Suppose that the lottery winning is $1,000,000, and the chance of winning is one in a thousand. Then..... O The decision maker should not buy the ticket, as the utility from not buying is 223.6, and the expected utility from buying is 223.59. The decision maker should not buy the ticket, as the utility from not buying is 223.6067, and the expected utility from buyingis 223.6065. O The decision maker should buy the ticket, as the utility from not buying 223.60, and the utility from buying is 224.4. The decision maker should buy the ticket, as the utility from not buying 223.6065, and the utility from buying is 223.6067.
(Sec. 3.2) A student is required to enroll in one, two, three, four, five, six on the desired courseload) at a local university. Let Y the number of classes the next student enrolls themselves in. The probability that y classes are selected is known to be proportional to y+1, in other words the pmf of Y is given by p(y) = k(y+1) for y 1,...,7, and 0 otherwise (a) What is the value of k? or seven classes (depending (b) What is the probability that at most four classes are enrolled in? (c) What is the probability that a student enrolls in between three and five classes (inclusive)? y? /40 for y 1,.,7 be the pmf of Y? Explain why why not (d) Could p(y) or
please solve a and b.
If the odds against T occurring are 8:5, then find P(T) and P(T'). P(T) = (Simplify your answer.) P(T') = (Simplify your answer.)
A individual, with a utility function lnW and an initial wealth level W0, is faced with a fair gamble of winning or losing $h (where W0 > h > 0) with 50-50 chance. (a) Is this individual risk averse? Explain.(b) Suppose that the individual is willing to pay up to an amount of f in order to avoid such a gamble. Give the equation that determines f, and solve the equation for f (i.e., express f in terms of W0 and h). (c) Show that f increases as h increases.
Event A is my wife cooking dinner tonight. It has been determined that P(A) = 0.15. What is P(not A)?
A student goes to the library. Let events B=B= the student checks out a book and D=D= the student check out a DVD. Suppose that P(B)=0.59PB=0.59, P(D)=0.45PD=0.45 and P(D|B)=0.50PD|B=0.50. Round each answer to four decimal places. Find P(B′) Find P ( D and B) Find P (B\D) Find P (D and B') Find P (D\B')

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