0.01 0.07 0.07 0.12 0.18 0.19 0.17 0.10 0.05 0.03 0.01 ted number of years of patent life for a new drug. ] ard deviation of x. (Round your answer to four decimal places.) ] bility that x falls into the interval μ ± 20. ]
0.01 0.07 0.07 0.12 0.18 0.19 0.17 0.10 0.05 0.03 0.01 ted number of years of patent life for a new drug. ] ard deviation of x. (Round your answer to four decimal places.) ] bility that x falls into the interval μ ± 20. ]
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
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I need help with all parts of this question 11
![The maximum patent life for a new drug is 17 years. Subtracting the length of time required by the FDA for testing and approval of the drug provides the actual patent life of the drug-that is, the length of time that a company has to recover research and
development costs and make a profit. Suppose the distribution of the lengths of patent life for new drugs is as shown here.
Years, x
p(x)
(a) Find the expected number of years of patent life for a new drug.
3
4
5
6
7
8
10
0.01 0.07 0.07 0.12 0.18 0.19 0.17 0.10 0.05 0.03 0.01
9
11
(c) Find the probability that x falls into the interval μ ± 20.
12 13
(b) Find the standard deviation of x. (Round your answer to four decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9175f245-2e1a-4def-805b-da74e3897838%2Fa780c0cb-5210-48b4-bfe5-a36a9311fc0b%2Fe7segb8_processed.png&w=3840&q=75)
Transcribed Image Text:The maximum patent life for a new drug is 17 years. Subtracting the length of time required by the FDA for testing and approval of the drug provides the actual patent life of the drug-that is, the length of time that a company has to recover research and
development costs and make a profit. Suppose the distribution of the lengths of patent life for new drugs is as shown here.
Years, x
p(x)
(a) Find the expected number of years of patent life for a new drug.
3
4
5
6
7
8
10
0.01 0.07 0.07 0.12 0.18 0.19 0.17 0.10 0.05 0.03 0.01
9
11
(c) Find the probability that x falls into the interval μ ± 20.
12 13
(b) Find the standard deviation of x. (Round your answer to four decimal places.)
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