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- typing pls i need a ) and b) answersRandom Phenomenon: The height of a tree depends not only on age but also on the soil and other natural conditions in the place of growth. The height of redwood trees in a park varies from 160 to 230 feet. Measure the height of a random redwood tree on Earth. Step 2 of 3: What is the maximum value of the random variable X? Input 'NoMax' if the maximum does not exist.Classify the following random variable according to whether it is discrete or continuous. The temperature in degrees Celsius on January 1st in Fargo, North Dakota Group of answer choices Discrete Continuous
- 2. A city had an unemployment rate of 7%. The mayor pledged to lower this figure and supported programs to decrease unemployment. A group of citizens wanted to test with 0.032 label of significance if the unemployment rate had actually decreased, so they obtained a random sample of 500 citizens to see what proportion of the sample was unemployed. Only 32 citizens in the above sample is still unemployed. What is the probability of Type II error if the actual unemployment rate is 6.5% please don't use software everything needs to be done by hand. Explain because I don't understand my professor. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.The number of major snowstorms (that shut down businesses) has a Poisson distribution with rate 0.4 per month Hom January through March. A restaurant buys an insurance policy to insure against losses. The policy pays nothing for the first major snowstorm that occurs in January through March, but pays $2,000 for every major snowstorm thereafter for that period up to $6.000. a) Find the probability there are 4 or more snow storms during the 3-month period. b) Find the expected amount paid by the policy during the 3-month period.Find f'(x). f(x) = - 12 In x + 11x - 11 f'(x) =
- If the estimator is consistent and the asymptotic variance is smaller than all other consistent estimators of then Ô is asymptotic efficient. O True FalseSuppose there are n assets which are uncorrelated. (They mightbe n different “wild cat” oil well prospects.) You may invest in any one, or in any combination of them. The mean rate of return r¯ is the same for each asset, but the variances are different. The return on asset i has a variance of σ2i for i = 1, 2, . . . , n.(a) Show the situation on an r¯-σ diagram. Describe the efficient set.(b) Find the minimum-variance point. Express your result in terms of σ¯2 =!"ni=11σ2i#−1.Question Two a) The table below shows the probability distribution of the discrete random variable X. 2 3 4 5 7 P(X=x) 2p 2p 3p i. Find the value of p from the table above. Calculate the probability that at X is at least 5. Calculate the mean of the distribution. ii. 111.
- In your own words, describe what the difference is between an error term and a residual. How does sample size affect the variance of each?Let z be the standard normal random variable. 1 Find P(z > 1.45) a 0.0452 b 0.0531 c 0.0625 d 0.073518. An insurance agent has claimed that the average age of policy-holders who insure through him is less than the average for all agents, which is 30-5 years. A random sample of 100 policy-holders who had insured through him gave the following age distribution : Age last birthday 16-20 21-25 26-30 31-35 36-40 No. of persons 12 22 20 30 16 : Calculate the arithmetic mean and standard deviation of this distribution and use these values to test his claim at the 5% level of significance. You are given that Z (1-645) = (0-95.
