3)Ali has bought a phone from apple store at a cost of 450 R.O. He has anoption of buying anextended service warranty offering 2 years of coverage for 35 R.O. Afterdiscussing with his friends and reading reports, Ali believes the probabilitiesof following maintenance expensescould be incurred during the next 2 years.Expense (R.O)Probability97102|1071121170.350.250.150.120.080.05a. Find the expected value of the anticipated maintenance costs.b. Find V (92x+7).

Answered: 3) Ali has bought a phone from apple…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

A stock had returns of 3 percent, 12 percent, 26 percent, -14 percent, and -1 percent for the past five years. Based on these returns, what is th probability that this stock will return at least 20 percent in any one given year? Multiple Choice Approximately 5 percent Approximately 2.5 percent Approximately 1 percent Approximately 16 percent Approximately 5 percent < Prev 7 of 10 www ‒‒‒ Next
Help
Be sure to draw graphs and show answers as P( ) = . 2. Find the critical value χ R 2 corresponding to a sample size of 14 and a confidence level of 98%. Draw the graph.
1.A husband and wife take out an insurance policy for a 20 year term. It is estimated the probability of being alive in 20 years time is 0.8 for the husband, and 0.9 for the wife. What is the probability that in 20 years time, just one of them will be alive. Explain your reasoning carefully.
3) Solve for all parts of the question correctly, please.
Do you try to pad an insurance claim to cover your deductible? About 44% of all U.S. adults will try to pad their insurance claims! Suppose that you are the director of an insurance adjustment office. Your office has just received 126 insurance claims to be processed in the next few days. Find the following probabilities. (a) half or more of the claims have been padded (b) fewer than 45 of the claims have been padded (c) from 40 to 64 of the claims have been padded (d) more than 80 of the claims have not been padded
You purchase a brand new car for $15,000 and insure it. The policy pays 78% of the car's value if there is an issue with the engine or 30% of the car's value if there is an issue with the speaker system. The probability of an issue with the engine is 0.009, and the probability there is an issue with the speaker system is 0.02. The premium for the policy is p. Let X be the insurance company's net gain from this policy. (a) Create a probability distribution for X, using p to represent the premium on the policy. Enter the possible values of X in ascending order from left to right. P(X) (b) Compute the minimum amount the insurance company will charge for this policy. Round your answer to the nearest cent
Exhibit 5-10The probability that Pete will catch fish on a particular day when he goes fishing is 0.8. Pete is going fishing 3 days next week. Refer to Exhibit 5-10. The expected number of days Pete will catch fish is?
On cloudy days, Lucy has ramen for lunch with probability 0.4.On non-cloudy days, she has ramen with probability 0.2.There's a probability of 0.3 that it'll be cloudy tomorrow.What's the probability that she eats ramen tomorrow?
The probability that a doctor correctly diagnoses a particular illness is 0.60. Given that the doctor makes and incorrect diagnosis, the probability that the patient enters a law suit is 0.90. What is the probability that the doctor makes an incorrect diagnosis and the patient sues?
The probability that an applicant will be approved for a mortgage is 0.15. Each applicant has the same probability of being approved and the event that they are approved are independent. What is the probability that out of three applicants, exactly two of them get approved? Enter your answer as a decimal, with three decimal places. For example, if the probability is 15.37%, enter 0.154

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS