3. Daily demand for lots of apples at the grocery store is given by the followingprobability distribution:101520p(x) |0.30 0.55 0.15The store buys a lot for $55 and sells it for $130 each. Any unsold lots at the end ofthe day are disposed at $45 each. Assuming that the stock level is restricted to one ofthe demand levels, how many lots should be stocked daily?

Apple rate Buying Price by the storekeeper $55 Selling Price by the storekeeper $130 Unsold…

Answered: 3. Daily demand for lots of apples at…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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PI. A shipment of 8 television sets contains 3 defective sets. A hotel makes a random purchase of 4 these sets. If X is the number of defective sets purchased by the hotel, find (a0 the probability distribution and (b) the cumulative distribution of X. Using F(x), find (c) P(X = 2) and (d) P(0 < X< 3)
Determine each of the following areas andshow these graphically. Use probability notation in your final answer. 1. above z = -1.08 2. below z = -1.08 3. between z= -1.08 and z=0.80
S5.1. The demand for a product of a company varies greatly from month to month. The probability distribution for the company’s monthly demand, based on the past two years of data, is given:Demand: 250 375 425 575Probability: 0.20 0.35 0.40 0.05.a) What is the expected value of the monthly demand?b) If each unit costs $40 and generates $60 in revenue, how much will the company gain or lose in a month if its production level is based on your answer to a) and the actual demand for the item is 250?
The joint probability distribution of the number X of cars and the number Y of buses per signal cycle at a proposed left-turn lane is displayed in the accompanying joint probability table below. y P(xy) 1 2. 0. .025 .015 .010 .050 .030 020 2. .125 .075 050 3. 150 090 060 4. 100 .060 040 050 .030 .020 Suppose the left-turn lane is to have a capacity of six cars, and that one bus is equivalent to three cars. What is the probability of an overflow duringa cycle? Select one: O 48 O 28 O38 0.18
WFC Average St. Dev. Min 0.65% 10.26% -28.99% Мах 27.51% 25. Based on the table above, what is the probability of losing -7% or more for WFC? A. 0.07 B. 0.14 C. 0,23 D. 0.29 %3D E. 0.31 26. If you have $200,000 invested in WFC, what is the dollar value of VaR of losing -7% or more? A. $14,000 B. $28,000 C. $46,000 D. $58,000 E. $62,000 27. Based on the table above, there is 30% chance that your losses for WFC will be greater than A. -0,30% B. 2.15% C. 4.73% D. 7% E. -14% 28. Based on the table above, there is 30% chance that your dollar losses for WFC will be greater than if you have $200,000 invested in ti? A. -S600 B. $4,300 C. -$9,460 D. -$14,000 E. S28,000
er Weapon Handgun Rifle Shotgun Unknown firearm Knives Hands, fists, etc. Other Probability 0.478 0.027 0.035 0.148 0.135 0.059 0.118 to 0 and less than or equal to 1, and the sum of the probabilities of all outcomes E 14 quiz
A food truck near the University of Windsor specializes in healthy sandwiches. The sandwiches are prepared fresh each morning and any unsold sandwiches are donated to a food bank. Each sandwich costs $6 to make and sells for $10. The daily number of sandwiches sold, x, has the following distribution: (shown in image) a. Fill in the missing probability in the table above b. What is the expected daily profit? (hint: find the mean of x and multiply it by profit per sandwich) c. Find the mean, variance and standard deviation of the number of daily number of sandwiches sold. d. What is P(x  2| x < 4)?
3. Draw the probability distribution of the function, find the mean, variance, and standard deviation of the profit in the instance below: A store has a monthly sale of P23,540, which deviates by P3,876. Now, the profit is calculated as 28% of the sales subtracted by the operating cost of P,5324.
Nicole has purchased the life insurance policy for her fish for the price of $200 per year and Nicole will receive $4000 in case if her fish passes away. The insurance company estimated the probability of her fish passing away during the length of the policy to be 0.5%. Let XX be the insurance company's profit. Answer the following questions: 1. Create the probability distribution table for XX : XX outcome profit xx ,$ P(X=x)P(X=x) fish passes away fish survives 2. Use the probability distribution table to find the following: E[X]=μX=E[X]=μX= dollars. (Round the answer to 1 decimal place.) SD[X]=σX=SD[X]=σX= dollars. (Round the answer to 1 decimal place.)
Answer 1&2 plz
Solve the following problems. 1. A bakeshop owner determines the number of boxes of hopia that are delivered each day. Find the mean of the probability distribution shown. Number of Boxes (X) Probability P (X) 35 0.10 36 0.20 37 0.30 38 0.30 39 0.10 2. The probabilities that a surgeon operates on 3, 4, 5, 6, or 7 patients in any day are 0.10, 0.20, 0.15, 0.30 and 0.25, respectively. Find the mean of the probability distribution using the formula. 3. Suppose your wallet contains ten P20 bills, five P50 bills, three P100 bills, one P500 bill, and one P1000 bill. Find the u of this distribution and interpret the result.
Megan has purchased the insurance policy from an insurance company to cover the value of hers new car in case if it gets totaled for the price of $1500 per year. Megan's car worth $20000 and the probability of her totaling the car during the length of the policy is estimated to be 0.4%. Let XX be the insurance company's profit. Answer the following questions: 1. Create the probability distribution table for XX : XX outcome profit xx ,$ P(X=x)P(X=x) car is totaled car is not totaled 2. Use the probability distribution table to find the following: E[X]=μX=E[X]=μX= dollars. (Round the answer to 1 decimal place.) SD[X]=σX=SD[X]=σX= dollars. (Round the answer to 1 decimal place.)

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