First, decide whether the distribution is a discrete probability distribution, then select the reason for making this decision.DecideⒸ Yes NoReason○ Since the probabilities lie inclusively between 0 and 1 and the sum of the probabilities is equal to 1.○ Since at least one of the probability values is greater than 1 or less than 0.○ Since the sum of the probabilities is not equal to 1.Since the sum of the probabilities is equal to 1.○ Since the probabilities lie inclusively between 0 and 1. -4-3-2Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not.xP(X= x)143818

Step 1: Step 2: Step 3: Step 4:

Answered: First, decide whether the distribution…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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aaaaaa A soft drink machine outputs a mean of 27 ounces per cup. The machine's output is normally distributed with a standard deviation of 3 ounces. What is the probability of filling a cup between 21 and 30 ounces? Round your answer to four decimal places.
Refer to Table 3.10.What is the joint probability of “low income” and “regular”?
6 Company “X Star" supplies electronic devices. Probability of purchasing a defective device is 0.3. Mr. Chang has purchased two devices. (a) What is the probability that at least one device purchased by Mr. Chang is good? (b) What is the probability that at least one device purchased by Mr. Chang is defective?
The probabilities of X, Y and Z becoming managers are 4/9, 2/9 and 1/3 respectively. The probabilities that the Bonus Scheme will be introduced if X, Y and Z becomes managers are 3/10, 1/2, and 4/5 respectively. (i) What is the probability that Bonus Scheme will be introduced, and (ii) if the Bonus Scheme has been introduced, what is the probability that the manager appointed was X ?
The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors isas follows. x f(x) 0 0.001 1 0.007 2 0.034 3 0.099 4 0.188 5 6 0.220 7 0.136 8 0.055 9 0.015 10 0.001 17 The probability that 5 automobiles will be sold is,a 0.232b 0.244c 0.257d 0.271
Explanation sir and tees ams
21 Los Angeles averages 266.5 sunny days per year. What is probability that Boston has at least as many sunny days as Los Angeles? a 0.0020 b 0.0031 c 0.0047 d 0.0073
1
1 A car dealer has established that 40% of his potential customers prefer single cab cars while 60% prefer double cab cars. From a recent survey among his existing clients, he obtained additional information which indicates that 15% of clients who bought single cab cars prefer air conditioning while 65% of clients who bought double cars prefer air conditioning.Required:a) What is the probability that a client who bought a single cab does not prefer air conditioning? (5)b) What is the probability that a client prefers a double cab with air conditioning?
themepans i max Task 3: During the last 10 years, a corporation's net profit increased year over year 6 times and decreased year over babive969 with characteristicsmber of annual earnings increases for the next 10 years is modelled in 4 times. Assume that the accordance with quote of the binomial distribution. Estimate the probability that the corporation's net profit will increase in exactly 4 of the next 10 years. tot twee monteutimut ethomi smo bsd-.2.U A :clesT Diswiot brs toqe ert tuods noitsmotnleysb 08 ni utimut to insmqinle 6 101 000,000,83 vsqof ever lliw 2.0 woled nevig ai 29161 (AU3 8.0 ataoo 020) 008.0 02U AU3 eer.o 020 A03 9161 toqe tre etsi biswiot ysb-08
month. 3. Ministry of Education marked research found that 40% of Liberians do not think having a college education is important to living a better life. If a random sample of five Liberia is selected, find the probabilities: (a.) Exactly two people will agree with that statement. (b.) At least two people will agree. (c.) Fewer than three people will agree. atore
(21).

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