5. Let the random variable X be the number of days that a certain patient needs to be in thehospital. Suppose X has the pmf f(x) = 5x, , x = 1,2,3,4. If the patient is to receive $200 from10an insurance company for each of the first two days in the hospital and $100 for each day afterthe first two days, what is the expected payment for the hospitalization?

Let x be the number of days that a patient needs to be in the hospital.Its PMF is given byConsider…

Answered: 5. Let the random variable X be the…

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

Many people believe that the daily change in price of a company's stock in the stock market is a random variable with mean 0 and variance o² during the middle 2 months between 2 earning report dates when there is not much news released. That is, if Yn represents the closing price of the stock on the nth trading day of that period, then Yn = Yn-1+Xn, for 1 ≤ n ≤ 60, where X₁, X2,..., X60 are independent and identically distributed random variables with mean 0 and variance o². Suppose that the stock price at the beginning of the 2-month period is 100. If o = 2, what is the approximate probability that the stock's closing price on the 30th trading day will exceed 110, i.e., what is P(Y30 > 110)
4. Suppose that the random variable X has p.d.f. f(x) = { 1- |x – 1|, if 0 0.5. (c) Find the mean and variance of the random variable X.
9. Carboxy- hemoglobin is formed when hemoglobin is exposed to carbon monoxide. Heavy smokers tend to have a high percentage of carboxyhemoglobin in their blood (Reference: A Manual of Laboratory and Diagnostic Tests by F. Fischbach). Let x be a random variable rep- resenting percentage of carboxyhemoglobin in the blood. For a person who is a regular heavy smoker, x has a distribution that is approximately normal. A random sample of n-12 blood tests given to a heavy smoker gave the following results (percentage of carboxyhemoglobin in the blood): 9.1 9.5 10.2 9.8 11.3 12.2 11.6 10.3 8.9 9.7 13.4 9.9 Where = 10.49 and s = 1.36. A long-term population mean u -10% is considered a health risk. However, a long- term population mean above 10% is considered a clinical alert that the person may be asymptomatic. We will investigate the claim: the data indicate that the population mean percentage is higher than 10% for this patient? Use a = 0.05. a. Find the test statistic. b. Find the critical…
4. In professor Shankar's quiz, the time taken to complete the quiz is a random variable with a pdf £x (x) = 20 = exp(-26 ) ₁ x 20² 20 1₂x ≥0 What is the average time for completion? If there are 50 students in the class, what is the probability that at least 20 of them will complete the quiz in less than the average? What is the probability that exactly 35 students complete within the average time.
4. The battery life of a fully charge iPhone 13 Pro on a standby follows a normally distributed with mean 7 hour and variance o² fl = 1 hours. = (a) Write out the integral form of the probability that a fully-charged iPhone 13 Pro last between 7 and 9 hours on standby. then use the pnorm function in R to find this probability. (b) What is the probability that a fully-charged iPhone 13 Pro last less than 5 hours? (c) What is the probability that a fully-charged iPhone 13 Pro last more than 9 hours? (d) What is the minimum time a fully-charged iPhone 13 Pro need to last in order to be in the top 10% best quality?
What is the probability that the total of two randomly chosen numbers exceeds 3, where the first number is chosen from a uniform distribution between 0 and 2, and the second number is selected from an exponential distribution with a mean of 1?
Suppose X is a random variable of uniform distribution between 1 and 7. Find E(X)
If the random variable X as a mean of u and a variance of o2 what is the P((X-u)² < 20): O less that equal to 1/4 O greater than or equal to 3/4 cannot tell O equal to 5/4
23. *An insurance policy pays an individual 100 per day for up to 3 days of hospitalization and 25 per day for each day of hospitalization thereafter. The number of days of hospitalization, X, is a discrete random variable with probability function Pr(X = k) = (1/15)(6 – k), k = 1, 2, 3, 4, 5. Calculate the expected payment for hospitalization under this policy. (213.3)
9. This is a simplified inventory problem. Suppose that it costs c dollars to stock anitem and that the item sells for s dollars. Suppose that the number of items thatwill be asked for by customers is a random variable with the frequency functionp(k). Find a rule for the number of items that should be stocked in order tomaximize the expected income. (Hint: Consider the difference of successiveterms.)
Suppose the lifespan (in months) of a smartphone battery can be modeled as a continuous random variable with CDF F(x) = 1 − e-x/3 x ≥ 0 What is the probability that the battery lasts between 12 to 15 months?
2. Cytomegalovirus (CMV) is a (generally benign) virus that infects one – half of young adults. If a random sample of 10 young adults is taken, find the probability that between 30% and 40% (inclusive) of those sampled will have CMV. Use the normal approximation with the continuity correction.

SEE MORE QUESTIONS

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