55% of people in the US are worried that inflation will increase next year. In a random sample of 9 people, what is the probability that: 1)At most 7 people worry that inflation will increase next year? 2)More than 6 worry that inflation will increase next year? 3)At least 6 worry that inflation will increase next year? 4)For x= 0 to 9, determine the probabilities of the event and find the mean, variance and standard deviation of peope in the US worrying that inflation would increase in 2024 x 0 1 2 3 4 5 6 7 8 9

The objective of this question is to calculate the probabilities of different scenarios regarding…

Answered: 55% of people in the US are worried…

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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55% of people in the US are worried that inflation will increase next year.
In a random sample of 9 people, what is the probability that:
1)	At most 7 people worry that inflation will increase next year?
2)	More than 6 worry that inflation will increase next year?
3)	At least 6 worry that inflation will increase next year?
4)	For x= 0 to 9, determine the probabilities of the event and find the mean, variance and standard
	deviation of peope in the US worrying that inflation would increase in 2024

x
0
1
2
3
4
5
6
7
8
9

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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