7.40% of consumers believe that cash will be obsolete in the next 20 years based on a survey by J.P. Morgan Chase.Eight consumers are randomly selected and the number who believe cash will be obsolete is recorded.X012345678P(x)0.0170.0900.2090.1240.0410.0080.001Fill in the missing values from the table and identify each of the following characteristics used to construct thedistribution:n=p=Discuss the three characteristics of the distribution.Shape:Center:Spread:Find the probability that exactly 4 people believe that cash will be obsolete.Find the probability that between 3 and 7 people believe that cash will be obsolete.Find the probability that at most 3 people believe that cash will be obsolete.x=

Calculate the missing value from the table: Formula P(X = k) = (n choose k) * p^k * (1-p)^(n-k)…

Answered: 7. 40% of consumers believe that cash…

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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Click the icon to view the table of Chi-Square critical values. Construct a 90% confidence interval for the population standard deviation a at Bank A. 0.40 min
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The values listed below are waiting times (in minutes) of customers at two different banks. At Bank A, customers enter a single waiting line that feeds three teller windows. At Bank B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.5 6.6 6.7 6.8 7.1 7.2 7.4 7.8 7.8 7.8 Bank B 4.1 5.3 5.9 6.2 6.7 7.6 7.6 8.6 9.2 10.0 A. Construct a 90%confidence interval for the population standard deviation σ at Bank A _____min <o Bank A < ______min…
The values listed below are waiting times (in minutes) of customers at two different banks. At Bank A, customers enter a single waiting line that feeds three teller windows. At Bank B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.4 6.6 6.7 6.8 7.1 7.3 7.5 7.7 7.7 7.7 Bank B 4.2 5.5 5.7 6.2 6.7 7.8 7.8 8.5 9.3 10.0 Click the icon to view the table of Chi-Square critical values. Construct a 95% confidence interval for the population standard deviation o at Bank A. min< OBank A min (Round two decimal places as needed.) Construct a 95% confidence interval for the population standard deviation o at Bank B. min < OBank B < min (Round to two decimal places as needed.) Interpret the results found in the previous parts. Do the confidence intervals suggest a difference in the variation among waiting times? Does the single-line system or the multiple-line system seem to be a better arrangement? O A. The…
The values listed below are waiting times (in minutes) of customers at two different banks. At Bank A, customers enter a single waiting line that feeds three teller windows. At Bank B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.4 6.6 6.7 6.8 7.1 7.3 7.6 7.9 7.9 7.9 Bank B 4.2 5.4 5.8 6.2 6.7 7.6 7.6 8.5 9.2 10.0 Click the icon to view the table of Chi-Square critical values. Construct a 99% confidence interval for the population standard deviation o at Bank A. min < OBank A min (Round to two decimal places as needed.)
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The values listed below are waiting times (in minutes) of customers at two different banks. At Bank A, customers enter a single waiting line that feeds three teller windows. At Bank B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.3 6.6 6.7 6.8 7.1 7.3 7.5 7.8 7.8 7.8 Bank B 4.2 5.5 5.9 6.3 6.7 7.7 7.7 8.5 9.3 10.0 Click the icon to view the table of Chi-Square critical values. Construct a 90% confidence interval for the population standard deviation o at Bank A. 7:6

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