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- The number of major snowstorms (that shut down businesses) has a Poisson distribution with rate 0.4 per month Hom January through March. A restaurant buys an insurance policy to insure against losses. The policy pays nothing for the first major snowstorm that occurs in January through March, but pays $2,000 for every major snowstorm thereafter for that period up to $6.000. a) Find the probability there are 4 or more snow storms during the 3-month period. b) Find the expected amount paid by the policy during the 3-month period.Solve it correctlyThe table gives the joint probability distribution of the number of sports an individual plays (X) and the number of times she may get injured while playing (1) X=3 0.15 0.06 0.15 0.02 Y=4 Y=3 Y=2 Y=1 X=1 0.12 0.05 0.10 0.15 The covariance between X and Y. xy.is (Round your answer to two decimal places. Enter a minus sign if your answer is negative.) The correlation between X and Y, con(X, Y), is (Round your answer to two decimal places. Enter a minus sign if your answer is negative) An increase in the number of sports an individual plays will tend to X=2 0.08 0.05 0.03 0.04 the number of times she may get injured while playing
- The reliability of an estimator is assessed in terms of its _____. Select one: a. mean b. ease of computation c. coefficient of variation d. variancell by adding 5 to each of the numbers in the set 3.6 117 7 1 we obtain the set 8, 116, 12, 10 Show that the two sets have the standard deviation Same deviation but different means How are the mean related ?18. An insurance agent has claimed that the average age of policy-holders who insure through him is less than the average for all agents, which is 30-5 years. A random sample of 100 policy-holders who had insured through him gave the following age distribution : Age last birthday 16-20 21-25 26-30 31-35 36-40 No. of persons 12 22 20 30 16 : Calculate the arithmetic mean and standard deviation of this distribution and use these values to test his claim at the 5% level of significance. You are given that Z (1-645) = (0-95.
- 3. For the standardized normal distribution, the following probabilities is ? (1.26 < Z < 1.63) = a) P(Z = 1.63) – P(Z = 1.26) b) P(Z = 1.63) + P(Z = 1.26) %3D %3D c) 0.5 – P(z= 1.63) d) b & c.probability and random variable Haider Ali AL-Saidi EXomfle CH-o): let X aned Y are C.g.Vs with joint →くれく4 →にすIf the estimator is consistent and the asymptotic variance is smaller than all other consistent estimators of then Ô is asymptotic efficient. O True FalseI have a poisson distribution with a mean of 4. What is the standard deviation?The following table shows the results of a survey conducted by Impulse Research for the Downtown Cookie Company. In the survey, 1050 adults were asked to identify their favorite cookie. a. b. Favorite Cookie Chocolate chip Peanut butter Oatmeal Sugar/shortbread Other Total Frequency 483 231 147 126 63 1050 Determine the probability distribution. What is the probability of selecting a person whose favorite cookie was chocolate chip? C. What is the probability of selecting a person whose favorite cookie was not chocolate chip? d. What is the probability of selecting a person whose favorite cookie was chocolate chip or a person whose favorite cookie was peanut butter?Fiting a straight ine to a set of data yields the following predicion line. Complete (a) through (e) below a. Interpret the meaning of the Yintercept, Choose the correct anower below O A. The Yintercept, be =4, imples that the average value of Yis 4. OB. The Yintercept, b7, implies that when the value of Xs0, the mean value of Yis 7 OC. The Yantercept, by4, implies that tor each increase of 1 unt in X, the value ofYa expected to increase by 4 unts •D. The Yintercept, 4, implies that when the value of Xis 0, the mean value of Y is 4 b. Interpret the meaning of the slope, b Choose the comect answer below OA The slope, by4, implies that for each increase of 1 unit in X, the value of Yis expected to increase by 4 units OB. The slope, by =7, implies that the average value of Y is 7. O C. The slope, b,=7, imples that for each increase of 1 unit in X, the value of Y is expected to increase by 7 units %3D OD. The slope, b,7, implies that for each increase of 1 unit in X, the value of Yis…SEE MORE QUESTIONS