A randomly selected realtor's monthly commission (in thousands) can be estimated by a random variable that follows F-distribution with parameters (14,4). Let X be the monthly commission of a randomly selected realtor. 1. Describe the distribution of X: X-F ✓✓(dfn=14dfd-4 2. Use the random variable notation to express symbolically each of the following: P(X<7.9) The probability of an event in which the monthly commission (in thousands) of a randomly selected realtor is less than 7.9. X<7.1 An event in which the monthly commission (in thousands) of a randomly selected realtor is less than 7.1. P(X<13.1)=0.99 The probability of an event in which the monthly commission (in thousands) of a randomly selected realtor is less than 13.1 is equal to 0.99. 3. Use technology to find the probability that the monthly commission (in thousands) of a randomly selected realtor is:
A randomly selected realtor's monthly commission (in thousands) can be estimated by a random variable that follows F-distribution with parameters (14,4). Let X be the monthly commission of a randomly selected realtor. 1. Describe the distribution of X: X-F ✓✓(dfn=14dfd-4 2. Use the random variable notation to express symbolically each of the following: P(X<7.9) The probability of an event in which the monthly commission (in thousands) of a randomly selected realtor is less than 7.9. X<7.1 An event in which the monthly commission (in thousands) of a randomly selected realtor is less than 7.1. P(X<13.1)=0.99 The probability of an event in which the monthly commission (in thousands) of a randomly selected realtor is less than 13.1 is equal to 0.99. 3. Use technology to find the probability that the monthly commission (in thousands) of a randomly selected realtor is:
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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