Ahmed has bought a smart TV from Samsung Company at a cost of 350OMR. He has the option of buying an extended service warranty offering 3years of coverage for 30 0MR. After talking to friends and reading reports,Ahmed believes the probabilities of following maintenance expenses couldbe incurred during the next 3 years.Expense(inOMR)0.| 1020304050Probability 0.350.250.150.080.05a- Find the value of ab- Find E(3x +5)2 C- Find V(2x - 8)

Answered: Image /qna-images/answer/0910439d-23ea-41f3-bd95-80adafa16f26.jpg

Answered: Ahmed has bought a smart TV from…

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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Similar questions

State the frequentist interpretation of probability.
A certain disease has an incidence rate of 0.1%. If the false negative rate is 7% and the false positive rate is 3%, compute the probability that a person who tests positive actually has the disease.
If there is a 10% chance it will rain each day for the next week, what is the probability that it will rain at least once?
Dash and Lily Corporation wanted to raise funds for the poor. The first prize for a raffle is S500,000 (with a probability of 0.001) and the second prize is S250,000 (with a probability of0.003). What is a fair price to pay for a single ticket in this raffle?
If the probability of one event occurring is 1/4 and the probability of another event occurring is 1/10, what is the probability that both events will occur?
Diet Dr.Pepper is going old school and putting a "Free DP" notification under 10% of their 20-oz bottle caps. If I purchase a 6-pack of 20-oz bottles, what is the probability that I win at least two free drpeppers?
If the probability of rain tomorrow is 65%, what is the probability that it will not rain tomorrow?
The annual premium for a $20,000 insurance policy against the theft of a painting is $300. If the probability that the painting will be stolen during the year is 0.02, what is your expected return from the insurance company if you take out this insurance? Upload your answer with your work and explanations here
A daycare provider has determined that 80% of the children in her care develop colds each winter. This year there are 40 children at the daycare. What is the probability that fewer than 30 children will develops colds this winter? Please explain. Options A. 0.2148 B. 0.2852 C. 0.5704 D. 0.4297
A certain disease has an incidence rate of 0.7%. If the false negative rate is 8% and the false positive rate is 4%, compute the probability that a person who tests positive actually has the disease.
It is the beginning of September and you have been offered the following deal to go heli-skiing. If you pick the first week in January and pay for your vacation now, you can get a week of heli-skiing for $2,900. However, if you cannot ski because the helicopters cannot fly due to bad weather, there is no snow, or you get sick, you do not get a refund. There is a 30% probability that you will not be able to ski. If you wait until the last minute and go only if you know that the conditions are perfect and you are well, the vacation will cost you $4,600. You estimate that the pleasure you get from heli-skiing is worth $6,700 per week to you (if you had to pay more than that, you would choose not to go). If your cost of capital is 11% per year, should you book ahead or wait? You should because the NPV of this choice is $ book ahead wait (Round to two decimal places.)
The probability that an applicant will be approved for a mortgage is 0.15. Each applicant has the same probability of being approved and the event that they are approved are independent. What is the probability that out of three applicants, exactly two of them get approved? Enter your answer as a decimal, with three decimal places. For example, if the probability is 15.37%, enter 0.154

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