Assume a Poisson distribution. Find the following probabilities.a. Let λ = 6.0, find P(X > 3).b. Let λ = 0.6, find P(X ≤ 1).c. Let λ = 6.0, find P(X ≤ 2).d. Let λ = 3.7, find P(X≥ 1).e. Let λ = 5.3, find P(X ≤2).a. When λ = 6.0, P(X≥ 3) =(Round to three decimal places as needed.)b. When λ = 0.6, P(X ≤1)=(Round to three decimal places as needed.)c. When λ = 6.0, P(X ≤ 2) =(Round to three decimal places as needed.)d. When λ = 3.7, P(X> 1) =(Round to three decimal places as needed.)e. When λ = 5.3, P(X ≤2)=(Round to three decimal places as needed.)

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Answered: Assume a Poisson distribution. Find the…

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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Suppose that you enter a fantasy baseball league. Suppose that the 2021 team budget, say , is randomly drawn from a uniform distribution on the interval , where the unit is U.S. million dollars. In addition, suppose that after the value has been observed , the 2022 team budget, say , is randomly drawn from a uniform distribution on the interval . In other words, the 2022 budget is at most as large as the 2021 budget. a) For any given value of x(50<x<350), obtain E[Y|X=x] b) In view of part (a), obtain E[Y|X] c) Atlanta Braves won the 2021 World Series title. Their estimated 2022 payroll is about $130 million. Would your 2022 fantasy baseball budget be on average larger than their 2022 payroll? Explain briefly.

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