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Calculating Probability • Calculate probability in Stata for a variable following a Binomial distribution with 7 weeks (n = 7) and a 50% probability of the $US rising against the $CAN in any week (p = 0.5) Calculate the probability of at least 4 weeks with $US rising against the $CAN P(X > 4) Calculate the probability of exactly 7 weeks with $US rising against the $CAN P(X = 7) Calculate the probability of between 3 and 5 weeks with $US rising against the $CAN P(3 < X < 5)

Calculating Probability • Calculate probability in Stata for a variable following a Binomial distribution with 7 weeks (n = 7) and a 50% probability of the $US rising against the $CAN in any week (p = 0.5) Calculate the probability of at least 4 weeks with $US rising against the $CAN P(X > 4) Calculate the probability of exactly 7 weeks with $US rising against the $CAN P(X = 7) Calculate the probability of between 3 and 5 weeks with $US rising against the $CAN P(3 < X < 5)

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Calculating Probability • Calculate probability in Stata for a variable following a Binomial distribution with 7 weeks (n = 7) and a 50% probability of the $US rising against the $CAN in any week (p = 0.5) Calculate the probability of at least 4 weeks with $US rising against the $CAN P(X > 4) Calculate the probability of exactly 7 weeks with $US rising against the $CAN P(X = 7) Calculate the probability of between 3 and 5 weeks with $US rising against the $CAN P(3 < X < 5)
Transcribed Image Text:Calculating Probability • Calculate probability in Stata for a variable following a Binomial distribution with 7 weeks (n = 7) and a 50% probability of the $US rising against the $CAN in any week (p = 0.5) Calculate the probability of at least 4 weeks with $US rising against the $CAN P(X > 4) Calculate the probability of exactly 7 weeks with $US rising against the $CAN P(X = 7) Calculate the probability of between 3 and 5 weeks with $US rising against the $CAN P(3 < X < 5)
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