Calls reaching a telephone exchange over the past year average 20 per minute. What is the probability that between 19 and 22 calls are received during a randomly selected one-minute period? (a) State which probability distribution applies to the question above. (b) Define the variable of interest and the possible values of the variable. (c) Find the required probability.
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- Saved The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $17 and $32 per share What is the probability that the stock price will be: a. More than $26? (Round your answer to 4 decimal places.) Probability b. Less than or equal to $25? (Round your answer to 4 decimal places.) Probability Next 1 of 10Find the probability and interpret the results. If convenient, use technology to find the probability. The population mean annual salary for environmental compliance specialists is about $61,500. A random sample of 41 specialists is drawn from this population. What is the probability that the mean salary of the sample is less than $59,000? Assume a= $6,000. *.... The probability that the mean salary of the sample is less than $59,000 is (Round to four decimal places as needed.) Enter your answer in the answer box and then click Check Answer. Get More Help- Clear All Check Answer HIEshift ↑ ctri otop Insurance: An insurance company sells a 1-year term life insurance policy to an 76-year-old woman. The woman pays a premium of $3600. If she dies within 1 year, the company will pay $90,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 76-year-old woman will be alive 1 year later is 0.9605. Let X be the profit made by the insurance company. AMD AS ocessor tab caps lock Part: 0/2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is esc It ➜ fn X P(x) n Skip Part ! power. ching design. Type here to search. " 7 n 3600 E Stay connected and entertained 2 Q A Check # Z @ hp ta 2 # W * 3 VILE E S X X 5 alt $ 4 R % DF с 5 T V 10 G 6 # & B Y 99. 7 a hp H 4+ N #3 8 Save For Later © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use S A O ( 9 JUDO J M Fo > O KL ' P { alt [ Submit Assignment Privacy Center Accessibility 9:23 PM AODE 40 2/21/202 ? = insert L . 1 prt sc 9 pause ctri M…
- On-Time Airplane Arrivals The Chicago airport ranked 6 in major U.S. airports in on-time arrivals in the last quarter of 2008 with an 81.9% on-time rate. Choose 5 arrivals at random and find the probability that at least 1 was not on time. Please round the final answer to 2 or 3 decimal places. P(at least 1 was not on time)=Insurance: An insurance company sells a 1-year term life insurance policy to an 81-year-old man. The man pays a premium of $4900. If he dies within 1 year, the company will pay $79,000 to his beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 81-year-old man will be alive 1 year later is 0.9381. Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is 4900 P(x)Insurance: An insurance company sells a 1 -year term life insurance policy to an 85 -year-old woman. The woman pays a premium of $2300 . If she dies within 1 year, the company will pay $62,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 85 -year-old woman will be alive 1 year later is 0.9645 . Let X be the profit made by the insurance company.
- K The best player on a baseball team has a 0.482 batting average. If all other factors are ignored, what is the probability that if the player comes to bat eight times he gets exactly five hits in today's game? The probability that the player gets exactly five hits is (Round to the four decimal places as needed.)Insurance: An insurance company sells a 1-year term life insurance policy to an 80-year-old man. The man pays a premium of $1200. If he dies within 1 year, the company will pay $21,000 to his beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 80-year-old man will be alive 1 year later is 0.9437. Let X be the profit made by the insurance company. Part: 0 / 2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is 1200 P(x)Apply formulas, no wordings.
- You are appearing at 6 consecutive exams. Probability for you to pass each of the exam, p = 4/5. Once you pass an exam, there is no need to sit for the rest. What is the probability that you pass having sat for all 6 exams?Insurance: An insurance company sells a 1 -year term life insurance policy to an 85 -year-old woman. The woman pays a premium of $2300 . If she dies within 1 year, the company will pay $62,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 85 -year-old woman will be alive 1 year later is 0.9645 . Let X be the profit made by the insurance company. Part: 0 / 2 0 of 2 Parts Complete Part 1 of 2 (a) Find the probability distribution.The probability distribution is x 2300 PxInsurance: An insurance company sells a 1-year term life insurance policy to an 79-year-old woman. The woman pays a premium of $1800. If she dies within 1 year, the company will pay $39,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 79-year-old woman will be alive 1 year later is 0.9561. Let X be the profit made by the insurance company. Part 1 of 2 (a) Find the probability distribution. The probability distribution is X -37200 1800 P(x) 0.0439 0.9561 Alternate Answer: X P(x) Part: 1 / 2 Part 2 of 2 - 37,200 1800 0.0439 0.9561 (b) Find the expected value of the profit. Expected value of the profit is S X 00