[Discrete Random Variables] According to an agreement between a smartphone producer and aretail company, the former delivers a large batch of smartphones of some given model. The retailcompany applies a quality check by randomly selecting 100 smartphones from the batch, and, if 3or more of these smartphones are found defected, the entire batch is rejected. Suppose a historicaldefect rate for this type of smartphones is p = 0.005. Derive (and compute) the probability thatthe batch is not rejected(a) using an exact approach with the Binomial distribution;(b) using an approximation with the Poisson distribution.

In this case, each of the smartphones has the only option of "being defective" (defined as success)…

Answered: [Discrete Random Variables] According…

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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The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America. Suppose that James is an economist who collects a simple random sample of the total taxable earnings of workers in 52 American counties during the third quarter of 2016. According to the QCEW, the true population mean and standard deviation of taxable earnings, in millions of dollars, by county are μ=28.29 and σ=33.493, respectively. Let ?X be the total taxable earnings, in millions, of all wage earners in a county. The mean total taxable earnings of all wage earners in a county across all the counties in James' sample is x¯. Use the central limit theorem (CLT) to determine the probability ? that the mean taxable wages in James' sample of 52 counties will be less than $29…
Given n independent policyholders with individual loss random variables X1, X2, ., Xn, such that the expected value of any policyholder's loss is pph and the variance is o. If the insurer is providing these n policyholders with insurance, find the following (the detailed steps are required): 1. The expected value of the insurer's average loss per policy; 2. The variance of the average loss per policy.
A researcher studying public opinion of proposed Social Security changes obtains a simple random sample of 25 adult Americans and asks them whether or not support the proposed changes . To say that the distribution of the sample proportion of adults who respond yes, is approximately normal , how many more adult Americans does the researcher need to sample in the following cases? (a) 15% of all adult Americans support the changes (b) 20% of all adult Americans support the changes
A researcher studying public opinion of proposed Social Security changes obtains a simple random sample of 25 adult Americans and asks them whether or not they support the proposed changes. To say that the distribution of the sample proportion of adults who respond yes, is approximately normal, how many more adult Americans does the researcher need to sample in the following cases? (a) 20% of all adult Americans support the changes(b) 25% of all adult Americans support the changes(a) The researcher must ask _____more American adults. (Round up to the nearest integer.)
A researcher selects a sample from a population with a mean of 50 and administers a treatment to the individuals in the sample. If the treatment is expected to decrease scores, what is the correct statement for the alternative hypothesis for a one tailed test
According to the 2000 U.S. Census Bureau, in 2000, 9.5 percent of children in the state of Ohio were not covered by private or government health insurance. In the neighboring state of Pennsylvania, 4.9 percent of children were not covered by health insurance. Assume that these proportions are parameters for the child populations of the respective states. If a random sample of size 100 children is drawn from the Ohio population, and an independent random sample of size 120 is drawn from the Pennsylvania population, what is the probability that the samples would yield a difference, ^p1 - ^p2 of .09 or more?
Two coins are selected at random from a pocket that contains 1 nickel and 4 quarters. Let the random variable X equal the total value (in cents) of the 2 selected coins. Note: Use 5, 10 or 25 as the values of the coins -- not 0.05, 0.10 or 0.25. Find the expected value of X.
The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America. Suppose that James is an economist who collects a simple random sample of the total taxable earnings of workers in 56 American counties during the third quarter of 2016. According to the QCEW, the true population mean and standard deviation of taxable earnings, in millions of dollars, by county are ?=28.29 and ?=33.493 , respectively. Let ? be the total taxable earnings, in millions, of all wage earners in a county. The mean total taxable earnings of all wage earners in a county across all the counties in James' sample is ?⎯⎯⎯ . Use the central limit theorem (CLT) to determine the probability ? that the mean taxable wages in James' sample of 56 counties will be less than…

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