Example 8 : It has been found that 2% of the tools produced by a certain machine aredefective. What is the probability that in a shipment of 400 such tools(a) 3% or more

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Answered: Example 8 : It has been found that 2%…

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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An insurance company has written 50 policies for $125,000, 100 policies for $30,000, and 250 policies for $10,000 for people of age 20. If experience shows that the probability that a person will die at age 20 is 0.0012, how much can the company expect to pay out during the year the policies were written?
ll 36 l 12% 7 15:04 4G .. Question One: (a) If 4 balanced coins are tossed simultaneously (or 1 balanced coin is tossed 4 times), compute the entire probability distribution and plot it. (b) Compute and plot the probability distribution for a sample of 5 items taken at random from a production process known to produce 30% defective items.
2
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WFC Average St. Dev. Min 0.65% 10.26% -28.99% Мах 27.51% 25. Based on the table above, what is the probability of losing -7% or more for WFC? A. 0.07 B. 0.14 C. 0,23 D. 0.29 %3D E. 0.31 26. If you have $200,000 invested in WFC, what is the dollar value of VaR of losing -7% or more? A. $14,000 B. $28,000 C. $46,000 D. $58,000 E. $62,000 27. Based on the table above, there is 30% chance that your losses for WFC will be greater than A. -0,30% B. 2.15% C. 4.73% D. 7% E. -14% 28. Based on the table above, there is 30% chance that your dollar losses for WFC will be greater than if you have $200,000 invested in ti? A. -S600 B. $4,300 C. -$9,460 D. -$14,000 E. S28,000
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The personnel director of Gadget Manufacturing Company has compiled the following table, which shows the percent of men and women employees who were absent the indicated number of days. Suppose there are as many women as men employees. Sex Absences (Days) Men Women 0 20% 20% 1–5 40% 20% 6–10 40% 20% 11 or more 0% 40% Total 100% 100% (a) Find the probability that an employee missed 6–10 days, given that the employee is a woman. (Enter your probability as a fraction.)(b) Find the probability that an employee is a woman, given that the employee missed 6–10 days. (Enter your probability as a fraction.)

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Example 8 : It has been found that 2% of the tools produced by a certain machine are defective. What is the probability that in a shipment of 400 such tools (a) 3% or more