Illustration 16.16. Suppose that a day's production schedule callkfor 9000 items. Three machine each with a daily production capacitof 4000 are available and the probability that an item is defective is i2 and 4 percent for machines A, B and C respectively. On a given day4000 items were produced on machine A, 4000 on B and 1000 on C.One item is selected at random and found defective. What is the prob-ability that it was produced on machine A.CS Scanned with CamScanner

Answered: Image /qna-images/answer/50bd47fb-8c3a-49f6-911f-4ce8c2d31371.jpg

Answered: Illustration 16.16. Suppose that a…

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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Hertz has a line of luxary cars named the 'Prestige Collection'. They have 10 cars in their fleet and accept 11 reservations each day. On a given day, 5 cars are already rented (thus not available for reserveration). The probability of a customer not arriving to get their reserved Prestige car is a 46% chance. Overbooking and underbooking both will lead to non-optimal resourse usage for Hertz. Round to 4 decimal places, as needed. Find the probability that Hertz has to turn away customers because they overbooked. Find the probability that Hertz has cars left on the lot because they underbooked. Where X is the distribution of demand for cars, and x is the number of successful reservations filled, what formal notation represents overbooking? P (X > x) P (X < x) P (X = x)
with solutions rounded off at 3 decimal places
If the probability of a new employee in a fast-food chain still being with the company at the end of the year is 0.7, what is the probability that out of 8 newly hired people (A) 5 will still be with the company after 1 year? (B) 5 or more will still be with the company after 1 year? Round each of the calculations to three decimal places when going through the solution process.
Please solve 13
8.
2. Accidentally a Scientist discovered "Sesame" during his research and he observed that 12.0 quintals per acre yield can be expected by sowing the seeds. To verify his expectation, he put request to 10 farmers who are nearby his research center and they agreed. Seeds were sowed and the yield came after few months. The yields (quintals/acre) were recorded as 14.3, 12.6, 13.7, 10.9, 13.7, 12.0, 11.4, 12.0, 12.6, 13.1. Do the results confirm the expectation with 95% confidence?
Suppose we begin with a population of normally distributed values with mean zero and S.D. = 1 and we add a positive number k to every value. If a value is randomly selected from this population, find the probability that it is greater than k + 1.
1. ABC inc. stock is currently selling for $30, one year from today the stock price can either increase by 20% or decrease by 15%. The probability of an increase in the stock price is equal to 0.3. The one-year risk-free rate is 5% What is the value of a European put that expires in one year with an exercise price of $24. 2. Graphically, show the value and the profit and loss of the following butterfly position: Long in a call with an exercise price of $30, short in 2 calls with an exercise price of $45, and long in a call with an exercise price of 60. All calls are written on the same stock and have the same maturity. 3. "Early exercise of an American option on a stock that does not pay any dividend is not optimal regardless of whether the option is a Call or a Put". True, False, or Uncertain. Explain.
18.
5. Assume the below life table was constructed from following individuals who were diagnosed with a slow-progressing form of prostate cancer and decided not to receive treatment of any form. Calculate the survival probability at year 2 using the Kaplan-Meir approach and interpret the results. Time in Years Number at Risk, Nt Number of Deaths, Dt Number Censored, Ct Survival Probability 0 20 1 1 20 3 2 17 1 3 16 2 1 The probability of surviving 2 years after being diagnosed with a slow-progressing form of prostate cancer is .85. The probability of surviving 2 years after being diagnosed with a slow-progressing form of prostate cancer is .85 for the individuals being followed in this study. The probability of surviving 2 years after being diagnosed with a slow-progressing form of prostate cancer is .85 for individuals who decided against all forms of treatment. The probability of surviving 2 years after…
Suppose 50% of the registered voters in a country are Republican if a sample of 598 voters is selected what is the probability that the simple proportion of republicans will be greater than 47% round your answer to 4 decimal places
4. Assume the below life table was constructed from following individuals who were diagnosed with a slow-progressing form of prostate cancer and decided not to receive treatment of any form. Calculate the survival probability at year 1 using the Kaplan-Meir approach and interpret the results. Time in years Number at risk Nt Number of deaths, Dt Number of censored Ct Survival Probability 0 20 1 1 20 3 2 17 1 3 16 2 1 A) The probability of surviving 1 year after being diagnosed with a slow-progressing form of prostate cancer is .85.B) The probability of surviving 1 year after being diagnosed with a slow-progressing form of prostate cancer is .85 for the individuals being followed in this study.C) The probability of surviving 1 year after being diagnosed with a slow-progressing form of prostate cancer is .85 for individuals who decided against all forms of treatment.D) The probability of surviving 1 year after being diagnosed with a slow-progressing form of…

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