One student made a purchase from three different online retailers, A, B, and C. She paid for next dayshipping on each purchase. The probabilities of next day orders arriving on time for each retailer are0.99, 0.97, and 0.96, respectively. If purchases from different retailers arrive on time independentlyof one another, what is the probability that none of the student's purchases arrive the next day?(A) Less than 0.01(B) 0.078(C) 0.080(D) 0.922(E) Greater than 0.99

The probabilities of next day orders arriving on time for each retailer are:Retailer A: 0.99Retailer…

Answered: One student made a purchase from three…

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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You purchase a brand new car for $15,000 and insure it. The policy pays 78% of the car's value if there is an issue with the engine or 30% of the car's value if there is an issue with the speaker system. The probability of an issue with the engine is 0.009, and the probability there is an issue with the speaker system is 0.02. The premium for the policy is p. Let X be the insurance company's net gain from this policy. (a) Create a probability distribution for X, using p to represent the premium on the policy. Enter the possible values of X in ascending order from left to right. P(X) (b) Compute the minimum amount the insurance company will charge for this policy. Round your answer to the nearest cent
A door-to-door salesman expects to make a sale 21% of the time when starting the day. But making a sale increases his enthusiasm so much that the probability of a sale to the next customer is 0.32. If he makes no sale, the probability for a sale to the next customer stays at 0.21. What is the probability that he will make at least two sales with his first three visits?
The proprietor of Midland Construction Company has to decide between two projects. He estimates that the first project will yield a profit of $160,000 with a probability of 0.7 or a profit of $120,000 with a probability of 0.3; the second project will yield a profit of $220,000 with a probability of 0.6 or a profit of $70,000 with a probability of 0.4.Find the expected profit for each project. first project $ second project $ Which project should the proprietor choose if he wants to maximize his expected profit? first project second project
On cloudy days, Lucy has ramen for lunch with probability 0.4.On non-cloudy days, she has ramen with probability 0.2.There's a probability of 0.3 that it'll be cloudy tomorrow.What's the probability that she eats ramen tomorrow?
Brian, a landscape architect, submitted a bid on each of three home landscaping projects. He estimates that the probabilities of winning the bid on Project A, Project B, and Project C are 0.7, 0.5, and 0.2, respectively. Assume that the probability of winning a bid on one of the three projects is independent of winning or losing the bids on the other two projects. Find the probability that Brian will experience the following. (a) Win all three of the bids (b) Win exactly two of the bids (c) Win exactly one bid
Find P(A or B or C) for the given probabilities. P(A) = 0.34, P(B) = 0.25, P(C) = 0.16 P(A and B) = 0.11, P(A and C) = 0.03, P(B and C) = 0.07 P(A and B and C) = 0.01 P(A or B or C) =
(a) The probabilities that a customer will purchase a new car from Green, white, red or blue color are respectively 0.11, 0.14, 0.22 and 0.25. Find the probability that the new customer will not purchase car from these colors.
There is a 0.9985 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $191 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $120,000 as a death benefit. Complete parts (a) through (c) below.
A market in Boston orders oranges from Florida. The oranges are shipped to Boston from Florida by either railroad, truck, or airplane; an order can take 1, 2, 3, or 4 days to arrive in Boston once it is placed. The following probabilities have been assigned to the number of days it takes to receive an order once it is placed (referred to as lead time): Lead Time Probability 1 .20 2 .50 3 .20 4 .10 1.00 Compute the expected number of days it takes to receive an order and the standard deviation.
A door-to-door salesman expects to make a sale 14% of the time when starting the day. But making a sale increases his enthusiasm so much that the probability of a sale to the next customer is 0.39. If he makes no sale, the probability for a sale to the next customer stays at 0.14. What is the probability that he will make at least two sales with his first three visits?
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