out of 27 tickets sold, what are the mean and standard deviation for the number of people that show up to tak

Q: 1. Jason’s total wealth by 2024, including his house, will be $500,000. There is a 10% chance that a…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: expected return on this portfolio if each scenario is equally likely?

A: Given that   Portfolio's value increases by 19% during a financial boom = +0.19 Portfolio's value…

Q: normal times. It decreases by 12% during a recession. What is the expected return on this portfolio…

A: Given : We have given that a portfolio's value increase by 9%during financial boom and  decrease by…

Q: Suppose you have an experiment where trials have a 20% chance of error, and you repeat the trial 8…

A: Introduction: A random variable is an unknown variable or a function that assigns values to each of…

Q: 11.Grab Bags A convenience store has made up 20 grab bag gifts and is offering them for $2.00 a bag.…

A: There are 20 bags in all, 10 bags contain merchandise worth $1.00, 6 bags contain merchandise worth…

Q: c. What is the probability that Lynn will have more than $1 million in her retirement fund when she…

A: Given:-             c. What is the probability that Lynn will have more than $1 million in her…

Q: 2.37 Portfolio return: A portfolio's value increases by 19% during a financial boom and by 5% during…

A: It is given that a portfolio increased by 19% during a financial boom and 5% during normal times. It…

Q: 12. According to Bristol Mutual Life Insurance's mortality table, the probability that a 20-year-old…

A: Given data According to Bristol mutual life insurance's mortality table the probability that a 20…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: 5. In the "long run," what is the expected profit, or loss, per game if you pay $2 to play a game…

A: Given that, you pay $2 to play a game and receive $10 if you throw a "doubles" on a single throw of…

Q: In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been…

A:

Q: Use this scenario to answer the following question: A clinical psychologist is trying to find the…

A: The formula to compute the effect size is, η2=SSbetweenSStotal

Q: 7. A lawyer considering taking a case figures that there is a 40% chance of winning the case in…

A: Winning considered as +ve (also bringing money) Lossing considered as -ve

Q: Suppose you have an experiment where trials have a 11% chance of error, and you repeat the trial 8…

A:

Q: 2. In November 1994, Intel announced that a subtle flaw in its Pentium chip would affect I in 9…

A:

Q: The Law of large numbers states that as the number of repetitions of an experiment n increases, the…

A: The law of large numbers is one of the important principles of probability. It states that as the…

Q: 12. Suppose that there is a $5 raffle with the following prizes: 1 first prize worth $1000, two…

A: Solution : Given that : There is a $5 raffle with the following prizes: 1 first prize worth…

Q: Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the…

A: It is given that the probability of total loss of only the above water superstructure is 0.40, the…

Q: Jim is the owner of a stock with annual returns of 17.6 percent, −11.7 percent, 5.6 percent, and 9.7…

A: Here the given information is Jim is the owner of a stock with annual returns of 17.6 percent, −11.7…

Q: Consider the experiment of randomly selecting a teenager from the population of teenagers aged 14 to…

A: According to the answering guidelines, we can answer only one question at a time with 3 subparts and…

Q: ring year, speeding reported therefore that the probability of speeding being reported in an…

A:

Q: You live in an area that has a possibility of incurring a massive earthquake, so you are considering…

A: To apply Bayes' decision rule, we need to compare the expected assets after one year for two…

Q: Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove…

A:

Q: raveller bought travel insurance for a five day trip. The policy will pay a benefit 5000 for…

A: Binomial distribution has used to find out the expected benefit for this trip.

Q: Proportion of 3s 0.2 0.15 0.1 0.05 20 40 60 80 100 Frequency Probability

A: The proportion of 3 means that the number of times 3 comes in the total number of times when the…

Q: K An investment counselor calls with a hot stock tip. He believes that if the economy remains…

A: Given: If the economy remains strong, the investment  will result in a $40,000 profit with a…

Q: An insurance policy on an electrical device pays a benefit of $4800 if the device fails during the…

A:

Q: 2. Suppose Crescent Tigers are raising money for Wrestling team by selling raffle tickets worth $4…

A:

Q: Suppose economic analysts predicted that there was a 12% chance of a reduction in unemployment in…

A: Define the following events:   A: There is reduction in the unemployment in U.S B:  There is chance…

Q: P-Value approoach. 9) Smith is a weld inspector at a shipyard. He knows from keeping track of good…

A:

Q: 20.20 Life insurance. You might sell insurance to a 20-year-old friend. The probability that a man…

A:

Q: ou own your own consulting firm in Business Information Analytics. You charge $350 and hour. A…

A: Given: Sample size (n)=4Probability (p)=0.25q=1-p  =1-0.25  =0.75 X follows binomial distribution…

Q: 5. With regards to a particular gene, the percentage of genotypes AA, Aa, and aa in a particular…

A:

Q: 3. Calculating Parameters & Addressing Assumptions According to Smallbiztrends.com, 82% of small…

A: Note: "Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: 3. A student plans to go sledding on the first snow day in December. The chance of snow on any given…

A: In question, Given that a student plans to go sledding on the first snow day in December. The chance…

Q: Answer the following True or False: If the profit on a raffle ticket has an expected value of -5…

A: In general, the loss is obtained by adding the ticket cost and $5.

Q: Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the…

A: During the next five years, the probability of total loss of only the above-water superstructure…

Q: 21. 1000 raffle tickets are sold for $2 each. Three prizes of $200 and two prizes of $100 will be…

A: Cost Prize Profit(X) no. of prize p(X) 2 200 198 3 3/1000 2 100 98 2 2/1000 2 0 -2 995…

Q: 1. Of all the 16-to-20 year-old youth, 25% are enrolled in tertiary education. If a sample of 800…

A: As per guideline expert have to answer first question only.

Q: Grab Bags A craft store has 25 assorted grab bags on sale for $3.00 each. Fifteen of the bags…

A: From the provided information, Total bags = 25 15 bags contain merchandise worth $3.00. Probability…

Q: 47. A person has a yearly income of $100,000 which gives him 100 units of utility. This person has a…

A:

Q: Example 3: Alexis is selling girl scout cookies. She has kept track of the number of boxes of…

A: a) b)what is the probability that a randomly selected customer will purchase 3 boxes of cookies…