Q2. Compute the probability of a stock-out for the order quantities suggested by membersof the management team.Order quantities suggested by the management team are 15,000, 18,000, 24,000, and 28,000.Probability of a stock-out for the order quantity is the probability of having the demand higherthan the order quantity. If the order quantity is 15,000, the stock-out occurs when the demand ishigher than 15,000. So, the stock-out probability is the probability that the demand is biggerthan 15,000, P(X>15,000)gement

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Answered: Q2. Compute the probability of a…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Charlie buys a one-year term home insurance policy for $p, that will pay $200,000 in the event of a major catastrophe and $35,000 in the event of a minor catastrophe. Charlie's home has a 0.2% chance of a major catastrophe and a 0.7% of a minor catastrophe during the one year term. What did the insurance company charge Charlie for this policy if the company expected to break even?
A. A recent study found that 2% of Americans admitted they had driven while intoxicated in the prior month. If a problem asks you to find the probability that 200 or fewer people in a population of 10,000 drive under the influence of alcohol, how do you solve the problem after finding the probability in the z-table? A. Subtract one from the probability you find in the z-score tables B. The probability that equates to the z-score is the answer C. Tis problem cannot be answered with the z-tables D. Take the probability you find in the z-score tables and subtract from one
The map below shows the percentage change in housing prices from June 2014 to June 2015 in each of nine regions (U.S. Census divisions).+ Pacific 7.68 Mountain 7.17 West North Central 3.91 West South Central 6.92 East North Central 4.51 East South Central 4.88 Middle Atlantic 1.72 South Atlantic 6.12 New England 3.18 by You are choosing a region of the country to move to. Let E be the event that the region you choose saw a increase in housing prices of 4% or more, and let F be the event that the region you choose is on the east coast. Describe the event of EU F in words. You choose a region that saw an increase in housing prices of 4% or more or is on the east coast. You choose a region that saw a increase in housing prices of 4% or more and is on the east coast. List the outcomes of E UF. OEUF = {Pacific, Mountain, South Atlantic} EUF = {East North Central, South Atlantic, West North Central, Mountain, Pacific} EUF = {New England, Middle Atlantic, East North Central} EUF = {East North…
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Task 4. The owner of a farm put 20 000 eggs into incubators, wanting to complete an order for 10 000 cockerels. The principal has determined that the order should be fulfilled with an accuracy of 200 eggs. Calculate the probability of success for the farm owner, knowing that a hen hatches from every second egg.
d. For those who do not favor GR, estimate their odds of opposing the DP. e. Compute and interpret the odds f. Invert your odds ratio and interpret.
Q1. Some couples planning a new family would prefer at least one child of each sex. The probability that a couple’s first child is a boy is 0.512. In the absence of technological intervention, the probability that their second child is a boy is independent of the sex of their first child, and so remains 0.512. Imagine that you are helping a new couple with their planning. If the couple plans to have only two children: What is the probability that at least one girl is born?
A and B throw a die for a stake of Rs.44,000, which is to be won by the player who first throws the number 5. If A takes the first throw, what are their expectations ?

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