QUESTION 2A store owner estimates that each customer spends random amount of money which is assumedto follow a poisson distribution with mean 190, independent from each other. Using central limittheorem approximation, find the minimum number of daily customers so that the daily averagerevenue per customer is higher than 175 with probability of at least 0.95? (Answer must be aninteger)Attach Eile

Answered: Image /qna-images/answer/5b9a86a8-ebd8-4dae-b6dc-dbeb9fd21afc.jpg

Answered: QUESTION 2 A store owner estimates that…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The life expectancy of poople in Oman is if the mean distributed. maly years and 6) years nor and standeard'deviation is (106) respectively, Find the probability that the life expectancy is between (104) and (76) gears
Please answer both if you can. Thank you
The time (in minutes) between arrivals of customers to a post office is to be modelled by the Exponential distribution with mean 0.62. Part a) What is the probability that the time between consecutive customers is less than 15 seconds? Part b) Find the probability that the time between consecutive customers is between ten and fifteen seconds. Part c) Given that the time between consecutive customers arriving is greater than ten seconds, what is the chance that it is greater than fifteen seconds?
The number of babies in a litter of rabbits is approximately Poisson distribution with mean 6. Litters can occur once per month for a 9 month period (3 months infertile). What is the standard deviation of the number of babies in one litter? What is the probability of a litter with exactly one rabbit? What is the approximate probability that over a 9 month period, a rabbit will have more than 65 babies (use the Central Limit Theorem, continuity correction is optional)? Incidentally, the plot at right shows the exact Poissondistribution you’ll be using, and you’ll note it looks quite a bit like some other distribution . .
The lengths of a professor's classes has a continuous uniform distribution between 50.0 min and 52.0 min. If one such class is randomly selected, find the probability that the class length is less than 50.2 min. P(X 50.2)- (Report answinter an integer or decimal number (more..
cauliflower seeds germinate in 6 days or more. Find the standard deviation of times taken for germination for cauliflower seeds. Carry your intermediate computations to at least four decimal places. Round your answer to at least two decimal places. Suppose that the times taken for germination for cauliflower seeds are normally distributed with a mean of 7 days. Suppose also that exactly 80% of the O days
The time (in minutes) between arrivals of customers to a post office is to be modelled by the Exponential distribution with mean 0.75. Part a) What is the probability that the time between consecutive customers is less than 15 seconds? Part b) Find the probability that the time between consecutive customers is between ten and fifteen seconds. Part c) Given that the time between consecutive customers arriving is greater than ten seconds, what is the chance that it is greater than fifteen seconds?
The time (in minutes) between arrivals of customers to a post office is to be modelled by the Exponential distribution with mean 0.680.68.Part a)What is the probability that the time between consecutive customers is less than 15 seconds?Part b)Find the probability that the time between consecutive customers is between ten and fifteen seconds.Part c)Given that the time between consecutive customers arriving is greater than ten seconds, what is the chance that it is greater than fifteen seconds?
What type of distribution is appropriate to model the time between two consecutive departures from the gate of an airport Poisson Binomial Exponential Geometric
The time to failure (in hours) of fans in a personal computer can be modeled by an exponential distribution with 2-0.0004. Assuming we have a large number of computers. a) What is the expected life of a fan (in hours)? b) What is the mean time until the tenth fan failure? c) What is the expected number of fans failing in the next 5000 day.
The time (in minutes) between arrivals of customers to a post office is to be modelled by the Exponential distribution with mean 0.47. Part a) What is the probability that the time between consecutive customers is less than 15 seconds? Part b) Find the probability that the time between consecutive customers is between ten and fifteen seconds. Part c) Given that the time between consecutive customers arriving is greater than ten seconds, what is the chance that it is greater than fifteen seconds?
prove it how logistic distribution is a limiting distribution of standard mid range in random sample

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS