Question 7Bodaboda riders are more likely to be murdered on the job than the drivers ofany other public transport like Taxicab, Uber, and Bolt, among others. Theannual murder rate for Bodaboda drivers is 30.0 deaths per 100000 riders,compared to just 0.6 per 100,000 for all other public transport providers.Assume that one company offering Bodaboda transport employs a total of 300riders and that the family of any rider murdered on the job receives Tshs.1000,000 from the company.Required:a) What is the probability that at least two of the Bodaboda riders will bemurdered on the job during the next year?b) What is the approximate expected value for the amount of money thecompany will be providing to families of murdered riders during the nextyear?

The annual murder rate for bodaboda riders is deaths per rider and for other public transport…

Answered: Question 7 Bodaboda riders are more…

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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Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 80 stocks traded on the NYSE that day showed that 11 went up.You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3. You use a significance level of α=0.02α=0.02.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value = The p-value is... less than (or equal to) αα greater than αα This test statistic leads to a decision to... reject the null accept the null fail…
A serious side effect of allergy medicines is that they cause drowsiness, which can cause many problems for the individuals taking them. In recent years, a new non-drowsy allergy medicine has been developed. The company that created the medicine claims to be the first, once-a-day, non-drowsy allergy medicine (call it Medicine A). An independent research group wanted to check on this claim by comparing medicine A with another allergy medicine not advertised as non-drowsy (call it Medicine B). A random sample of 3,193 allergy sufferers was selected and each individual was randomly assigned to take either Medicine A or Medicine B. From the Medicine A group, 114 of 1,604 reported drowsiness and from the Medicine B group, 155 of 1,589 reported drowsiness. Calculate and label the two sample proportions separately. Next, calculate the difference between these sample proportions by subtracting (Medicine A – Medicine B). Complete these calculations by hand, label each of them, and…
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 72 stocks traded on the NYSE that day showed that 12 went up. You are conducting a study to see if the proportion of stocks that went up is significantly less than 0.3. You use a significance level of a = 0.005. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... O less than (or equal to) a O greater than a This test statistic leads to a decision to... O reject the null O accept the null O…
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A research wants to determine if pre-natal exposure to the hormones in birth control pills alters the sex makeup of midshipman fish populations (which are typically half male and half female).Specifically, the researcher wishes to test the hypothesis that exposure to hormones will increase the number of females in the population.The researcher exposes a group of pregnant midshipman fish to birth control hormones and records the sex of the first 13 offspring birthed.They then observe that 11 are female.Use a sign test and a alpha of .05 to test the indicated hypothesis.What is the critical value?
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 72 stocks traded on the NYSE that day showed that 24 went up. You are conducting a study to see if the proportion of stocks that went up is significantly more than 0.3. You use a significance level of a = 0.10. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... less than (or equal to) a greater than a This test statistic leads to a decision to... O reject the null accept the null O fail to…
A research wants to determine if pre-natal exposure to the hormones in birth control pills alters the sex makeup of midshipman fish populations (which are typically half male and half female).Specifically, the researcher wishes to test the hypothesis that exposure to hormones will increase the number of females in the population.The researcher exposes a group of pregnant midshipman fish to birth control hormones and records the sex of the first 17 offspring birthed.They then observe that 12 are female.Use a sign test to test the indicated hypothesis.What is the value of "significance"

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