The outcomes of an experiment and the probability of each outcome are given in the table below. Compute the expectation for this experiment. Outcome Probability 5 0.5 6 0.21 7 0.1 8 0.08 9 0.06 10 0.05
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The outcomes of an experiment and the
| Outcome | Probability |
|---|---|
| 5 | 0.5 |
| 6 | 0.21 |
| 7 | 0.1 |
| 8 | 0.08 |
| 9 | 0.06 |
| 10 | 0.05 |
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- Classic Probability Kevin was a product tester at Texas Instruments. He was dropping calculators from a height of 5 feet on to a concrete surface. He found that out of 30 trials 6 of them were broken. Based on these initial trials what is the probability that the next calculator he drops will not break? OA. O A. : Theoretical Probability O B. Empirical Probability O C. Subjective Probability D. ; Dependent ProbabilityHere is the probability model for the blood type of a randomly chosen person in the United States. Blood type O A B AB Probability 0.53 0.22 0.06 0.19 What is the probability that a randomly chosen American does not have type O blood? ______________% Round to the nearest 0.01%What is the significance of the mean of a probability distribution? Choose the correct answer below. O A. It represents the most likely possible outcome. B. It is the expected value of a discrete random variable. OC. It can never be negative. OD. It gives information about how the outcomes vary.
- What would be the correct way of doing this?NOTE: please follow the step in the given lesson belowMany fire stations handle emergency calls for medical assistance as well as calls requesting firefighting equipment. A particular station says that the probability that an incoming call is for medical assistance is 0.84. This can be expressed as P(call is for medical assistance) = 0.84. (a) Give a relative frequency interpretation of the given probability. O Eighty-four percent of all calls to the station are for medical assistance. O None of the calls to the station are for medical assistance. O Sixteen percent of all calls to the station are for medical assistance. O All calls to the station are for medical assistance. O Fifty percent of all calls to the station are for medical assistance. (b) What is the probability that a call is not for medical assistance?
- For the experiment described below, let x determine a random variable, and use knowledge of probability to prepare a probability distribution. Two names are drawn from a hat, signifying who should go pick up pizza. five of the names are on the swim team and six are not. The number of swimmers selected is counted.You have decided that you should become more familiar with random variables and probability. You first roll a 20-sided die. What is the probability of observing a 10 on any given roll of the die? Respond with an answer to the second decimal point, that is, 0.09 instead of 0.10.WFC Average St. Dev. Min 0.65% 10.26% -28.99% Мах 27.51% 25. Based on the table above, what is the probability of losing -7% or more for WFC? A. 0.07 B. 0.14 C. 0,23 D. 0.29 %3D E. 0.31 26. If you have $200,000 invested in WFC, what is the dollar value of VaR of losing -7% or more? A. $14,000 B. $28,000 C. $46,000 D. $58,000 E. $62,000 27. Based on the table above, there is 30% chance that your losses for WFC will be greater than A. -0,30% B. 2.15% C. 4.73% D. 7% E. -14% 28. Based on the table above, there is 30% chance that your dollar losses for WFC will be greater than if you have $200,000 invested in ti? A. -S600 B. $4,300 C. -$9,460 D. -$14,000 E. S28,000
- .Assume that the vaccine is given to a group of 50 people from Jamaica, what is the probability that it is an effective in exactly 40 persons? Interpretation your resultThe outcomes of an experiment and the probability of each outcome are given in the table below. Compute the expectation for this experiment. Incorrect: Your answer is incorrect.Outcome Probability 5 0.4 6 0.31 7 0.1 8 0.08 9 0.0610 0.05What is the significance of the mean of a probability distribution? Choose the correct answer below. OA. It gives information about how the outcomes vary. OB. It is the expected value of a discrete random variable. OC. It can never be negative. OD. It represents the most likely possible outcome. C
