The probability of no shows on the ABC airlines is given in the table below. What is the expected number of no shows and the variance? No Shows 0 1 2 3 4 Select one: O a. 0.20,3.61 O b. 2.00,5.12 O c. 1.90,1.51 O d. 0.40,8.73 Probability 0.15 0.25 0.26 0.23 0.11
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x | p(x) | x*p(x) | |
0 | 0.15 | 0 | 0 |
1 | 0.25 | 0.25 | 0.25 |
2 | 0.26 | 0.52 | 1.04 |
3 | 0.23 | 0.69 | 2.07 |
4 | 0.11 | 0.44 | 1.76 |
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- Determine the Expected Value and Variance given the following info: Items Purchased # of Wks 5 2 12 5 20 8 27 3 35 2The most important measure in any business is a successful purchase of their product. Task success is a discrete measure (0 is fail, 1 is successful purchase). The following table shows a discrete distribution across 100 clients for product purchase. Table 4 ((purchase success) P(probability purchase) v Calculate the expected value for table4? 0.1 0.3 |0.2 0.4 A. 0.0625 Calculate the discrete variance for table 4? B. 1.04 v What is the binomial probability that you find less than 11 clients who will buy your extended warranty C. 1.90 if you present to 79 clients, and the probability of a client buying a warranty after your presentation is 20%? D. 2 v What is the binomial expected value a client buys your extended warranty if the probability is 20% and 79 E. 4.620 clients are in the sample? F. 1.09 G. 15.80 v What is the binomial variance when a client buys your extended warranty if the probability of buying is 20% and 79 clients are in the sample? H. 12.64 1. 0.91 J. 10/79 K. 3.56 L.…An electronic company manufactures electrical resistors with Rave = 40 Q and SD= 2, same unit. What is the probability that the manufactured products will exceed 43 Q? Assume normal distribution. O 17.24% O 82.76% O 93.32% O 6.68%
- Talent Corp is a HR-consulting firm. The number of new clients that they have obtained each month has ranged from 0 to 6. The number of new clients has the probability distribution that is shown below. Number of New Clients Probability 0 0.05 1 0.10 2 0.15 3 0.30 4 0.25 5 0.10 6 0.05 Compute the expected number of new clients each month. Compute the variance and standard deviation for the expected number of new clients. What is the probability that there will be 2 or fewer clients next month?The following table represents a Discrete Probability Distribution for the number of days it takes John’s Garage to repair vehicles for its customers. Number of days to repair a vehicle 1 2 3 4 5 6 7 Probability 26.7% 33.6% 15.8% 13.7% 6.3% 2.4% 1.5% With the aid of a table, calculate the following mean variance, and standard deviationOne fair coin is tossed 25 times, let X be the number of getting heads out of those 25 tossing experiments. What is the mean and variance of X? 12 and 6.25 12.5 and 6.25 10 and 2.5 12.5 and 2.5
- what is the random variable for the height of buildings? how do you find the probability distribution of the data below:What 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. CBlood Types and Rh Factors In addition to being grouped into four types, human blood is grouped by its Rhesus (Rh) factor. Consider the figures below that show the distributions of these groups for Americans. A B АВ Rh + 37% 34% 10% 4% Rh - 6% 6% 2% 1% Source: www.infoplease.com Send data to Excel Choose 1 American at random. Find the following probabilities. Enter your answers as decimals rounded to 3 decimal places.
- Find the mean and variance of the following discrete random variable distribution.? ?(?)0 0.35 1 0.45 2 0.16 3 0.04The table below summarizes the responses from the experts. For instance, eleven of the fifty experts believe Ghana will record a 2% GDP growth for the coming year. Growth (%) Number of Experts 2 11 5 8 7 13 8 10 10 6 12 2 i. Develop a probability distribution for the growth in GDP for the coming year. ii. What are the expected value and variance for growth in GDP for the coming year?