The table shows claims and their probabilities for an insurance company. Use the table to answer parts a through c.       Amount of claim ​(to the nearest​ $50,000) Probability ​$0 0.65 ​$50,000 0.23 ​$100,000 0.05 ​$150,000 0.04 ​$200,000 0.02 ​$250,000 0.01   a.Calculate the expected value.

Q: This is the empirical probability because my example uses past experiences to predict how many white…

A: Given information: Empirical Probability & Theoretical probability

Q: The probability that it will rain tomorrow is 0.32. If it rains tomorrow, the probability that it…

A: event  A : rain tomorrow           B : rain next day   P(A) = 0.32,    P(A') = 1 - 0.34 = 0.66P(B|A)…

Q: The probabilities for a discrete probability function all fall between which two values? 0.5, 1 0, 1…

A:

Q: Given that the table below represents a probability distribution, fill in the missing value. XL 1 2…

A:

Q: When 2 dice are rolled, find the probability of getting a sum less than 5 or greater than 8

A: When a die is rolled, possible outcomes are 1 , 2 , 3 , 4 , 5, 6  we roll 2 dice

Q: If a tire plant is not causing cancer, then we can expect u = 3 cancer deaths over a 20-year period.…

A: We have to use Poisson distribution. Poisson distribution : Poisson random variable defines number…

Q: Does the given table determine a probability distrisution? PX) 0.48 0.21 0.19 1 2 3 4 0.08 elsewhere…

A:

Q: Classify following statement as an exampleof classical probability, empirical probability, or…

A: Empirical probability is the probability which is based on historical data.

Q: The probability that a person owns a microwave oven is 0.66, that a person owns a compact disk…

A: Given: The probability that a person owns a microwave oven is 0.66, that a person have a CD player…

Q: 15 25 35 45 55 P(x) 0.05 0.35 0.25 0.05

A: Given : x 15 25 35 45 55 P ( x) 0.05 0.35 0.25 0.05

Q: average weight of 4150 lb and SD = 450 lb Find each as a 2-decimal percentage - DO NOT put the %…

A: Given that.   X~N( μ , ?)   μ=4150     , ?=450   Z-score =( x - μ )/?

Q: Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you…

A:

Q: x P(x) 0 0.05 1 0.05 2 0.15 3 0.75 Find the mean of this probability distribution.

A: 0 0.05 0 1 0.05 0.05 2 0.15 0.30 3 0.75 2.25

Q: Determine whether this table represents a probability distribution. P(X) 0| 0.05 1 0.15 0.3 3 0.5 O…

A: According to the provided information, we have The probability distribution table is given by, X…

Q: Probability values range from -1.00 to +1.00 O a. False O b. True O c. Cannot be determined

A: We have given that,  Probability values range from -1.00 to +1.00 Then,  We have to check the true…

Q: Suppose that you are offered the following "deal." You roll a six sided die. If you rolla 6, you win…

A: The outcome of roiling a die is 1, 2, 3, 4, 5, and 6, where each outcome has probability of 1/6.

Q: Life Insurance A 37-year-old woman purchases a S100,000 term life insurance policy for an annual…

A:

Q: K Determine whether the approximate shape of the distribution in the histogram shown is symmetric,…

A: Determine whether the approximate shape of the distribution in the histogram shown is symmetric…

Q: Hannah and Claire each have a chicken coop with 6 hens. Let H represent the total number of eggs the…

A: Given that: Number of eggs 0 1 2 3 4 5 6 P(H) 0.02 0.03 0.07 0.12 0.30 0.28 0.18 P(C) 0.05…

Q: Classify the following statement as an example of classical probability, empirical probability, or…

A: The empirical probability of an event is the ratio of the number of outcomes in which a specified…

Q: x P(x) 0 0.2 1 0.05 2 0.15 3 0.6 Find the mean of this probability distribution. Round your answer…

A: xP(x)00.210.0520.1530.6Mean of the distribution = ?

Q: Find the requested probability. P(A) if P(A) = 0.7 P(A) =

A: Given,P(A)=0.7

Q: a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round…

A: According to our guidelines, we can answer only 3 sub-parts. So, please repost the rest parts.

Q: 00 Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you…

A:

Q: During one eight-week period, a particular mutual fund outperformed the S&P 500 index 21 out of 40…

A: During one eight-week period, a particular mutual fund outperformed the S&P 500 index 21 out of…

Q: Life Insurance Miranda decided to buy a $50,000 term life insurance policy from Palmetto Insurance…

A:

Q: Fill in the missing value to make this a valid probability distribution. x P(x) 0 0.25 1 0.1 2   3…

A: Here we need to find the missing value of the given probability distribution.

Q: Directions: Solve the given problem. Show your solutions and the Minitab-generated report. 1. In a…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: The probabilities for the amount that can be won on a lottery game are given in the table below.…

A: The random variable is Amount. The variable has 5 categories and the probabilities are about how…

Q: #pv. Don't provide handwriting solution

A: Step 1:To find the probability that there are 3 cakes left unsold at the end of the day, we can use…

Q: Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you…

A: It is given that rolling a 6 would win $6, rolling a 3, 4 or 5 would win $3. Otherwise, pay $2.

Q: Provide an appropriate response. Classify the statement as an example of classical probability,…

A: Given that:- Classify the statement as an example of classical probability, empirical probability,…

Q: Question.9. From the following information, ascertain which project is more on the basis of standard…

A: The formula for finding Standard deviation is               S.D=∑(xi-x¯)2.p where,          x¯=∑xi n…

Q: Suppose that you are offered the following "deal". You roll a six sided die. If you roll a 6, you…

A: From the given data: a)  x P(x) 20 1/6 3 1/2 -7 1/3

Q: a lottery tcket has a grand prize of 45.2 million. the probability the grand prize is .000000044.…

A: Given, n = 45.2 million = 45200000 p=0.000000044

Q: e missing​ probability?

A: Given that  Probability distribution table as X 5 10 15 20 25 30 P(X) 0.05 0.14 0.23 0.48 0.08…

Q: Determine the probability distribution's missing value. The probability that a tutor will see 0, 1,…

A:

Q: Solve

A: We have a discrete random variable X with possible values of 5, 6, 7, and 8. We are given the…

Q: which of the following is a certain probability? 1.0.99 2.0.50 3.0.25 4.0.00

A: we have to find value of probability for certain event.

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.