- -urs1, consider the following. The amount of gold X (in ounces) that a prospec- tor digs in a a day is a random variable with the following pdf: fx(x) = 6x(1 – r)[(0,1)(x) Assuming that the price of gold Y (in dollars) per ounce is uniformly distributed over the interval [1700, 2000] and is independent of X. Answer the following questions.

Q: b. Perform the calculations to find the expected number of individuals who plead guilty and are sent…

A: The formula to find the Expected frequency is,

Q: A foundation is holding a fund-raising campaign in a form of a raffle. A raffle ticket costs 120 php…

A:

Q: 1) Suppose that the expected number of accidents occurring on a highway each day = 2. (a) What is…

A: Poisson Distribution: A discrete random variable X is said to be Poisson distribution and the…

Q: measurement

A: A sample is a subset of a population.

Q: ou are waiting in line at Dunkin. There are three people in front of you. The time it takes a person…

A:

Q: Identify a commonly used graphical technique for portraying events and relationships among events.

A: Venn diagram:Venn diagram is a diagrammatic representation of sets that show the relationship…

Q: (EP)* = P*E*

A:

Q: What is the expected expense of the machine being used 34 hours per week?

A: Regression line are used to predict the variable. It is calculated by the combined value of…

Q: A poll showed that 44.5% of Americans say they believe that some people see the future in their…

A: Probability(believe that some people see the future in their dreams) =44.5%=0.445

Q: What is the difference between portfolio expected return and portfolio risk (write the formulas)?

A: Given to know about the differences between portfolio expected return and the portfolio risks.

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: It is requested to calculate the expected profit for one ticket. Cost of one ticket = $ 8 Total…

Q: Calculate the exact probability that the mean of 3 die rolls will be >2.5 and less than or equal to…

A: Here is the experiment of rolling a 3 die. Minimum sum=3 =(1,1,1) Maximum sum=18=(6,6,6) A total…

Q: 3. The probability that a new bon baby survives for "x" years is written as

A: Probability ( that new born survive for x years) is given below

Q: Define the concept of expected value?

A: The expected value of the random variable is nothing but the mean value of the random variable. It…

Q: How is the probability theory used in the relationship between exposures and the risk of health…

A: The probability shows how likely an event can occur.

Q: re calculus is a definition of high school graduation what are some interesting and expected…

A: This is a problem of application of derivative, Integral calculus etc.

Q: 50 raffle tickets were sold for $5 apiece, with a chance to win a flat screen TV values at $700.…

A: The price can be won only one of the ticket out of 250 raffle tickets  So,  P(win) =1250P(Loss) =…

Q: Suppose that the customers are standing in a line to be served by a teller in a bank. The amount of…

A: Let the time spent by each customer be denoted by 'X'. X~Exp110 The PDF for the exponential…

Q: expected profit of 1 percent of the amount it would have to pay out upon death. Find the annual…

A: here take C = premium expected profit  = 1% of 200000 = php 2000 p(die during the year ) = 0.02 x=…

Q: How do the fraction of the total outcomes and theoretical probability compare

A: Theoretical Probability can be defined as mathematical intuition of what possibly could happen. For…

Q: What is the probability that the sample mean tax is between 7600 8000

A:

Q: where did the 14 come from when you multiplied by 182 for the expected count?

A: we need clarify, where did the 4 come from when you multiplied by 182 for the expected count

Q: 3) The soccer team has won 4 out of its last 7 games. Assuming there are no ties and this rate…

A: Here the given information is : Total games , n = 35 Won 4 games out of 7 games we have to find the…

Q: 7.16% comes

A: Given: Risk-free rate return: 2.25% Return of the market: 9.75% value risk premium: 3.50% size…

Q: Illustration 83. The following data show the length of life of wholesale grocers in a particul- city…

A:

Q: According to the Social Security Administration, in 2015, the probability that a 51 year old male…

A: Given information Probability of the 51-year old surviving the year = 0.994476Cost incurred by this…

Q: expected value

A: Let X be the random variable representing the number of policies sold by the salesperson. The…

Q: 1on 16,87. A person applies for 200 equity shares of Rs.10 each to be issued at a premium of Rs.6…

A:

Q: Suppose a gambler wins P50 if the sum of dots in a toss of a pair of fair dice is either 7 or 11,…

A: When tossing a pair of fair dice, the outcomes are, The outcomes for the sum 7 are (1, 6), (2, 5),…

Q: Lottery: In the New York State Numbers Lottery, you pay $1 and pick a number from 000 to 999. If…

A: In the New York lottery game if the player pays $1 and picks a number from 000 to 999. If numbers…

Q: How do you find experimental probability

A: Theoretical probability: This is the probability value that is expected to happen. It is the ratio…

Q: What are the rules for deteriming significant digits?

A: The rules for determining significant digits are:1. All non-zero numbers are significant   eg: The…

Q: In a certain industrial facility, accidents occur infrequently. It is known that the probability of…

A:

Q: 2.Sonic Technology sells a mobile phone at an average rate of 1 per day. Estimate the probability…

A: It is given that Sonic Technology sells a mobile phone at an average rate of 1 per day.

Q: What is the probability that a card drawn randomly from a standard deck of 5252 cards is an ace?…

A: Obtain the probability that a card drawn randomly from a standard deck of 52 cards is an ace   The…