Which is the best investment company to invest in: Investment Company A Possible Return 55 pesos 45 pesos Probability 0.5 0.5 Investment Company B Possible Return 60 pesos 40 pesos Probability 0.5 0.5 Investment Company C Possible Return O pesos 50 pesos 100 pesos Probability 0.3 0.4 0.3 Using the concept of probability mass function, which of three best options has the best deal? Explain your answer.

Q: Probabilities that customers A, B, and C purchase an item are 0.7, 0.6, and 0.1 correspondingly.…

A:

Q: Here is the probability model for the blood type of a randomly chosen person in the United States.…

A: Probability mass function of X Blood typeProbabilityO0.57A0.19B0.06AB0.18P(Randomly chosen American…

Q: From past experience, the probability that a new worker in a company can complete his daily tasks…

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Q: You are required to calculate Expected Return and Risk for individual stocks. Show your solutions in…

A: here make table for each stock and calculate expected return and risk (standard deviation or…

Q: Determine whether the following is a probability model

A: If sum of probabilities of possible outcomes is equal to 1, then model is said to be probability…

Q: According to a study, 46% of all males between the ages of 18 and 24 live at home. (Unmarried…

A: The proportion of males aged between  and  living at home, No. of survey respondents, No. of…

Q: Determine whether the following is a probability model

A: Answer: Yes

Q: A probability model is simply a list of outcomes and the probability of each outcome. Which of the…

A: Answer:- We know that , The probability of the outcome of an experiment is never negative . and the…

Q: Complete the sentence below. In a probability model, the sum of the probabilities of all outcomes…

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Q: n investment counselor calls with a hot stock tip. He believes that if the economy rema esult in a…

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Q: Choose at random a person 15 years of age or older. Ask their gender and marital status (never…

A:

Q: 1. A basketball player has a 70% free-throw shooting percentage. What is the probability that it…

A: P(Successful free throw) = p = 0.70P(failed to make successful free throw) = q = 1 - 0.70…

Q: An airline sells 15 tickets for a small plane with 12 seats. Overbooking is a common practice at…

A: Given: Number of tickets sold n = 15 probability a passenger shows up p = 0.80 probability a…

Q: A weight loss clinic keeps records of patient attendance at scheduled appointments each year. A…

A: The data is given and we need to answer certain question.

Q: A survey on campus revealed that 61% of the students felt that a new attendance policy was unfair.…

A: The complement probability formula is, PA=1-PA A survey on campus revealed that 61% of the students…

Q: The table below shows the results of a survey about a junk food tax.     Support Oppose Unsure Male…

A: The contingency table related to the results of a survey about the junk food tax is given…

Q: . Acceptance Sampling The Medassist Pharmaceutical Company receives large ship ments of aspirin…

A: Binomial distribution: P(X) = nCx px qn-x Number of tablets tested, n = 24 P(defect), p = 0.04 q = 1…

Q: Word Scramble : Costs 10 points. Total 4 letters . Depending on how many letters are in the correct…

A: a) Let the four numbered word be ABCD. Total number of combinations for these 4 letters = 4! Total…

Q: In a city, 60% of the residents live in houses and 40% of the residents live in apartments. Of the…

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Q: WNBA player Tameka Johnson of the Tulsa Shock is an 84% free throw shooter.  Suppose Tameka is…

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Q: Question technician works overtime one out of four days. He listens to the radio one out of eight…

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Q: What is the probability that a student has to take a Statistics Course at this particular college

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Q: True or False: In a probability model, the sum of the probabilities of all outcomes must equal 1.…

A: Given that,A probability model, the sum of the probabilities of all outcomes must equal 1.

Q: Here is the probability model for the blood type of a randomly chosen person in the United States.…

A: According to the provided information, Blood type O A B AB Probability 0.42 0.2 0.04 0.34

Q: A die is weighted in such a way given in the probability distribution. Outcome 1 2 3 4 5…

A: Answer: Given probability distribution of a die weight is, Outcome (X)             1       2     3…

Q: The results of an election poll are given in the figure below.   Candidate A Candidate B Other/No…

A: Given: The data for pol lection is given below   Candidate A Candidate B Other / No answer Male…

Q: Determine whether a probability model based on Bernoulli trials can be used to investigate the…

A: Ant random experiment, that only occurs in terms of "success" or "failure" is defined as a Bernoulli…

Q: Is the table above an example of a probability model? OA. Yes, because the probabilities sum to 1…

A: It is given that the probability model.

Q: When you wake up in the morning and decide to go to class to learn something what type of…

A: In this case, we need to identify the type of probability.

Q: An insurance policy costs $105 per year and insures the items in the policy owner's home against…

A: We know the formula for expected return is : Here there are two scenarios ,  Either there will be a…

Q: Question : John is having a dinner at a restaurant, which sells 3 kinds of dishes, A, B, and C. The…

A: The probability of ordering 3 kinds of dishes A, B, and C are 0.4, 0.3, and 0.3. The probability of…

Q: The table below shows the probabilities of a person accumulating specific amounts of credit card…

A: $500 or more means $500-$999 and $1000 or moreP($500 or more)=P($500-$999 and $1000 or…

Q: A friend is considering buying stock in TESLA, a car company focused on fuel-efficiency. If the Gas…

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Q: You're a small insurance company that insures 2000 people. Let's say that 1 house will flood per…

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Q: alyst feels that a Cet stock the hext montn is an example of probability, since it deals with a…

A:

Q: (a) Find the probability that a randomly selected student is male, given that the student received a…

A: It is given that the table shows the number of male and female students in a particular country who…

Q: The table below shows the results of a survey about a junk food tax.     Support Oppose Unsure Male…

A:

Q: A certain student is equally likely to choose to major in medicine, engineering or accounting in…

A: According to the question, a certain student is equally likely to choose to major in medicine,…

Q: At a particular college 10 percent of the students major in Business. All Business majors are…

A: Let x be the number of students in the college.Then, the total number of students major in business…

Q: The accompanying table shows the numbers of male and female students in a particular country who…

A: (a) The probability that a randomly selected student is male given that the student received a…