Probability and Statistics for Engineering and the Sciences
9th Edition
ISBN: 9781305251809
Author: Jay L. Devore
Publisher: Cengage Learning
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Textbook Question
Chapter 2.2, Problem 11E
A mutual fund company offers its customers a variety of funds: a money-market fund, three different bond funds (short, intermediate, and long-term), two stock funds (moderate and high-risk), and a balanced fund. Among customers who own shares in just one fund, the percentages of customers in the different funds are as follows:
A customer who owns shares in just one fund is randomly selected.
- a. What is the
probability that the selected individual owns shares in the balanced fund? - b. What is the probability that the individual owns shares in a bond fund?
- c. What is the probability that the selected individual does not own shares in a stock fund?
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Microsoft Excel snapshot for random sampling: Also note the formula used for the last
column
02
x✓ fx =INDEX(5852:58551, RANK(C2, $C$2:$C$51))
A
B
1
No.
States
2
1
ALABAMA
Rand No.
0.925957526
3
2
ALASKA
0.372999976
4
3
ARIZONA
0.941323044
5
4 ARKANSAS
0.071266381
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CALIFORNIA
NORTH CAROLINA
ARKANSAS
WASHINGTON
G7
Microsoft Excel snapshot for systematic sampling:
xfx INDEX(SD52:50551, F7)
A
B
E
F
G
1
No.
States
Rand No. Random Sample
population
50
2
1 ALABAMA
0.5296685 NEW HAMPSHIRE
sample
10
3
2 ALASKA
0.4493186 OKLAHOMA
k
5
4
3 ARIZONA
0.707914 KANSAS
5
4 ARKANSAS 0.4831379 NORTH DAKOTA
6
5 CALIFORNIA 0.7277162 INDIANA
Random Sample
Sample Name
7
6 COLORADO 0.5865002 MISSISSIPPI
8
7:ONNECTICU 0.7640596 ILLINOIS
9
8 DELAWARE 0.5783029 MISSOURI
525
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Chapter 2 Solutions
Probability and Statistics for Engineering and the Sciences
Ch. 2.1 - Four universities1, 2, 3, and 4are participating...Ch. 2.1 - Suppose that vehicles taking a particular freeway...Ch. 2.1 - Three components are connected to form a system as...Ch. 2.1 - Each of a sample of four home mortgages is...Ch. 2.1 - A family consisting of three personsA, B, and...Ch. 2.1 - A college library has five copies of a certain...Ch. 2.1 - An academic department has just completed voting...Ch. 2.1 - An engineering construction firm is currently...Ch. 2.1 - Use Venn diagrams to verify the following two...Ch. 2.1 - a. In Example 2.10, identify three events that are...
Ch. 2.2 - A mutual fund company offers its customers a...Ch. 2.2 - Consider randomly selecting a student at a large...Ch. 2.2 - A computer consulting firm presently has bids out...Ch. 2.2 - Suppose that 55% of all adults regularly consume...Ch. 2.2 - Consider the type of clothes dryer (gas or...Ch. 2.2 - An individual is presented with three different...Ch. 2.2 - Let A denote the event that the next request for...Ch. 2.2 - A wallet contains five 10 bills, four 5 bills, and...Ch. 2.2 - Human visual inspection of solder joints on...Ch. 2.2 - A certain factory operates three different shifts....Ch. 2.2 - An insurance company offers four different...Ch. 2.2 - The route used by a certain motorist in commuting...Ch. 2.2 - The computers of six faculty members in a certain...Ch. 2.2 - Show that if one event A is contained in another...Ch. 2.2 - The three most popular options on a certain type...Ch. 2.2 - A certain system can experience three different...Ch. 2.2 - An academic department with five faculty members...Ch. 2.2 - In Exercise 5, suppose that any incoming...Ch. 2.3 - As of April 2006, roughly 50 million .com web...Ch. 2.3 - A friend of mine is giving a dinner party. His...Ch. 2.3 - The composer Beethoven wrote 9 symphonies, 5 piano...Ch. 2.3 - An electronics store is offering a special price...Ch. 2.3 - Again consider a Little League team that has 15...Ch. 2.3 - Computer keyboard failures can be attributed to...Ch. 2.3 - A production facility employs 10 workers on the...Ch. 2.3 - An academic department with five faculty members...Ch. 2.3 - An experimenter is studying the effects of...Ch. 2.3 - A sonnet is a 14-line poem in which certain...Ch. 2.3 - A box in a supply room contains 15 compact...Ch. 2.3 - Three molecules of type A, three of type B, three...Ch. 2.3 - An ATM personal identification number (PIN)...Ch. 2.3 - A starting lineup in basketball consists of two...Ch. 2.3 - In five-card poker, a straight consists of five...Ch. 2.3 - Show that (nk)=(nnk). Give an interpretation...Ch. 2.4 - The population of a particular country consists of...Ch. 2.4 - Suppose an individual is randomly selected from...Ch. 2.4 - Return to the credit card scenario of Exercise 12...Ch. 2.4 - Reconsider the system defect situation described...Ch. 2.4 - The accompanying table gives information on the...Ch. 2.4 - A department store sells sport shirts in three...Ch. 2.4 - According to a July 31, 2013, posting on cnn.com...Ch. 2.4 - A system consists of two identical pumps, #1 and...Ch. 2.4 - A certain shop repairs both audio and video...Ch. 2.4 - In Exercise 13, Ai = {awarded project i}, for i =...Ch. 2.4 - Deer ticks can be carriers of either Lyme disease...Ch. 2.4 - For any events A and B with P(B) 0, show that...Ch. 2.4 - If P(B|A) P(B), show that P(B|A) P(B). [Hint:...Ch. 2.4 - Show that for any three events A, B, and C with...Ch. 2.4 - At a certain gas station, 40% of the customers use...Ch. 2.4 - Seventy percent of the light aircraft that...Ch. 2.4 - Components of a certain type are shipped to a...Ch. 2.4 - Blue Cab operates 15% of the taxis in a certain...Ch. 2.4 - For customers purchasing a refrigerator at a...Ch. 2.4 - The Reviews editor for a certain scientific...Ch. 2.4 - A large operator of timeshare complexes requires...Ch. 2.4 - Consider the following information about travelers...Ch. 2.4 - There has been a great deal of controversy over...Ch. 2.4 - A friend who lives in Los Angeles makes frequent...Ch. 2.4 - In Exercise 59, consider the following additional...Ch. 2.5 - Reconsider the credit card scenario of Exercise 47...Ch. 2.5 - An oil exploration company currently has two...Ch. 2.5 - In Exercise 13, is any Ai independent of any other...Ch. 2.5 - If A and B are independent events, show that A and...Ch. 2.5 - The proportions of blood phenotypes in the U.S....Ch. 2.5 - One of the assumptions underlying the theory of...Ch. 2.5 - In October, 1994, a flaw in a certain Pentium chip...Ch. 2.5 - An aircraft seam requires 25 rivets. The seam will...Ch. 2.5 - A boiler has five identical relief valves. The...Ch. 2.5 - Two pumps connected in parallel fail independently...Ch. 2.5 - Consider the system of components connected as in...Ch. 2.5 - Refer back to the series-parallel system...Ch. 2.5 - Consider independently rolling two fair dice, one...Ch. 2.5 - Components arriving at a distributor are checked...Ch. 2.5 - Prob. 84ECh. 2.5 - A quality control inspector is examining newly...Ch. 2.5 - a. A lumber company has just taken delivery on a...Ch. 2.5 - Consider randomly selecting a single individual...Ch. 2.5 - The probability that an individual randomly...Ch. 2.5 - Suppose identical tags are placed on both the left...Ch. 2 - A certain legislative committee consists of 10...Ch. 2 - A factory uses three production lines to...Ch. 2 - An employee of the records office at a certain...Ch. 2 - One satellite is scheduled to be launched from...Ch. 2 - A transmitter is sending a message by using a...Ch. 2 - Individual A has a circle of five close friends...Ch. 2 - According to the article Optimization of...Ch. 2 - A chemical engineer is interested in determining...Ch. 2 - Prob. 98SECh. 2 - Fasteners used in aircraft manufacturing are...Ch. 2 - Jay and Maurice are playing a tennis match. In one...Ch. 2 - A system consists of two components. The...Ch. 2 - The accompanying table categorizing each student...Ch. 2 - a. A certain company sends 40% of its overnight...Ch. 2 - A company uses three different assembly linesA1,...Ch. 2 - Disregarding the possibility of a February 29...Ch. 2 - One method used to distinguish between granitic...Ch. 2 - A subject is allowed a sequence of glimpses to...Ch. 2 - In a Little League baseball game, team As pitcher...Ch. 2 - Four engineers, A, B, C, and D, have been...Ch. 2 - A particular airline has 10 a.m. flights from...Ch. 2 - Consider four independent events A1, A2, A3, and...Ch. 2 - A box contains the following four slips of paper,...Ch. 2 - Show that if A1, A2, and A3 are independent...
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