
Mathematical Statistics with Applications
7th Edition
ISBN: 9781111798789
Author: Dennis O. Wackerly
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 3.2, Problem 4E
Consider a system of water flowing through valves from A to B. (See the accompanying diagram.) Valves 1, 2, and 3 operate independently, and each correctly opens on signal with
Expert Solution & Answer

Trending nowThis is a popular solution!

Students have asked these similar questions
if the b coloumn of a z table disappeared what would be used to determine b column probabilities
Construct a model of population flow between metropolitan and nonmetropolitan areas of a given country, given that their respective populations in 2015 were 263 million and 45 million. The probabilities
are given by the following matrix.
(from)
(to)
metro nonmetro
0.99 0.02 metro
0.01 0.98
nonmetro
Predict the population distributions of metropolitan and nonmetropolitan areas for the years 2016 through 2020 (in millions, to four decimal places). (Let x, through x5 represent the years 2016 through
2020, respectively.)
x₁ =
x2
X3
261.27
46.73
11
259.59
48.41
11
257.96
50.04
11
256.39
51.61
11
t
If the average price of a new one family home is $246,300 with a standard deviation of $15,000 find the minimum and maximum prices of the houses that a contractor will build to satisfy 88% of the market value
Chapter 3 Solutions
Mathematical Statistics with Applications
Ch. 3.2 - When the health department tested private wells in...Ch. 3.2 - You and a friend play a game where you each toss a...Ch. 3.2 - A group of four components is known to contain two...Ch. 3.2 - Consider a system of water flowing through valves...Ch. 3.2 - A problem in a test given to small children asks...Ch. 3.2 - Five balls, numbered 1, 2, 3, 4, and 5, are placed...Ch. 3.2 - Each of three balls are randomly placed into one...Ch. 3.2 - A single cell can either die, with probability .1,...Ch. 3.2 - In order to verify the accuracy of their financial...Ch. 3.2 - A rental agency, which leases heavy equipment by...
Ch. 3.2 - Persons entering a blood bank are such that 1 in 3...Ch. 3.3 - Let Y be a random variable with p(y) given in the...Ch. 3.3 - Refer to the coin-tossing game in Exercise 3.2....Ch. 3.3 - The maximum patent life for a new drug is 17...Ch. 3.3 - Who is the king of late night TV? An Internet...Ch. 3.3 - Prob. 16ECh. 3.3 - Refer to Exercise 3.7. Find the mean and standard...Ch. 3.3 - Refer to Exercise 3.8. What is the mean number of...Ch. 3.3 - An insurance company issues a one-year 1000...Ch. 3.3 - A manufacturing company ships its product in two...Ch. 3.3 - The number N of residential homes that a fire...Ch. 3.3 - A single fair die is tossed once. Let Y be the...Ch. 3.3 - In a gambling game a person draws a single card...Ch. 3.3 - Approximately 10% of the glass bottles coming off...Ch. 3.3 - Two construction contracts are to be randomly...Ch. 3.3 - A heavy-equipment salesperson can contact either...Ch. 3.3 - A potential customer for an 85,000 fire insurance...Ch. 3.3 - Refer to Exercise 3.3. If the cost of testing a...Ch. 3.3 - If Y is a discrete random variable that assigns...Ch. 3.3 - Suppose that Y is a discrete random variable with...Ch. 3.3 - Suppose that Y is a discrete random variable with...Ch. 3.3 - Suppose that Y is a discrete random variable with...Ch. 3.3 - Let Y be a discrete random variable with mean and...Ch. 3.3 - The manager of a stockroom in a factory has...Ch. 3.4 - Consider the population of voters described in...Ch. 3.4 - a. A meteorologist in Denver recorded Y = the...Ch. 3.4 - In 2003, the average combined SAT score (math and...Ch. 3.4 - The manufacturer of a low-calorie dairy drink...Ch. 3.4 - A complex electronic system is built with a...Ch. 3.4 - The probability that a patient recovers from a...Ch. 3.4 - A multiple-choice examination has 15 questions,...Ch. 3.4 - Refer to Exercise 3.41. What is the probability...Ch. 3.4 - Many utility companies promote energy conservation...Ch. 3.4 - Prob. 44ECh. 3.4 - A fire-detection device utilizes three...Ch. 3.4 - Prob. 46ECh. 3.4 - Use Table 1, Appendix 3, to construct a...Ch. 3.4 - A missile protection system consists of n radar...Ch. 3.4 - A manufacturer of floor wax has developed two new...Ch. 3.4 - In Exercise 2.151, you considered a model for the...Ch. 3.4 - In the 18th century, the Chevalier de Mere asked...Ch. 3.4 - Prob. 52ECh. 3.4 - Tay-Sachs disease is a genetic disorder that is...Ch. 3.4 - Suppose that Y is a binomial random variable based...Ch. 3.4 - Suppose that Y is a binomial random variable with...Ch. 3.4 - An oil exploration firm is formed with enough...Ch. 3.4 - Refer to Exercise 3.56. Suppose the firm has a...Ch. 3.4 - A particular sale involves four items randomly...Ch. 3.4 - Ten motors are packaged for sale in a certain...Ch. 3.4 - A particular concentration of a chemical found in...Ch. 3.4 - Of the volunteers donating blood in a clinic, 80%...Ch. 3.4 - Prob. 62ECh. 3.4 - Consider the binomial distribution with n trials...Ch. 3.4 - Prob. 64ECh. 3.4 - Prob. 65ECh. 3.5 - Suppose that Y is a random variable with a...Ch. 3.5 - Suppose that 30% of the applicants for a certain...Ch. 3.5 - Refer to Exercise 3.67. What is the expected...Ch. 3.5 - About six months into George W. Bushs second term...Ch. 3.5 - An oil prospector will drill a succession of holes...Ch. 3.5 - Prob. 71ECh. 3.5 - Prob. 72ECh. 3.5 - A certified public accountant (CPA) has found that...Ch. 3.5 - Refer to Exercise 3.73. What are the mean and...Ch. 3.5 - The probability of a customer arrival at a grocery...Ch. 3.5 - Prob. 76ECh. 3.5 - If Y has a geometric distribution with success...Ch. 3.5 - Of a population of consumers, 60% are reputed to...Ch. 3.5 - In responding to a survey question on a sensitive...Ch. 3.5 - Two people took turns tossing a fair die until one...Ch. 3.5 - How many times would you expect to toss a balanced...Ch. 3.5 - Refer to Exercise 3.70. The prospector drills...Ch. 3.5 - The secretary in Exercises 2.121 and 3.16 was...Ch. 3.5 - Refer to Exercise 3.83. Find the mean and the...Ch. 3.5 - Find E[Y(Y 1)] for a geometric random variable Y...Ch. 3.5 - Prob. 86ECh. 3.5 - Prob. 87ECh. 3.5 - If Y is a geometric random variable, define Y = Y ...Ch. 3.5 - Prob. 89ECh. 3.6 - The employees of a firm that manufactures...Ch. 3.6 - Refer to Exercise 3.90. If each test costs 20,...Ch. 3.6 - Ten percent of the engines manufactured on an...Ch. 3.6 - Refer to Exercise 3.92. What is the probability...Ch. 3.6 - Refer to Exercise 3.92. Find the mean and variance...Ch. 3.6 - Refer to Exercise 3.92. Given that the first two...Ch. 3.6 - The telephone lines serving an airline reservation...Ch. 3.6 - A geological study indicates that an exploratory...Ch. 3.6 - Prob. 98ECh. 3.6 - In a sequence of independent identical trials with...Ch. 3.6 - If Y is a negative binomial random variable,...Ch. 3.6 - Prob. 101ECh. 3.7 - An urn contains ten marbles, of which five are...Ch. 3.7 - A warehouse contains ten printing machines, four...Ch. 3.7 - Twenty identical looking packets of white power...Ch. 3.7 - In southern California, a growing number of...Ch. 3.7 - Refer to Exercise 3.103. The company repairs the...Ch. 3.7 - A group of six software packages available to...Ch. 3.7 - A shipment of 20 cameras includes 3 that are...Ch. 3.7 - Seed are often treated with fungicides to protect...Ch. 3.7 - A corporation is sampling without replacement for...Ch. 3.7 - Prob. 111ECh. 3.7 - Used photocopy machines are returned to the...Ch. 3.7 - A jury of 6 persons was selected from a group of...Ch. 3.7 - Refer to Exercise 3.113. If the selection process...Ch. 3.7 - Suppose that a radio contains six transistors, two...Ch. 3.7 - In an assembly-line production of industrial...Ch. 3.7 - Five cards are dealt at random and without...Ch. 3.7 - Cards are dealt at random and without replacement...Ch. 3.8 - Let Y denote a random variable that has a Poisson...Ch. 3.8 - Customers arrive at a checkout counter in a...Ch. 3.8 - The random variable Y has a Poisson distribution...Ch. 3.8 - Approximately 4% of silicon wafers produced by a...Ch. 3.8 - Refer to Exercise 3.122. If it takes approximately...Ch. 3.8 - Refer to Exercise 3.122. Assume that arrivals...Ch. 3.8 - The number of typing errors made by a typist has a...Ch. 3.8 - Cars arrive at a toll both according to a Poisson...Ch. 3.8 - Refer to Exercise 3.128. How long can the...Ch. 3.8 - A parking lot has two entrances. Cars arrive at...Ch. 3.8 - The number of knots in a particular type of wood...Ch. 3.8 - The mean number of automobiles entering a mountain...Ch. 3.8 - Assume that the tunnel in Exercise 3.132 is...Ch. 3.8 - Consider a binomial experiment for n = 20, p =...Ch. 3.8 - A salesperson has found that the probability of a...Ch. 3.8 - Increased research and discussion have focused on...Ch. 3.8 - The probability that a mouse inoculated with a...Ch. 3.8 - Let Y have a Poisson distribution with mean . Find...Ch. 3.8 - In the daily production of a certain kind of rope,...Ch. 3.8 - Prob. 140ECh. 3.8 - A food manufacturer uses an extruder (a machine...Ch. 3.8 - Prob. 142ECh. 3.8 - Refer to Exercise 3.142 (c). If the number of...Ch. 3.8 - Prob. 144ECh. 3.9 - Prob. 145ECh. 3.9 - Differentiate the moment-generating function in...Ch. 3.9 - Prob. 147ECh. 3.9 - Prob. 148ECh. 3.9 - Refer to Exercise 3.145. Use the uniqueness of...Ch. 3.9 - Refer to Exercise 3.147. Use the uniqueness of...Ch. 3.9 - Refer to Exercise 3.145. If Y has...Ch. 3.9 - Prob. 152ECh. 3.9 - Find the distributions of the random variables...Ch. 3.9 - Refer to Exercise 3.153. By inspection, give the...Ch. 3.9 - Let m(t)=(1/6)et+(2/6)e2t+(3/6)e3t. Find the...Ch. 3.9 - Suppose that Y is a random variable with...Ch. 3.9 - Refer to Exercise 3.156. a If W = 3Y, use the...Ch. 3.9 - Prob. 158ECh. 3.9 - Prob. 159ECh. 3.9 - Suppose that Y is a binomial random variable based...Ch. 3.9 - Prob. 161ECh. 3.9 - Prob. 162ECh. 3.9 - Prob. 163ECh. 3.10 - Prob. 164ECh. 3.10 - Prob. 165ECh. 3.10 - Prob. 166ECh. 3.11 - Let Y be a random variable with mean 11 and...Ch. 3.11 - Would you rather take a multiple-choice test or a...Ch. 3.11 - This exercise demonstrates that, in general, the...Ch. 3.11 - Prob. 170ECh. 3.11 - Prob. 171ECh. 3.11 - Prob. 172ECh. 3.11 - A balanced coin is tossed three times. Let Y equal...Ch. 3.11 - Prob. 174ECh. 3.11 - Prob. 175ECh. 3.11 - Prob. 176ECh. 3.11 - For a certain section of a pine forest, the number...Ch. 3.11 - Prob. 178ECh. 3.11 - Refer to Exercise 3.91. In this exercise, we...Ch. 3 - Prob. 180SECh. 3 - Prob. 181SECh. 3 - Prob. 182SECh. 3 - Prob. 183SECh. 3 - A city commissioner claims that 80% of the people...Ch. 3 - Prob. 185SECh. 3 - Refer to Exercises 3.67 and 3.68. Let Y denote the...Ch. 3 - Consider the following game: A player throws a...Ch. 3 - Prob. 188SECh. 3 - Prob. 189SECh. 3 - Toss a balanced die and let Y be the number of...Ch. 3 - Two assembly lines I and II have the same rate of...Ch. 3 - Prob. 194SECh. 3 - The number of imperfections in the weave of a...Ch. 3 - Refer to Exercise 3.195. The cost of repairing the...Ch. 3 - The number of bacteria colonies of a certain type...Ch. 3 - Prob. 198SECh. 3 - Insulin-dependent diabetes (IDD) is a common...Ch. 3 - Prob. 200SECh. 3 - Prob. 201SECh. 3 - The number of cars driving past a parking area in...Ch. 3 - Prob. 203SECh. 3 - The probability that any single driver will turn...Ch. 3 - An experiment consists of tossing a fair die until...Ch. 3 - Accident records collected by an automobile...Ch. 3 - Prob. 207SECh. 3 - Prob. 208SECh. 3 - Prob. 209SECh. 3 - Prob. 210SECh. 3 - A merchant stocks a certain perishable item. She...Ch. 3 - Prob. 212SECh. 3 - A lot of N = 100 industrial products contains...Ch. 3 - For simplicity, let us assume that there are two...Ch. 3 - Prob. 216SECh. 3 - Prob. 217SECh. 3 - Prob. 218SE
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- 21. ANALYSIS OF LAST DIGITS Heights of statistics students were obtained by the author as part of an experiment conducted for class. The last digits of those heights are listed below. Construct a frequency distribution with 10 classes. Based on the distribution, do the heights appear to be reported or actually measured? Does there appear to be a gap in the frequencies and, if so, how might that gap be explained? What do you know about the accuracy of the results? 3 4 555 0 0 0 0 0 0 0 0 0 1 1 23 3 5 5 5 5 5 5 5 5 5 5 5 5 6 6 8 8 8 9arrow_forwardA side view of a recycling bin lid is diagramed below where two panels come together at a right angle. 45 in 24 in Width? — Given this information, how wide is the recycling bin in inches?arrow_forward1 No. 2 3 4 Binomial Prob. X n P Answer 5 6 4 7 8 9 10 12345678 8 3 4 2 2552 10 0.7 0.233 0.3 0.132 7 0.6 0.290 20 0.02 0.053 150 1000 0.15 0.035 8 7 10 0.7 0.383 11 9 3 5 0.3 0.132 12 10 4 7 0.6 0.290 13 Poisson Probability 14 X lambda Answer 18 4 19 20 21 22 23 9 15 16 17 3 1234567829 3 2 0.180 2 1.5 0.251 12 10 0.095 5 3 0.101 7 4 0.060 3 2 0.180 2 1.5 0.251 24 10 12 10 0.095arrow_forward
- step by step on Microssoft on how to put this in excel and the answers please Find binomial probability if: x = 8, n = 10, p = 0.7 x= 3, n=5, p = 0.3 x = 4, n=7, p = 0.6 Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems) Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150) Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7,…arrow_forwardKate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). What is an example of fair division of the cake S1 S2 S3 S4 Kate $4.00 $6.00 $6.00 $4.00 Luke $5.30 $5.00 $5.25 $5.45 Mary $4.25 $4.50 $3.50 $3.75 Nancy $6.00 $4.00 $4.00 $6.00arrow_forwardFaye cuts the sandwich in two fair shares to her. What is the first half s1arrow_forward
- Question 2. An American option on a stock has payoff given by F = f(St) when it is exercised at time t. We know that the function f is convex. A person claims that because of convexity, it is optimal to exercise at expiration T. Do you agree with them?arrow_forwardQuestion 4. We consider a CRR model with So == 5 and up and down factors u = 1.03 and d = 0.96. We consider the interest rate r = 4% (over one period). Is this a suitable CRR model? (Explain your answer.)arrow_forwardQuestion 3. We want to price a put option with strike price K and expiration T. Two financial advisors estimate the parameters with two different statistical methods: they obtain the same return rate μ, the same volatility σ, but the first advisor has interest r₁ and the second advisor has interest rate r2 (r1>r2). They both use a CRR model with the same number of periods to price the option. Which advisor will get the larger price? (Explain your answer.)arrow_forward
- Question 5. We consider a put option with strike price K and expiration T. This option is priced using a 1-period CRR model. We consider r > 0, and σ > 0 very large. What is the approximate price of the option? In other words, what is the limit of the price of the option as σ∞. (Briefly justify your answer.)arrow_forwardQuestion 6. You collect daily data for the stock of a company Z over the past 4 months (i.e. 80 days) and calculate the log-returns (yk)/(-1. You want to build a CRR model for the evolution of the stock. The expected value and standard deviation of the log-returns are y = 0.06 and Sy 0.1. The money market interest rate is r = 0.04. Determine the risk-neutral probability of the model.arrow_forwardSeveral markets (Japan, Switzerland) introduced negative interest rates on their money market. In this problem, we will consider an annual interest rate r < 0. We consider a stock modeled by an N-period CRR model where each period is 1 year (At = 1) and the up and down factors are u and d. (a) We consider an American put option with strike price K and expiration T. Prove that if <0, the optimal strategy is to wait until expiration T to exercise.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
- Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage

College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning

Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL


Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning

College Algebra
Algebra
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License