Concept explainers
Factory Output A manufacturing company has three factories: X, Y, and Z. The daily output of each is shown here.
If 1 item is selected at random, find these
a. It was manufactured at factory X or is a stereo.
b. It was manufactured at factory Y or factory Z.
c. It is a TV or was manufactured at factory Z.
a.
The probability of selecting an item produced by factory X or it is a stereo.
Answer to Problem 4.3.16RE
The probability of selecting an item produced by factory X or it is a stereo is 0.548.
Explanation of Solution
Given info:
A company has three manufacturing units X, Y and Z. The three units produce televisions and stereos.
Calculation:
Let A be the event of selecting an item manufactured by unit X.
The probability of any event A is given below:
Thus, the probability of selecting an item manufactured by unit X is 0.231.
Let B be the event of selecting a stereo.
The probability of any event B is given below:
Thus, the probability of selecting a stereo is 0.375.
Addition rule for dependent events:
If two events A and B are said to be dependent, then the addition of events A and B is,
The number of items common between unit X and stereo is 6.
The probability of selecting an item produced by unit X or it is a stereo is given below,
Thus, the probability of selecting an item produced by unit X or it is a stereo is 0.548.
b.
The probability of selecting an item produced by unit Y or by unit Z.
Answer to Problem 4.3.16RE
The probability of selecting anitem produced by unit X or by unit Y is 0.77.
Explanation of Solution
Calculation:
Let C be the event of selecting an item manufactured by unit Y.
The probability of any event C is given below:
The probability of selecting an item manufactured by unit Y is given below:
Thus, the probability of selecting an item manufactured by unit Y is 0.5.
Let D be the event of selecting an item manufactured by unit Z.
Thus, the probability of selecting an item manufactured by unit Z is 0.27.
Addition rule for independent events:
If two events A and B are said to be independent, then the addition of events A and B is,
The probability of selecting an item produced by unit Y or by unit Z is given below,
Thus, the probability of selecting an item produced by unit Y or by unit Z is 0.77.
c.
The probability of selecting a TV or a unit produced by unit Z.
Answer to Problem 4.3.16RE
The probability of selecting a TV or a unit produced by unit Z is0.769.
Explanation of Solution
Calculation:
Let E denote the event of selecting a TV.
The probability of any event E is given below:
Thus, the probability of selecting a TV is 0.625.
The number of items common between TV and unit Z is 15.
The probability of selecting a TV or a unit produced by unit Z is given below:
Thus, the probability of selecting a TV or a unit produced by unit Z is 0.769.
Want to see more full solutions like this?
Chapter 4 Solutions
ALEKS 360 ELEM STATISTICS
- Question 6: Negate the following compound statements, using De Morgan's laws. A) If Alberta was under water entirely then there should be no fossil of mammals.arrow_forwardNegate the following compound statement using De Morgans's laws.arrow_forwardCharacterize (with proof) all connected graphs that contain no even cycles in terms oftheir blocks.arrow_forward
- Let G be a connected graph that does not have P4 or C3 as an induced subgraph (i.e.,G is P4, C3 free). Prove that G is a complete bipartite grapharrow_forwardProve sufficiency of the condition for a graph to be bipartite that is, prove that if G hasno odd cycles then G is bipartite as follows:Assume that the statement is false and that G is an edge minimal counterexample. That is, Gsatisfies the conditions and is not bipartite but G − e is bipartite for any edge e. (Note thatthis is essentially induction, just using different terminology.) What does minimality say aboutconnectivity of G? Can G − e be disconnected? Explain why if there is an edge between twovertices in the same part of a bipartition of G − e then there is an odd cyclearrow_forwardLet G be a connected graph that does not have P4 or C4 as an induced subgraph (i.e.,G is P4, C4 free). Prove that G has a vertex adjacent to all othersarrow_forward
- We consider a one-period market with the following properties: the current stock priceis S0 = 4. At time T = 1 year, the stock has either moved up to S1 = 8 (with probability0.7) or down towards S1 = 2 (with probability 0.3). We consider a call option on thisstock with maturity T = 1 and strike price K = 5. The interest rate on the money marketis 25% yearly.(a) Find the replicating portfolio (φ, ψ) corresponding to this call option.(b) Find the risk-neutral (no-arbitrage) price of this call option.(c) We now consider a put option with maturity T = 1 and strike price K = 3 onthe same market. Find the risk-neutral price of this put option. Reminder: A putoption gives you the right to sell the stock for the strike price K.1(d) An investor with initial capital X0 = 0 wants to invest on this market. He buysα shares of the stock (or sells them if α is negative) and buys β call options (orsells them is β is negative). He invests the cash balance on the money market (orborrows if the amount is…arrow_forwardDetermine if the two statements are equivalent using a truth tablearrow_forwardQuestion 4: Determine if pair of statements A and B are equivalent or not, using truth table. A. (~qp)^~q в. р л~9arrow_forward
- Determine if the two statements are equalivalent using a truth tablearrow_forwardQuestion 3: p and q represent the following simple statements. p: Calgary is the capital of Alberta. A) Determine the value of each simple statement p and q. B) Then, without truth table, determine the va q: Alberta is a province of Canada. for each following compound statement below. pvq р^~q ~рл~q ~q→ p ~P~q Pq b~ (d~ ← b~) d~ (b~ v d) 0 4arrow_forward2. Let X be a random variable. (a) Show that, if E X2 = 1 and E X4arrow_forwardarrow_back_iosSEE MORE QUESTIONSarrow_forward_ios
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningAlgebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
- Elementary Linear Algebra (MindTap Course List)AlgebraISBN:9781305658004Author:Ron LarsonPublisher:Cengage Learning