ALEKS 360 ESSENT. STAT ACCESS CARD
ALEKS 360 ESSENT. STAT ACCESS CARD
2nd Edition
ISBN: 9781266836428
Author: Navidi
Publisher: MCG
bartleby

Concept explainers

bartleby

Videos

Question
Book Icon
Chapter 4, Problem 7RE

a.

To determine

List all the outcomes in the sample space.

a.

Expert Solution
Check Mark

Answer to Problem 7RE

The sample space for the experiment is given by: {DDD,DDG,DGD,GDD,DGG,GDG,GGD,GGG}

Explanation of Solution

It is given that three circuits were installed in a computer. There were 12% chances that the circuit is defective. A defective circuit is denoted by ‘D’ and a good circuit by ‘G’.

Sample space:

The set of all possible outcomes of a probability experiment is called sample space of the experiment.

Here, each circuit has two possibilities D and G. Therefore, the sample space of the experiment is {DDD,DDG,DGD,GDD,DGG,GDG,GGD,GGG}. First, second and third letter in each outcome represents whether or not the first, second and third circuit is good or defective.

b.

To determine

Compute the probability that all three circuits are good.

b.

Expert Solution
Check Mark

Answer to Problem 7RE

The probability that all three circuits are good is 0.6815.

Explanation of Solution

Calculation:

Here, circuits are independents to each other.

Multiplication Rule for Independent Events:

For any two independent events A and B, P(Aand B)=P(A)×P(B).

Required probability can be obtained as follows:

P(all three circuits are good)=P(first is good)×P(second is good)×P(third is good)

There are 12% chances that the circuit is defective. That is, P(Defective)=0.12.

Therefore,

P(G)=10.12=0.88

Substitute this value in the above formula.

Therefore,

P(all three circuits are good)=P(GGG)=(0.88)×(0.88)×(0.88)=(0.88)3=0.681470.6815

Thus, the probability that all three circuits are good is 0.6815.

c.

To determine

Compute the probability that a computer will function.

c.

Expert Solution
Check Mark

Answer to Problem 7RE

The probability that a computer will function is 0.9603.

Explanation of Solution

Calculation:

The computer will function only when two or three of the circuits are good.

Required probability can be obtained as follows:

P( two or three circuits are good)=P(GGD)+P(GDG)+P(DGG)+P(GGG)

From part (a), P(D)=0.12andP(G)=0.88. Substitute this value in the above formula and use the multiplication rule.

Therefore,

P( two or three circuits are good)=P(GGD)+P(GDG)+P(DGG)+P(GGG)=[P(G)×P(G)×P(D)+P(G)×P(D)×P(G)+P(D)×P(G)×P(G)+P(G)×P(G)×P(G)]=[(0.88)×(0.88)×(0.12)+(0.88)×(0.12)×(0.88)+(0.12)×(0.88)×(0.88)+(0.88)×(0.88)×(0.88)]=[3×(0.88)2×(0.12)+(0.88)3]=0.278784+0.681472=0.960256=0.9603

Thus, the probability that computer will function is 0.9603.

d.

To determine

Check whether all three circuits to be defective are unusual or not.

d.

Expert Solution
Check Mark

Answer to Problem 7RE

All three circuits to be defective are unusual.

Explanation of Solution

Calculation:

The cut off is 0.05.

Unusual events:

An event is said to be unusual if the probability of occurrence of that event is less than 0.05.

Required probability can be obtained as follows:

P(all three circuits are defective)=[P(first is defective)×P(second is defective)×P(third is defective)]

There are 12% chances that the circuit is defective.  That is, P(D)=0.12 Substitute this value in the above formula.

Therefore,

P(all three circuits are defective)=P(DDD)=(0.12)×(0.12)×(0.12)=(0.12)3=0.001728=0.0017

Thus, the probability that all three circuits are defective is 0.0017.

Here,

P(all three circuits are defective)=0.0017<0.05

Therefore, event all three circuits to be defective are unusual.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
An article appeared in the Journal of Gambling Issues, in which the authors looked at random samples of Ontario residents who (i) have not completed some form of post-secondary education and (ii) have completed some form of post-secondary education. A code of 0 indicates the person does not have a gambling problem, a code of 1 indicates the person does have a gambling problem. The data is found in the accompanying data file. Download.csv file To count the frequencies of 0 and 1 in each sample, use the table(your_dataset_name$ column's name) function. Make sure to replace "your_dataset_name" with the actual name of your data file and specify the correct column name. For example: table(file60c5d1286c735$ CompletedPSEducation) Let PNOPS represent the proportion of persons not completing some form of post-secondary education who have a gambling problem, and PPs be the proportion of persons having completed post-secondary education who have a gambling problem. (a) Find a 92% confidence…
We consider a (European) call option on a stock with expiration in 3 months and strike price $10. The annual interest rate on the market is r = 4%. The current price of the stock is $10 and we assume that the stock follows a geometric Brownian motion (Black-Scholes) model with parameters = 6% and σ = 0.2. (a) Determine the price Fo of this option at time t = : 0 (today). (b) Using the formulas provided in the lecture videos, calculate the value of each of the Greeks for this option. Namely, calculate A, T, v, О, p. (c) Find a formula for the change of the option price with respect to a change in the af (St, t) Әк strike price. In other words, determine (d) For each of the suggested modifications below, use an approximation to determine the change in the price of the option above without actually recalculating the price. For each one, provide an intuitive argument to explain why the price increases or decreases. (i) The rate of return μ decreases to 5%. (ii) The interest rate r…
A box containing 24 seemly identical resistors has just been received. However,unbeknownst, 4 of these resistors are defective. a. Five resistors are randomly selected from this box without replacement (oncemoved from the box it is not returned to the box), what is the probability that oneor more of the defective resistors is among those selected? b. Five resistors are randomly selected from this box with replacement (after theresistor is removed and checked, it is returned to the box prior to the nextselection (hence the same resistor can be selected more than once)), what is theprobability that one or more of the defective resistors is among those selected?

Chapter 4 Solutions

ALEKS 360 ESSENT. STAT ACCESS CARD

Ch. 4.1 - Prob. 11ECh. 4.1 - Prob. 12ECh. 4.1 - Prob. 13ECh. 4.1 - Prob. 14ECh. 4.1 - Prob. 15ECh. 4.1 - Prob. 16ECh. 4.1 - Prob. 17ECh. 4.1 - Prob. 18ECh. 4.1 - Prob. 19ECh. 4.1 - Prob. 20ECh. 4.1 - Prob. 21ECh. 4.1 - In Exercises 21–24, assume that a coin is tossed...Ch. 4.1 - Prob. 23ECh. 4.1 - In Exercises 21–24, assume that a coin is tossed...Ch. 4.1 - How probable is it? Someone computes the...Ch. 4.1 - Prob. 26ECh. 4.1 - Prob. 27ECh. 4.1 - Prob. 28ECh. 4.1 - Prob. 29ECh. 4.1 - 30. A coin flip: A fair coin is tossed three...Ch. 4.1 - 31. Empirical Method: A coin is tossed 400 times...Ch. 4.1 - Prob. 32ECh. 4.1 - Prob. 33ECh. 4.1 - Prob. 34ECh. 4.1 - Prob. 35ECh. 4.1 - Prob. 36ECh. 4.1 - Prob. 37ECh. 4.1 - Prob. 38ECh. 4.1 - 39. Get an education: The General Social Survey...Ch. 4.1 - Prob. 40ECh. 4.1 - 41. Hospital visits: According to the Agency for...Ch. 4.1 - Prob. 42ECh. 4.1 - Prob. 43ECh. 4.1 - Prob. 44ECh. 4.1 - Prob. 45ECh. 4.1 - Prob. 46ECh. 4.1 - Prob. 47ECh. 4.1 - Prob. 48ECh. 4.1 - Prob. 49ECh. 4.2 - Prob. 1CYUCh. 4.2 - Prob. 2CYUCh. 4.2 - Prob. 3CYUCh. 4.2 - Prob. 4CYUCh. 4.2 - Prob. 5ECh. 4.2 - In Exercises 5–8, fill in each blank with the...Ch. 4.2 - In Exercises 5–8, fill in each blank with the...Ch. 4.2 - In Exercises 5–8, fill in each blank with the...Ch. 4.2 - Prob. 9ECh. 4.2 - Prob. 10ECh. 4.2 - Prob. 11ECh. 4.2 - Prob. 12ECh. 4.2 - Prob. 13ECh. 4.2 - Prob. 14ECh. 4.2 - Prob. 15ECh. 4.2 - 16. If P (A) = 0.7, P (B) = 0.1, and A and B are...Ch. 4.2 - Prob. 17ECh. 4.2 - Prob. 18ECh. 4.2 - Prob. 19ECh. 4.2 - 20. If P(B) = 0.6, find P(Bc). Ch. 4.2 - Prob. 21ECh. 4.2 - Prob. 22ECh. 4.2 - Prob. 23ECh. 4.2 - Prob. 24ECh. 4.2 - Prob. 25ECh. 4.2 - In Exercises 25–30, determine whether events A and...Ch. 4.2 - Prob. 27ECh. 4.2 - Prob. 28ECh. 4.2 - In Exercises 25–30, determine whether events A and...Ch. 4.2 - In Exercises 25–30, determine whether events A and...Ch. 4.2 - In Exercises 31 and 32, find the complements of...Ch. 4.2 - In Exercises 31 and 32, find the complements of...Ch. 4.2 - Prob. 33ECh. 4.2 - Prob. 34ECh. 4.2 - Prob. 35ECh. 4.2 - 36. Sick computers: Let V be the event that a...Ch. 4.2 - Prob. 37ECh. 4.2 - Prob. 38ECh. 4.2 - Prob. 39ECh. 4.2 - 40. Statistics grades: In a statistics class of 30...Ch. 4.2 - Prob. 41ECh. 4.2 - Prob. 42ECh. 4.2 - Prob. 43ECh. 4.2 - Prob. 44ECh. 4.2 - Prob. 45ECh. 4.2 - Prob. 46ECh. 4.2 - 47. Mutual exclusivity is not transitive: Give an...Ch. 4.2 - 48. Complements: Let A and B be events. Express (A...Ch. 4.3 - 1. A person is selected at random from the...Ch. 4.3 - Prob. 2CYUCh. 4.3 - Prob. 3CYUCh. 4.3 - Prob. 4CYUCh. 4.3 - Prob. 5CYUCh. 4.3 - Prob. 6CYUCh. 4.3 - Prob. 7ECh. 4.3 - Prob. 8ECh. 4.3 - In Exercises 7–10, fill in each blank with the...Ch. 4.3 - In Exercises 7–10, fill in each blank with the...Ch. 4.3 - Prob. 11ECh. 4.3 - In Exercises 11–14, determine whether the...Ch. 4.3 - Prob. 13ECh. 4.3 - Prob. 14ECh. 4.3 - Prob. 15ECh. 4.3 - Prob. 16ECh. 4.3 - Prob. 17ECh. 4.3 - 18. Let A and B be events with P(A) = 0.5 and P(B)...Ch. 4.3 - 19. Let A and B be events with P (A) = 0.8, P(B) =...Ch. 4.3 - 20. Let A and B be events with P(A) = 0.3, P(B) =...Ch. 4.3 - Prob. 21ECh. 4.3 - Prob. 22ECh. 4.3 - Prob. 23ECh. 4.3 - Prob. 24ECh. 4.3 - Prob. 25ECh. 4.3 - Prob. 26ECh. 4.3 - Prob. 27ECh. 4.3 - In Exercises 27–30, assume that a student is...Ch. 4.3 - Prob. 29ECh. 4.3 - Prob. 30ECh. 4.3 - Prob. 31ECh. 4.3 - 32. Let A and B be events with P(A) = 0.6, P(B) =...Ch. 4.3 - Prob. 33ECh. 4.3 - Prob. 34ECh. 4.3 - Prob. 35ECh. 4.3 - Prob. 36ECh. 4.3 - Job interview: Seven people, named Anna, Bob,...Ch. 4.3 - Prob. 38ECh. 4.3 - Prob. 39ECh. 4.3 - 40. U.S. senators: The following table displays...Ch. 4.3 - Prob. 41ECh. 4.3 - Prob. 42ECh. 4.3 - Prob. 43ECh. 4.3 - Prob. 44ECh. 4.3 - Prob. 45ECh. 4.3 - Prob. 46ECh. 4.3 - Prob. 47ECh. 4.3 - Prob. 48ECh. 4.3 - Prob. 49ECh. 4.3 - Prob. 50ECh. 4.3 - Prob. 51ECh. 4.3 - Prob. 52ECh. 4.3 - Prob. 53ECh. 4.3 - Prob. 54ECh. 4.3 - Prob. 55ECh. 4.3 - Prob. 56ECh. 4.3 - Prob. 57ECh. 4.3 - Prob. 58ECh. 4.3 - Prob. 59ECh. 4.3 - Prob. 60ECh. 4.3 - Prob. 61ECh. 4.3 - Prob. 62ECh. 4.3 - Prob. 63ECh. 4.3 - Prob. 64ECh. 4.3 - Prob. 65ECh. 4.4 - When ordering a certain type of computer, there...Ch. 4.4 - Prob. 2CYUCh. 4.4 - Prob. 3CYUCh. 4.4 - Refer to Exercise 3. Two of the committee members...Ch. 4.4 - Prob. 5CYUCh. 4.4 - Refer to Exercise 5. Four of the eight students...Ch. 4.4 - Prob. 7ECh. 4.4 - In Exercises 7 and 8, fill in the blank with the...Ch. 4.4 - Prob. 9ECh. 4.4 - In Exercises 9 and 10, determine whether the...Ch. 4.4 - Prob. 11ECh. 4.4 - In Exercises 11–16, evaluate the factorial. 12. 5!Ch. 4.4 - Prob. 13ECh. 4.4 - Prob. 14ECh. 4.4 - Prob. 15ECh. 4.4 - In Exercises 11–16, evaluate the factorial. 16. 3!Ch. 4.4 - Prob. 17ECh. 4.4 - Prob. 18ECh. 4.4 - Prob. 19ECh. 4.4 - Prob. 20ECh. 4.4 - Prob. 21ECh. 4.4 - Prob. 22ECh. 4.4 - Prob. 23ECh. 4.4 - In Exercises 23–28, evaluate the combination. 24....Ch. 4.4 - Prob. 25ECh. 4.4 - In Exercises 23–28, evaluate the combination. 26....Ch. 4.4 - Prob. 27ECh. 4.4 - In Exercises 23–28, evaluate the combination. 28....Ch. 4.4 - Prob. 29ECh. 4.4 - Books: Josephine has six chemistry books, three...Ch. 4.4 - Prob. 31ECh. 4.4 - 32. Ice cream: A certain ice cream parlor offers...Ch. 4.4 - License plates: In a certain state, license plates...Ch. 4.4 - Committee: The Student Council at a certain school...Ch. 4.4 - Day and night shifts: A company has hired 12 new...Ch. 4.4 - Keep your password safe: A computer password...Ch. 4.4 - It’s in your genes: Human genetic material (DNA)...Ch. 4.4 - Choosing officers: A committee consists of ten...Ch. 4.4 - Prob. 39ECh. 4.4 - Blackjack: In single-deck casino blackjack, the...Ch. 4.4 - Prob. 41ECh. 4.4 - Prob. 42ECh. 4.4 - Prob. 43ECh. 4 - Fill in the blank: The probability that a fair...Ch. 4 - Prob. 2CQCh. 4 - Prob. 3CQCh. 4 - Prob. 4CQCh. 4 - Prob. 5CQCh. 4 - Prob. 6CQCh. 4 - Prob. 7CQCh. 4 - Prob. 8CQCh. 4 - Prob. 9CQCh. 4 - Prob. 10CQCh. 4 - Prob. 11CQCh. 4 - Prob. 12CQCh. 4 - Prob. 13CQCh. 4 - Prob. 14CQCh. 4 - Prob. 15CQCh. 4 - Prob. 1RECh. 4 - Prob. 2RECh. 4 - Prob. 3RECh. 4 - Blood types: Human blood may contain either or...Ch. 4 - Prob. 5RECh. 4 - Stop that car: A drag racer has two parachutes, a...Ch. 4 - Prob. 7RECh. 4 - Music to my ears: Jeri is listening to the songs...Ch. 4 - Prob. 9RECh. 4 - Prob. 10RECh. 4 - Rainy weekend: Sally is planning to go away for...Ch. 4 - Prob. 12RECh. 4 - Required courses: Refer to Exercise 12. Assume the...Ch. 4 - Bookshelf: Bart has six books: a novel, a...Ch. 4 - Bookshelf: Refer to Exercise 14. Bart chooses...Ch. 4 - Prob. 1WAICh. 4 - Prob. 2WAICh. 4 - Prob. 3WAICh. 4 - Prob. 4WAICh. 4 - Prob. 5WAICh. 4 - Prob. 6WAICh. 4 - Describe circumstances under which you would use a...Ch. 4 - Describe circumstances under which you would use a...Ch. 4 - The following table is a life table, reproduced...Ch. 4 - Prob. 2CSCh. 4 - Prob. 3CSCh. 4 - Prob. 4CSCh. 4 - Prob. 5CSCh. 4 - Prob. 6CSCh. 4 - Prob. 7CSCh. 4 - Prob. 8CSCh. 4 - Prob. 9CS
Knowledge Booster
Background pattern image
Statistics
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
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Text book image
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Text book image
College Algebra
Algebra
ISBN:9781337282291
Author:Ron Larson
Publisher:Cengage Learning
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
PREALGEBRA
Algebra
ISBN:9781938168994
Author:OpenStax
Publisher:OpenStax
Text book image
College Algebra
Algebra
ISBN:9781938168383
Author:Jay Abramson
Publisher:OpenStax
Bayes' Theorem 1: Introduction and conditional probability; Author: Dr Nic's Maths and Stats;https://www.youtube.com/watch?v=lQVkXfJ-rpU;License: Standard YouTube License, CC-BY
What is Conditional Probability | Bayes Theorem | Conditional Probability Examples & Problems; Author: ACADGILD;https://www.youtube.com/watch?v=MxOny_1y2Q4;License: Standard YouTube License, CC-BY
Bayes' Theorem of Probability With Tree Diagrams & Venn Diagrams; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=OByl4RJxnKA;License: Standard YouTube License, CC-BY
Bayes' Theorem - The Simplest Case; Author: Dr. Trefor Bazett;https://www.youtube.com/watch?v=XQoLVl31ZfQ;License: Standard Youtube License