Concept explainers
a.
Check whether
Explain the answer.
a.
Answer to Problem 10P
Events
Explanation of Solution
Calculation:
The prior probabilities for the events
The values of
Mutually exclusive events:
Two or more events are said to be mutually exclusive if they have no element in common. For mutually exclusive events,
Here,
b.
Compute the
b.
Answer to Problem 10P
The probabilities are:
Explanation of Solution
Calculation:
The Multiplication Rule:
For any two events A and B, the multiplication rule states that
Required probabilities are:
Here,
Substitute these values in the above formula.
Therefore,
Thus,
Therefore,
Thus,
c.
Compute the probability value
c.
Answer to Problem 10P
The probability value is,
Explanation of Solution
Calculation:
The probability of the
From part (b),
Substitute these values in the above formula.
Therefore,
Thus,
d.
Compute
d.
Answer to Problem 10P
The probability values are:
Explanation of Solution
Calculation:
Bayes Theorem (Two-Event Case):
From part (b),
From part (c),
Substitute these values in the Bayes’ theorem.
Therefore,
Thus,
Thus,
Want to see more full solutions like this?
Chapter 5 Solutions
ESSEN OF BUSINESS ANALYTICS (LL) BOM
- (c) Utilize Fubini's Theorem to demonstrate that E(X)= = (1- F(x))dx.arrow_forward(c) Describe the positive and negative parts of a random variable. How is the integral defined for a general random variable using these components?arrow_forward26. (a) Provide an example where X, X but E(X,) does not converge to E(X).arrow_forward
- (b) Demonstrate that if X and Y are independent, then it follows that E(XY) E(X)E(Y);arrow_forward(d) Under what conditions do we say that a random variable X is integrable, specifically when (i) X is a non-negative random variable and (ii) when X is a general random variable?arrow_forward29. State the Borel-Cantelli Lemmas without proof. What is the primary distinction between Lemma 1 and Lemma 2?arrow_forward
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL