Concept explainers
a.
Construct the
a.

Answer to Problem 49E
The probability distribution for the random variable X is,
x | P(x) |
1 | 0.1278 |
2 | 0.1241 |
3 | 0.1236 |
4 | 0.1222 |
5 | 0.1227 |
6 | 0.1247 |
7 | 0.1266 |
8 | 0.1283 |
Explanation of Solution
Calculation:
The table represents the numbers of students enrolled in grades 1 through 8 in public schools in United States. The random variable X denotes the grade of a student sampled at random from the population.
Here, the total number of students is 29,343. The corresponding probabilities of the random variable X are obtained by dividing the frequency of students in each grade (f) by total frequency (N).
That is,
For x=1:
Similarly the remaining probabilities are obtained as follows:
x | P(x) | |
1 | 0.1278 | |
2 | 0.1241 | |
3 | 0.1236 | |
4 | 0.1222 | |
5 | 0.1227 | |
6 | 0.1247 | |
7 | 0.1266 | |
8 | 0.1283 | |
Total | 1.0000 |
Thus, the discrete probability distribution for the random variable X is obtained.
b.
Find the probability that the student is in fourth grade.
b.

Answer to Problem 49E
The probability that the student is in fourth grade is 0.1222.
Explanation of Solution
The table obtained in part (a) represents the probability distribution of the random variable X, the number of students enrolled in each grade.
The probability that the student is in fourth grade is the probability at
From the probability distribution table, the probability at
Thus, the probability that the student is in fourth grade is 0.1222.
c.
Find the probability that the student is in seventh or eighth grade.
c.

Answer to Problem 49E
The probability that the student is in seventh or eighth grade is 0.2549.
Explanation of Solution
Calculation:
The probability that the student is in seventh or eighth grade is the sum of the probabilities at the points
Substituting the values from the probability distribution table obtained in part (a),
Thus, the probability that the student is in seventh or eighth grade is 0.2549.
d.
Find the
d.

Answer to Problem 49E
The mean value is 4.51.
Explanation of Solution
Calculation:
The formula for the mean of a discrete random variable is,
The mean of the random variable is obtained as given below:
x | P(x) | |
1 | 0.1278 | 0.13 |
2 | 0.1241 | 0.25 |
3 | 0.1236 | 0.37 |
4 | 0.1222 | 0.49 |
5 | 0.1227 | 0.61 |
6 | 0.1247 | 0.75 |
7 | 0.1266 | 0.89 |
8 | 0.1283 | 1.03 |
Total | 1.0000 | 4.51 |
Thus, the mean value is 4.51.
f.
Find the standard deviation.
f.

Answer to Problem 49E
The standard deviation is 2.31.
Explanation of Solution
Calculation:
The standard deviation of the random variable X is obtained by taking the square root of variance.
The formula for the variance of the discrete random variable X is,
Where
The variance of the random variable X is obtained using the following table:
x | P(x) | |||
1 | 0.1278 | –3.51 | 12.3201 | 1.5745 |
2 | 0.1241 | –2.51 | 6.3001 | 0.7815 |
3 | 0.1236 | –1.51 | 2.2801 | 0.2818 |
4 | 0.1222 | –0.51 | 0.2601 | 0.0318 |
5 | 0.1227 | 0.49 | 0.2401 | 0.0295 |
6 | 0.1247 | 1.49 | 2.2201 | 0.2769 |
7 | 0.1266 | 2.49 | 6.2001 | 0.7850 |
8 | 0.1283 | 3.49 | 12.1801 | 1.5628 |
Total | 1.0000 | –0.08 | 42.0008 | 5.3238 |
Therefore,
Thus, the variance is 5.3238.
The standard deviation is,
That is, the standard deviation is 2.31.
Want to see more full solutions like this?
Chapter 5 Solutions
ALEKS 360 ESSENT. STAT ACCESS CARD
- State and prove the Morton's inequality Theorem 1.1 (Markov's inequality) Suppose that E|X|" 0, and let x > 0. Then, E|X|" P(|X|> x) ≤ x"arrow_forward(iii) If, in addition, X1, X2, ... Xn are identically distributed, then P(S|>x) ≤2 exp{-tx+nt²o}}.arrow_forward5. State space models Consider the model T₁ = Tt−1 + €t S₁ = 0.8S-4+ Nt Y₁ = T₁ + S₁ + V₂ where (+) Y₁,..., Y. ~ WN(0,σ²), nt ~ WN(0,σ2), and (V) ~ WN(0,0). We observe data a. Write the model in the standard (matrix) form of a linear Gaussian state space model. b. Does lim+++∞ Var (St - St|n) exist? If so, what is its value? c. Does lim∞ Var(T₁ — Ît\n) exist? If so, what is its value?arrow_forward
- Let X represent the full height of a certain species of tree. Assume that X has a normal probability distribution with mean 203.8 ft and standard deviation 43.8 ft. You intend to measure a random sample of n = 211trees. The bell curve below represents the distribution of these sample means. The scale on the horizontal axis (each tick mark) is one standard error of the sampling distribution. Complete the indicated boxes, correct to two decimal places. Image attached. I filled in the yellow boxes and am not sure why they are wrong. There are 3 yellow boxes filled in with values 206.82; 209.84; 212.86.arrow_forwardCould you please answer this question using excel.Thanksarrow_forwardQuestions An insurance company's cumulative incurred claims for the last 5 accident years are given in the following table: Development Year Accident Year 0 2018 1 2 3 4 245 267 274 289 292 2019 255 276 288 294 2020 265 283 292 2021 263 278 2022 271 It can be assumed that claims are fully run off after 4 years. The premiums received for each year are: Accident Year Premium 2018 306 2019 312 2020 318 2021 326 2022 330 You do not need to make any allowance for inflation. 1. (a) Calculate the reserve at the end of 2022 using the basic chain ladder method. (b) Calculate the reserve at the end of 2022 using the Bornhuetter-Ferguson method. 2. Comment on the differences in the reserves produced by the methods in Part 1.arrow_forward
- Calculate the correlation coefficient r, letting Row 1 represent the x-values and Row 2 the y-values. Then calculate it again, letting Row 2 represent the x-values and Row 1 the y-values. What effect does switching the variables have on r? Row 1 Row 2 13 149 25 36 41 60 62 78 S 205 122 195 173 133 197 24 Calculate the correlation coefficient r, letting Row 1 represent the x-values and Row 2 the y-values. r=0.164 (Round to three decimal places as needed.) S 24arrow_forwardThe number of initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings (in millions) are shown in the table. The equation of the regression line is y = 47.109x+18,628.54. Complete parts a and b. 455 679 499 496 378 68 157 58 200 17,942|29,215 43,338 30,221 67,266 67,461 22,066 11,190 30,707| 27,569 Issues, x Proceeds, 421 y (a) Find the coefficient of determination and interpret the result. (Round to three decimal places as needed.)arrow_forwardQuestions An insurance company's cumulative incurred claims for the last 5 accident years are given in the following table: Development Year Accident Year 0 2018 1 2 3 4 245 267 274 289 292 2019 255 276 288 294 2020 265 283 292 2021 263 278 2022 271 It can be assumed that claims are fully run off after 4 years. The premiums received for each year are: Accident Year Premium 2018 306 2019 312 2020 318 2021 326 2022 330 You do not need to make any allowance for inflation. 1. (a) Calculate the reserve at the end of 2022 using the basic chain ladder method. (b) Calculate the reserve at the end of 2022 using the Bornhuetter-Ferguson method. 2. Comment on the differences in the reserves produced by the methods in Part 1.arrow_forward
- Use the accompanying Grade Point Averages data to find 80%,85%, and 99%confidence intervals for the mean GPA. view the Grade Point Averages data. Gender College GPAFemale Arts and Sciences 3.21Male Engineering 3.87Female Health Science 3.85Male Engineering 3.20Female Nursing 3.40Male Engineering 3.01Female Nursing 3.48Female Nursing 3.26Female Arts and Sciences 3.50Male Engineering 3.00Female Arts and Sciences 3.13Female Nursing 3.34Female Nursing 3.67Female Education 3.45Female Engineering 3.17Female Health Science 3.28Female Nursing 3.25Male Engineering 3.72Female Arts and Sciences 2.68Female Nursing 3.40Female Health Science 3.76Female Arts and Sciences 3.72Female Education 3.44Female Arts and Sciences 3.61Female Education 3.29Female Nursing 3.20Female Education 3.80Female Business 3.26Male…arrow_forwardBusiness Discussarrow_forwardCould you please answer this question using excel. For 1a) I got 84.75 and for part 1b) I got 85.33 and was wondering if you could check if my answers were correct. Thanksarrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman





