Applications of binomial and poisson probability

Assignment Help Basic Statistics
Reference no: EM13103591

What are some typical applications of the Binomial and the Poisson probability distribution? Explain with examples. When is the Hypergeometric distribution used?

Reference no: EM13103591

Questions Cloud

Find outs the purse and notifies the owner of the restaurant : An employee of the restaurant, Jack, find outs the purse and notifies the owner of the restaurant. Going in order from superior to inferior rights, who has the best rights for the purse?
Explain idea of time inconsistency : People at buffets put more on their plates as well as eat more the greater the variety of items they have to select from. How does this transmit to the idea that diminishing marginal utility must be understood in context?
Probability that simple random sample automobile insurance : What is the probability that a simple random sample of automobile insurance policies will have a sample mean within $25 of the population mean the for each of the following sample sizes: 30, 50, 100, 400?
Illustrate what non-quantitative factors management consider : Which is cheaper for the company: to buy or lease real estate? Show your computations. Illustrate what non-quantitative factors should the management consider when making the decision?
Applications of binomial and poisson probability : What are some typical applications of the Binomial and the Poisson probability distribution? Explain with examples. When is the Hypergeometric distribution used?
What did aristotle nasty by the moral habits : What did Aristotle nasty by the moral habits of a person? Do you think his opinions are applicable today? In what ways?
Illustrate what type of reorganization has taken place : Illustrate what type of reorganization has taken place? Express the tax consequences to Mound Corporation, its former shareholders and Mountain Corporation.
Define an activity or process or product of wal-mart : Define an activity or process or product of Wal-Mart that exhibits economies or diseconomies of scale. Define the source of the scale economy
How a person who weighs is squatting on a scale : a person who weighs 800 N is squatting on a scale. Suddenly he stars jumping, extending his legs as quickly as possible, so that he can ump into the air. as the person is in the process of jumping (accelerating upward) the reading of the scale is ..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Distribution of the sample mean

What is the expected shape of the distribution of the sample mean?

  Probability of selecting a store at random

What is the probability of selecting a store at random and finding it has both a pharmacy and a floral shop?

  Poisson distribution formula

During normal business hours on the east coast, calls to the toll-free reservation number of the Nite Time Inn that the numb roy calls per minute can be described by the Poisson distribution.

  Mean value assuming a normal distribution

She then uses the mean and standard deviation of these values to estimate the mean value for all parts the operator is making. Construct a 95% confidence interval for the mean value assuming a normal distribution.

  Probability-level of income-geographical region

The following table gives the median incomes of families by level of income and geographical region.

  Sampling distrubutions

Suppose the population mean is 50.6 pounds with a population standard deviation of 1.62 pounds. Suppose we take thousands of samples with a sample size of 5.

  Longitudinal and cross sectional business research studies

Explain the differences between longitudinal and cross sectional business research studies. Which two types of probability sampling are best suited for business research and statistical data analysis, and why?

  Concept of representative sample

A researcher wants to collect data about the study habits of sophomores at Harmond University. From the sophomore class of 2,300 students, she wants to collect a sample of 70 students. Which of the following sampling methods will yield the most re..

  Confidence in our estimate of the percent of adults

Findout the margin of error for this survey if we want a 99 percent confidence in our estimate of the percent of adults over 50 who take vitamin supplements.

  Decision rule with smallest maximum opportunity loss

Decision rule which chooses alternative associated with smallest maximum opportunity loss is?

  Computing percentages of funds-bienayme-chebyshev rule

According to Bienayme-Chebyshev rule, what percentages of these funds are likely to be within ±2 standard deviation of mean?

  To recognize the width of the confidence interval

To recognize the width of the confidence interval.As the confidence level \"1 - α\" increases, the width of the confidence interval.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd