Calculate e(x)-var(x)-the pmf of x

Assignment Help Accounting Basics
Reference no: EM13923647

STAT 225 Quiz

Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.70. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only soda and 0.2 probability she will buy nothing else. If she does not buy candy, she will buy popcorn and soda with probability 0.80 and 0.1 probability she buys only soda and 0.1 probability she buys nothing else. Let X represent the number of items (candy, popcorn, soda) that she
purchases.

1. Find the PMF of X.
2. Calculate E(X).
3. Calculate Var(X). 
P(A) = 1  P(Ac)
P(A j B) =
P(A \ B)
P(B)
P(A) = P(A \ B) + P(A \ Bc)
P(A j B) =
P(A) P(BjA)
P(A \ B) + P(A \ Bc)
P(A \ B) = P(A) P(BjA)
E(X) =
P
x p(x)
Var(X) = E(X2)  E(X)2
STAT 225 Quiz 3
September 20, 2013
NAME:
Directions: You have 10 minutes to complete the quiz. You are allowed a calculator as speci ed in the syllabus. If necessary, round decimal answers to 4 signi cant digits. Show all work to receive full credit. Instructors will not interpret questions for you. Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.80. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only soda and 0.2 probability she will buy nothing else. If she does not buy candy, she will buy popcorn and soda with probability 0.80 and 0.1 probability she buys only soda and 0.1 probability she buys nothing else. Let X represent the number of items (candy, popcorn, soda) that she purchases.
1. Find the PMF of X.
2. Calculate E(X).
3. Calculate Var(X).
P(A) = 1 P(Ac)
P(A j B) =
P(A \ B)
P(B)
P(A) = P(A \ B) + P(A \ Bc)
P(A j B) =
P(A) P(BjA)
P(A \ B) + P(A \ Bc)
P(A \ B) = P(A) P(BjA)
E(X) =
P
x p(x)
Var(X) = E(X2)  E(X)2
STAT 225 Quiz 3
September 20, 2013
NAME:
Directions: You have 10 minutes to complete the quiz. You are allowed a calculator as speci ed in the syllabus. If necessary, round decimal answers to 4 signi cant digits. Show all work to receive full credit. Instructors will not interpret questions for you. Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.75. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only soda and 0.2 probability she will buy nothing else. If she does not buy candy, she will buy popcorn and soda with probability 0.80 and 0.1 probability she buys only soda and 0.1 probability she buys nothing else. Let X represent the number of items (candy, popcorn, soda) that she purchases.
1. Find the PMF of X.
2. Calculate E(X).
3. Calculate Var(X).
P(A) = 1  P(Ac)
P(A j B) =
P(A \ B)
P(B)
P(A) = P(A \ B) + P(A \ Bc)
P(A j B) =
P(A) P(BjA)
P(A \ B) + P(A \ Bc)
P(A \ B) = P(A) P(BjA)
E(X) =
P
x p(x)
Var(X) = E(X2)  E(X)2
STAT 225 Quiz 3

Directions: You have 10 minutes to complete the quiz. You are allowed a calculator as speci ed in the syllabus. If necessary, round decimal answers to 4 signi cant digits. Show all work to receive full credit. Instructors will not interpret questions for you.
Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.85. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only soda and 0.2 probability she will buy nothing else. If she does not buy candy, she will buy popcorn and soda with probability 0.80 and 0.1 probability she buys only soda and 0.1 probability she buys nothing else. Let X represent the number of items (candy, popcorn, soda) that she purchases.

1. Find the PMF of X. (6 points)
2. Calculate E(X). (4 points)
3. Calculate Var(X). (5 points)
P(A) = 1  P(Ac)
P(A j B) =
P(A \ B)
P(B)
P(A) = P(A \ B) + P(A \ Bc)
P(A j B) =
P(A) P(BjA)
P(A \ B) + P(A \ Bc)
P(A \ B) = P(A) P(BjA)
E(X) =
P
x p(x)
Var(X) = E(X2) E(X)2

Reference no: EM13923647

Questions Cloud

What is the best estimate of the stocks price per share : Based on the corporate valuation model, Morgan Inc.’s total corporate value is $300 million. The balance sheet shows $90 million of notes payable, $30 million of long-term debt, $40 million of preferred stock, and $100 million of common equity. The c..
Briefly describe the hedging strategy using the treasury : Briefly describe the hedging strategy using the 10-year Treasury note futures contract that would provide the best protection against this possible decline in yields.
Common stock value and variable growth : Lawrence Industries' most recent annual dividend was $1.80 per share (D o = $1.80), and the firm's required rate of return is 11%. Find the market value of Lawrence's shares when:
Educate elementary age children in mathematics : The "Activity 5.sav" file contains a dataset of a researcher interested in finding the best way to educate elementary age children in mathematics. In particular, she believes that 5th grade girls do better in small class sizes while boys excel in ..
Calculate e(x)-var(x)-the pmf of x : Sarah is examining the concession stands before going to watch a movie. The probability that she buys candy is 0.70. If she buys candy, there is a 0.40 probability that she will also buy popcorn and soda, a 0.40 probability that she will buy only ..
What is the change in the real rate of interest : What is the growth rate of real GDP - what is the change in the real rate of interest and nominal rate of interest?
What is the annual dividend on TXS preferred stock : TXS Manufacturing has an outstanding preferred stock issue with a par value of $65 per share. The preferred shares pay dividends annually with a rate of 10%. What is the annual dividend on TXS preferred stock? IF investors require a return of 8% on t..
What are he most important factors to consider in decision : A single position in an index futures or 50 different positions in futures contracts on the individual stocks? What are the most important factors to consider in making this decision?
What is the average inventory held during the year : Appliance for Less is a local appliance store. It costs this store $18.85 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 765 units. Each order costs $91. The company is usin..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hoboken corporation issued 649000 8 10-year bonds on

hoboken corporation issued 649000 8 10-year bonds on january 1 2012 for 606786. this price resulted in an

  Net reduction of 4 employees for a total annual salary savin

Powell Corporation is considering replacing its current computer system with a new one. The computer system itself will cost $300,000 (i.e. Software and Hardware) with additional outlays for installation of $50,000 and training costs of $30,00..

  Assume the public in nealland does not hold any cash all

assume the public in nealland does not hold any cash. all commercial banks however hold 5 of their checking deposits aa

  On the first day of the fiscal year a company issues a

on the first day of the fiscal year a company issues a 1000000 7 5 year bond that pays semi-annual interest of 35000

  Proposals a and b each cost 400000 have 5-year lives and

proposals a and b each cost 400000 have 5-year lives and have expected total cash flows of 470000. proposal a is

  How the accounting equation is impacted

Transaction analysis results in the development of a journal entry. In the start-up of a business the owner contributes $750,000 of cash. (1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount.

  What is the after-tax dollar value impact of the

during 2011 comet cares inc. decided to sell an unprofitable segment of its business. the sale of this segment

  Assignment 1prepare solutions to the following questions

assignment 1prepare solutions to the following questions concerning topics covered in the first half of the

  Primary-diluted earnings per share for consolidated entity

As a senior staff member of Major's accounting department, you have been asked to prepare a memo to the chief accountant that includes the computations needed to determine primary and diluted earnings per share for the consolidated entity.

  Examine the following book-value balance sheet for

examine the following book-value balance sheet for university products inc. the preferred stock currently sells for 15

  Pickett company typically sells subscriptions on an annual

pickett company typically sells subscriptions on an annual basis and publishes six times a year. the magazine sells

  Wads county maintains an investment pool in which it

wads county maintains an investment pool in which it invests funds both for wads county and for all legally separate

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