Calculating probability of stock

Assignment Help Basic Statistics
Reference no: EM13103796

Let X be the number of gallons of ice cream that is requested at a certain store on a hot summer day. Assume that f(x)= 12x(1000-x)^2/10^12, 0<x<1000, zero elsewhere, is the pdf of X. How many gallons of ice cream should the store have on hand each of these days, so that the probability of exhausting its supply on a particular day is 0.05?

Reference no: EM13103796

Questions Cloud

Computing probability of rolling a six : Cast a die a number of independent times until a six appears on the up side of the die. Find the probability density function F(x)= P(X
Comparing the two forecasts using mad : The manager of the Carpet City outlet needs to make an accurate forecast of the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill,
At what angular velocity does the set of disks rotate : Two uniform, solid disks are rotating freely about the same axis. Then they are linked together without the aid of any external influences. Before being connected.
Statistical procedures for analysis : Describe the correct statistical procedures for analysis for how has quality of care changed in hospitals that are part of a pay for performance (P4P) program?
Calculating probability of stock : Let X be the number of gallons of ice cream that is requested at a certain store on a hot summer day. Assume that f(x)= 12x(1000-x)^2/10^12, 0
What would the resulting electrostatic pressure : A total charge of Q is deposited on a solid metal sphere of radius R. This charge distributes itself uniformly over the surface, yielding an electrostatic field E~ perpendicular =(sigma / e0) n^ just outside the sphere and E~ = 0 everywhere insid..
Academic approach to statistics problem : In a certain city, 50 percent of the people consider themselves conservative (C), 25 percent consider themselves liberal (L), and 25 percent consider themselves to be independent (I).
Evaluating leadership style : The previous manager used a transactional leadership approach, which has been relatively ineffective. Evaluate one leadership style and describe which you would take.
Continous probability distributions-statistics : The National Collegiate association (NCAA) reported that the mean number of hours spent per week on coaching and recruiting by college football assistant coaches during the season 70.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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