Determine the value of n and p in binomial random variable

Assignment Help Basic Statistics
Reference no: EM13116942

Batches that consist of 50 coil springs from a production process are checked for conformance to customer requirements.
The mean number of nonconforming coil springs in a batch is 5. Assume that the number of nonconforming springs in a batch, denoted as X, is a binomial random variable. What are n and p?

Reference no: EM13116942

Questions Cloud

Assessment of declining dollar on us based company : Assess the likely consequences of a declining dollar on Fluor Corporation, the international construction-engineering contractor based in Irvine, California. Most of Fluor's value-added involves project design and management
Find the cournot quantity and price : Denote the Cournot quantity for each rm by qa, and denote half of the monopoly quantity by qb. Suppose that the two rms interact with each other for in nite periods, and in each period they choose quantities simultaneously.
Illustrate what is coefficient of kinetic friction skis : The skis have a thrust of 220 N. Sam's speed at the bottom is 45.0 {rm m/s}. Illustrate what is the coefficient of kinetic friction of his skis on snow?
Net inflows and outflows of foreign currency : Subsidiary A of Mega Corporation has net inflows in Australian dollars of A$1,000,000, while Subsidiary B has net outflows in Australian dollars of A$1,500,000.
Determine the value of n and p in binomial random variable : The mean number of nonconforming coil springs in a batch is 5. Assume that the number of nonconforming springs in a batch, denoted as X, is a binomial random variable. What are n and p?
Currency forward prices : Suppose the current exchange rate between Germany and Japan is 0.02? ¥. The euro-denominated annual continuously compounded risk-free rate is 4% and the yen-denominated annual continuously compounded risk-free rate is 1%.
Explain how far can the center of the box be over the table : The portion of the board on the table measures .30m and the portion of the table measures .20m. Explain how far can the center of the box be over the table before the board begins to tilt?
Explain john rawls concept of the veil of ignorance : Drawing upon john rawls concept of the veil of ignorance, develop an ethical code that will (a) guide the decisions of a large oil multinational toward environmental protection
How much salt mix would you need : You are given a 10 ml blood sample. After doing a series of dilutions you have made an over all dilution of 1/200th. In a 0.1 ml sample from this final dilution, you are able to count 5 white blood cells. How many white blood cells were in the ori..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Total variance of the investment as investment risk

The variance of the return per share is 4 for stock 1 and 100 for stock 2. The covariance of the return between the two stocks is 5 per share. Use the total variance of the investment as investment risk.

  Determining standard deviation in average revenue

Suppose that sales of lemon­ade and sales of brownies are independent, determine standard deviation in his revenue.

  Illustration of a null and alternative hypotheses

Give an example of a null and alternative hypotheses. This can be a personal item or something at work. Additionally, identify the Type I and Type II Errors that could occur with your decision-making process.

  Write down a report on two tailed p-value

What test can be performed to compare the percentage of participants who developed abnormal triglyceride levels between the vitamin A group and the trace group? Implement the test in Problem 10.68, and report a two tailed p value.

  Determining probability of selecting sample with mean

Determine the probability of selecting sample with a mean of more than $100,000 but less than $112,000.

  Mean waste generated per person per day

In a random sample of 10 adults from a nearby county, the mean waste generated per person per day was 4.35 pounds and the standard deviation was 1.88 pounds.

  State the decision rule

A sample of 40 ovservations is selected from one population. The sample mean is 102 and the sample standard deviation is 5. A sample of 50 observers is selected from a second population.

  Fundamentals of standard deviations from the mean

The z-score of 1.33 tells you that Eric's time to get to work is 1.33 standard deviations from the mean.

  Hypothesis test for variance of the population

We are interested in testing to see if the variance of a population is less than 7. The correct null hypothesis is:

  Information about stats hw

The table below lists deaths in Georgia in 2004, the estimated population of Georgia in 1994 and the U.S. population according to the 2000 census. Calculations should be done by hand, but feel free to use software to check your work.

  Benefit for amount of money spent

While it can't be denied that advertising impacts sales, it is also true that advertising is expensive and companies want to advertise in ways that have the greatest benefit for the amount of money spent.

  Multiple choice based on the chi square test

Absenteeism is distributed evenly throughout the week. The 0.01 level is to be used. The sample results are:

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