Determining the concept of expected value

Assignment Help Basic Statistics
Reference no: EM131772362

Question: In 1991, 72% of children in the United States were living with both parents, 22% were living with mother only, 3% were living with father only, and 3% were not living with either parent (World Almanac and Book of Facts, 1993, p. 945). What is the expected value for the number of parents a randomly selected child was living with? Does the concept of expected value have a meaningful interpretation for this example? Explain.

Reference no: EM131772362

Questions Cloud

What was the company break-even point in sales : What was the company's break-even point in sales dollars in 2008? How many additional units would the company have had to sell in 2009
What is the expected value for grade-point average : Suppose the probability that you get an A in any class you take is .3 and the probability that you get a B is .7. To construct a grade-point average.
What is the purpose of title insurance : What is meant by the term build to suit and give an example? What is meant be the term cluster development?
What writing techniques did you learn from the author : What do you feel work best in the essay? What writing techniques did you learn from the author that you could use in your own writing?
Determining the concept of expected value : In 1991, 72% of children in the United States were living with both parents, 22% were living with mother only, 3% were living with father only.
How many units of the new product must rum sell : How many units of the new product must Rum sell during the next fiscal year in order to breakeven on the product
Why is residual value important : What are some of the reasons a firm may choose to lease as opposed to own real estate?
Create essay that compares and contrasts ethical dilemmas : Create an essay that compares and contrasts the ethical dilemmas that an emergency medicine physician may face versus the ethical dilemmas.
Prepare the journal entries to record the expenditure : Celine Dion still feels the patent will be useful until the end of 2019. Prepare the journal entries to record the $24,000 expenditure and 2012 amortization

Reviews

Write a Review

Basic Statistics Questions & Answers

  Department of labor notes

Will cash bonuses speed the return to work of unemployed people? A state department of labor notes that last year 68% of people who filed claims found a new job in 15 weeks.

  Determining largest village in terms of population

Determine the largest village in terms of the population?

  Find average weekday greens fee to play nine holes of golf

The Internet site www.golfcourse.com lists 14,938 golf courses by state. It gives a variety of information about each course, including greens fees.

  Find the mean for each of the variables r

Find the mean for each of the variables R, High and Low. Verify that the mean for R equals the difference between the means for High and Low.

  James teaches a class of 300 students and only 6 have done

james teaches a class of 300 students and only 6 have done their homework assignment which is due today. he calls on a

  A regression and correlation analysis

Multiple choice questions based on regression - A regression and correlation analysis resulted in the following information

  What is the probability of generating a proper three letter

What is the probability of generating a proper three-letter English dictionary word after two transitions from the initial state?

  Determining the two distributions

Two distributions. If two distributions have exactly the same mean and standard deviation, must their histograms have the same shape?

  Examine the histogram of the standardized residuals

Examine the histogram of the standardized residuals for the regression of annual earning on annual hours worked among Registered Nurses below. Which conclusions can be made about the model using this graphic?

  What is the probability of each simple event

Two of these students are to be randomly selected for inclusion on a university-wide student committee (by placing ?ve slips of paper in a bowl, mixing, and drawing out two of them). What are the 10 possible outcomes (simple events)?

  Find value for the top of women-s cholesterol levels

Assume the cholesterol levels of adult American women are normally distributed with a mean of 190 mg/dL and a standard deviation of 26 mg/dL. What percent of adult women do you expect to have cholesterol levels at least 200 mg/dL?

  The mayor of daisy city makes 2250 a month what percentage

the monthly income of residents of daisy city is normally distributed with a mean of 3000 and a standard deviation of

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