Develop a probability distribution

Assignment Help Finance Basics
Reference no: EM131104059

In Gallup's Annual Consumption Habits Poll, telephone interviews were conducted for a random sample of 1014 adults aged 18 and over. One of the questions was "How many cups of coffee, if any, do you drink on an average day?" The following table shows the results obtained (Gallup website, August 6, 2012).
ases07h_ch05_ex23.png

Define a random variable x = number of cups of coffee consumed on an average day. Let x = 4 represent four or more cups.

Round your answers to four decimal places.

a. Develop a probability distribution for x.

x f(x)
0
1
2
3
4

b. Compute the expected value of x. cups of coffee

c. Compute the variance of x. cups of coffee squared

d. Suppose we are only interested in adults that drink at least one cup of coffee on an average day. For this group, let y= the number of cups of coffee consumed on an average day.

Compute the expected value of y.

Reference no: EM131104059

Questions Cloud

Why some workers are paid above the equilibrium wage : Which of the following is not a reason why some workers are paid above the equilibrium wage?
Past returns and of inflationary expectations : on the basis of analysis of past returns and of inflationary expectations,Marta Gomez feels that the expected return on stocks in general is 12 percent.
Who has priority to the collateral : Metro claims that at the time of its loan it was unaware of HFCs interest. Between these parties, who has priority to the collateral? Discuss your answer. This portion of your assignment should be 1/2-1 page in length.
Determining the backward induction : Assume that if a player is indifferent between accepting or rejecting a division, then the player always accepts the division. Using backward induction, the prediction is that
Develop a probability distribution : In Gallup's Annual Consumption Habits Poll, telephone interviews were conducted for a random sample of 1014 adults aged 18 and over. One of the questions was "How many cups of coffee, if any, do you drink on an average day?" The following table sh..
Equilibrium market price and quantity traded : The U.S. Department of Agriculture has estimated (using statistical analysis) that the market for corn is characterized by a market demand given by QD = 200 - P, while the market supply is QS = 50 + 14 P.
Under a perpetual system : Under a perpetual system, what is the purpose of the Cost of Goods Sold account?
Normal volume of medium pizzas in a week : Calculate the total contribution margin generated by the normal volume of medium pizzas in a week.
What is the purpose of the cost of goods sold account : What is the purpose of the Cost of Goods Sold account? (Assume a periodic inventory system.)

Reviews

Write a Review

Finance Basics Questions & Answers

  Explain the primary roles of the u.s. federal reserve

Explain the primary roles of the U.S. Federal Reserve, the Federal Reserve Chairman, and the Federal Reserve Board. Indicate each party's effectiveness in today's economic environment.

  Te term structure of swap rates is 1-year 250 2-year 300

the term structure of swap rates is 1-year 2.50 2-year 3.00 3-year 3.50 4-year 4.00 5-year 4.50. the two-year forward

  What are some of the different types of variances

What are some of the different types of variances that may occur in a business and the factors that contribute to these variances?

  Why is the present value of an amount to be received

Why is the present value of an amount to be received (paid) in the future less than the future amount?

  Therefore the objective of this paper is to identify main

write a literature review of 1000 words that cover the topic of study of smes and their access to finance...the

  Use the npv technique and irr method to evaluate project

Net working capital will increase at a rate of $3,000,000 per year over the life of the project. Ridgewood has a 35 percent tax rate and a required rate of return of 9 percent. Use the NPV technique and IRR method to evaluate this project.

  Cost of capital-interest compounding periods

Would you rather have a savings account that pays 5% interest compounded semi-annually or one that pays 5% interest compound daily? Explain.

  Suppose that tipsntoes incs capital structure features 40

suppose that tipsntoes inc.s capital structure features 40 percent equity 60 percent debt and that its before-tax cost

  What is the annual coupon rate

What is the annual coupon rate for a $1000 face value bond with two years until maturity and a price of $1,026.39, if the appropriate discount rate is 9% per year? (You may assume that the next coupon payment is due one year from now.)

  All else constant if the default correlations between the

a standard synthetic cdo references a portfolio of 10 corporate names. assume the following. the total reference

  What has occurred with company dividend payout

What has occurred with company’s dividend payout, dividend yield, and dividend per share over the past three years? Do you have any explanations for what has occurred? How do Netflix dividends payout, dividend yield, and dividend per share compared t..

  Consider a firm that repurchases shares from its

consider a firm that repurchases shares from its stockholders in the open market and explain why this action might be

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