Find the mean and standard deviation

Assignment Help Basic Statistics
Reference no: EM131693373

Question 1 - Given the probability function R(x) = 0.2 for x = 0, 1, 2, 3, 4, find the mean and standard deviation.

Question 2 - The number of children living per household, x, in the United States in 2008 is expressed as a probability distribution here.

x

0

1

2

3

4

5+

P(x)

0.209

0.384

0.249

0.106

0.032

0.020

SOURCE: U.S. Census Bureau

a. Is this a discrete probability distribution? Explain.

b. Draw a histogram for the distribution of x, the number of children per household.

c. Replacing "5+" with exactly "5," find the mean and standard deviation.

Question 3 - Is a dog man's best friend? One would think so with 60 million pet dogs nationwide. But how many friends are needed? In the American Pet Products Association's 2007-2008 National Pet Owners Survey, the following statistics were reported.

Number of Pet Dogs

Percentage

One

63

Two

25

Three or more

12

SOURCE: APPA 2007-2008 National Pet Owners Survey

a. Is this a discrete probability distribution? Explain.

b. Draw a relative frequency histogram to depict the results shown in the table.

c. Replacing the category "three or more" with exactly "three," find the mean and standard deviation of the number of pet dogs per household.

d. How do you interpret the mean?

e. Explain the effect that replacing the category "three or more" with "three" had on the mean and standard deviation.

Question 4 - As reported at the beginning of the chapter, Americans are in love with the automobile - the majority have more than one vehicle per household. In fact, the national average is 2.28 vehicles per household. The number of vehicles per household in the United States can be described as follows:

Vehicles, x

P(x)

1

0.34

2

0.31

3

0.22

4

0.06

5

0.03

6

0.02

7

0.01

8 or more

0.01

a. Replacing the category "8 or more" with exactly "8," find the mean and standard deviation of the number of vehicles per household in the United States.

b. How does the mean calculated in part (a) correspond to the national average of 2.28?

c. Explain the effect that replacing the category "8 or more" with "8" had on the mean and standard deviation.

Question 5 - The random variable A has the following probability distribution:

A

1

2

3

4

5

P(A)

0.6

0.1

0.1

0.1

0.1

a. Find the mean and standard deviation of A.

b. How much of the probability distribution is within 2 standard deviations of the mean?

c. What is the probability that A is between μ - 2σ and μ + 2σ?

Reference no: EM131693373

Questions Cloud

What is the firm expected rate of return : Bloome Co.'s stock has a 25% chance of producing a 41% return, a 50% chance of producing a 7% return, and a 25% chance of producing a -6% return.
Explain how the questionnaire is designed to be used : Explain how the questionnaire is designed to be used (telephone, email, face-to-face etc.) and what measures you will put in place to minimize errors.
Modeled the stock of storm : An analyst has modeled the stock of Storm using a three-factor APT model. The risk-free rate is 4%, the expected return on the first factor is 14%
Define advantage of peoples use of availability heuristic : Describe at least two ways you could take advantage of people's use of the availability heuristic to boost sales
Find the mean and standard deviation : Given the probability function R(x) = 0.2 for x = 0, 1, 2, 3, 4, find the mean and standard deviation. Draw a relative frequency histogram to depict the results
What was its return on invested capital : What was its return on invested capital (ROIC) in percent?
What is the initial cost figure gold : What is the initial cost figure Gold should use when evaluating its project? (Round answer to 2 decimal places. Do not round intermediate calculations).
What are the advantages of internet-based survey research : What are the advantages of Internet-based survey research over traditional survey research
Provide a brief description of the selected manuscript : Provide a brief description of the selected manuscript. Identify the selection criteria and methods, and discuss how they relate to the needs of organization.

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