User Account

All Pages

Find the probability distribution of x

Assignment Help Basic Statistics
Reference no: EM132464390

Problem: A manufacturing facility needs to open a new assembly line in four months or there will be significant cost overruns. The manager of this project believes that there are four possible values for the random variable X (the number of months from now it will take to complete this project): 3, 3.5, 4, and 4.5. It is currently believed that the probabilities of these four possibilities are in the ratio 1 to 2 to 3 to 2. That is, X = 3.5 is twice as likely as X = 3 and X = 4 is 1.5 times as likely as X = 3.5.

  • Find the probability distribution of X.
  • What is the probability that this project will be completed in less than 4 months from now?
  • What is the probability that this project will not be completed on time?
  • What is the expected completion time (in months) from now for this project?
  • How much variability (in months) exists around the expected value found in (A)?

Reference no: EM132464390

Questions Cloud

Describe three different social media tools : Develop a presentation for the board or executive leadership team to persuade them that social media is necessary for prudent and effective crisis management
Describe the fundamental functions performed by firewalls : Describe the fundamental functions performed by firewalls. Recognize the impact that malicious exploits and attacks have on network security.
How you would start the incident off correctly : You have been asked by management to secure the laptop computer of an individual who was just dismissed from the company under unfavorable circumstances.
Design a computing solution for the infrastructure : Describe a business scenario that requires a new or modified IT infrastructure. Prepare a request for proposal (RFP) based on domain needs analysis.
Find the probability distribution of x : Find the probability distribution of X. What is the probability that this project will be completed in less than 4 months from now?
Develop a crisis communications plan for your stakeholders : Develop a crisis communications plan for your stakeholders, including a social media policy. The plan should include ideas you have offered in essays.
Discuss the overriding trends are for the product : What the overriding trends are for the product; In what type of country is the product doing well or poorly and presumably why.
Discuss the advantages of each type of testing : Discuss the advantages and disadvantages of each type of testing. When is each type of testing appropriate? Are there situations that preclude the use.
Write a simulated news conference essay : Write a simulated news conference essay - an introduction and description of your crisis, including the stage of the crisis at which the press conference

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd