Particular type of factory have a certain lung disease

Assignment Help Basic Statistics
Reference no: EM131832657

Suppose that 10 percent of all the workers in a particular type of factory have a certain lung disease. Suppose also that a diagnostic test is available to help determine whether a particular worker has the disease, and that the outcome of the test is a random variable X with the following distribution: If the worker has the disease, then X has a normal distribution with mean 50 and variance 1. If the worker does not have the disease, then X has a norma1 distribution with mean 52 and variance 1. As a result of the outcome X, a worker may be required to undergo a complete medical examination. Suppose that the loss from requiring such an examination when the worker does not have the disease is $100; that the loss from not requiring an examination when the worker has the disease is $2000; and that otherwise the loss is O. If the test is administered to a worker selected at random from a factory of this type, for what values of X is the Bayes decision to require a complete medical examination?

Reference no: EM131832657

Questions Cloud

Represent locations as integer pairs : Represent locations as integer pairs (x, y). Implement the drunkard's walk over 100 intersections, starting at (0, 0), and print the ending location.
Prior probability that the component is not functioning : For what values of the prior probability d is the Bayes decision to launch the rocket, even if the warning light goes on?
Prepare an income statement for january 2014 : Prepare an Income Statement for January 2014 and a BalanceSheet as of January 31, 2014.
Calculate the annual growth rate of real gdp per person : The Penn World Tables, available free online, are a reliable source of international economic data, and they are very popular among economists.
Particular type of factory have a certain lung disease : Suppose that 10 percent of all the workers in a particular type of factory have a certain lung disease. Suppose also that a diagnostic test is available
Write a program that prompts the user for an integer : Write a program that prompts the user for an integer and then prints out all prime numbers up to that integer.
How does the firm account for those transactions : Explain your answer to events(b) through (f). How does the firm account for those transactions - Received an additional contribution from investors who provided
Risk of making a bayes decision : Suppose that it is mown that the probability p of a head when a certain coin is tossed is either 0.3 or 0.4; and that an experimenter must decide
Record the transactions using integrated financial statement : Received cash of $60,000 from investors in exchange for common stock. Record the transactions, using the integrated financial statement framework

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