Reference no: EM131960843
A statistical experiment involves flipping a fair coin and rolling a fair, six-sided die. Due to a manufacturing error, two sides of the fair die show 4; it has no 5 on it; other four sides show 1, 2, 3, or 6.
(a) Determine the sample space for the statistical experiment. The sample space is the set of all possible outcomes; for example, 3H, 5T, where the single digit comes from the die and H or T comes from the coin, H standing for Heads and T standing for Tails. The format of your sample space (S) in set notation would look like
S = {1H, 1T, ... }
Hint: You may use a tree diagram or a table to find all possible outcomes in an organized manner to catch all possible outcomes.
(b) If H represents 1 and T represents 2, construct a two-column probability distribution table for the random variable X, representing the total for each possible outcome and its probability (a fraction). For example, for 3H, the value of X would be 3+1 = 4, and for 6T the value of X would be 6+2 =8.
Hint: Make sure that the probability values (preferably in fractions) in the probability column of your table add up to 1.
(c) Using your table, find the expected value of X, as E(X) = ∑( xi P(xi) ).
How many ways can the waiter arrange the drinks
: a. How many ways can the waiter arrange the drinks in front of the people?
|
Preapre the necessary december thirty first
: Preapre the necessary December 31, 2016, adjusting entries: On April 1, 2016, the company paid 6,960 for a two year insurance policy and debited entire amount.
|
What is the npv at a given discount rate
: We are considering the purchase of a $350,000 computer-based inventory management system. It will be depreciated straight-line to zero over its five-year life.
|
What is the se for the percentage of red marbles
: A box contain 5 blue marbles and 10 red marbles. We draw seven marbles from the box without replacement. What is the SE for the percentage of red marbles in our
|
Probability column of table
: Hint: Make sure that the probability values (preferably in fractions) in the probability column of your table add up to 1.
|
What net amount of gross profit would precious have deferred
: What net amount of gross profits would Precious have deferred in 2015 related to Soul's sale of inventory to Precious?
|
Evaluate the zippy as a business opportunity
: Evaluate the zippy as a business opportunity for CEI. Evaluate the lease financing option for the zippy as well. Although CEI is a tax-paying entity.
|
Prepare the journal entries on september
: Record the adjustments on December 31, 2018. Prepare the journal entries on September 30, 2019, to record payment of the notes payable at maturity.
|
What is cruise operating cash flow
: You are considering an investment in Cruise, Inc. and want to evaluate the firm's free cash flow. From the income statement, you see that Cruise earned.
|