Probability that it contains less than 1 litre

Assignment Help Business Management
Reference no: EM132399769

Q1. An insurance company issues policies of two types - 20% are of (ins1) and the remainder are of (ins2)

For the (ins1) policies, 36% of the policyholders are female, while for (ins2) policies, only 28% of policyholders are female.

If a policy is selected at random from those held by females, what is the probability that it is a (ins1) policy (3 d.p.)?

Q2. A machine produces glass with a nominal thickness of 3mm.

In fact the thickness is a Normal random variable with mean 3.15mm and standard deviation 0.15mm.

The thickness in mm which 10% of panes exceed is (2 d.p.)?

Q3. A paint manufacturer produces cans of paint of nominal volume 1 litre.

In fact the volume of paint in a can is a Normal random variable with mean 1.036 litres and standard deviation 0.02 litres.

A single can is examined; the probability that it contains less than 1 litre is (3 d.p.)?

Reference no: EM132399769

Questions Cloud

State the null and alternate hypothesis : State the null and alternate hypothesis Show the test statistic state the conclusion in terms of accepting or rejecting the null hypothesis
Find the mean and standard deviation of the weights : ?A) Find the mean and standard deviation of the weights. (in grams) B) Test the hypothesis that the net weight is as claimed. Ex- H0: & HA:
What is the probability that the cycst in malignant : a) In the absence of any test, what is the probability that the cycst in malignant? b) In the absence of any test, what is the probability that the cycst in be
Describe the purpose of composting : Discuss the sources and beneficial uses of municipal solid waste and Describe the differences between garbage, rubbish, and trash
Probability that it contains less than 1 litre : Q1. An insurance company issues policies of two types - 20% are of (ins1) and the remainder are of (ins2)
Manufacturers claim that the standard deviation : In the following exercises: (1) state H0 and HA , using the correct symbols, (2) identify which hypothesis contains the claim
Describes the impact to it of the ada section 508 law : Write five page research paper that describes the impact to IT of the ADA section 508 law. How has section 508 changed the way government agencies.
Summarize the different types of market structures : ECO100-Explain economic principles and their applications in the real world. Summarize the different types of market structures and the role of government.
MTH 310 Research Statistics Assignment Problem : MTH 310 Research Statistics Assignment Help and Solution, Pima Medical Institute - Homework Help - Identify activity or productivity metrics your workplace

Reviews

Write a Review

Business Management Questions & Answers

  Financial strategy for being competitive in the marketplace

How do you see Porter's five forces affecting your company's financial strategy for being competitive in the marketplace?

  Possibility of replacing an existing machine

You are considering the possibility of replacing an existing machine that has a book value of $500,000

  Rules of contract law are derived from the common law

Some of the rules of contract law are derived from the common law which is several hundred years old and came to the United States from England true  false

  Midst of dramatic and revolutionary change

Grey (2017) proposes that every generation considers itself to be in the midst of dramatic and revolutionary change. In terms of the world of work

  What is the internal role of the case for support

What is the internal role of the case for support and why is it important? Have you noticed any organizations articulate their case for support?

  Describe current infrastructure-workflow and processes

Review the current state of the infrastructure and focus on a specific area: security, data management, connectivity, etc., and make suggestions for future improvements. Papers must address the following: 1. Clearly describe current infrastructure..

  Technologies to become more efficient

How do organizations use mobile technologies to become more efficient?

  One of the worlds largest beverage producerinbev one of the

one of the worlds largest beverage producerinbev one of the worlds largest beverage producer marketer and distributor

  Who should and shouldn''t serve on a board of directors

Who should and shouldn't serve on a Board of Directors (BOD)? Do you think that women must be equally represented? Must a BOD strive for diversity in its members?

  Good leaders

how might this vary from the perspective of the person leading and the perspective of those working under the person doing the leading?

  Discussion of the implications from standpoints of marketing

In your answer, include a discussion of the implications from the standpoints of marketing, production, and finance.

  Explain the term in contrast to greenleaf and collins

Explain the term In contrast to Greenleaf and Collins- Blanchard is- A businessman who thinks a lot about management

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