Range of the joint probability distribution

Assignment Help Business Management

Reference no: EM13951287

A marketing company performed a risk analysis for a manufacturer of synthetic fibers and concluded that new competitors present no risk 13% of the time (due mostly to the diversity of fibers manufactured), moderate risk 72% of the time (some overlapping of products), and very high risk (competitor manufactures the exact same products) 15% of the time. It is known that 12 international companies are planning to open new facilities for the manufacture of synthetic fibers within the next three years. Assume the companies are independent. Let X, Y, and Z denote the number of new competitors that will pose no, moderate, and very high risk for the interested company, respectively.

(a) What is the range of the joint probability distribution of X, Y, and Z?

(b) Determine P(X = 1, Y = 3, Z = 1)

Reference no: EM13951287

Questions Cloud

Determination and application in a production facility : Describe project cost and the requirements for it's determination and application in a production facility. Analyze implications of changes in the parameters of project timing and cost determination.

How much blood had been removed from this patient : The guazes were thoroughly rinsed in the bucket until all the blood was removed. The concentration of blood in the bucket was 5x10 to the 6th cells/ml. It was already known that the patients red blood cell concentration was 5x10 to the 6th cells/m..

What additional level of internet protection have children : What additional level of internet protection should children have over adults? Provide explanations for the following situations:

List and describe the business drivers behind choosing os : List and describe the business drivers behind choosing a particular operating system. What factors might influence IT to choose between open systems versus proprietary systems versus server operating systems?

Range of the joint probability distribution : Assume the companies are independent. Let X, Y, and Z denote the number of new competitors that will pose no, moderate, and very high risk for the interested company, respectively.

How the law of bergonie and tribondeau could determine : A 22 year old female is scheduled for a barium enema study. She informs you there is a possibility she might be pregnant. Explain how the Law of Bergonie and Tribondeau could determine the radiologist's decision on whether to perform the exam on y..

Lower-left corner of the scatterplot : As in the previous exercise, create a group of 10 points in the lower-left corner of the scatterplot with a strong straight-line pattern (correlation at least 0.9). Click the "Show least-squares line" box to display the regression line.

Draw an er diagram for the diven situation : Table TakenCourses manages courses info that a student has taken. A course may require pre-requisite courses and the pre-requisite course info is managed in table PreRequisite. draw an ER diagram for this situation.

Midst of labor-management negotiations : In the midst of labor-management negotiations, the president of a company argues that the company's blue-collar workers, who are paid an average of $30,000 per year, are well paid because the mean annual income of all blue-collar workers in the co..

User Account

All Pages