What is the probability of exactly 5 defective coins

Assignment Help Econometrics
Reference no: EM13210313

The U.S. mint, which produced billions of coins each year, has a mean defect rate of 5.2 coins per day. Let X be the number of defective coins produced on a given day. What is the probability of exactly 5 defective coins on a given day?

Reference no: EM13210313

Questions Cloud

Explain what is the molarity of the malonic acid solution : with 0.1000M NaOH solution. if 22.00ml of the NaOH solution were required to neutralize completely 10.00ml of the malonic acid solution, what is the molarity of the malonic acid solution
How sectoral shifts in the economy is best described : Suppose the world price of cotton rises substantially. The demand for labor among cotton-producing firms in Texas will (decrease/ increase). The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will (..
How to enter precise values for either or both of the axes : drag the first point you want to plot onto the grid. Continue clicking and dragging the plotter tool until you have identified all of the necessary points for this line. Then repeat these steps for the plotter tool (called "AVC, AFC and AC "). To ..
Explain the half life of technetium : If a sample with an initial activity of 15 mCi(microcurries) is injected into a patient, what is the activity in 24 hours, assuming that none of the sample is excreted?
What is the probability of exactly 5 defective coins : The U.S. mint, which produced billions of coins each year, has a mean defect rate of 5.2 coins per day. Let X be the number of defective coins produced on a given day. What is the probability of exactly 5 defective coins on a given day
Explain the three fundamental unities of islam : Explain the three fundamental unities of Islam and list the five pillars of Islam and briefly explain their importance.
State the chloride ions have effectively been removed : The solubility of AgCrO4 is several times greater than that of AgCl, so the red precipitate cannot form until all the chloride ions have effectively been removed from the solution.
Are unions good or bad for the econom : Are unions good or bad for the economy How do unions at GM and Ford affect employment levels and wages How do unions affect other industries in terms of employment and wage levels
Determine what is the firms total monthly profit : Corporate orders generate an avg. contribution of $100 per coat. Firm K has just recieved and unexpected order for up to 300 coats but has unused capacity to produce only 200. One manager recomends delivering 200 coats.

Reviews

Write a Review

Econometrics Questions & Answers

  Equation for the monopolist''s marginal revenue funtion

A monopolist's inverse demand function is P = 150 - 3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1) = 6Q1, and the marginal cost of producing at facility 2 is MC2(Q2) = 2Q2. Provide the eq..

  Question about probability

3-defective electric toothbrushes were accidentally shipped to a drug store called Clean brush items along with seventeen non-defective ones.

  What is the estimated capital investment

The capital investment cost for a switchgrass-fueled ethanol plant with a capacity of 250,000 gallons per year if $1.4 million. The cost-capcaity factor for this particular plant technology is 0.59 for capacities ranging from 200,000 gallons per y..

  What is the excpected exchange rate in one year

The Mexican peso is trading at 10 pesos per dollar. If the expected U.S. inflation rate is 2% while the expected Mexican inflation rate is 23% over the next year, given PPP, what is the excpected exchange rate in one year

  Determine how many firms operate in the long run

Suppose there are n identical firms in a market in long run. Each firms cost function is given by C=32+.5q^2, where q is the amount that an individual firm produces. This means that an individual firms marginal cost is given by MC=q.

  What is the consumer surplus enjoyed by the high demand

design two packages for the second-degree price discrimination case so that the first package has quantity 8 for the high demand and the second one has quantity 6 for the lower demand such that the low demand group has consumer surplus at least $5..

  How many visits will physicians provide to public

The state Medicaid agency has set a rate of $5.50 per visit for all Medicaid enrollees who visit a physician. Each physician also has private paying patients. The demand curve for each physician can be characterized as follows, and physicians can ..

  What is the least squares estimate of ß1

Consider the simple linear regression model without an intercept, y = ß1x + u, with the assumption E(u|x)=0. Also assume that E(x)=0 Show that E(y)=0 and using this as well as E(x)=0 show that the covariance between x and y is given by E(xy) and that..

  What amount should you bid to maximize the probability

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested.1 The seller announced that the highest bid in excess of $10,000 will be accepted. Assume that the competitor's bid x is a random variable that is u..

  Find an expression for outpur per worker

Find and expression for capital per worker at the steady state e. Solve for the steady-state output per worker when d = 0.08 and the savings rate = 0.25 f. plot the steady state capital per worker as the savings rate goes from 0.05 to 0.50 in 0.05 in..

  What is the current intrinsic value of the firms stock

Portman has 500,000 shares outstanding and Judy Davis, and investor, holds 40,000 shares. Suppose Portman is considering issuing 100,000 new shares at a price of $50 per share. If the new shares are sold to outside investors, how much will Judy's ..

  Find the expected number of repairs for the appliance

For the past four years, Armonco Manufacturing has been offering a three-year limited warranty on all appliances it manufactures. Although all appliances are given a unique serial number when manufactured, until this year Armonco had no capability

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