User Account

All Pages

Write the probability distribution for x

Assignment Help Basic Statistics
Reference no: EM132483156

You pay $5 to play a California Lottery game. There is a 0.3 chance that you win $5 0.1 chance that you win $10, a 0.01 chance that you win $50.

(a) If X is the variable which represents your total winnings/losses, write the probability distribution for X.

(b) Compute the expected value E(X). Interpret this value.

Reference no: EM132483156

Questions Cloud

Proportion of the population took : The time that it takes a person to complet a survey is normally distributed with a mean of 18 minutes and a standard deviation of 3.5 minutes.
Describe the impressions of logic models : Logic models are made up of several components: inputs, activities, outputs, and outcomes. These components are placed in one of six vertical columns.
Compute the expected value : You pay $5 to play a California Lottery game. There is a 0.3 chance that you win $5 0.1 chance that you win $10, a 0.01 chance that you win $50.
What is the internal rate of return or IRR for the project : Determine the Net Present Value for Problem 3 with a rate of 10%. Do you proceed or not with the project? What is the internal rate of return or IRR for project
Write the probability distribution for x : If X is the variable which represents your total winnings/losses, write the probability distribution for X
Describe process of creating a logic model : The process of creating a logic model allows a program planner to carefully think through the resources available, activities implemented, and short.
What is the probability that you will end up on the jury : You get called for Jury duty. There are 100 potential jurors and the judge needs to select twelve of them. Assume the jury is chosen at random.
Determine what is the projects IRR : Assuming that the hospital is a for-profit entity and the tax rate is 30%, what is the project's NPV at a cost of capital of 8%, and what is the project's IRR?
Explain what a fleet management department can do : Explain what a fleet management department can do and Compare and make a final proposal for your headquarter to decide Referencing

Reviews

Write a Review

Basic Statistics Questions & Answers

  You are playing a game which you flip 3 fair coins it costs

you are playing a game which you flip 3 fair coins. it costs 2 to play the game which must be subtracted from your

  Types of food from the restaurant

Use a fast food restaurant and for 5 types of food from the restaurant, list the fat grams and its total calories. Is there a linear relationship between the two variables?

  Statistics-hypothesis test on population proportion

During a meeting, one hospital administrator indicated that 70% of the geriatric patients are males. What is the sample proportion of male patients?

  A machine that cuts corks for wine bottles operates in such

1. a machine that cuts corks for wine bottles operates in such a way that the distribution of the diameter of the corks

  Write a matlab program to calculate the probability

Write a MATLAB program to calculate the probability if is a Gaussian random variable for an arbitrary a  and b > 0 Note you will have to specify the mean and variance of the Gaussian random variable.

  Level of significance for the test

Test to see if the mean cell phone bill has changed since 2004. Use a .05 level of significance for the test.

  Give the state-transition-rate diagram of the process

a. Give the state-transition-rate diagram of the process. b. What is the probability that an arriving customer sees exactly one taxi at the station?

  Political opinion typically use a quota sample

Surveys of political opinion typically use a quota sample of 1000 voters with a new sample being selected each time. In the period before a general election, some organizations use panels. Suggest reasons for using a panel in preference to the mor..

  Difference between the lowest and highest values

This is the simplest measure of variability and dispersion; calculated by finding the difference between the lowest and highest values.

  Probability of mean and review for a chemistry test

Given that the mean of all 102 atomic numbers is 51.794, and the population standard deviation is 29.804, what is the probability that the mean of the 40 atomic numbers selected by the student will be at least 57.3?

  Measure of central tendency

Objective(s) of this Assignment:The assignment is being uploaded to build up the students concepts regarding;1. Measure of central tendency2. Measure of Dispersion

  Calculating the linear regression model using excel

Run a regression of Y on X in Excel and turn in the output with a note explaining what the coefficients {correlation coefficient (multiple R), standard error, t-statistic and F-statistic} mean.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd