Determine the mean and standard deviation, Basic Statistics

Assignment Help:

1.)  Two dice are rolled and the sum is calculated.  Let X represent the sum of the two dice. Construct a probability distribution expressing probabilities in fractional form.

2.)  Find the mean and standard deviation to 2 decimal places for problem #1.

3.)  On the basis of past experience an insurance salesperson knows that the number of long-term health care insurance policies sold per week by the company is a random variable x with the following probability distribution.

            X                     p(x)

            0                      0.245

            1                      0.143

            2                      0.125

            3                      0.096

            4                      0.078

            5                      0.064

            6                      0.039

            7                      0.029

            8                      0.181

Suppose that a week is randomly selected. Find

a.)  p(x=3)       b.) p(x > 4)         c.) p(x < 8) d.) p(1 < x < 6)

4.)  A question on a proficiency test is multiple choices with five possible answers, one of which is correct.  Assuming that all responses are random guesses, find the probability that among 18 test subjects,

a.) exactly 5 answer the question correctly.

b.)  at most 6 answer the question correctly.

c.)  at least 8 answer the question correctly.

5.)  Referring back to question 4, find the mean to the nearest hundredth and the standard deviation to four decimal places.


Related Discussions:- Determine the mean and standard deviation

Journalizing confusing transaction, How would you journalize this transacti...

How would you journalize this transaction? Purchased used truck for $6,240, paying $3,120 cash and the balance on account.

Definition of bonded warehouse, Bonded warehouse is a storage area under Cu...

Bonded warehouse is a storage area under Customs authority that is imported dutiable goods on which duty is unpaid and these are stored. Once the duty & other charges are paid the

Biostatics, A national study found that treating people appropriately for h...

A national study found that treating people appropriately for high blood pressure reduced their overall mortality by 20%. Treating people adequately for hypertension has been diffi

Managerial accounting, Barker Company has a single product called a Zet. Th...

Barker Company has a single product called a Zet. The company normally produces and sells 80,000 Zets each year at a selling price of $40 per unit. The company’s unit costs at this

Variance analysis, Variance analysis In spending budget (or control sales ...

Variance analysis In spending budget (or control sales in general), a change is the change between an allocated, thought out or conventional quantity and the actual quantity incur

Study guide, Can you provide me a study guide for accounting please? Can yo...

Can you provide me a study guide for accounting please? Can you give me picture examples & instructions on how to do things that are really easy to understand? I need this for doin

Calculate strengths and weaknesses , In the 2009 baseball season, the team ...

In the 2009 baseball season, the team that finished the regular season with the best record in the National League was the Los Angeles Dodgers, with a record of 95-67. (For those o

Write Your Message!

Captcha
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