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

Inventory, An audit of the accounting records of Loch Ness Ltd. for the ye...

An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance was over-valued by $35,000

Calculate a forecast using exponential smoothing, The Midwestern Manufactur...

The Midwestern Manufacturing Company (MMC) is a large manufacturer of electrical generators.  The firm has experienced demand for their generators as shown below: Year  Demand

Management accounting 2, foster company makes 20000 units per year that in ...

foster company makes 20000 units per year that in uses in products it manufactures

Standard deviation, how do i calculate standard deviation for a frequency d...

how do i calculate standard deviation for a frequency distribution

Historigrams and histogram, what is the difference between histotigrams and...

what is the difference between histotigrams and histograms?

Calculate the mean absolute percentage error, Littlefield Laboratories is a...

Littlefield Laboratories is a state-of-the-art highly automated blood samples testing lab. The demand of blood sample testing for the previous 20 days (day 1 to day 20) are given i

Test retest reliability, i have a scaled data on multiple questions from tw...

i have a scaled data on multiple questions from two different tests taken at different times for the same respondents, and now i want to calculate the reliability test manually but

Index numbers, discuss the considerations to be borne in mind when construc...

discuss the considerations to be borne in mind when constructing index numbers

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