Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
How is the probability distribution of a random variable constructed?Usually, the past behavior of the variable is studied and the frequency distribution of the past data is formed. If the past behavior can be taken as a representative pattern of the future also, then the past frequency distribution can be used as a guide for predicting the future values of the random variable. If past behavior cannot help, then a subjective probability distribution of the likely future values is formed on the basis of expert opinion.
The issue pattern of a component AB323 as observed by the storekeeper of XYZ Limited over the past one hundred working days has been summarized below.
Number Issued
No. of days
100
1
101
2
102
3
103
5
104
6
105
7
106
9
107
10
108
12
109
11
110
111
8
112
113
114
4
115
From the above table, in addition to observing that the issues have ranged between 100 units to 115 units, the storekeeper can also assess the chances of each quantity being issued by forming a probability distribution.
The probability distribution can be formed by dividing the individual values by 100 (the total number of days over which the observations have been made).
Number issued
Probability that the Random Variable will take on this value
0.01
0.02
0.03
0.05
0.06
0.07
0.09
0.10
0.12
0.11
0.08
0.04
Total
1.00
The probability distribution of a random variable provides a probability for each possible value and the probabilities must sum to 1.
Problem: A person has 3 units of money available for investment in a business opportunity that matures in 1 year. The opportunity is risky in that the return is either double o
I have some sample simulation and modeling practice questions using isee Stella software.
Sketch the phase portrait for the given system. Solution : From the last illustration we know that the eigenvectors and eigenvalues for this system are, This tu
whats the area of a triangle
A critical dimension of the service quality of a call center is the wait time of a caller to get to a sales representative. Periodically, random samples of 6 customer calls are mea
Explain Multiples ? When a whole number is multiplied by another whole number, the results you get are multiples of the whole numbers. For example, To find the first four mult
The square of a number added to 25 equals 10 times the number. What is the number? Let x = the number. The statement, "The square of a number added to 25 equals 10 times the n
Marketing management,Analysis,planning and implementation
how can solve limits
solve by factorization method; 10x-6y-3z=100, -6x+10y-5z=100, -3x-5y+10z=100
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd