Statistics for Business and Economics
8th Edition
ISBN: 9780132745659
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
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Chapter 5.1, Problem 1E
To determine
Calculate the probability.
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Check out a sample textbook solutionStudents have asked these similar questions
The number of orders for installation of a computer information system arriving at an agency
per week is a random variable x with the probability distribution .
3
0.10
3, 4, 5, 6, 7, 8, 9
4
0.20
The cumulative probability distribution is
0.1, 0.3, 0.6, 0.8, 0.9, 0.95, 1.0
0.1, 0.2, 0.3, 0.2, 0.1, 0.05, 0.05
0.3, 0.8, 1.5, 1.2, 0.7, 0.4, 0.45
3, 7, 12, 18, 25, 33, 42
5
0.30
6
0.20
7
0.10
8
0.05
9-
0.05
The joint probability distribution of two random variables, Xand Y, is given in the table below.
Y=-4 Y--3 Y--1 Y-2
X--4 0.06
0.12
0.17 0.18
X--1
0.00
0.03
0.00 0.21
X-0 0.02
0.01
0.20 0.00
From the information in the table, calculate each of the following probabilities.
Round your answers to two decimal places.
(If necessary, consult a list of formulas.)
(a) Given that Y=-3, compute the probability that X=0.
Given that X2 -1, compute the probability that
(b)
Y2-3.
a) Grace Floral Shop sells several types of roses for all occasions. It is known that 43% of the
roses that is sold by Grace Floral Shop are Eden Roses. 12 roses are ordered to put in a bouquet
(i) Define the random variable for this situation and list its values
(ii) Stating its parameter(s), what is the probability distribution of this variable?
(iii)State the conditions that influence your choice of distribution.
(iv)Calculate the probability that at most 2 of the roses were Eden Roses.
b) The number of telephone calls coming into Grace Floral Shop to place orders averages 3 per
minute.
(i) Define the random variable in this situation and list its values.
(ii) Stating its parameter(s), what is the probability distribution of this variable?
(iii)Compute the probability that 5 calls will arrive per minute.
(iv)Compute the probability that 3 or more calls will arrive in a 3-minute interval?
Chapter 5 Solutions
Statistics for Business and Economics
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