Expected number of claims by males

Assignment Help Basic Statistics
Reference no: EM13100839

5% of auto insurance claims are submitted by males under age of 25 suppose 10 property damage claims are selected at random. what is the probability that 6 or more claims are made by males under 25? what is the expected number of claims by males under 25? what is the standard deviation of the distribution. (How to show on excel using binodist formula).

Reference no: EM13100839

Questions Cloud

Components in making of ball bearings : High precision titanium spheres are popular components in manufacturing of ball bearings. A factory has ordered a shipment of 5000 titanium spheres from aboard. It is found that the shipment has a mean radius of 1.5 cm with a standard deviation ..
Explain relationship between motivation and job satisfaction : What is the relationship between motivation and job satisfaction? Are satisfied employees more productive? Can most people be motivated by money?
Discrete probability model : Choose a person aged 19 to 25 years at random and ask, "how many times have you worked out in the past?" Call the response X for short.
How to recover damages : Burned wall collapses onto crane, which falls on, and injures, bystander, Carol. What should Carol illustrate to recover damages from Bob?
Expected number of claims by males : what is the expected number of claims by males under 25? what is the standard deviation of the distribution. (How to show on excel using binodist formula).
Information about rules of probability : Although the rules of probability are just basic facts about percents or proportions, we need to be able to use the language of events and their probabilities.
Upper control limit for the process : Given a situation where a control chart with 3-sigma limits is being constructed to monitor the percentage of defective items produced by a process, if samples of 100 units each are taken from the process and the average percent defective found in..
Determining probability distribution : What is meant by a probability distribution? Discuss how you could use one of the text probability distribution at your workplace to help solve a business problem.
Explain culturally contingent leadership behaviors : What are the culturally contingent leadership behaviors and attributes? What are the positive leadership behaviors and traits that are universally accepted that facilitate leadership effectiveness?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Costs of coca cola company

Compute the unit manufacturing cost of the product under the contribution approach. Compute the effect on net income of accepting a special order for 500 units at $10 per unit assuming excess capacity.

  Least squares regression line-correlation

Find an equation of the least squares regression line. Please show your work. Is there a linear correlation between "x" and "y" at the 0.01 significance level? Please justify your answer.

  Level of significance test- critical and p-value approaches

At the 5% level of significance test whether the bottling process is carried out accurately or whether the filling machinery needs calibration. Use both the critical and the p-value approaches.

  Normal approximation to the binomial

According to study done by Nick Wilson of Otago University, the probability a randomly selected individual will not cover his or her mouth when sneezing was 0.267. Suppose you sit on a mall bench and observe 200 people pass by as they sneeze.

  Predicting bed census-multiple regression model

To help schedule staffing and equipment needs, a large hospital uses a multiple regression model to predict its 'bed census' y, the number of beds occupied at the end of each day.

  Sample statistic-independent random samples

Test the following claim about the difference between 2 populations proportions p1 and p2 for the given level of significance a and given sample statistic. Is it right-tailed, left-tailed, two-tailed. Assume the sample statistic are from independe..

  Local group claims

A local group claims that the police issue more than 60 speeding tickets a day in their area.

  Distribution of data

Part 1. What is the appropriate distribution for such data? Part 2. Is this lot anomalous?

  Confidence level and sample data to find confidence interval

Use the given confidence level and sample data to find a confidence interval for estimating the population mean

  Standard deviation of the prices

Based on the custom "rule-of-thumb" for estimating the standard deviation, if the range of prices for a product sold in Kansas City is between $99 and $349, an estimate of the standard deviation of the prices would be about:

  Global test of hypothesis to find regression coefficients

Carry out the global test of hypothesis to find out whether any of the regression coefficients are not equal to 0. Use.05 level of significance.

  Calculating the test statistic of a printing plant

The superintendent of a printing plant has selected a random sample of 100 rolls of paper from a large shipment. The average length of the sample rolls is 416 feet, with a variance of 2704 feet.

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