User Account

All Pages

A bank recorded the number of atm transactions made by its

Assignment Help Basic Statistics
Reference no: EM13576754

Question: A bank recorded the number of ATM transactions made by its customers in one day. The number x of daily ATM transactions per customer can be approximated by the following probability distribution.

x   P(x)
0   .22
1   .28
2   .20
3   .12
4   .09
5   .07
6   .02

Find:

(i) P(X≤4)

(ii) P(2 < X ≤ 5)

(iii) Find the mean of X

(iv) Find the standard deviation of X.

Reference no: EM13576754

Questions Cloud

Define suitable populations from which the following : define suitable populations from which the following samples are selecteda persons in 200 homes are called by telephone
Icalculate the mean expected number of dines outside : question a market research team compiled the following discrete probability distribution for families residing in
The amount of time that a drive-through bank teller spends : the amount of time that a drive-through bank teller spends on a customer is a random variable with a mean micro 3.2
Using weighted-average cost calculate ending inventory and : gregs bicycle shop has the following transactions related to its top-selling mongoose mountain bike for the month of
A bank recorded the number of atm transactions made by its : question a bank recorded the number of atm transactions made by its customers in one day. the number x of daily atm
E-commerce creates its own risks and therefore special : e-commerce creates its own risks and therefore special internal controls.identify and explain one pitfall and one
Assume that management had determined that its : assume that management had determined that its organizations audit committee is not effective. for example lehman
The entry to close out a small amount of over applied : 1 the journal entry to record depreciation on production equipment would include aa. debit to accumulated depreciation
The foreman at a large plant estimates that there are : the foreman at a large plant estimates that there are defective parts about 1 of the time. if the plant produces 20000

Reviews

Write a Review

Basic Statistics Questions & Answers

  Independent two sample t-test

Why is it misleading to draw the conclusion from the test above that long-time exposure to cadmium reduces the vital capacity?

  Regression equation to the sample points

Identify this F ratio. What does the F ratio tell you about the fit of the regression equation to the sample points? What does it suggest?

  Compute the variance and standard deviation

Compute the variance and standard deviation

  Probability value based on log normal distribution

What is the expected number of customers that will have to wait more than 6 hours?

  Would you be able to assist me in completing a 5 step

Would you be able to assist me in completing a 5 step hypothesis test on both hypotheses (1 parameter & another with 2 or more)? In completing this test, I need to explain how to complete it.

  What is the critical value of t using confidence level

A sample of 25 provided a sample mean of 14 and a sample standard deviation of 4.32. What is the value of "t" for this sample? For a 95% confidence level, what is the critical value of "t"?

  Benefit of transforming data from the distribution

When comparing data from different distributions, what is the benefit of transforming data from these distributions to conform to the standard distribution?

  Hypothesis tests that make up two factor anova

The structure of a two factor study can be presented as a matrix with levels of one factor determining the rows and the levels of the second factor determining the columns. With this structure in mind, describe the mean differences that are evalua..

  Find variance-standard deviation for producing weather tire

What is the variance and standard deviation (of profit, NOT of tire life) for producing an all weather tire? Of producing a high performance tire?

  Determining variance testing

The standard deviation of the ages of a sample of 21 executives from the northern states was 8.4 years; while the standard deviation of the ages of a sample of 30 executives from southern states was 12.8 years.

  Prepare the linear programming model for problem

Management wishes to know how many casks of each wine to make to maximize total. profit. Prepare the linear programming model for this problem.

  Find at how many of the eruptions lasted in a range

For a sample with n=36, the mean duration of a geyser is 3.55 minutes and the standard deviation is 0.63 mintues. Using chebychev's theory, determine at how many of the eruptions lasted between 2.29 and 4.81 mintues.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd