Calculating probability of stock

Assignment Help Basic Statistics
Reference no: EM13103796

Let X be the number of gallons of ice cream that is requested at a certain store on a hot summer day. Assume that f(x)= 12x(1000-x)^2/10^12, 0<x<1000, zero elsewhere, is the pdf of X. How many gallons of ice cream should the store have on hand each of these days, so that the probability of exhausting its supply on a particular day is 0.05?

Reference no: EM13103796

Questions Cloud

Computing probability of rolling a six : Cast a die a number of independent times until a six appears on the up side of the die. Find the probability density function F(x)= P(X
Comparing the two forecasts using mad : The manager of the Carpet City outlet needs to make an accurate forecast of the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill,
At what angular velocity does the set of disks rotate : Two uniform, solid disks are rotating freely about the same axis. Then they are linked together without the aid of any external influences. Before being connected.
Statistical procedures for analysis : Describe the correct statistical procedures for analysis for how has quality of care changed in hospitals that are part of a pay for performance (P4P) program?
Calculating probability of stock : Let X be the number of gallons of ice cream that is requested at a certain store on a hot summer day. Assume that f(x)= 12x(1000-x)^2/10^12, 0
What would the resulting electrostatic pressure : A total charge of Q is deposited on a solid metal sphere of radius R. This charge distributes itself uniformly over the surface, yielding an electrostatic field E~ perpendicular =(sigma / e0) n^ just outside the sphere and E~ = 0 everywhere insid..
Academic approach to statistics problem : In a certain city, 50 percent of the people consider themselves conservative (C), 25 percent consider themselves liberal (L), and 25 percent consider themselves to be independent (I).
Evaluating leadership style : The previous manager used a transactional leadership approach, which has been relatively ineffective. Evaluate one leadership style and describe which you would take.
Continous probability distributions-statistics : The National Collegiate association (NCAA) reported that the mean number of hours spent per week on coaching and recruiting by college football assistant coaches during the season 70.

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is regression effect

He argues that the regression effect says people who perform very poorly in their previous job tend to perform well in their next job. Is this what the regression effect says? Explain.

  Confidence interval to estimate the true average difference

The 90% confidence interval to estimate the true average difference in nationwide sales quantity before the ad campaign and after is (0.39, 16.64). Which of the following is the appropriate conclusion? The differences were calculated as (after ad ..

  Information of linear regression analysis

Application of simple linear regression analysis to the estimation of a demand equation has yielded the following

  Null hypothesis and two sided alternative hypothesis

For each of the following statistical tests, state the null hypothesis and the two sided alternative hypothesis.

  Distribution of gas prices in the area

Suppose today's sample yielded a mean of $4.19 and a standard deviation of $0.10, create and interpret a 99% confidence interval for the population standard deviation. Assume the distribution of gas prices in the area follows a normal distribution..

  Type of p-value in designing a research study

A doctoral student is designing a research study. She is hoping that the results of the study are statistically significant. What type of p-value would she want to obtain? Select one of the following.

  Considering hypothesis test

A sample of 50 provided a sample mean of 14.15. The population standard deviation is 3.

  Construction of linear regression equation

Do the association between the sizes of the heads and bodies of the two species appear to be strong? Explain.

  Statements regarding a nonparametric test

Which of the following statements is true regarding a nonparametric test?

  Probability that came from tyson wholesale

A defective picture tube was discovered in the latest shipment. What is the probability that it came from Tyson Wholesale?

  Determining probability for completion of project

Determine the probability that the project will be completed in 90 days or less.

  X-bar and r chart

A Starbucks manager decides to study waiting times of customers for service at the lunch time rush hour 1100-1200. He observes three customers to measure the time the customer enters the line to the time he or she reaches the counter.

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