Construct a probability distribution table

Assignment Help Business Economics
Reference no: EM131399551

1. Roll two 6-sided dice and examine their sum.

a) How long will it take to roll ‘snake-eyes' (a pair of ones)?

b) What is the probability of rolling a sum of 7 on the first roll?

c) What is the probability of rolling a sum of 7 on the fourth roll?

d) What is the probability of rolling a sum of 7 by the fourth roll?

e) What is the probability of it taking more than 10 rolls to roll the sum of 7?

2. In a recent season, Ichiro hit .378 for the season. That is, he got a hit 37.8 percent of the time (generally and simply speaking). How many at-bats would it typically take to get his first hit of the season?

3. There is a 6% chance that a vaccine will cause a certain side effect. A number of patients are given the vaccine. We are interested in the number of patients vaccinated until the first side effect is observed.

a) Define the random variable X.

b) Verify that this setting is a geometric setting.

c) Find the probability that the 5th patient is the first to experience a side effect. Construct a probability distribution table for X up through X=5. Please check with your instructor on how to submit your work

d) How many patients would you expect to vaccinate before the first side effect is observed?

Reference no: EM131399551

Questions Cloud

Discuss about sociological perspectives like functionalism : Select one of the sociological perspectives: functionalism, conflict theory, symbolic interactionism. Interpret the social problem/issue from this perspective. Your interpretation should reflect what you have learned from your readings so far in t..
Acover page of some kind : The project should have acover page of some kind. The format does not matter. You should include adiagram/drawing.  It can be embedded into your document. You can do the drawing in Visio, Excel, Google Apps, etc.  It does not have to be CAD quality..
Write the method using one of the iterators of binary tree : Compare the efficiencies of the previous two versions of the method.
Compare the mean to the median : Explain how the summary statistics show us that at least 25% of the respondents said that they do not use e-mail.- What is the interval that contains the lower 50% of the responses?
Construct a probability distribution table : Find the probability that the 5th patient is the first to experience a side effect. Construct a probability distribution table for X up through X=5. Please check with your instructor on how to submit your work
Write a description of the client system : So far in this course, you have examined the three levels of social work practice: micro, mezzo and macro. You also have explored how the GIM steps and specific practice skills apply to each level of practice. In order to demonstrate your understa..
Choosing a particular operating system : List and describe the business drivers behind choosing a particular operating system. What factors might influence IT to choose between open systems versus proprietary systems versus server operating systems?
Create a method for the class binarytree : Suppose we want to create a method for the class BinaryTree that decides whether two trees have the same structure.
Outputs the digits in reverse order : Asks the user to enter a positive integer greater than 0 Validates that the entry is a positive integer Outputs the digits in reverse order with a space separating the digits

Reviews

Write a Review

Business Economics Questions & Answers

  Explain the short-run and long-run effects on output

For each of the following events, with an AD and AS diagram, explain the short-run and long-run effects on output (or equilibrium GDP) and the price level. Assume that the economy is initially at full employment.

  Substitution between visiting gym and consuming all goods

Hulk goes to the gym 20 times a month. His income is $1000 per month and his visits to the gym cost $4 per visit. For simplicity, assume all other goods that Hulk consumes besides the gym costs $10 each. Assume Hulk exhibits diminishing marginal rate..

  Income elasticity-advertising and cross-price elasticity

Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4.

  Compare three ways to reduce the demand for heroin

Use economics to compare three ways to reduce the demand for heroin: (i) the substitution of another, less dangerous, and less debilitating drug, such as methadone for heroin, to registered addicts; If expenditures on preventing crime equal $200 bill..

  Ordinary language philosophy has on democracy and education

Describe the implications Stanley Cavell’s ordinary language philosophy has on democracy and education. Provide an example of ordinary language philosophy. Examine the ideas of mutual reflection and mutual understanding as it relates to cultural diff..

  For what proportion of these corporations the rate of return

For what proportion of these corporations the rate of return negative? C. For what proportion of these corporation was the rate of return between 5% and 15%?

  How much output does the economy produce

Suppose the production function in medieval Europe is Y = K0.5L0.5,where K is the amount of land and L is the amount of labor. The economy begins with 100 units of land and 100 units of labor. Use a calculator and equations in the chapter to find a n..

  Characteristic of monopolists demand curve

The monopolist's demand curve: Under which of the following situations would a monopolist increase profits by lowering price (and increasing output): Which of the following is characteristic of a monopolist's demand curve?

  Suppose the price elasticity of demand for heating oil

Suppose the price elasticity of demand for heating oil is 0.2 in the short run and 0.7 in the long run. If the price of heating oil rises from $1.80 to $2.20 per gallon, what happens to the quantity of heating oil demanded in the short run? In the lo..

  Firm sells its product in a perfectly competitive market

A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm's total costs are C(Q)=40+8Q+2Q2. how much output should the firm produce in the short run? what price should the firm charge in the..

  Plot profit for first seven teddy bears that alex produces

Suppose Alex runs a small business that manufactures teddy bears. Assume that the market for teddy bears is a competitive market, and the market price is $25 per teddy bear. Use the blue points (circle symbol) to plot total revenue and the green poin..

  Non-profit organizations with tax exemption under section

Do US non-profit organizations with tax exemption under Section 501(c)(3) of its Internal Revenue Code which have investments (such as university endowment funds) have to divulge these investments in any sort of filings? If so, are these required to ..

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