Corresponding probability rounded to four decimals

Assignment Help Basic Statistics

Reference no: EM131129379

With reference to Exercise 71, what can we assert about the amount of time it takes a person to be served at the given restaurant if we use Chebyshev's theorem with k = 1.5? What is the corresponding probability rounded to four decimals?

Exercise 71

The amount of time it takes a person to be served at a given restaurant is a random variable with the probability density

Find the mean and the variance of this random variable.

Reference no: EM131129379

Questions Cloud

What are the major disadvantages in using bonds : As a source of long-term financing, what are the major advantages of bonds over common stock?

Description of the role of the memoir in literature : Write the memory in first person and incorporate both the details of the experience or event as well as your personal reactions.

Determine what your state income taxes : Determine your total taxes paid based on the above calculations, and determine the percentage of income that you would pay in taxes based on the following formula:Total taxes paid ÷ Total income.

What loss does the bank incur : A bank issues a $3 million commercial mortgage with a nominal APR of 8%. The loan is fully amortized over 10 years, requiring monthly payments. The bank plans on selling the loan after two months. If the required nominal APR increases by 45 basis poi..

Corresponding probability rounded to four decimals : With reference to Exercise 71, what can we assert about the amount of time it takes a person to be served at the given restaurant if we use Chebyshev's theorem with k = 1.5? What is the corresponding probability rounded to four decimals?

How you would represent one of these concerns as an aspect : Discuss how you would represent one of these concerns as an aspect.

How many futures contracts does this bank need to fully hedg : Chicago Bank and Trust has $100 million in assets and $83 million in liabilities. The duration of the assets is 5.9 years, and the duration of the liabilities is 1.8 years. How many futures contracts does this bank need to fully hedge itself against ..

Prepare a journal entry to correct the error : Determine which accounts are incorrect as a result of these errors at January 1, 2011, before adjustments. Explain your answer. Prepare a journal entry to correct the error. What other step(s) would be taken in connection with the error.

Questions about development the dynamics of creating value : Development: the dynamics of creating value 1. Why is the permitting stage of development often the riskiest stage of the process?2. List at least five ways that a developer may attempt to reduce the risks of the permitting process.

User Account

All Pages