Determining mean of distribution of data

Reference no: EM1315752

Q1) If 25 tickets are sold and 2 prizes are to be awarded, determine the probability that one person will win both prizes if that person purchases exactly 2 tickets.

i) 1/300

ii) 1/600

iii) 1/700

iv) 1/2300

Q2) Determine mean of distribution shown.

x	1	2
P(x)	0.31	0.69

i) 0.96

ii) 1.42

iii) 1.18

iv) 1.69

Q3) Give the mean of following probability distribution?


1	0.20
2	0.10
3	0.35
4	0.05
5	0.30

i) 1.20

ii) 1.46

iii) 3.15

iv) 2.13

Reference no: EM1315752

Questions Cloud

Describing how production changes with cost : You are a manager of a large but privately held online retailer that currently uses 17 unskilled workers and 6 semiskilled workers at its warehouse to box and ship the products it sells online.

Marginal external costs and market efficiency : How many cases of peaches will be produced per week during the growing season, and what will the selling price per case be if producers ignore the marginal external costs imposed on others?

Finding numerical probability that event will happen : What kind of probability uses sample spaces to find out numerical probability that event will happen?

Profit maximization under monopoly : What price will the monopolist charge and how much output will he produce? Sketch a diagram of this market and show the equilibrium price and quantity. In addition, calculate the firm's profits.

Determining mean of distribution of data : Determine mean of distribution shown. Give the mean of following probability distribution?

Confidence interval for the population proportion : What statement can you made by using the rule of three, about the proportion p, of all its computers which are defective?

Mr curves for european and american markets : In the text we mentioned how Levi Strauss price discriminates between the European and American markets. This question is designed to help you analyze this situation.

Calculated z test statistic and null hypothesis rejection : The calculated Z test statistic is a positive value that leads to a p-value of .045 for the test. If the significance level (α) is .01, the null hypothesis would be rejected.

Explaining binomial model : Researcher asked group of 30 students - 12 of them supported change, 13 of them didn't, and 5 had no opinion. This is not binomial model as?

User Account

All Pages