Determining valid density function

Assignment Help Basic Statistics
Reference no: EM1315703

Q1) Cereal manufacturer is aware that weight of product in box varies slightly from box to box. Actually, considerable historical data has allowed determination of density function which explains probability structure for weight (in ounces).  In fact, letting X be random variable weight, in ounces, density function can be explains as

f(x) =  2/5,             23.75 ≤ x ≤ 26.25,

0, elsewhere.

i) Verify that this is valid density function.

ii) Find out probability that weight is smaller than 24 ounces.

iii) The company wishes that weight exceeding 26 ounces is extremely rare occurrence. Determine the probability that this "rare occurrence" does actually occur?

Reference no: EM1315703

Questions Cloud

Find the capital gains yield : Calculation of Firms growth Rate and Capital Gains Yield at given dividend options -  Find the Capital Gains Yield?
Utility maximization formula : Complete the following table by computing the marginal utility per dollar for successive units of X, Y, and Z to one or two decimal places.
Determine the required return on this stock : Calculation of current required return on the stock - Determine the required return on this stock
Probability regarding sample space of an experiment : Let S = {c, h, j, q, t, y} be a sample space of an experiment and let E = {c, h}, F = {c, q, y}, and G = {h, j, t} be events of this experiment. (Enter your answers using roster notation. Enter Ø for the empty set.)
Determining valid density function : Verify that this is valid density function. Find out probability that weight is smaller than 24 ounces.
Static classical ad or yp model : Using the static classical AD/YP model, demonstrate the effect of each of the following changes.
Compute the growth duration of each company stock : Compute the growth duration of each company stock relative to the S&P Industrials and evaluate the growth duration of Company A relative to Company B.
Optimal consumption bundle to maximize utility : The table below shows the marginal utility a costumer would get by purchasing various quantities-What combination of the three products should be purchased in order to maximize utility?
Determining the marginal density : On randomly selected day, let X and Y, respectively, be proportions of time that the drive-in and walk-in facilities are in use. Determine the marginal density of X.

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Describing name of parts of regression equation

Write down the name of 4 parts of the regression equation.

  Frequency polygon concept

A frequency polygon: does not depend on one variable. True-False

  Effects of four tomato varieties

An experiment was carried out to assess the effects of four tomato varieties and four planting densities on yield. There were 64 plots, and each of the 16 factor combinations was randomly assigned to 4 plots

  Determining cutoff point for those who earn bonus

Sales manager wishes to award sales representatives who earn the largest commissions a bonus of= $1,000 .He can award bonus to 20% of representatives. Determine cutoff point between those who earn bonus and those who don't?

  Evidence of a significant difference

Is there evidence of a significant difference in the proportion who get their news primarily from newspapers between those 36 to 50 years old and those above 50 years old? (use α = 0.05)

  Evaluate the sum of the ranks for additive

One characteristic of billiard balls is their elasticity - the bounce they get when striking one another. A manufacturer of billiard balls is testing three additives to the basic plastic.

  Flipping of coins

A fair coin was flipped three times and landed heads three times. What is the probability of a head on the next toss?

  Solve the mean and standard deviation equations

Solve the mean and standard deviation equations

  Show the partial anova table

A manufacturer of billiard balls is testing three additives to the basic plastic. Show the partial ANOVA table

  Decision analysis-maximax criterion

By using the maximax criterion, what decision should be made by the decision maker?

  Reasonable explanation for the correlation

Give three logically possible directions of casualty, indicating for each direction whether it is a reasonable explanation for the correlation in light of the variables involved (and why).

  Probability that the psychic correctly identifies the symbol

A noted psychic was tested for ESP. The psychic was presented with 400 cards face down and asked to determine if each card was marked with one of four symbols: a star, cross, circle, or square. The psychic was correct in 120 cases. Let p represent..

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