Find probability of independent events

Assignment Help Basic Statistics
Reference no: EM1316542

Find Probability of independent events

Consider again the auto repair rates described. If you own two cars, what is the probability that

a) Neither will need repair?

b) Both will need repair?

c) At least one car will need repair?

Reference no: EM1316542

Questions Cloud

Capm validity as well as possible situations : CAPM validity as well as possible situations which of the following situations is possible
Determine probability values based on discrete distribution : Determine Probability values based on discrete distribution.You roll a fair die three times.
Predicting using the relative frequency table : Create a frequency table for the total number of people that prefer each type of music:
Find the ratio of nurses to doctors : One month ago the ratio of nurses to doctors on a hospital staff was 3:5. Since that time two additional nurses joined the staff, no nurses left & the number of doctors remained the same.  Find the ratio of nurses to doctors.
Find probability of independent events : Find Probability of independent events.Consider again the auto repair rates described. If you own two cars, what is the probability that.
Computation of lease option vs. buy option using time value : Computation of lease option vs. buy option using time value of money and Compute the after tax cost of the borrow-purchase alternative
Purpose a monthly income and expense plan for terrels : Preparation of monthly income and expense plan and analysis of financial position - Purpose a monthly income and expense plan for the Terrels in 2003.
Finding price elasticity and profit maximization : In 1991, Brazil and Columbia united to form a coffee cartel and reduce coffee output. Suppose total costs for the cartel are: TC = 12 + 5Q + Q 2
Find out probability values from discrete distribution : A consumer organization estimates that over a 1-year period 17 percent of cars will require to be repaired once, 7 percent will need repairs twice, and 4 percent will require three or more repairs. What is the probability that a car chosen at rand..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Normal approximation to determine probability

Use normal approximation to determine probability that x = 2. Illustrate all work.

  Finding probability using binomial distribution

Using the Binomial Distribution, find the probability that if Air Northeast books 22 people on a flight, not enough seats will be available for all booked passengers.

  Estimating probability on normal and binomial distribution

If you have a statistical package that computes binomial probabilities, find the probability that at least five funds outperform the market in all 10 years.

  Loss probabilities for a year

An automobile insurance company estimates the following loss probabilities for the next year on a $25,000 sports car:

  Hypothesis test for one population mean

Report the t-value, whether you accept or reject Ho, and whether the difference was significant in a brief sentence.

  Estimate the expected value

One state lottery has 1000 prizes of $1, 200 prizes of $5, 50 prizes of $25, 15 prizes of $150, 4 prizes of $500, and 1 prize of $2500.  What is the lottery expected profit per ticket?

  Determine - test the hypotheses

A bank wants to get new customers for their credit card. They try two different approaches in their marketing campaign. The first promises a "cash back" reward; the second promises low interest rates. A sample of 500 people are mailed the first br..

  Ways to select jury of twelve people

From Group of 40 People, a jury of 12 people is selected. In how many various ways can a jury of 12 people be selected?

  Probability-randomly chosen employee

Let A be the event that a randomly chosen employee has a college degree and B the event that the chosen employee's income is more than $50,000.

  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?

  Estimate the p-values using excel function

In Excel, which of the following functions is used to conduct a hypothesis test (using the  p -value) for a population variance

  Correlation coefficient and regression equation

The ________ is the probability of observing a sample value as extreme as, or more extreme than the value observed, given that the null hypothesis is true.

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