User Account

All Pages

Find the probability that a congressman voted for no

Assignment Help Basic Statistics
Reference no: EM131703220

The results of the October 3rd vote on the Emergency Stabilization Act of 2008 are shown in the table below.

Region Yes No Total

Midwest 57 42 99

Northeast 62 21 83

South 86 68 154

West 58 40 98

Total 263 171 434

a. Find the probability that a congressman voted for no.

b. Find the probability that a congressman was from the west and voted no.

c. Find the probability they voted yes given that they were from the west.

d. Find the probability that they were Midwestern if they voted no.

e. Find the probability that a congressman voted no if they were from South or West.

b) 4. I want to open a bakery and I am considering locations at two different shopping centers. Use expected value to determine which location I should use.

Location 1: According to my consultant, if the bakery is successful, I can anticipate an annual profit of $300,000. If it's not successful, I can anticipate an annual loss of $100,000. The probability of success of this location is 0.5.

Location 2: According to my consultant, if the bakery is successful, I can anticipate an annual profit of $200,000. It it's not successful, I can anticipate an annual loss of $60,000. The probability of success at this location is 0.75.

Reference no: EM131703220

Questions Cloud

What are the steps involved in producing an order : What are the steps involved in producing an order and shipping it to the customer? In global supply chains, how can a company ensure ethical behavior?
Quality control specialist responsible for the production : The quality control specialist responsible for the production line decides to two-sided hypothesis test to determine whether the production line is really.
State the moral issue involved and provide an explanation : Consider a specific moral question which might make it difficult to accept the relativist's response. State the moral issue involved, and provide an explanation
Do a small amount of research and share what you learn : Do a small amount of research and share what you learn with your peers about the topic discussed in this post.
Find the probability that a congressman voted for no : The results of the October 3rd vote on the Emergency Stabilization Act of 2008 are shown in the table below.
Identify alternate methods of disposing of the bond premium : (Journal entries regarding a bond issue and accounting for a premium) Archambault Township authorized a bond issue for a parking garage wish an estimated cost.
Approximate percentage of light bulb replacement requests : Using the empirical rule (as presented in the book), what is the approximate percentage of light bulb replacement requests numbering between 41 and 51?
Review complete cycle-permanent fund : Dr. Theodore Dough made a $500,000 gift to the Village of Radnor. Dr. Dough stipulated that the corpus of the gift.
Evaluate the consequences to a publically traded company : Evaluate the consequences to a publically traded company when there is a lack of quality within financial accounting and reporting.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Cars arrive at a toll booth at eppley airfield in omaha at

cars arrive at a toll booth at eppley airfield in omaha at an average rate of 8 in 20 minutes. arrivals are poisson

  Compute simple main effect test for the type of adult factor

Compute simple main effect tests for the type of adult factor at each level of the consequences factor. Use Tukey's HSD to analyze the significant.

  Find the expected number of bad courses that alice shops

A certain college has g good courses and b bad courses, where g and b are positive integers. Alice, who is hoping to find a good course, randomly shops courses.

  Find the probability that a shopper made a purchase

Of those who made no purchase, 201 were happy with the service and 221 were not. Use probability rules (when appropriate) to find the probability that a shopper made a purchase.

  Market research firm specializingin political polls

Policy Pollsters is a market research firm specializingin political polls. Records indicate in past elections,when a candidate was elected, Policy Pollsters hadaccurately predicted this 80 percent of the time andthey were wrong 20% of the time.

  Beverage cans for an upcoming promotion

Schlepsi has contracted with AluminiCorp to produce special beverage cans for an upcoming promotion. They want 25% of the Schlepsi cans produced by AluminiCorp to be imprinted with the phrase 'A Winner is You!' along with a promotion code for the ..

  Compute the loss on each remaining policy for second year

What is the loss on each remaining policy for the second year, assuming All of the healthy policyholders at age 51 lapse the policy at that time, and none of the unhealthy ones do.

  Determine the relationship between the given two variables

Using the 2008 attendance data, construct the appropriate graph to help determine the relationship between these two variables and discuss the implications.

  Should they scrap the dvd strategy

Given the confidence interval the bank found in their trial of DVDs, what would you recommend that they do?

  Identifying a significant positive correlation

A researcher conducts some research in which they identify a significant positive correlation (r =0.42) between the number of children a person has and their life satisfaction. Which of the following is it inappropriate to conclude from this resea..

  Find the coefficient of skewness for x

A random variable X has a uniform distribution over the interval (-a/2, a/2)  for some positive constant a:- Find the coefficient of skewness for X ; - Find the coefficient of kurtosis for X ;

  1 find the margin of error for the given values of csand

1. find the margin of error for the given values of csand nc0.95s3.1n812. construct the confidence interval to find the

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd