Make a histogram for the distribution of probabilities

Assignment Help Mathematics
Reference no: EM13180236

In Colorado, 55% of auto insurance claims are submitted by males under the age of 25. Suppose 10 property damage claims are selected at random.

a. Make a histogram for the distribution of probabilities.
b. What is the probability that 6 or more claims are made by males under 25?
c. What is the expected number of claims made by males under 25? What is the standard deviation of the distribution?

Reference no: EM13180236

Questions Cloud

What is the size of the output gap : Assume you have the following model of the expenditure sector: Sp = C + I + G + NX C = 400 + (0.8)YD Io = 200 G = 300 + (0.1)(Y* - Y) YD = Y - TA + TR NXo = - 40 TA = (0.25)Y TRo = 50 What is the size of the output gap if potential ou..
Find a rational zero of the polynomial function : Find a rational zero of the polynomial function and use it to find all the zeros of the function.
Advantages of accrual accounting : Explain why the advantages of accrual accounting outweigh the disadvantages of ‘earnings management'.
Identify any economic issues of special concern : Research the current value of the following economic indicators: Analyze the current macroeconomic situation. Discuss expectations of changes in economic, financial, and international conditions in the near future. Identify any economic issues of ..
Make a histogram for the distribution of probabilities : What is the expected number of claims made by males under 25? What is the standard deviation of the distribution?
What is the selling price of the coffee table : if a furniture store buys a coffee table from a manufacturer for $120.00 and sells it at a 100% markup, what is the selling price of the coffee table?
What is the expected lead-time for delivery : Assuming the company uses a safety stock of 20 units resulting in a reorder point of 60 units, what is the expected lead-time for delivery?
What variable cost is as defined for activity-based-costing : What variable cost is as defined for Activity-Based-Costing and what direct cost is as defined for Activity-Based-Costing
How many ounces of each of the original alloys must be used : A jeweler needs to mix an alloy with 14% gold content and an alloy with a 24% gold content to obtain 50 ounces of a new alloy with exactly 20% gold content. How many ounces of each of the original alloys must be used? [Round to the nearest tenth o..

Reviews

Write a Review

Mathematics Questions & Answers

  Find what is the probability of selecting a black or a red

You randomly select one card from a 52 card deck. What is the probability of selecting a black 6 or a red jack?

  Determine the margin of error if 99% confidence is desired

Explain what assumption the researcher should be willing to make if a margin of error is desired.

  Integral test of series

Determine whether the series is convergent or divergent.

  How many trucks can be made

A toy maker finds that it costs C = 250 + 3.3xdollars to manufacture x toy trucks. If the budget allows $3,500 in costs, how many trucks can be made?

  Explain odds of hitting a bankrupt on wheel of fortune

Odds of Hitting a Bankrupt on Wheel of Fortune. Assume that the Wheel of Fortune has 24 slots, each subtending 15 degrees. There are two bankrupt slots.

  Converse and contrapositive

Write the converse of this statement. Is the converse true. Explain. Write the contrapositive of this statement. Is the converse true. Explain.

  Find the probability on poisson distribution

Find the probability on poisson distribution.

  Computing fixed cost and variable cost

If we graph this data with Total Cost on the Y axis (Vertical axis) and the Quantity Produced on the X axis (Horizontal axis) what do you think will be the shape of the line

  Find the amount of each equal monthly payment

A $10,161.92 car can be bought for a down payment of $2,000 and 36 equal monthly payments. Find the amount of each equal monthly payment.

  Find the velocity of the wind

A plane can fly 390 mph in still air. If it can fly 220 miles downwind in the same amount of time it can fly 170 miles upwind, find the velocity of the wind.

  Calculate the mean of each sample

Calculate the mean of each sample

  What amount of sales would you have to generate

There is no doubt the image of the franchise will draw additional customers and its management may even help cut some of your other expenses. However, as these numbers point out, joining a franchise channel is not always a surefire guarantee of su..

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