Normal probability density function

Assignment Help Business Economics
Reference no: EM132367392

Normal probability density function. Suppose X ∼ N (2, σ = 3). Evaluate the probability density function of X at the value x = 3. Give an explicit formula for the function value, and show clearly how you evaluate it (whether with basic functions on your calculator, or with a built-in function on a graphing calculator, or in R).

Reference no: EM132367392

Questions Cloud

Find the probability that average sleeping time : Find the probability that average sleeping time for a randomly selected sample of 44 students is more than 6.5 hours per night
Are the data consistent or do they vary : Are the data consistent or do they vary? Explain your answer
Complete extensive surveys detailing : Researchers studied 15,500 healthy middle-aged adults, asking them to complete extensive surveys detailing their physical activities and weight gain
Accidents at the intersection of two streets : In a randomly chosen week, which probability model would you use to describe the number of accidents at the intersection of two streets?
Normal probability density function : Suppose X ~ N (2, s = 3). Evaluate the probability density function of X at the value x = 3. Give an explicit formula for the function value
Application of statistics in today business : Also, what are some of the good examples as when / how you would apply statistics in business?
What was porter score : What was Porter's score? Do not include units in your answer. For example, if you found that the score was 75 points, you would enter 75.
Describe the sampling distribution of x overbar : According to a certain? survey, adults spend 2.45 hours per day watching television on a weekday.
What is the probability that x is less than 30 minutes : If X has an average value of 22 minutes, what is the probability that X is less than 30 minutes?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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