Probability of selecting from random variables

Assignment Help Basic Statistics
Reference no: EM1316128

A druggist wishes to select three brands of aspirin to sell in his store. He has five major brands to choose from: A, B, C, D and E. If he selects the three brands at random, what is the probability that he will select the following?

(a) brand B

(b) brands B and C

(c) at least one of the two brands B and C

Reference no: EM1316128

Questions Cloud

Linear equation in two variables : Linear equation in two variables
Discriminating prices and two part tariff : Suppose a monopolist with cost function C (Q) = 3Q selling to 2 segments of consumers where Q is total output produced by the monopolist in both markets. If the monopolist can use a single two-part tariff, compute the two part tariff that will maxim..
Computation of operational and financial : Computation of operational and financial and combined leverage and They have 1 million shares of common stock outstanding and a tax rate at 40%
Describe the data which show a seasonal effect : Describe the given data show a seasonal effect using moving average method. Describe the data which show a seasonal effect.
Probability of selecting from random variables : If he selects the three brands at random, what is the probability that he will select the following?
What is the probability that the student 30 years old : Professor Cox needs a volunteer amongst 30 students in his statistical applications course. The average age of his students is 25 years, with the standard deviation of 3 years.
Simplify and perform the indicated operations : Simplify and perform the indicated operations.
Classifying utility functions as risk averse : Classify the following utility functions as risk averse, risk neutral or risk seeking and draw the relevant diagrams
Computation of interest expenses : Computation of interest expenses at required combined leverage and if the firm has no preferred stock and what are its annual interest charges

Reviews

Write a Review

Basic Statistics Questions & Answers

  Sampling frame-matching population

In each of the following situations, the sampling frame does not match the population, resulting in undercoverage. Give examples of population members that might have been omitted:

  Estimating the p-value based on t-test

Between what two values does the  P -value of this test fall?

  Computing likelihood of the sample mean

What is the likelihood the sample mean is greater than $22.50 but less than $25.00?

  Binomial distribution introduction

What is the likelihood all four of the selected flights arrived within 15 minutes of the scheduled time?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Combining probabilities concept

When combining probabilities, to find the probability of one event AND another event, the separate probabilities should be:

  Normal approximation to determine probability

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

  Single mean z-test

At the 5% significance level, if the sample proportion is .45, and the standard error of the sample proportion is .035, the appropriate conclusion would be:

  Did baby seem to like the formula

A sample of 50 male and 50 female infants were put on an experimental infant formula. After two weeks the parents of each infant were asked to fill out a questionnaire concerning infant satisfaction on the formula. One of the questions was "Did Ba..

  Normal distribution problem

LSAT scores are normally distributed, with a mean of 150 and s = 10.

  True or false based on simple linear regression model

The simple coefficient of determination is the proportion of total variation explained by the regression line.

  Statistical interpretation on junk food

Support colour-coding on packaged food to indicate healthier options

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