Determine the mean and standard deviation, Basic Statistics

Assignment Help:

1.)  Two dice are rolled and the sum is calculated.  Let X represent the sum of the two dice. Construct a probability distribution expressing probabilities in fractional form.

2.)  Find the mean and standard deviation to 2 decimal places for problem #1.

3.)  On the basis of past experience an insurance salesperson knows that the number of long-term health care insurance policies sold per week by the company is a random variable x with the following probability distribution.

            X                     p(x)

            0                      0.245

            1                      0.143

            2                      0.125

            3                      0.096

            4                      0.078

            5                      0.064

            6                      0.039

            7                      0.029

            8                      0.181

Suppose that a week is randomly selected. Find

a.)  p(x=3)       b.) p(x > 4)         c.) p(x < 8) d.) p(1 < x < 6)

4.)  A question on a proficiency test is multiple choices with five possible answers, one of which is correct.  Assuming that all responses are random guesses, find the probability that among 18 test subjects,

a.) exactly 5 answer the question correctly.

b.)  at most 6 answer the question correctly.

c.)  at least 8 answer the question correctly.

5.)  Referring back to question 4, find the mean to the nearest hundredth and the standard deviation to four decimal places.


Related Discussions:- Determine the mean and standard deviation

Difference between estimated proportions of business owners, Question 1. In...

Question 1. In 2009, Research New Zealand conducted a survey on small businesses in New Zealand. Small businesses were defined as enterprises with 19 or fewer employees. 501 small

S, What is samplings and its methods

What is samplings and its methods

Compute the proportion, In 2009, the average number of runs scored in the N...

In 2009, the average number of runs scored in the National League was approximately 4.5 per team. Therefore, a team has done an adequate job with its offense if it scores at least

What is managerial accounting system, Define the Management or Managerial A...

Define the Management or Managerial Accounting System. Ans.  As the name suggest management or managerial accounting system refers to the Management of the firm or company,

Probability, what is an exclusive probability

what is an exclusive probability

Balance sheet, how to write and assignment on the balance sheet?

how to write and assignment on the balance sheet?

Track Software, Seven years ago, after 15 years in public accounting, Stanl...

Seven years ago, after 15 years in public accounting, Stanley Booker, CPA, resigned his posiition as Manager of Cost Systems for Davis, Cohen, and O''''Brien Public Accountants and

Minitab run a multiple linear regression, Have Minitab run a multiple linea...

Have Minitab run a multiple linear regression to predict the margin of victory using the four predictors (home team record, away team record, stat1diff, stat2diff). Store the resi

Cost behavior/classificationq, Shipping costs on Merchandise sold--it is a ...

Shipping costs on Merchandise sold--it is a variable cost, but is it a selling/adminstrative cost or product cost? Is it direct or indirect?

Write Your Message!

Captcha
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