Tutors Answer Your Questions about Probability-and-statistics (FREE)
Question 638817: In many cases probability is associated with risk where we need to know the Expected Value to assess the fairness of the risk. Provide one example to show how you can use the Expected Value computation to assess the fairness of a situation (probability experiment). Provide the detailed steps and calculations.
Click here to see answer by lovelylady65(2) |
Question 641075: The board of directors of a small company consists of five people. Three of those are " strong leaders." if they buy idea, the entire board will agree. The other " weak" members have no influence. Three salesmen are scheduled, one after the other, to make sales presentations to a board member of the salesman's choice. the salesmen are convincing but do not know who the "strong leaders" are. However, they will know who the previous salesmen spoke to. the first salesman to find a strong leader will win the account. Do the three salesmen have the same chance of winning the account? if not, find their respective probabilities of winning.
Click here to see answer by BloodMagic(2) |
Question 641101: A coin that is balanced should come up heads half the time in the long run. The population for coin tossing contains the results of tossing the coin forever. The parameter p os the probability of a head, which is the proportion of all tosses that give a head. A coin is tossed 4040 times and gives 2085 heads. Is the coin biased? Use alpha =.05
Click here to see answer by reviewermath(534)  |
Question 641475: Over time, you have many conversations with a friend about your favorite actress, favorite musician, favorite book, favorite TV show, and so forth for 100 separate topics. On any given topic, there’s only a .02 probability that you agree. If you did agree on a topic, you would consider it to be coincidental.
a. If whether you agree on any two different topics are independent events, find the probability that you and your friend never have a coincidence on these 100 topics.
b. Find the probability that you have a coincidence on at least one topic.
Click here to see answer by stanbon(57395) |
Question 641493: Suppose we test the difference between two proportions at the 0.05 level of significance. If the computed z is -1.07, what is our decision?
A. Reject the null hypothesis.
B. Do not reject the null hypothesis.
C. Take a larger sample.
D. Reserve judgment.
Click here to see answer by stanbon(57395) |
Question 641875: Determine whether each of the distributions given below represents a probability distribution. Justify your answer.
(A)
x
1
2
3
4
P(x)
3/10
1/5
1/5
3/10
(B)
x
3
6
8
P(x)
0.2
3/5
3/10
(C)
x
20
30
40
50
P(x)
1/10
0.1
1/2
0.3
Click here to see answer by solver91311(16897)  |
Question 642021: lily has a bag of marbles with 8 red marbles 12 blue marbles and ten green marbles, if her friend patty takes one marble out of the bag at random which number choice is the probability that the marble is green
Click here to see answer by katbit(6) |
Question 642468: 1) a battery is found to have a mean life of 219 hours with a standard deviation of 70 hours. what is the probability that the battery will not last 100 hours??
2) students in the grade have an average height of 66 inches with a standard deviation of 3 inches. whats the probability that a student is less then 68 inches tall??
3) a bolt manufacturer makes bolts that have a mean diameter of of 1 cm with a standard deviation of 0.05. whats the probability that the diameter of the bolt will exceed 1.03 cm??
4) of popcorn kernels that pop successfully, the mean popping time for one batch is 4 min with a standard deviation of 1 min. what is the probability that a specific kernel will pop after 5 1/2 min
As you can see it is allot and its due tommorow morning so please help me solve these problems ASAP
Click here to see answer by stanbon(57395) |
Question 642865: Hi. I'm having trouble with a statistics question. I want to verify that the answer I got is correct.
Question: A pharmaceutical company is testing the effectiveness of a new drug for lowering cholesterol. As part of this trial, they wish to determine whether there is a difference between the effectiveness for women and for men. Using = .05, what is the value the test statistic?
Women Men
Sample size 50 /80
Mean effect 7 /6.95
Sample standard deviation 3 /4
Possible Answers:A. t = 3.252 B. z = 0.455 C. z = 0.081 D. z = 0.151
I got C as my answer. Is this correct?
Click here to see answer by stanbon(57395) |
Question 642849: OF THE STUDENTS AT A COMMUNITY COLLEGE,41%SMOKE CIGARATES.SIX STUDENTS ARE RANDOMLY SELECTED TO BE INTERVIEWD FOR THIER VIEWS ON SMOKING.THE -PROBABILITY THAT AT LEAST HALF OF THESE SIX STUDENTS SMOKE IS GIVEN BY?
Click here to see answer by stanbon(57395) |
Question 642864: Hi! I have a word problem here that asks three questions. I have managed to answer the 1st and 3rd questions, but I am having trouble with the 2nd and I would like some help. Also, if you could ensure my answers that I have are correct, I would appreciate it! Thank you!
The marketing manager of a large supermarket chain would like to use shelf space to predict the sales of pet food. For a random sample of 12 similar stores, she gathered the following information regarding the shelf space, in feet, devoted to pet food and the weekly sales in hundreds of dollars. Use these data to answer questions 1 through 3.
Store 1 2 3 4 5 6
Shelf Space 5 5 15 20 20 20
Weekly Sales 1.6 2.2 1.4 1.9 2.4 2.6
Store 7 8 9 10 11 12
Shelf Space 25 25 25 30 30 30
Weekly Sales 2.3 2.7 2.8 2.6 2.9 3.1
Question 1: Compute the value of the sample correlation coefficient between weekly sales and shelf space. Possible answers A. 0.6234 B. 0.827 C. 0.652 D. 0.741 I answered D
Question 2: Is the correlation between weekly sales and shelf space significant at the .01 level of significance? Possible answers: A. No, the sample correlation coefficient does not exceed the critical value. B. Yes, the p-value of the test for significance is not than .01. C. Yes, the value of the test statistic does exceed the critical value. D. Yes, the computed t-test statistic is less than the critical value.
Question 3: What is the estimated regression equation? A. = 1.45 + 0.044x B. = 1.45 + 0.724x C. = 1.45 - 0.074x D. = 2.63 - 0.174x I answered A.
Click here to see answer by stanbon(57395) |
Question 643270: "A researcher found that 85% of customers who make purchase at a department store are please with the store customer service. We asked 20 customers whether or not they are pleased with the store customer service. Is this a binomial experiement? Use the correct formula to find that the probability that, out of 20 customers, exactly 12 of them are pleased with the customer service."
Click here to see answer by stanbon(57395) |
Question 642970: A student has to sit for an examination consisting of 3 questions selected randomly from a list of 100 questions. To pass, he should answer all the three questions. What is the probability that the student will pass the examination, if he knows the answer to 90 questions on the list.
Click here to see answer by stanbon(57395) |
Question 643396: THE PROBABILITY THAT AN AMERICAN INDUSTRY WILL LOCATE IN MUNICH IS 0.7, THE PROBABILITY THAT IT WILL LOCATE IN BRUSSELS IS 0.4, AND THE PROBABILITY THAT IT WILL LOCATE IN EITHER MUNICH OR BRUSSELS OR BOTH IS 0.8. WHAT IS THE PROBABILITY THAT THE INDUSTRY WILL LOCATE
A. IN BOTH CITIES?
B. IN NEITHER CITY?
Click here to see answer by Theo(3464)  |
Question 643651: This question really has me stumped.
A banker knows from previous experience that 3% of loans will default. He makes 50 loans in a day. What is the probability that 5 of those 50 loans will default?
I tried viewing it as each loan either defaults or it doesn't so each loan is a .5% probability.
Which gave me 0.5 x 0.5 x 0.5 x 0.5 x 0.5 = 0.03125 but that seems to completely negate the need for the previous experience factor given.
Click here to see answer by solver91311(16897)  |
Question 643972: Bank robbers brandish firearms to threaten their victims in 80% of the incidents. An announcement that six bank robbers are taking place is being broadcast. What is the probability that a firearm is being used in atleast one of the robberies?
Click here to see answer by stanbon(57395) |
Question 643964: Here is another Id like help with
A new car salesperson knows that he sells the car to one customer out of 10 who enters the showroom. What is the probability that he will sell thhe car to exactly 2 of the next 3 customers
Click here to see answer by stanbon(57395) |
Question 643927: 1. a committee of 5 is to be selected from 10 seniors and 15 juniors. what is the probability that the committee is to consist of at most juniors?
2. a number of 2 different digits is to be formed from the digits 1, 2 ,3, 4, and 5. determine the probability of each of the following events:
a. the no. is odd
b. no is greater than 25
Click here to see answer by stanbon(57395) |
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Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630, 18631..18675, 18676..18720, 18721..18765, 18766..18810, 18811..18855, 18856..18900, 18901..18945, 18946..18990, 18991..19035, 19036..19080, 19081..19125, 19126..19170, 19171..19215, 19216..19260, 19261..19305, 19306..19350, 19351..19395, 19396..19440, 19441..19485, 19486..19530, 19531..19575, 19576..19620, 19621..19665, 19666..19710, 19711..19755, 19756..19800, 19801..19845, 19846..19890, 19891..19935, 19936..19980, 19981..20025, 20026..20070, 20071..20115, 20116..20160, 20161..20205, 20206..20250, 20251..20295, 20296..20340, 20341..20385, 20386..20430, 20431..20475, 20476..20520, 20521..20565, 20566..20610, 20611..20655, 20656..20700, 20701..20745, 20746..20790, 20791..20835, 20836..20880, 20881..20925, 20926..20970, 20971..21015, 21016..21060, 21061..21105, 21106..21150, 21151..21195, 21196..21240, 21241..21285
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