Statistics for Business and Economics
8th Edition
ISBN: 9780132745659
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 4.5, Problem 50E
To determine
The probability for exactly four successes.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
A store sells from 0 to 12 computers per day. Is the amount of daily computer sales a discrete or continuous random variable?
Userif X represents a random variable coming from a normal distribution with mean 5 and it P(X > 6,5) = 0.35 then P(5 < x < 6.5) = 0.15
Let z be the standard normal random variable.
1
Find
P(z > 1.45)
a
0.0452
b
0.0531
c
0.0625
d
0.0735
Chapter 4 Solutions
Statistics for Business and Economics
Ch. 4.1 - Prob. 1ECh. 4.1 - Prob. 2ECh. 4.1 - Prob. 3ECh. 4.1 - Prob. 4ECh. 4.1 - Prob. 5ECh. 4.1 - Prob. 6ECh. 4.1 - Prob. 7ECh. 4.1 - Prob. 8ECh. 4.2 - Prob. 9ECh. 4.2 - Prob. 10E
Ch. 4.2 - Show the probability distribution function of the...Ch. 4.2 - Prob. 12ECh. 4.2 - Prob. 13ECh. 4.2 - Prob. 14ECh. 4.3 - Prob. 15ECh. 4.3 - Prob. 16ECh. 4.3 - Prob. 17ECh. 4.3 - Prob. 18ECh. 4.3 - Prob. 19ECh. 4.3 - Prob. 20ECh. 4.3 - Prob. 21ECh. 4.3 - Prob. 22ECh. 4.3 - Prob. 23ECh. 4.3 - Prob. 24ECh. 4.3 - Prob. 25ECh. 4.3 - Prob. 26ECh. 4.3 - A store owner stocks an out-of-town newspaper that...Ch. 4.3 - Prob. 28ECh. 4.3 - Prob. 29ECh. 4.4 - Prob. 30ECh. 4.4 - Prob. 31ECh. 4.4 - Prob. 32ECh. 4.4 - Prob. 33ECh. 4.4 - Prob. 34ECh. 4.4 - Prob. 35ECh. 4.4 - Prob. 36ECh. 4.4 - Prob. 37ECh. 4.4 - Prob. 38ECh. 4.4 - Prob. 39ECh. 4.4 - Prob. 40ECh. 4.4 - Prob. 41ECh. 4.4 - Prob. 42ECh. 4.4 - Prob. 43ECh. 4.4 - Prob. 44ECh. 4.4 - Prob. 45ECh. 4.4 - Prob. 46ECh. 4.4 - Prob. 47ECh. 4.4 - Prob. 48ECh. 4.4 - A company receives large shipments of parts from...Ch. 4.5 - Prob. 50ECh. 4.5 - Prob. 51ECh. 4.5 - Prob. 52ECh. 4.5 - Prob. 53ECh. 4.5 - Prob. 54ECh. 4.5 - Prob. 55ECh. 4.5 - Prob. 56ECh. 4.5 - Prob. 57ECh. 4.5 - Prob. 58ECh. 4.5 - Prob. 59ECh. 4.5 - Prob. 60ECh. 4.5 - Prob. 61ECh. 4.5 - Prob. 62ECh. 4.6 - Compute the probability of 7 successes in a random...Ch. 4.6 - Compute the probability of 9 successes in a random...Ch. 4.6 - Compute the probability of 3 successes in a random...Ch. 4.6 - Compute the probability of 8 successes in a random...Ch. 4.6 - Prob. 67ECh. 4.6 - Prob. 68ECh. 4.6 - Prob. 69ECh. 4.6 - Prob. 70ECh. 4.7 - Prob. 71ECh. 4.7 - Prob. 72ECh. 4.7 - Prob. 73ECh. 4.7 - Prob. 74ECh. 4.7 - Prob. 75ECh. 4.7 - Prob. 76ECh. 4.7 - Prob. 77ECh. 4.7 - Prob. 78ECh. 4.7 - Prob. 79ECh. 4.7 - Prob. 80ECh. 4.7 - Prob. 81ECh. 4.7 - Prob. 82ECh. 4.7 - Prob. 83ECh. 4.7 - Prob. 84ECh. 4 - Prob. 85ECh. 4 - Prob. 86ECh. 4 - Prob. 87ECh. 4 - Prob. 88ECh. 4 - Prob. 89ECh. 4 - Prob. 90ECh. 4 - Prob. 91ECh. 4 - Prob. 92ECh. 4 - Prob. 93ECh. 4 - Prob. 94ECh. 4 - Prob. 95ECh. 4 - Prob. 96ECh. 4 - Prob. 97ECh. 4 - Prob. 98ECh. 4 - Prob. 99ECh. 4 - Prob. 100ECh. 4 - Consider a country that imports steel and exports...Ch. 4 - Prob. 102ECh. 4 - Prob. 103ECh. 4 - Prob. 104ECh. 4 - Prob. 105ECh. 4 - Prob. 106E
Knowledge Booster
Similar questions
- a) Grace Floral Shop sells several types of roses for all occasions. It is known that 43% of the roses that is sold by Grace Floral Shop are Eden Roses. 12 roses are ordered to put in a bouquet (i) Define the random variable for this situation and list its values (ii) Stating its parameter(s), what is the probability distribution of this variable? (iii)State the conditions that influence your choice of distribution. (iv)Calculate the probability that at most 2 of the roses were Eden Roses. b) The number of telephone calls coming into Grace Floral Shop to place orders averages 3 per minute. (i) Define the random variable in this situation and list its values. (ii) Stating its parameter(s), what is the probability distribution of this variable? (iii)Compute the probability that 5 calls will arrive per minute. (iv)Compute the probability that 3 or more calls will arrive in a 3-minute interval?arrow_forwardSuppose we are interested in the relationship between an individual's brown hair and skin color. Based on a random sample of LIU students, we have the following joint probability distribution given by: X-degree of brown hair color 3 Y= degree of skin color 0.12 0.05 0.12 0.01 0.09 0.03 2 0.12 0.07 3 0.16 0.07 0.16 The probability that an individual with degree of brown hair color 1 has degree of skin color 2 is: None of these 0.3 O 0.167 O 0.263arrow_forwardA proprietor of a food-stall has invented a new item of food delicacy which he calls WHIM. He has calculated that the cost of manufacture is Re. 1 per piece and that because of its novelty and quality it would be sold for Rs. 3 per piece. It is, however, perishable, and any goods unsold at the end of the day are a dead loss. He expects the demand to be variable and has drawn up the following probability distribution. 14 No. of pieces demanded : Probability (i) Find the value of k. 10 11 12 13 15 k + 0:02 k + 0.05 5k -0.02 7k + 0:03 2k + 0-02 2k (ii) Find an expression for his net profit or loss if he manufactures m pieces and only n are demanded; consider separately the two cases n m. (ii) Assume that he manufactures 12 pieces. using the result in (i) ab ove, find his net profit or loss for ea ch level of demand. (v) Also obtain the net profits for di fferent levels of demand and produ ction, each ranging from 10 to 15. (iv) Using the probability distributio n, calculate his expected…arrow_forward
- The number of orders for installation of a computer information system arriving at an agency per week is a random variable x with the probability distribution . 3 0.10 3, 4, 5, 6, 7, 8, 9 4 0.20 The cumulative probability distribution is 0.1, 0.3, 0.6, 0.8, 0.9, 0.95, 1.0 0.1, 0.2, 0.3, 0.2, 0.1, 0.05, 0.05 0.3, 0.8, 1.5, 1.2, 0.7, 0.4, 0.45 3, 7, 12, 18, 25, 33, 42 5 0.30 6 0.20 7 0.10 8 0.05 9- 0.05arrow_forwardThe joint probability distribution of two random variables, Xand Y, is given in the table below. Y=-4 Y--3 Y--1 Y-2 X--4 0.06 0.12 0.17 0.18 X--1 0.00 0.03 0.00 0.21 X-0 0.02 0.01 0.20 0.00 From the information in the table, calculate each of the following probabilities. Round your answers to two decimal places. (If necessary, consult a list of formulas.) (a) Given that Y=-3, compute the probability that X=0. Given that X2 -1, compute the probability that (b) Y2-3.arrow_forwardhe local police department must write, on average, 5 tickets a day to keep department revenues at budgeted levels. Suppose the number of tickets written per day follows a Poisson distribution with a mean of 6.4 tickets per day. Find the probability that exactly 6 tickets are written on a randomly selected day from this populationarrow_forward
- The daily consumption of milk in a city, in excess of 20,000 litres, is approximately distributed as a Gamma variate with parameters a = and A = 2. The 10,000 city has a daily stock of 30,000 litres. What is the probability that the stock is insufficient on a particular day ?arrow_forwardGiven that Z is distributed as a standard normal random variable, what is Pr(Z > -0.04)? Round your answer to three decimal places, e.g. 0.251.arrow_forwardUsing the properties of variance, what is the variance of Y=4X−5 where Var(X)=1?arrow_forward
- Assume that the random variable x is normally distributed with mean u = 70 and standard deviation o = 10. Find P(90 < x < 91) 0.9500 0.9951 0.0049 0.4500arrow_forwardA factory production process produces a small number of defective parts in its daily production. Is the number of defective parts a discrete or continuous random variable?arrow_forwardA random variable X has a continuous uniform distribution from 13 to 26 inclusive. What is P(X 2 22)? 0.3571 0.3077 0.2308 0.4170arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education