Question 1

Find the probability distribution of X; the number of oil wells that will be successful.

Accepted Answer

The answer of Find the probability distribution of X; the...

Question 2

What is the probability that the demand of this product will be below its mean in the upcoming quarter?

Accepted Answer

P(D < 2720)= 0.28 + 0.26 = 0.54

Question 3

What is the probability that no more than two customers are waiting in both lines combined?

Accepted Answer

=

Question 4

Find the marginal distribution of X.What does this distribution tell you?

Accepted Answer

The marginal distribution of X

Question 5

What is the probability that the price of this product will be above its mean in the upcoming quarter?

Accepted Answer

P(P > 26.9

Question 6

If A and B are independent events with P(A)= 0.40 and P(B)= 0.50,then P(A/B)is 0.50.

Accepted Answer

A) True 
 B)False

Question 7

Are   and    independent random variables? Explain why or why not.

Accepted Answer

No.The @#IMG-DLM& ,this means that given that @#IMG-DLM& has

Question 8

What is the probability that this project will not be completed on time?

Accepted Answer

The answer of What is the probability that this project...

Question 9

The multiplication rule for two events A and B is: P(A and B)= P(A|B)P(A).

Accepted Answer

A) True 
 B)False

Question 10

How many of the wells can the company expect to be successful?

Accepted Answer

The answer of How many of the wells can the...

Question 11

If A and B are any two events with P(A)= .8 and P(B|A)= .4,then the joint probability of A and B is

Accepted Answer

A) .80 
B) .40 
C) .32 
D) 1.20 
A) .80 
B) .40 
C) .32 
D) 1.20

Question 12

If P(A and B)= 0,then A and B must be collectively exhaustive.

Accepted Answer

A) True 
 B)False

Question 13

What is the probability that a respondent chosen at random is a male and enjoys shopping for clothing?

Accepted Answer

P(male and enjoys sh

Question 14

Suppose A and B are mutually exclusive events where P(A)= 0.2 and P(B)= 0.5,then P(A or B)= 0.70.

Accepted Answer

A) True 
 B)False

Question 15

What is the probability of observing the sale of no more than two brand 2 bats on a given day at this sporting goods store?

Accepted Answer

This is P( @#IMG-DLM& £ 2)or P

Question 16

The law of large numbers is relevant to the estimation of

Accepted Answer

A) objective probabilities 
B) subjective probabilities 
C) both of these options 
D) neither of these options 
A) objective probabilities 
B) subjective probabilities 
C) both of these options 
D) neither of these options

Question 17

Set up a 2   2 contingency table for this situation.

Accepted Answer

The answer of Set up a 2   2...

Question 18

If A and B are two independent events with P(A)= 0.20 and P(B)= 0.60,then P(A and B)= 0.80

Accepted Answer

A) True 
 B)False

Question 19

What is the probability that the demand of this product will be less than 3500 units in the upcoming quarter,given that its price will be greater than $20?

Accepted Answer

P(D < 3500|P > 20)= (.05 + .06

Question 20

What is the probability that a respondent chosen at random is a male and does not enjoy shopping for clothing?

Accepted Answer

P(male and does not

Find the probability distribution of X; the number of oil wells that will be successful.

What is the probability that the demand of this product will be below its mean in the upcoming quarter?

What is the probability that no more than two customers are waiting in both lines combined?

Find the marginal distribution of X.What does this distribution tell you?

What is the probability that the price of this product will be above its mean in the upcoming quarter?

If A and B are independent events with P(A)= 0.40 and P(B)= 0.50,then P(A/B)is 0.50.

Are and independent random variables? Explain why or why not.

What is the probability that this project will not be completed on time?

The multiplication rule for two events A and B is: P(A and B)= P(A|B)P(A).

How many of the wells can the company expect to be successful?

If A and B are any two events with P(A)= .8 and P(B|A)= .4,then the joint probability of A and B is

If P(A and B)= 0,then A and B must be collectively exhaustive.

What is the probability that a respondent chosen at random is a male and enjoys shopping for clothing?

Suppose A and B are mutually exclusive events where P(A)= 0.2 and P(B)= 0.5,then P(A or B)= 0.70.

What is the probability of observing the sale of no more than two brand 2 bats on a given day at this sporting goods store?

The law of large numbers is relevant to the estimation of

Set up a 2 2 contingency table for this situation.

If A and B are two independent events with P(A)= 0.20 and P(B)= 0.60,then P(A and B)= 0.80

What is the probability that the demand of this product will be less than 3500 units in the upcoming quarter,given that its price will be greater than $20?

What is the probability that a respondent chosen at random is a male and does not enjoy shopping for clothing?

Introduction to Data Analysis and Decision Making

Describing the Distribution of a Single Variable

Finding Relationships Among Variables

Normal, binomial, poisson, and Exponential Distributions

Decision Making Under Uncertainty

Sampling and Sampling Distributions

Confidence Interval Estimation

Hypothesis Testing

Regression Analysis: Estimating Relationships

Regression Analysis: Statistical Inference

Time Series Analysis and Forecasting

Introduction to Optimization Modeling

Optimization Modeling: Applications

Introduction to Simulation Modeling

Simulation Models

Filters

Exam 4: Probability and Probability Distributions

Find the probability distribution of X; the number of oil wells that will be successful.

What is the probability that the demand of this product will be below its mean in the upcoming quarter?

What is the probability that no more than two customers are waiting in both lines combined?

Find the marginal distribution of X.What does this distribution tell you?

What is the probability that the price of this product will be above its mean in the upcoming quarter?

If A and B are independent events with P(A)= 0.40 and P(B)= 0.50,then P(A/B)is 0.50.

Are and independent random variables? Explain why or why not.

What is the probability that this project will not be completed on time?

The multiplication rule for two events A and B is: P(A and B)= P(A|B)P(A).

How many of the wells can the company expect to be successful?

If A and B are any two events with P(A)= .8 and P(B|A)= .4,then the joint probability of A and B is

If P(A and B)= 0,then A and B must be collectively exhaustive.

What is the probability that a respondent chosen at random is a male and enjoys shopping for clothing?

Suppose A and B are mutually exclusive events where P(A)= 0.2 and P(B)= 0.5,then P(A or B)= 0.70.

What is the probability of observing the sale of no more than two brand 2 bats on a given day at this sporting goods store?

The law of large numbers is relevant to the estimation of

Set up a 2 2 contingency table for this situation.

If A and B are two independent events with P(A)= 0.20 and P(B)= 0.60,then P(A and B)= 0.80

What is the probability that the demand of this product will be less than 3500 units in the upcoming quarter,given that its price will be greater than $20?

What is the probability that a respondent chosen at random is a male and does not enjoy shopping for clothing?

Introduction to Data Analysis and Decision Making

Describing the Distribution of a Single Variable

Finding Relationships Among Variables

Normal, binomial, poisson, and Exponential Distributions

Decision Making Under Uncertainty

Sampling and Sampling Distributions

Confidence Interval Estimation

Hypothesis Testing

Regression Analysis: Estimating Relationships

Regression Analysis: Statistical Inference

Time Series Analysis and Forecasting

Introduction to Optimization Modeling

Optimization Modeling: Applications

Introduction to Simulation Modeling

Simulation Models

Filters