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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 17
A discrete variable X can take on integer values of 1 to 5. A sample of size 100 results in the following probability estimates. 
a) Use the following random numbers to estimate the probabilities for each value of X.
b) Determine the sample probabilities for X = 1 and X = 5. Compare the sample results with the probabilities in the problem statement.
RN: 10, 42, 18, 31, 23, 80, 80, 26, 74, 71, 03, 90, 55, 61, 61, 28, 41, 49, 00, 79, 96, 78, 42, 31, 26
a) Use the following random numbers to estimate the probabilities for each value of X.
b) Determine the sample probabilities for X = 1 and X = 5. Compare the sample results with the probabilities in the problem statement.
RN: 10, 42, 18, 31, 23, 80, 80, 26, 74, 71, 03, 90, 55, 61, 61, 28, 41, 49, 00, 79, 96, 78, 42, 31, 26
Explanation
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Discrete variables are those variables w...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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