Chapter 5: Q. 5.18 (page 213)
Suppose that X is a normal random variable with
mean 5. If P{X > 9} = .2, approximately what is Var(X)?
Short Answer
The required variance is.
Chapter 5: Q. 5.18 (page 213)
Suppose that X is a normal random variable with
mean 5. If P{X > 9} = .2, approximately what is Var(X)?
The required variance is.
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Get started for freeA filling station is supplied with gasoline once a week. If its weekly volume of sales in thousands of gallons is a random variable with probability density function
what must the capacity of the tank be so that the probability of the supply being exhausted in a given week is role="math" localid="1646634562935"
With being the probability that a normal random variable with mean and variance is less than , which of the following are true:
(a)
(b)
(c)
Show that.
Hint: Show that
A model for the movement of a stock supposes that if the present price of the stock is , then after one period, it will be either with probability or with probability . Assuming that successive movements are independent, approximate the probability that the stock’s price will be up at least percent after the next periods if
The life of a certain type of automobile tire is normally distributed with mean miles and standard deviation miles.
(a) What is the probability that such a tire lasts more than miles?
(b) What is the probability that it lasts between andmiles?
(c) Given that it has survived miles, what is the conditional probability that the tire survives another miles?
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