Chapter 4: Q136E (page 276)
4.135 Suppose xhas an exponential distribution with . Find
the following probabilities:
Short Answer
a. The probability is 0.7981
b. The probability is 0.1353
c. The probability is 0.5507
d. The probability is 0.3012
Chapter 4: Q136E (page 276)
4.135 Suppose xhas an exponential distribution with . Find
the following probabilities:
a. The probability is 0.7981
b. The probability is 0.1353
c. The probability is 0.5507
d. The probability is 0.3012
All the tools & learning materials you need for study success - in one app.
Get started for freeRanking PhD programs in economics. Refer to the SouthernEconomic Journal(April 2008) rankings of PhD programsin economics at 129 colleges and universities, Exercise 2.103(p. 117). Recall that the number of publications published byfaculty teaching in the PhD program and the quality of thepublications were used to calculate an overall productivityscore for each program. The mean and standard deviationof these 129 productivity scores were then used to computea z-score for each economics program. The data (z-scores)for all 129 economic programs are saved in the accompanying
file. A Minitab normal probability plot for the z-scores isshown below. Use the graph to assess whether the data areapproximately normal.
Suppose x is a binomial random variable with p = .4 and n = 25.
a. Would it be appropriate to approximate the probability distribution of x with a normal distribution? Explain.
b. Assuming that a normal distribution provides an adequate approximation to the distribution of x, what are the mean and variance of the approximating normal distribution?
c. Use Table I in Appendix D to find the exact value of .
d. Use the normal approximation to find .
Stock market. Give an example of a continuous random variable that would be of interest to a stockbroker.
Assume that xhas an exponential distribution with.
Find
a.
b.
c.
d.
e.
4.127 Rankings of research universities. Refer to the CollegeChoice2015 Rankings of National Research Universities,Exercise 2.110 (p. 125). Data on academic reputation scores for the top 50 research universities (saved in the file) are listed in the accompanying table. Would you recommend using the normal distribution to approximate the distribution of academic reputation scores?
99 92 94 95 97 91 91 92 92 89 84 85 100 87 83
83 89 79 94 79 79 87 76 67 76 76 76 70 74 64
74 69 66 72 65 76 64 65 61 69 62 69 52 64 64
47 60 57 63 62
What do you think about this solution?
We value your feedback to improve our textbook solutions.