Chapter 4: Q62E (page 246)
Assume that X is a random variable having a Poisson probability distribution with a mean of 1.5. Use statistical software to find the following probabilities:
- role="math" localid="1664181123938"
Chapter 4: Q62E (page 246)
Assume that X is a random variable having a Poisson probability distribution with a mean of 1.5. Use statistical software to find the following probabilities:
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Get started for free178 Dutch elm disease. A nursery advertises that it has 10 elm treesfor sale. Unknown to the nursery, 3 of the trees have already been infected with Dutch elm disease and will die withina year.
a. If a buyer purchases 2 trees, what is the probability that bothtrees will be healthy?
b. Refer to part a. What is the probability that at least 1 of thetrees is infected?
Suppose is a normally distributed random variable with and . Find a value of the random variable, call it , such that
a)
b)
c)
d)
e) 10% of the values of role="math" localid="1652160513072" are less thanrole="math" localid="1652160519976"
f)1% of the values of are greater than
Executive networking and firm performance. Refer to the Journal of Accounting Public Policy (Vol. 34, 2015) study of the impact of executive networking on firm performance, Exercise 2.101 (p. 117). Recall that firm performance was measured as annual return on equity (ROE), recorded as a percentage. The mean ROE for the firms studied was 13.93%, and the standard deviation was 21.65%. Assume that these values represent m and s for the population ROE distribution and that this distribution is normal. What value of ROE will be exceeded by 80% of the firms?
Gender discrimination suit. The Journal of Business & Economic Statistics (July 2000) presented a case in which a charge of gender discrimination was filed against the U.S. Postal Service. At the time, there were 302 U.S. Postal Service employees (229 men and 73 women) who applied for promotion. Of the 72 employees who were awarded promotion, 5 were female. Make an inference about whether or not females at the U.S. Postal Service were promoted fairly.
When to replace a maintenance system. An article in the Journal of Quality of Maintenance Engineering (Vol. 19,2013) studied the problem of finding the optimal replacement policy for a maintenance system. Consider a system that is tested every 12 hours. The test will determine whether there are any flaws in the system. Assume that the probability of no flaw being detected is .85. If a flaw (failure) is detected, the system is repaired. Following the fifth failed test, the system is completely replaced. Now, let x represent the number of tests until the system needs to be replaced.
a. Give the probability distribution for x as a formula.
b. Find the probability that the system needs to be replaced after 8 total tests.
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