Get on the boat! A small ferry runs every half hour from one side of a large river to the other. The probability distribution for the random variable Y = money collected on a randomly selected ferry trip is shown here. From Exercise 7, μY=$19.35. Calculate and interpret the standard deviation of Y.

Short Answer

Expert verified

The standard deviation isσ=6.4286.

Step by step solution

01

Step 1. Given information.

The given information is:

02

Step 2. Find and interpret the standard deviation of Y. 

The given mean is 19.35.

The predicted value of the squared departure from the mean is known as the variance:

σ2=x-μ2Px=0-19.352×0.02+5-19.352×0.05+10-19.352×0.08+15-19.352×0.16+20-19.352×0.27+25-19.352×0.42=41.3275

The standard deviation is:

σ=41.32756.4286

The amount of money collected on a randomly selected boat journey differs by $6.4286 from the mean amount collected ($19.35) on average.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Ms. Hall gave her class a 10-question multiple-choice quiz.

Let X=the number of questions that a randomly selected student in the class answered correctly. The computer output gives information about the probability distribution of X. To determine each student’s grade on the quiz (out of 100), Ms. Hall will multiply his or her number of correct answers by 5and then add 50.Let G=the grade of a randomly chosen student in the class.

Easy quiz

a. Find the median of G.

b. Find the interquartile range (IQR) of G.

Get on the boat! Refer to Exercise 3. Make a histogram of the probability distribution. Describe its shape.

Taking the train According to New Jersey Transit, the 8:00A.M. weekday train from Princeton to New York City has a 90%chance of arriving on time on a randomly selected day. Suppose this claim is true. Choose 6 days at random. Let localid="1654594369074" Y=the number of days on which the train arrives on time.

Airport security The Transportation Security Administration (TSA) is responsible for airport safety. On some flights, TSA officers randomly select passengers for an extra security check before boarding. One such flight had 76 passengers- 12 in first class and 64 in coach class. Some passengers were surprised when none of the 10 passengers chosen for screening were seated in first class. Should we use a binomial distribution to approximate this probability? Justify your answer.

Swim team Hanover High School has the best women's swimming team in the region. The 400meter freestyle relay team is undefeated this year. In the 400-meter freestyle relay, each swimmer swims 100meters. The times, in seconds, for the four swimmers this season are approximately Normally distributed with means and standard deviations as shown. Assuming that the swimmer's individual times are independent, find the probability that the total team time in the 400meter freestyle relay is less than 220seconds.follow the four step process.

SwimmerMeanStd.dev
Wendy55.22.8
Jill58.03.0
Carmen56.32.6
Latrice54.72.7
See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free