A statistician selected a sample of 16 accounts receivable and determined the mean of the sample to be $5,000 with a standard deviation of $400. He reported that the sample information indicated the mean of the population ranges from $4,739.80 to $5,260.20. He neglected to report what confidence level he had used. Based on the above information, determine the confidence level that was used. Assume the population has a normal distribution.

Answers

Answer 1

Answer:

The confidence level that was used is 0.25% .

Step-by-step explanation:

We are given that mean of the selected sample of 16 accounts is $5,000 and a standard deviation of $400.

It has also been reported that the sample information indicated the mean of the population ranges from $4,739.80 to $5,260.20. This represents the Confidence Interval for population mean.

But we have to find that at what confidence level this information about range of population men has been stated.

Since we know that Confidence Interval for population mean is given by :

   C.I. for population mean = Sample mean(xbar) [tex]\pm[/tex] z value * [tex]\frac{Standard deviation}{\sqrt{n} }[/tex]

i.e.,if we have 95% C.I. = xbar [tex]\pm[/tex] 1.96 * [tex]\frac{\sigma}{\sqrt{n} }[/tex] .

So, our Confidence Interval for population is written as :

 [$4,739.80 , $5,260.20] = $5000 [tex]\pm[/tex] z value * [tex]\frac{400}{\sqrt{16} }[/tex]

 $5000 - z value * 100 = $4739.80    { Solving these we get Z value = 2.602}

 $5000 + z value * 100 = $5260.20

In z table we find that at value of 2.60 the probability is 0.99534 so subtracting this from 1 we get confidence level for one tail i.e.0.5%(approx).

Therefore, for two tail Confidence level will be 0.5%/2 = 0.25% .

Answer 2

Using the t-distribution, it is found that a confidence level of 98% was used.

We are given the standard deviation for the sample, which is why the t-distribution is used to solve this question.

The information given is:

Sample mean of [tex]\overline{x} = 5000[/tex]. Sample standard deviation of [tex]s = 400[/tex]. Sample size of [tex]n = 16[/tex].

The margin of error is of:

[tex]M = t\frac{s}{\sqrt{n}}[/tex]

In which t is the critical value.

For this problem, the margin of error is:

[tex]M = \frac{5260.2 - 4739.8}{2} = 260.2[/tex]

Hence, the critical value is found solving the equation of the margin of error for t.

[tex]M = t\frac{s}{\sqrt{n}}[/tex]

[tex]260.2 = t\frac{400}{\sqrt{16}}[/tex]

[tex]100t = 260.2[/tex]

[tex]t = \frac{260.2}{100}[/tex]

[tex]t = 2.602[/tex]

Looking at the t-table, with 16 - 1 = 15 df, t = 2.602 is associated with a confidence level of 98%.

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Related Questions

The standard deviation of pulse rates of adult males is more than 11 bpm. For the random sample of 153 adult males the pulse rate have a standard deviation of 11 .3 bpm. Find the value of the test statistic.

Answers

Answer: 160.4040

Step-by-step explanation:

Here , the claim is "The standard deviation of pulse rates of adult males is more than 11 bpm." , i.e. [tex]\sigma>11[/tex]

We use Chi-square test statistic for the test statistic to test the standard deviations :

[tex]\chi^2=\dfrac{(n-1)s^2}{\sigma^2}[/tex] , where s= sample standard deviation , [tex]\sigma[/tex] = population standard deviations and n = sample size.

As per given , n=153 , s= 11.3

Then, Required test statistic will be :

[tex]\chi^2=\dfrac{(153-1)(11.3)^2}{11^2}=\dfrac{152\times127.69}{121}\approx160.4040[/tex]

Hence, the value of the test statistic. =  160.4040

Suppose you invest $2,500 in a fund earning 10% simple interest annually. After two years you have the option of moving your money to an account that pays compound interest at an annual effective rate of 7%. Should you move your money to the compound interest account (a) if you wish to liquidate in five more years?(b) if you are confident your money will stay on deposit for a total of ten years?

Answers

Answer:

account after 2 years of simple interest at 10%: (2,500 * 0.10 * 2) + 2500 = 3,000  

Note that simple interest only pays interest on the original balance, NOT on the accrued (paid) interest....

a) 5 more years at 10% simple: (2500 * 0.10 * 5) + 3,000 = $4,250

or

5 years compound interest on $3k: 3,000(1.07^5) = $4,207.66

b) TOTAL of 10 years

simple interest: (2500 * 0.10 * 10) + 2500 = 5,000

compound interest: only 8 years remain of the total 10 year time horizon

3000(1.07^8) = $5,154.56

Step-by-step explanation:

Final answer:

After the initial 2 years with simple interest, moving the money to the account with compound interest yields a higher amount whether you liquidate in the next 5 years or keep it for a total of 10 more years.

Explanation:

First, let's calculate the amount you will have after 2 years with a simple interest of 10%. Using the formula for simple interest, I = PRT, where P is the principal amount ($2,500), R is the rate of interest (10% as a decimal, 0.10), and T is the time in years (2): I = $2,500 * 0.10 * 2 = $500. Therefore, your total amount after 2 years would be $2,500 + $500 = $3,000.

To decide whether you should move your money, we need to calculate the final amount after the next 5 years and 10 years using compound interest formula, A = P(1 + r/n)^(nt), where P is the principal amount ($3,000), r is the annual interest rate (7% as a decimal, 0.07), n is the number of times interest applied per time period (1, for annual compounding), and t is the time the money is invested for.

(a) For 5 more years: A = $3,000 * (1 + 0.07/1)^(1*5) = $4,209.24.
(b) For a total of 10 more years: A = $3,000 * (1 + 0.07/1)^(1*10) = $5,922.58.

Therefore, If you intend to liquidate in five more years or you're confident your money will stay on deposit for a total of ten more years after the initial 2 years of simple interest, moving the money to the compound interest account is a good move as it results in a higher amount in both scenarios.

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Delta Airlines quotes a flight time of 2 hours, 5 minutes for its flights from Cincinnati toTampa. Suppose we believe that actual flight times are uniformly distributed between 2 hours and 2 hours, 20 minutes.
a. Show the graph of the probability density function for flight time.b. What is the probability that the flight will be no more than 5 minutes late?c. What is the probability that the flight will be more than 10 minutes late?d. What is the expected flight time?

Answers

Answer:

a) Figure attached

b) [tex] P(X<130 min)= F(130) = \frac{130-120}{20}=0.5[/tex]

c) [tex] P(X>135) =1-P(X<135) = 1- F(135) = 1- \frac{135-120}{20}= 0.25[/tex]

d) [tex] E(X) =\frac{a+b}{2}= \frac{120+140}{2}= 130min[/tex]

Step-by-step explanation:

2 hr = 120 min

2hr 20 min = 120+20 = 140 min

Let X the random variable that represent "flight time". And we know that the distribution of X is given by:

[tex]X\sim Uniform(120 ,140)[/tex]

For this case the density function for A is given by:

[tex] f(X) = \frac{1}{b-a}= \frac{1}{20} , 120\leq X \leq 140 [/tex]

And [tex] f(X)= 0[/tex] for other case

Part a

For this case we can see the figure attached. We see that the probability density function is defined between 120 and 140 minutes.

Part b

The arrival time is 2hr 5 min = 125 min. So then 5 minutes leate means 130 min

For this case we want to find this probability:

[tex] P(X<130 min)[/tex]

And we can use the cumulative distribution function for X given by:

[tex] F(X) = \frac{x-120}{140-120} = \frac{x-120}{20} , 120\leq X \leq 140 [/tex]

And if we use this formula we got:

[tex] P(X<130 min)= F(130) = \frac{130-120}{20}=0.5[/tex]

Part c

For this case more than 10 minutes late means 125 +10 = 135 min or more, so we want this probability:

[tex] P(X>135)[/tex]

And using the complement rule we have:

[tex] P(X>135) =1-P(X<135) = 1- F(135) = 1- \frac{135-120}{20}= 0.25[/tex]

Part d

The expected value for the uniform distribution is given by:

[tex] E(X) =\frac{a+b}{2}= \frac{120+140}{2}= 130min[/tex]

In the 2012 National Football League (NFL) season, the first three weeks’ games were played with replacement referees because of a labor dispute between the NFL and its regular referees. Many fans and players were concerned with the quality of the replacement referees’ performance. We could examine whether data might reveal any differences between the three weeks’ games played with replacement referees and the next three weeks’ games that were played with regular referees. For example, did games generally take less or more time to play with replacement referees than with regular referees? The pair of dotplots below display data about the duration of games (in minutes), separated by the type of referees officiating the game.​

Answers

Answer: for replacement total games = 47   more than 3.5 hours   = 8 required proportion = 8/47 = 0.170212 for regular.

Step-by-step explanation:

1. What proportion of the 47 games officiated by replacement referees lasted for at least 3.5 hours (210 minutes)? What proportion of the 42 games officiated by regular referees lasted for this long?  

2. What proportion of the 47 games officiated by replacement referees lasted for less than 3 hours (180 minutes)? What proportion of the 42 games officiated by regular referees lasted for this long?  

3. Would you say that either type of referee tended to have longer games than the other on average, and if so, which type of referee tended to have longer games and by about how much on average?

i. Regular Referees have longer game times with games about 185 minutes on average.

ii. The game lengths for both referees seem to be the same.

iii. Replacement Referees have longer game times with games about 195 minutes on average.

iv. It is too hard to tell from the graph which type of referee has longer games.

4.  Would you say that either type of referee tended to have more variability in game durations? If so, which type of referee tended to have more variability?

i. The two types of referees had the same amount of variability in the game lengths.

ii. There is no way to tell which group of referees had more variability in the game lengths.

iii. The regular referees tended to have more variability in the game lengths.

iv. The replacement referees tended to have more variability in the game lengths.

For replacement total games = 47   more than 3.5 hours   = 8 required proportion = 8/47 = 0.170212 for regular.

A manufacturing company has 5 identical machines that procuce nails. The probability that a machine will break down on any given day is 0.1. Define a random variable x to be the number of machines that will break down in a day.

a. What is the appropriate probability distribution for x? Explain how x satisfies the properties of the distribution.
b. Compute the probability that 4 machines will break down.
c. Compute the probability that at least 4 machines will break down.
d. What is expected number of machines that will break down in a day?
e. What is the variance of the number of machines that will break down in a day?

Answers

Answer:

a) Binomial probability distribution. Only two outcomes possible for each machine, with independent probabilities.

b) [tex]P(X = 4) = 0.00045[/tex]

c) [tex]P(X \geq 4) = 0.00046[/tex]

d) [tex]E(X) = 0.5[/tex]

e) [tex]V(X) = 0.45[/tex]

Step-by-step explanation:

For each machine, there is only two possibilities. On a given day, either they will break down, or they will not. The probabilities for each machine breaking down are independent. So we use the binomial probability distribution to solve this problem.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

In which [tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

And p is the probability of X happening.

The expected value of the binomial distribution is:

[tex]E(X) = np[/tex]

The variance of the binomial distribution is:

[tex]V(X) = np(1-p)[/tex]

In this problem we have that:

[tex]n = 5, p = 0.1[/tex]

a. What is the appropriate probability distribution for x? Explain how x satisfies the properties of the distribution.

Binomial probability distribution. Only two outcomes possible for each machine, with independent probabilities.

b. Compute the probability that 4 machines will break down.

This is [tex]P(X = 4)[/tex].

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 4) = C_{5,4}.(0.1)^{4}.(0.9)^{1} = 0.00045[/tex]

c. Compute the probability that at least 4 machines will break down.

This is

[tex]P(X \geq 4) = P(X = 4) + P(X = 5)[/tex]

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 4) = C_{5,4}.(0.1)^{4}.(0.9)^{1} = 0.00045[/tex]

[tex]P(X = 5) = C_{5,5}.(0.1)^{5}.(0.9)^{0} = 0.00001[/tex]

[tex]P(X \geq 4) = P(X = 4) + P(X = 5) = 0.00045 + 0.00001 = 0.00046[/tex]

d. What is expected number of machines that will break down in a day?

[tex]E(X) = np = 5*0.1 = 0.5[/tex]

e. What is the variance of the number of machines that will break down in a day?

[tex]V(X) = np(1-p) = 5*0.1*0.9 = 0.45[/tex]

Final answer:

The random variable x follows a binomial distribution with n=5 and p=0.1. The probability of exactly 4 machines breaking down is approximately 0.00045, while the probability of at least 4 machines breaking down is approximately 0.00046. The expected number of machines that will break down is 0.5 and the variance is 0.45.

Explanation:

The appropriate probability distribution for x is the binomial distribution. A binomial distribution has two outcomes (a machine breaks down, or it doesn't), a fixed number of trials (5 machines), and a constant probability of success (0.1, a machine breaks down). x satisfies all these properties.

To compute the probability that 4 machines will break down, we can use the binomial theorem: P(x=k) = C(n,k) * (p^k) * (1-p)^(n-k). Here, n=5, k=4, p=0.1. The calculation gives us approximately 0.00045 as the probability that exactly 4 machines will break down.

To compute the probability that at least 4 machines will break down, we calculate the sum of the probabilities that 4 and 5 machines will break down. It's approximately 0.00046.

The expected number of machines that will break down in a day is calculated by n*p, which gives us 0.5 machines.

The variance of the number of machines that will break down in a day is np(1-p), which gives us 0.45.

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You are given the probability that an event will happen. Find the probability that the event will not happen.
1. P(E) = 0.7
2. P(E) = 0.36
3. P(E) = 1/4
4. P(E) = 2/3

Answers

Answer:

1) 0.3

2) 0.64

3) 0.75

4) 0.33                              

Step-by-step explanation:

We are given the following probabilities. We have to probability of that event not happening.

That is we have to find the complement of the event,

Complement of event:

The complement of event E is represented as E'.[tex]P(E') = 1 - P(E)[/tex]

1. P(E) = 0.7

[tex]P(E') = 1 - P(E) = 1 - 0.7 =0.3[/tex]

2. P(E) = 0.36

[tex]P(E') = 1 - P(E) = 1 - 0.36 = 0.64[/tex]

3. P(E) = 1/4

[tex]P(E') = 1 = P(E) = 1 -\dfrac{1}{4} = \dfrac{3}{4} = 0.75[/tex]

4. P(E) = 2/3

[tex]P(E') = 1 = P(E) = 1 -\dfrac{2}{3} = \dfrac{1}{3} = 0.33[/tex]

In a field there are cows, birds, and spiders. Spiders have 4 eyes and 8 legs each. In the field there are 20 eyes and 30 legs. All three animals are present, and there is an odd number of each animal. How many spiders, cows, and birds are present?

Answers

Answer:

1 spider, 3 cows, 5 birds.

Step-by-step explanation:

Cows (C): 4 legs, 2 eyes.

Birds (B): 2 legs, 2 eyes.

Spiders (S): 8 legs, 4 eyes.

The number of legs and eyes are given, respectively by:

[tex]30 = 4C+2B+8S\\20 = 2C+2B+4S[/tex]

Multiplying the second equation by -2 and adding it to the first one gives us the number of birds:

[tex]30 -40= 4C-4C+2B-4B+8S-8S\\-10 = -2B\\B=5[/tex]

Rewriting the original equations with B =5:

[tex]30 = 4C+2*5+8S\\20 = 2C+2*5+4S\\20 = 4C+8S\\10 = 2C+4S\\C=5-2S[/tex]

Since the number of cows cannot be negative, and both C and S must be odd numbers, the only possible value of S is 1:

[tex]C=5-2S\\S=1\\C=3[/tex]

There are 3 cows, 5 birds, and 1 spider in the field.

To solve this problem, we need to establish equations based on the given information

1. Define Variables

Let c be the number of cows,

b be the number of birds,

and s be the number of spiders

2. Create Equations

The total number of eyes is given to be 20, and knowing that spiders have 4 eyes, birds have 2 eyes, and cows have 2 eyes, we get:

2c + 2b + 4s = 20

Simplifying this, we get:

c + b + 2s = 10  (i)

The total number of legs is given to be 30, with cows having 4 legs, birds having 2 legs, and spiders having 8 legs, we get:

4c + 2b + 8s = 30

Simplifying this, we get:

2c + b + 4s = 15  (ii)

3. Solve Simultaneous Equations

We can subtract equation (i) from (ii):

(2c + b + 4s) - (c + b + 2s) = 15 - 10

c + 2s = 5  (iii)

Substituting (iii) into (i):

(5 - 2s) + b + 2s = 10

5 + b = 10

b = 5;

We know from (iii) that:

c + 2s = 5

Let’s check for odd values for s:

If s = 1, then c = 5 - 2(1) = 3 (valid since cows = 3)

Hence, the solution is:

c = 3, b = 5, s = 1

Checking:

Total eyes = 2(3) + 2(5) + 4(1) = 6 + 10 + 4 = 20 (correct)

Total legs = 4(3) + 2(5) + 8(1) = 12 + 10 + 8 = 30 (correct)

There are 3 cows, 5 birds, and 1 spider in the field.

1. Consider an athlete running a 40-m dash. The position of the athlete is given by , where d is the position in meters and t is the time elapsed, measured in seconds. Compute the average velocity of the runner over the given time intervals. a. b. c. d. e. Use the preceding answers to guess the instantaneous velocity of the runner at sec. ( ) 3 4 6 t dt t = + [1.95, 2.05] [1.995, 2.005] [1.9995, 2.0005] [2, 2.00001] t = 2

Answers

There is some information missing in the question, since we need to know what the position function is. The whole problem should look like this:

Consider an athlete running a 40-m dash. The position of the athlete is given by [tex]d(t)=\frac{t^{2}}{6}+4t[/tex] where d is the position in meters and t is the time elapsed, measured in seconds.

Compute the average velocity of the runner over the intervals:

(a) [1.95, 2.05]

(b) [1.995, 2.005]

(c) [1.9995, 2.0005]

(d) [2, 2.00001]

Answer

(a) 6.00041667m/s

(b) 6.00000417 m/s

(c) 6.00000004 m/s

(d) 6.00001 m/s

The instantaneous velocity of the athlete at t=2s is 6m/s

Step by step Explanation:

In order to find the average velocity on the given intervals, we will need to use the averate velocity formula:

[tex]V_{average}=\frac{d(t_{2})-d(t_{1})}{t_{2}-t_{1}}[/tex]

so let's take the first interval:

(a) [1.95, 2.05]

[tex]V_{average}=\frac{d(2.05)-d(1.95)}{2.05-1.95}[/tex]

we get that:

[tex]d(1.95)=\frac{(1.95)^{3}}{6}+4(1.95)=9.0358125[/tex]

[tex]d(2.05)=\frac{(2.05)^{3}}{6}+4(2.05)=9.635854167[/tex]

so:

[tex]V_{average}=\frac{9.6358854167-9.0358125}{2.05-1.95}=6.00041667m/s[/tex]

(b) [1.995, 2.005]

[tex]V_{average}=\frac{d(2.005)-d(1.995)}{2.005-1.995}[/tex]

we get that:

[tex]d(1.995)=\frac{(1.995)^{3}}{6}+4(1.995)=9.30335831[/tex]

[tex]d(2.005)=\frac{(2.005)^{3}}{6}+4(2.005)=9.363335835[/tex]

so:

[tex]V_{average}=\frac{9.363335835-9.30335831}{2.005-1.995}=6.00000417m/s[/tex]

(c) [1.9995, 2.0005]

[tex]V_{average}=\frac{d(2.0005)-d(1.9995)}{2.0005-1.9995}[/tex]

we get that:

[tex]d(1.9995)=\frac{(1.9995)^{3}}{6}+4(1.9995)=9.33033358[/tex]

[tex]d(2.0005)=\frac{(2.0005)^{3}}{6}+4(2.0005)=9.33633358[/tex]

so:

[tex]V_{average}=\frac{9.33633358-9.33033358}{2.0005-1.9995}=6.00000004m/s[/tex]

(d) [2, 2.00001]

[tex]V_{average}=\frac{d(2.00001)-d(2)}{2.00001-2}[/tex]

we get that:

[tex]d(2)=\frac{(2)^{3}}{6}+4(2)=9.33333333[/tex]

[tex]d(2.00001)=\frac{(2.00001)^{3}}{6}+4(2.00001)=9.33339333[/tex]

so:

[tex]V_{average}=\frac{9.33339333-9.33333333}{2.00001-2}=6.00001m/s[/tex]

Since the closer the interval is to 2 the more it approaches to 6m/s, then the instantaneous velocity of the athlete at t=2s is 6m/s

Final answer:

The average velocity is computed for each interval using the average velocity formula and the given position function, d(t) = 3t^2 + 4t + 6. Instantaneous velocity is calculated by differentiating the position function and substituting the given time point.

Explanation:

To find the average velocity, we need to use the formula: average velocity = (final position - initial position) / (final time - initial time). For the position function given, d(t) = 3t^2 + 4t + 6, substitute the time values given in the intervals to find the position at those times, then use those values to calculate the average velocity.

For example, for the first interval [1.95, 2.05], d(1.95) = 3*(1.95)^2 + 4*1.95 + 6 and d(2.05) = 3*(2.05)^2 + 4*2.05 + 6. Subtract these position values and the time values then divide the result.

The instantaneous velocity is calculated by taking the slope of the tangent line at the specified point on the position vs time curve, which is found using the derivative of the position function. The derivative of d(t) = 3t^2 + 4t + 6 is d'(t) = 6t + 4. So, at t = 2, the instantaneous velocity would be d'(2) = 6*2 + 4.

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Suppose that a ball is dropped from the upper observation deck of the CN Tower in Toronto, 450 m above the ground. Find the velocity of the ball after 3 seconds. SOLUTION Through experiments carried out four centuries ago, Galileo discovered that the distance fallen by any freely falling body is proportional to the square of the time it has been falling. (This model for free fall neglects air resistance.) If the distance fallen after t seconds is denoted by s(t) and measured in meters, then Galileo's law is expressed by the equation s(t) = 4.9t2. The difficulty in finding the velocity after 3 s is that we are dealing with a single instant of time (t = 3), so no time interval is involved. However, we can approximate the desired quantity by computing the average velocity over the brief time interval of a tenth of a second from t = 3 to t = 3.1: average velocity = change in position time elapsed = s(3.1) − s(3) 0.1 = 4.9 2 − 4.9 2 0.1 = m/s. The table shows the results of similar calculations of the average velocity over successively smaller time periods. It appears that as we shorten the time period, the average velocity is becoming closer to m/s (rounded to one decimal place). The instantaneous velocity when t = 3 is defined to be the limiting value of these average velocities over shorter and shorter time periods that start at t = 3. Thus the (instantaneous) velocity after 3 s is the following. (Round your answer to one decimal place.) v = m/s

Answers

The velocity of the ball after 3 seconds will be 29.43 meters per second.

What is Algebra?

The analysis of mathematical representations is algebra, and the handling of those symbols is logic.

Suppose that a ball is dropped from the upper observation deck of the CN Tower in Toronto, 450 m above the ground.

Then the velocity of the ball after 3 seconds will be given as,

We know that the first equation of motion.

v = u - gt

Where v is the final velocity, u is the initial velocity, g is the acceleration due to gravity, and t is the time in seconds. Then we have

v = 0 - 9.81 x 3

v = -29.43 m/s

The velocity of the ball after 3 seconds will be 29.43 meters per second.

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Final answer:

The velocity of the ball after 3 seconds can be found using Galileo's law of free fall. By calculating the average velocity over a brief time interval, we can approximate the instantenous velocity. The velocity of the ball after 3 seconds is therefore m/s.

Explanation:

The velocity of the ball after 3 seconds can be found using Galileo's law of free fall. According to the given information, the distance fallen after t seconds is given by the equation s(t) = 4.9t², where s(t) is the distance fallen in meters and t is the time in seconds. To find the velocity, we can approximate it by computing the average velocity over a brief time interval. We can calculate the average velocity from t = 3 to t = 3.1 by finding the change in position divided by the time elapsed. Plugging the values into the equation, we get:

Average velocity = (s(3.1) - s(3)) / 0.1 = (4.9(3.1)² - 4.9(3)²) / 0.1 = m/s

Therefore, the velocity of the ball after 3 seconds is m/s, rounded to one decimal place.

Two marbles are selected from a bag containing two red marbles, two blue marbles, and one yellow marble. The color of each marble is recorded.
Determine the sample space for the experiment.

Answers

Answer:

(a) {RR,BB,RB,RY,BY}

(b) {R1 R2, R1 B1, R1 B2, R1 Y, R2 R1, R2 B1, R2 B2, R2 Y, B1 R1, B1 R2, B1 B2, B1 Y, B2 R1, B2 B1, B2 R2, B2 Y, Y R1, Y R2, Y B1, Y B2}.

Step-by-step explanation:

This question can be answered in two ways :

(a) When order of picking marbles does not matter.

(b) When order of picking marbles does matter.

So, First I will explain what will be the sample space for the experiment when order of picking marbles does not matter.

Red marbles in the bag = 2

Blue marbles in the bag = 2

Yellow marbles in the bag = 1

Now since we have to select two marbles from the bag, the sample cases will be:

Both of the marbles could be Red.Both of the marbles could be Blue.One marble is Red and other one is Blue.One marble is Red and other one is Yellow.One marble is Blue and other one is Yellow.

In short Sample space = {RR,BB,RB,RY,BY} where R = Red , B = Blue and Y = Yellow.

    2. Now I will explain what will be the sample space for the experiment  when order of picking marbles does matter.

For this, First give numbers to the balls in bag i.e.,

First Red ball in the bag = R1

Second Red ball in the bag = R2

First Blue ball in the bag = B1

Second Blue ball in the bag = B2

Yellow ball in the bag = Y

Now the cases for sample spaces when two marbles are selected will be :

{R1 R2, R1 B1, R1 B2, R1 Y, R2 R1, R2 B1, R2 B2, R2 Y, B1 R1, B1 R2, B1 B2, B1 Y, B2 R1, B2 B1, B2 R2, B2 Y, Y R1, Y R2, Y B1, Y B2}.

Two bicyclists are 7/8 of the way through a mile long tunnel when a train approaches the closer end at 40 mph. The riders take off at the same speed in opposite directions and each escapes the tunnel as the train passes them. How fast did they ride?

Answers

Final answer:

The speed at which each bicyclist rides is 320 times the distance covered by each bicyclist.

Explanation:

To solve this problem, we can consider the distance traveled by the train and by each bicyclist. Let's assume the distance covered by each bicyclist is x miles. The train covers the remaining 1 - 7/8 = 1/8 mile. We can set up an equation to represent the time it takes for the train and the bicyclists to travel their respective distances:

Time taken by train = distance traveled by train / speed of train = (1/8) mile / 40 mph = 1/320 hour

Time taken by each bicyclist = distance traveled by bicyclist / speed of bicyclist = x miles / v mph, where v represents the speed of the bicyclists

Since the train passes each bicyclist when they are 7/8 of the way through the tunnel, the time it takes for each bicyclist to travel their distance is equal to the time it takes for the train to travel its distance:

(x / v) = 1/320

To solve for v, we can rearrange the equation:

v = x / (1/320)

v = 320x mph

The speed at which each bicyclist rides is 320 times the distance covered by each bicyclist.

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Final answer:

To escape a train traveling at 40 mph through a tunnel, two bicyclists traveling in opposite directions must ride at a speed of exactly 35 mph to escape the tunnel safely. We derive this by setting up two inequalities based on the distances each cyclist must cover and then finding the minimum speed at which these conditions are satisfied.

Explanation:

We are discussing a classic algebra problem that utilizes rate, time, and distance calculations. Two bicyclists are 7/8 of the way through a mile-long tunnel when a train traveling at 40 mph approaches from behind. Each cyclist pedals at the same speed but in opposite directions to escape the tunnel as the train passes by them.

To solve the problem, we need to determine how far each bicyclist has to travel to escape the tunnel. One bicyclist has 1/8 mile to exit, while the other bicyclist has 7/8 mile. Since they travel at the same speed and need to escape before the train reaches them, we can set up a ratio based on distances and speeds. We know the train covers the mile in (1/40) hours since speed is distance over time.

The bicyclist closer to the exit (1/8 mile away) must bike this distance faster than the train covers the entire mile to avoid collision, and similarly for the second bicyclist (7/8 miles away). Let's assume their biking speed is 's'. Then, their times to escape are (1/8)/s and (7/8)/s respectively. These times must be less or equal to the time it takes for the train to travel the mile, which is 1/40 hours.

Setting up the first inequality: (1/8)/s ≤ 1/40
Which simplifies to: s ≥ 5 mph
And the second inequality: (7/8)/s ≤ 1/40
This second inequality simplifies to: s ≥ 35 mph
Since both conditions must be satisfied and s cannot be greater than 35 mph for both to be true, the speed at which both bicyclists must ride to escape is exactly 35 mph.

For each statement, decide whether descriptive or inferential statistics were used.

a. A resent study showed that eating garlic can lower blood pressure. ___________________
b. The average number of students in a class at White Oak University is 22 _____

Answers

Answer:

a.  Inferential statistics

b. Descriptive statistics

Step-by-step explanation:

statistics can be categorized into descriptive an inferential statistics. descriptive statistics makes use of a set of data for numerical calculations  and provides conclusion based on those numerical calculation. this data could be collected using tables,graphs, and other means of data representation.

Inferential statistics however come up with conclusions and assumptions base on a sample data.

Examples of descriptive statistics are mean, median, mode, quartile, percentile. Thus option B is descriptive.

Option A however is inferential statistics since some assumptions were made based on the effect of garlic on blood pressure.

Bob can go to work by one of four modes of transportation: 1.) bicycle, 2.) car, 3.) bus and 4.) train. If he takes his bicycle, Bob has a 25% chance of getting to work on time. Because of heavy traffic, there is a 43% chance of being late if he takes his car. If he goes by bus, which has special reserve lanes to help keep schedule, but can be over crowded forcing him to wait for the next bus, he has a 15% chance of being late. The train runs on a very specific schedule, so there is only 5% probability of being late if he decides to take the train. Suppose that Bob is late and his boss see's Bob coming in late. His boss tries to estimate the probability Bob took his car in. Not knowing Bob's travel habbits, what does the boss estimate Bob's probability of taking the car given that he was late.

Answers

Answer:

the probability is 0.311 (31.1%)

Step-by-step explanation:

defining the event L= being late to work :Then knowing that each mode of transportation is equally likely (since we do not know its travel habits) :

P(L)= probability of taking the bicycle * probability of being late if he takes the bicycle + probability of taking the car* probability of being late if he takes the car  + probability of taking the bus* probability of being late if he takes the bus +probability of taking the train* probability of being late if he takes the train = 1/4  * 0.75 +   1/4 * 0.43 + 1/4  * 0.15  + 1/4 * 0.05 = 0.345

then we can use the theorem of Bayes for conditional probability. Thus defining the event C= Bob takes the car , we have

P(C/L)=  P(C∩L)/P(L) = 1/4 * 0.43 /0.345 = 0.311 (31.1%)

where

P(C∩L)= probability of taking the car and being late

P(C/L)= probability that Bob had taken the car given that he is late

Final answer:

If Bob is late without considering the transportation mode, the total probability is 63%. Using Bayes' theorem, we find the probability that Bob was late because he took the car is approximately 17%.

Explanation:

Firstly, it's essential to ascertain the total chances of Bob being late disregarding the mode of transport. And that is the sum of his possibilities of being late for each mode, which is 43% for the car, 15% for the bus, and 5% for the train: 43% + 15% + 5% = 63%. Thus, if Bob is late, there's a 63% chance that he took either car, bus, or train. To calculate the probability that Bob took the car given that he was late, we employ Bayes' Theorem.

The formula for Bayes' theorem is P(A|B) = P(B|A)P(A) / P(B). In this instance, event A is Bob travelling by car, event B is Bob being late. We want to estimate P(A|B), the chance of A happening given B has occurred. Hence we plug in values: P(A|B) = (0.43)(0.25) / (0.63) ≈ 0.17 or 17%. Thus, the boss would estimate that there's a 17% chance that Bob took his car if he observes Bob coming late.

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The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000.What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000?1) 0.97722) 0.50003) 0.99874) 0.0228

Answers

Answer:

1) 0.9772

Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

[tex]\mu = 40000, \sigma = 5000[/tex]

What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000?

This is 1 subtracted by the pvalue of Z when X = 30000. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{30000 - 40000}{5000}[/tex]

[tex]Z = -2[/tex]

[tex]Z = -2[/tex] has a pvalue of 0.0228.

1 - 0.0228 = 0.9772

0.9772 that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000

Final answer:

Using the normal distribution, the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000 is approximately 0.9772.

Explanation:

The probability of a randomly selected individual with an MBA degree getting a starting salary of at least $30,000 is determined using the normal distribution with a mean of $40,000 and a standard deviation of $5,000. You calculate the z-score for $30,000, which is (30,000 - 40,000) / 5,000 = -2.

Then, you look this z-score up in the standard normal distribution table (or use a calculator equipped with normal distribution functions) to find the probability of getting a value greater than -2. This probability corresponds to the area to the right of the z-score, which is essentially 1 minus the cumulative probability up to the z-score.

According to standard normal distribution tables, the cumulative probability of a z-score of -2 is approximately 0.0228. Therefore, the probability of getting at least $30,000 is

1 - 0.0228, which equals approximately 0.9772.

Comparing this to available choices, option 1) 0.9772 is the correct answer.

What expression is equivalent to 3•3•3•3

Answers

Answer: 3 to the 4 power

Step-by-step explanation:

Answer:

3^4

because it is 3 times it self 4 times

Sulfur compounds cause "off-odors" in wine, so winemakers want to know the odor threshold, the lowest concentration of a compound that the human nose can detect. The odor threshold for dimethyl sulfide (DMS) in trained wine tasters is about 25 micrograms per liter of wine (μg/l). The untrained noses of consumers may be less sensitive, how ever. Here are the DMS odor thresholds for 10 untrained f students:
30 30 42 35 22 33 31 29 19 23
(a) Assume that the standard deviation of the odor threshold for untrained noses is known to be σ = 7 μg/l. Briefly discuss the other two "simple conditions, " using a stemplot to verify that the distribution is roughly symmetric with no outliers.
(b) Give a 95% confidence interval for the mean DMS odor threshold among all students.

Answers

Answer:

a) If we construct a stemplot for the data we have this:

Stem     Leaf

1       |     9

2      |     2 3 9

3      |     0 0 1 3 5

4      |     2

Notation: 1|9 means 19

b) [tex]29.4-2.26\frac{6.75}{\sqrt{10}}=24.58[/tex]    

[tex]29.4-2.26\frac{6.75}{\sqrt{10}}=34.22[/tex]    

So on this case the 95% confidence interval would be given by (24.58;34.22)    

Step-by-step explanation:

For this case we have the following data:

30 30 42 35 22 33 31 29 19 23

Part a

If we construct a stemplot for the data we have this:

Stem     Leaf

1       |     9

2      |     2 3 9

3      |     0 0 1 3 5

4      |     2

Notation: 1|9 means 19

As we can see the distribution is a little assymetrical to the right since we have not to much values on the right tail. But we can approximate roughly the distribution symmetric and with no outliers.

Part b

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

[tex]\bar X[/tex] represent the sample mean for the sample  

[tex]\mu[/tex] population mean (variable of interest)

s represent the sample standard deviation

n represent the sample size  

The confidence interval for the mean is given by the following formula:

[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex]   (1)

In order to calculate the mean and the sample deviation we can use the following formulas:  

[tex]\bar X= \sum_{i=1}^n \frac{x_i}{n}[/tex] (2)  

[tex]s=\sqrt{\frac{\sum_{i=1}^n (x_i-\bar X)}{n-1}}[/tex] (3)  

The mean calculated for this case is [tex]\bar X=29.4[/tex]

The sample deviation calculated [tex]s=6.75[/tex]

In order to calculate the critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:

[tex]df=n-1=10-1=9[/tex]

Since the Confidence is 0.95 or 95%, the value of [tex]\alpha=0.05[/tex] and [tex]\alpha/2 =0.025[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.025,9)".And we see that [tex]t_{\alpha/2}=2.26[/tex]

Now we have everything in order to replace into formula (1):

[tex]29.4-2.26\frac{6.75}{\sqrt{10}}=24.58[/tex]    

[tex]29.4-2.26\frac{6.75}{\sqrt{10}}=34.22[/tex]    

So on this case the 95% confidence interval would be given by (24.58;34.22)    

Mr. Rosenbloom uses 500 ml of gel in his hair every morning. He buys gel in 10 liter bottles. How many days will 1 bottle last.

Answers

Answer:

Mr. Rosenbloom 1 bottle of gel will last for 20 days.

Step-by-step explanation:

Given:

Amount of gel used every morning = 500 mL

Amount of gel in 1 bottle = 10 liters.

We need to find the number of days 1 bottle of gel will last for.

Solution:

Now we know that;

1 liter =1000 mL

10 liter = 10000 mL

Now we now that;

500 mL of gel is used = 1 day

10000 mL of gel will be used = Number of days 10000 mL of gel will last.

By Using Unitary method we get;

Number of days 10000 mL of gel will last = [tex]\frac{10000}{500}=20\ days[/tex]

Hence Mr. Rosenbloom 1 bottle of gel will last for 20 days.

A frequent flyer was interested in the relationship between dollars spent on flying and the distance flown. She sampled 20 frequent flyers of a certain airline. She collected the number of miles flown in the previous year and the total amount of money the flyer spent. A regression line of distance flown on money spent was fit to the data, and the intercept and slope were calculated to be a = 24,000 and b = 10.
A person who spent $ 2000 is predicted to have flown:

a) 34000 miles. b) 54000 miles. c) 44000 miles. d) 24000 miles.

Answers

Answer:

c) 44000 miles

Step-by-step explanation:

The regression line has the following format:

[tex]y = bx + a[/tex]

In which b is the slope(how much each mile costs) and a is the fixed number of miles flown.

In this problem, we have that:

[tex]a = 24000, b = 10[/tex]. So

[tex]y = 10x + 24000[/tex]

A person who spent $ 2000 is predicted to have flown:

This is y when x = 2000.

[tex]y = 10(2000) + 24000[/tex]

[tex]y = 44000[/tex]

So the correct answer is:

c) 44000 miles

Final answer:

To find the predicted distance flown by someone who spent $2000, you use the given intercept (a) and slope (b) in the straight line equation Y = a + bX. When $2000 is substituted for X in the equation, your solution is 44,000 miles.

Explanation:

In this problem, you are asked to determine the distance a person is predicted to have flown, given that the person spent $2000. Based on our regression line information, we know that the intercept (a) is 24,000 and the slope (b) is 10. Therefore, we can use the equation of the straight line Y = a + bX, where X represents the amount of money spent, and Y is the distance traveled. If we substitute $2000 for X in our equation, we find that Y = 24000 + 10 * 2000 = 44,000 miles. Therefore, the correct answer is option c) 44000 miles.

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ATM personal identification number (PIN) codes typically consist of four-digit sequences of numbers. Find the probability that if you forget your PIN, then you can guess the correct sequence (a) at random and (b) when you recall the first two digits.

Answers

Answer:

(a) 0.0001 or 0.01%

(b) 0.01 or 1%

Step-by-step explanation:

Since there are 10 possible numeric digits (from 0 to 9), and there is only one correct digit, there is a 1 in 10 change of getting each digit right.

The probability that if you forget your PIN, then you can guess the correct sequence

(a) at random:

[tex]P=(\frac{1}{10})^4=0.0001=0.01\%[/tex]

(b) when you recall the first two digits.

[tex]P=(\frac{1}{10})^2=0.01=1\%[/tex]

Final answer:

The probability of guessing a four-digit PIN code correctly is 1/10,000 if guessed randomly and 1/100 if the first two digits are recalled correctly.

Explanation:

To find the probability of guessing a four-digit PIN code correctly, we need to consider the number of possible combinations and the number of favorable outcomes. There are 10 possible choices for each digit (0-9), so there are 10^4 = 10,000 possible four-digit PIN codes.

(a) If you forget your PIN and guess it randomly, there is only one correct sequence out of the 10,000 possibilities. Therefore, the probability of guessing the correct sequence is 1/10,000.

(b) If you recall the first two digits correctly, there are still 10 choices for each of the remaining two digits. So, the probability of guessing the correct sequence in this case is 1/10^2 = 1/100.

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Find the general solution to y' + 19t1$ y = t19 Use the variable I=∫et17dt where it occurs in your answer, since this integral is not easily computable. Note that the arbitrary constant C would come from actually computing the integral I, so you do not need to write it.

Answers

Answer:

y=\frac{ -\frac{\sqrt[9]{18} Г (10/9, -\frac{19t^{18}}{18})}{19^{10/9} {e^{\frac{19t^{18}}{18}}}

Step-by-step explanation:

From exercise we have:

C=0

y'+19t^{17} y=t^{19}

We know that a linear differential equation is written in the standard form:

y' + a(t)y = f(t)

we get that: a(t)=19t^{17} and f(t)=t^{19}.

We know that the integrating factor is defined by the formula:

u(t)=e^{∫ a(t) dt}

⇒ u(t)=e^{∫ 19t^{17} dt} = e^{\frac{19t^{18}}{18}}

The general solution of the differential equation is in the form:

y=\frac{ ∫ u(t) f(t) dt +C}{u(t)}

y=\frac{ ∫ e^{\frac{19t^{18}}{18}} · t^{19} dt + 0}{e^{\frac{19t^{18}}{18}}}

y=\frac{ -\frac{\sqrt[9]{18} Г (10/9, -\frac{19t^{18}}{18})}{19^{10/9} {e^{\frac{19t^{18}}{18}}}

What is a real life word problem for the equation
y=2x

Answers

Answer:

y = 2x

Step-by-step explanation:

Claire is hungry. She buys 2 donuts each costing x $. How much should she pay?

Since one donut costs x $ 2 donuts cost 2x $.

Therefore, total amount Claire should pay, call it y = 2x.

Hence, we have y = 2x.

Final answer:

A real-life word problem for the equation y=2x could be renting a bike at a rate of $2 per hour, in which the cost (y) is proportional to the rental time (x). This scenario shows a linear relationship with the total cost increasing directly with the rental time.

Explanation:

A real-life word problem for the equation y=2x could involve a situation where the cost y (in dollars) to hire a bike is proportional to the number of hours x you rent it for. If it costs $2 per hour to rent a bike, then the total cost is represented by the equation y=2x. For example, renting the bike for 3 hours would cost y=2(3)=6 dollars.

Applying this equation, it follows that as the time of rental increases, the cost increases at a constant rate. This represents a linear relationship between time and cost.

Example Calculation:

Let x represent the time in hours you rent a bike.

The total cost y is twice the rental time (since it's $2 per hour).

To find the cost of renting a bike for 5 hours, substitute x=5 into the equation: y=2(5).

The total cost would be y=$10.

The equation y=2x is used here to model a simple proportional relationship where one variable increases directly as the other does. It does not represent a quadratic, hyperbolic, or any other non-linear relationship.

Suppose you choose a team of two people from a group of n > 1 people, and your opponent does the same (your choices are allowed to overlap). Show that the number of possible choices of your team and the opponent’s team equals Pn−1 i=1 i 3 .

Answers

Answer:

The number of possible choices of my team and the opponents team is

 [tex]\left\begin{array}{ccc}n-1\\E\\n=1\end{array}\right i^{3}[/tex]

Step-by-step explanation:

selecting the first team from n people we have [tex]\left(\begin{array}{ccc}n\\1\\\end{array}\right) = n[/tex] possibility and choosing second team from the rest of n-1 people we have [tex]\left(\begin{array}{ccc}n-1\\1\\\end{array}\right) = n-1[/tex]

As { A, B} = {B , A}

Therefore, the total possibility is [tex]\frac{n(n-1)}{2}[/tex]

Since our choices are allowed to overlap, the second team is [tex]\frac{n(n-1)}{2}[/tex]

Possibility of choosing both teams will be

[tex]\frac{n(n-1)}{2} * \frac{n(n-1)}{2} \\\\= [\frac{n(n-1)}{2}] ^{2}[/tex]

We now have the formula

1³ + 2³ + ........... + n³ =[tex][\frac{n(n+1)}{2}] ^{2}[/tex]

1³ + 2³ + ............ + (n-1)³ = [tex][x^{2} \frac{n(n-1)}{2}] ^{2}[/tex]

=[tex]\left[\begin{array}{ccc}n-1\\E\\i=1\end{array}\right] = [\frac{n(n-1)}{2}]^{3}[/tex]

If Mike does his mathematics homework today, the probability that he will do it tomorrow is 0.8. The probability that he will do his homework today is 7.0. What are the odds that he will do it both today and tomorrow?a. 4:1b. 8:7c. 3:2d. 14:11

Answers

Answer:

d. 14:11

Step-by-step explanation:

There is a 7 in 10 chance that Mike does his homework today and a 8 in 10 chance he will do it tomorrow,  the probability that he will do it both today and tomorrow is:

[tex]P = \frac{7}{10}* \frac{8}{10}\\P=\frac{56}{100}=0.56[/tex]

The odds are the probability that an event occurs over the probability that it does not occur:

[tex]Odds = \frac{0.56}{1-0.56}=\frac{56}{44}=\frac{14}{11}[/tex]

The odds that he will do it both today and tomorrow are 14:11.

The odds that he will do it both today and tomorrow is 14:11.

What are the odds that he will do it both today and tomorrow?

Probability that he would do the assignement today and tomorrow = probability he would do the assignment today x probability he would do the assignment tomorrow

0.7 x 0.8 = 0.56

Odds he would do the assignment today and tomorrow = 0.56/ (1 - 0.56) = 0.56 / 0.44

= 14 : 11

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The expression 16t2 approximates a skydiver’s distance, in feet, when in free- a skydiver at 15,000 ft needs to speed up 240 mph (352 ft/s) to join a formation, the expression 15,000 − 352t represents the skydiver’s height above ground after t seconds. Classify each polynomial by its degree and number of terms.
16t2
240
15,000 – 352t
t

Answers

Answer:

Step-by-step explanation:

The degree of a polynomial is the sum of the exponents of all of its variables. Where there is only one variable, the degree would be the highest power to which that variable is raised. The terms are the individual components that make up the polynomial. Therefore,

16t2 is a second degree because the variable, t is raised to 2 and the term is 1

240 is zero degree and 1 term.

15,000 – 352t is first degree and 2 terms.

For two independent​ events, A and​ B, ​P(A)equals . 3 and​P(B)equals . 2 . a. Find ​P(Aintersect ​B). b. Find​ P(A|B). c. Find ​P(Aunion ​B). a.​ P(Aintersect ​B)equalsnothing b.​P(A|B)equals nothing c.​ P(Aunion ​B)equalsnothing. Any expert yet

Answers

Answer:

a) 0.06

b) 0.3

c) 0.44                                        

Step-by-step explanation:

We are given the following in the question:

A and B are two independent events.

P(A) = 0.3

P(B) = 0.2

a) P(A intersect ​B)

[tex]P(A\cap B) = P(A)\times P(B) = 0.3\times 0.2 = 0.06[/tex]  

b) P(A|B)

[tex]P(A|B) = \dfrac{P(A\cap B)}{P(B)} = \dfrac{0.06}{0.2} = 0.3[/tex]

c) P(A union ​B)

[tex]P(A\cup B) = P(A) + P(B) - P(A\cap B)\\P(A\cup B) = 0.3 + 0.2 - 0.06 = 0.44[/tex]

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,400 will be accepted. Assume that the competitor's bid x is a random variable that is uniformly distributed between $10,400 and $14,600.a. Suppose you bid $12,000. What is the probability that your bid will be accepted (to 2 decimals)?b. Suppose you bid $14,000. What is the probability that your bid will be accepted (to 2 decimals)?c. What amount should you bid to maximize the probability that you get the property (in dollars)?d. Suppose that you know someone is willing to pay you $16,000 for the property. You are considering bidding the amount shown in part (c) but a friend suggests you bid $13,200. If your objective is to maximize the expected profit, what is your bid? (Options: 1. Stay with the bid in part (c) or 2. Bid $13,200 to maximize profit)What is the expected profit for this bid (in dollars)?

Answers

Final answer:

a. The probability that your bid will be accepted is 60%. b. The probability that your bid will be accepted is 10%. c. To maximize the probability of getting the property, you should bid $14,599. d. To maximize expected profit, bid $14,599 with an expected profit of $700.50.

Explanation:

a. To calculate the probability that your bid will be accepted, we need to find the probability that your bid is higher than the competitor's bid. Since the competitor's bid, x, is uniformly distributed between $10,400 and $14,600, the probability that the competitor's bid is less than $12,000 is given by:

P(x < 12,000) = (12,000 - 10,400) / (14,600 - 10,400) = 0.4

Therefore, the probability that your bid will be accepted is 1 - P(x < 12,000) = 1 - 0.4 = 0.6, or 60%.

b. Using the same method, the probability that your bid will be accepted when you bid $14,000 is:

P(x < 14,000) = (14,000 - 10,400) / (14,600 - 10,400) = 0.9

Therefore, the probability that your bid will be accepted is 1 - P(x < 14,000) = 1 - 0.9 = 0.1, or 10%.

c. To maximize the probability that you get the property, you should bid an amount that is slightly higher than the competitor's bid, but still below $14,600. This is because if your bid is equal to the competitor's bid, there is a 50% chance that the seller will choose your bid and a 50% chance that the seller will choose the competitor's bid. Therefore, to maximize your chances, you should bid $14,599.

d. If your objective is to maximize the expected profit, you should consider the probability of winning the property and the profit you will make if you win. Since you know someone is willing to pay you $16,000 for the property, the expected profit can be calculated as:

Expected Profit = Probability of Winning × (Selling Price - Bidding Amount)

According to part (c), if you bid $14,599, the probability of winning is 0.5. Therefore, the expected profit is:

Expected Profit = 0.5 × (16,000 - 14,599) = $700.50

a. Probability of bid acceptance when bidding $12,000 is approximately 0.38.

b. Probability of bid acceptance when bidding $14,000 is approximately 0.86.

c. To maximize chances, bid $12,500.

d. For maximum expected profit, bid $13,200, with an expected profit of approximately $3,000.

Let's break down the problem step by step:

a. Probability of bid acceptance when bidding $12,000:

Given that the competitor's bid ( x ) is uniformly distributed between $10,400 and $14,600, we need to find the probability that our bid is higher than $10,400 but less than $14,600.

[tex]\[ P(10400 < x < 12000) = \frac{12000 - 10400}{14600 - 10400} = \frac{1600}{4200} \][/tex]

b. Probability of bid acceptance when bidding $14,000:

[tex]\[ P(10400 < x < 14000) = \frac{14000 - 10400}{14600 - 10400} = \frac{3600}{4200} \][/tex]

c. To maximize the probability of winning, we need to find the midpoint of the range $10,400 to $14,600, which is $12,500. So, we should bid $12,500.

d. Expected profit when bidding $12,500:

If someone is willing to pay $16,000 for the property, and we win the bid, our profit would be $16,000 - $12,500 = $3,500. The probability of winning the bid when bidding $12,500 is the same as calculated in part c. So, the expected profit would be:

[tex]\[ E(Profit) = (Probability \ of \ winning) \times (Profit \ if \ won) \][/tex]

[tex]\[ E(Profit) = \frac{3600}{4200} \times 3500 \][/tex]

Now, let's calculate:

a. [tex]\[ P(10400 < x < 12000) = \frac{1600}{4200} \approx 0.38 \][/tex]

b.[tex]\[ P(10400 < x < 14000) = \frac{3600}{4200} \approx 0.86 \][/tex]

c. Midpoint: $12,500

d. [tex]\[ E(Profit) = \frac{3600}{4200} \times 3500 \approx 3000 \][/tex]

So, to maximize expected profit, the bid should be $13,200.

anju plots points showing equivalent ratios on the coordinate plane below​

Answers

The missing value in the table is 15.

Solution:

Ratio of x to y coordinate:

[tex]$\frac{x}{y}= \frac{1}{3}[/tex]

[tex]$\frac{x}{y}= \frac{2}{6}= \frac{1}{3}[/tex]

[tex]$\frac{x}{y}= \frac{8}{24}= \frac{1}{3}[/tex]

So, the ratios are equivalent ratios.

To find the missing value in the table:

Multiply the x-coordinate by 3, we get the y-coordinate.

x-coordinate = 5

y-coordinate = x-coordinate × 3

                     = 5 × 3

                     = 15

Hence the missing value in the table is 15.

Answer:

15

Step-by-step explanation:

1 multiplied by 5 equals 5. Do the same with the y-value. 3 multiplied by 5 is 15!

A scientist is working with 1.3m of gold wire. How long is the wire in millimeters

Answers

Answer:

1300 mm  

Step-by-step explanation:

You want to convert metres to millimetres, so you multiply the metres by a conversion factor:

1.3 m × conversion factor = x mm

1 m = 1000 mm.

So,  the conversion factor is either (1 m/1000 mm) or (1000 mm/1 m).

We choose the latter, because it has the desired units on top.

The calculation becomes

[tex]\text{Length} = \text{1.3 m} \times \dfrac{\text{1000 mm}}{\text{1 m}} = \textbf{1300 mm}[/tex]

what would 20% of 1,500 be?

Answers

Answer:

300

Step-by-step explanation:

20% of 1,500 = 300

(Source: Google)

Answer:

300

Step-by-step explanation:

A sociologist studying freshmen carried out a survey, asking, among other questions, how often students went out per week, how many hours they studied per day, and how many hours they slept at night.

The tables provide the answers on the time slept and the time spent studying by whether or not students went out.

Go out Hours/day studied Hours slept less than 6 Hours slept 6 or more Total Stay in dorm Hours/day studied Hours slept less than 6 Hours slept 6 or more Total Less than 2 3 9 12 Less than 2 40 120 160 2 or more 14 14 28 2 or more 20 20 40 Total 17 23 40 Total 60 140 200

When we examine the data, we find that students who studied more slept less, both among those who go out and among those who stay in the dorm.

When we combine both groups of students, we find that those who studied more also slept more.

This is an example of:

a. Simpson's Paradox.

b. Andersen's Paradox.

c. the Probability Paradox.

d. the Gaussian Paradox.

Answers

Answer:

This is called Simpson's Paradox.

Therefore the correct option is A.) Simpson's Paradox.

Step-by-step explanation:

i) This is called Simpson's Paradox.

ii) If there are trends that tend to appear in several different groups of data which apparently either disappear or tend to reverse when these data groups are combined.

Final answer:

This is an example of Simpson's Paradox, where a trend appears in different groups of data but disappears or reverses when the groups are combined.

Explanation:

This is an example of Simpson's Paradox. Simpson's Paradox occurs when a trend appears in different groups of data but disappears or reverses when the groups are combined. In this case, although students who studied more slept less in both groups (those who went out and those who stayed in the dorm), when the groups are combined, those who studied more also slept more.

Learn more about Simpson's Paradox here:

https://brainly.com/question/34741710

#SPJ3

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