/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q 5.114 Persons per Housing Unit. From t... [FREE SOLUTION] | 91影视

91影视

Persons per Housing Unit. From the document American Housing Survey for the United States, published by the U.S. Census Bureau, we obtained the following frequency distribution for the number of persons per occupied housing unit, where we have used "7" in place of 鈥7 or more.鈥 Frequencies are in millions of housing units.

Person1234567
Frequencies27.934.417.015.56.82.31.4

For a randomly selected housing unit, let Y denote the number of persons living in that unit.

a. Identify the possible values of the random variable Y.

b. Use random-variable notation to represent the event that a housing unit has exactly three persons living in it.

c. Determine P(Y = 3); interpret in terms of percentages.

d. Determine the probability distribution of Y.

e. Construct a probability histogram for Y.

Short Answer

Expert verified

Part a.

The possible values for Y: {1,2,3,4,5,6,7}

Part b.

Y = 3

Part c.

P(Y = 3) = 17/105.3 = 0.161

Part d.

Random Variable

Probability

1

27.9

2

34.4

3

17.0

4

15.5

5

6.8

6

2.3

7

1.4

Part e.

Step by step solution

01

Part (a) Step 1. Given information

The frequency distribution for the number of people per occupied dwelling unit is shown below, where "7" has been substituted for "7 or more." The following frequencies are found in millions of home units:

Persons

1

2

3

4

5

6

7

Frequency

27.9

34.4

17.0

15.5

6.8

2.3

1.4

Let Y represent the number of people drawn at random from a housing unit.

02

Part (a) Step 2. Solution

The number of people per occupied housing unit can be calculated using the frequency distribution table provided. be 1, 2, 3, 4, 5, 6 or 7. Hence, the potential values for Y:

Y=1,2,3,4,5,6,7

03

Part (a) Step 3. Solution

When a living unit has exactly three people, it is referred to as:

Y = 3

04

Part (c) Step 1. Formula Used 

The experiment is conducted out assuming that the random variable (Y=y)occurs n times out of a total of N times. As a result of the fNrule:

P(Y=y)=nN

05

Part (c) Step 2. Solution

Here, Total number of times the experiment took place (N):

27.9+34.4+17+15.5+6.8+2.3+1.4=105.5

By fNrule:

P(Y=3)=17105.5=0.161

06

Part (d) Step 1. Solution

Here, total number of times the experiment took place :

27.9+34.4+17+15.5+6.8+2.3+1.4=105.5

Hence the probability of random variable Y is:

Random Variable

Probability

1

27.9

2

34.4

3

17.0

4

15.5

5

6.8

6

2.3

7

1.4

07

Part (e) Step 1. Solution

The probability histogram for the random variable X is as follows:

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 91影视!

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

The Geometric Distribution. In this exercise, we discuss the geometric distribution, the probability distribution for the number of trials until the first success in Bernoulli trials. The geometric probability formula is

P(X=x)=p(1-p)x-1,

where Xdenotes the number of trials until the first success and pthe success probability. Using the geometric probability formula and Definition 5.9 on page 227. we can show that the mean of the random variable Xis 1/p.

To illustrate, consider the Mega Millions lottery, a multi-state jackpot draw game with a jackpot starting at $15 million and growing until someone wins. In order to play, the player selects five white numbers from the numbers 1-75 and one Mega Ball number from the numbers 1-15. Suppose that you buy one Mega Millions ticket per week. Let Xdenote the number of weeks until you win a prize.

(a) Find and interpret the probability formula for the random variable X. (Note: The probability of winning a prize with a single ticket is 0.0680.)

(b) Compute the probability that the number of weeks until you win a prize is exactly 3; at most 3: at least 3.

(c) On average, how long will it be until you win a prize?

Evaluating Investments. An investor plans to put $50.000 in one of four investments. The return on each investment depends on whether next year's economy is strong or weak. The following table summarizes the possible payoffs. in dollars for the four investments.

Let V, W, X and Y denotes the payoffs for the certificate or deposit office complex, land speculation. and technical school, respectively the V, W, X and Y are random variables . assume that nest year's economy has a 40% chance of being strong and a 60% chance of being weak.

Part(a) Find the probability distribution of each random variable V, W, X, and Y

Part (b) Determine the expected value of each random variable.

Part (c) Which investment has the best expected payoffs? the worst?

Part (d) Which investment would you select? Explain

Constract a venn diagram representing the event.

Part (a) (A (not B)).

Part (b) ((A or B) & (not(A & B)))

Give two examples of Bernoulli trials other than those presented in the text.

A bowl contains 12 poker chips 3 red , 4 white and 5 blue. One of these poker chips is selected at random from the bowl. Let B denote the event that the chips is selected is blue. Find the probability that a blue chips is selected, and express your answer in probability notation

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.