/*! 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. 105 Suppose that the probability tha... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Suppose that the probability that an adult in America will watch the Super Bowl is 40%. Each person is considered independent. We are interested in the number of adults in America we must survey until we find one who will watch the Super Bowl.

a. In words, define the random variable X.

b. List the values that X may take on.

c. Give the distribution of X. X ~ _____(_____,_____)

d. How many adults in America do you expect to survey until you find one who will watch the Super Bowl?

e. Find the probability that you must ask seven people.

f. Find the probability that you must ask three or four people

Short Answer

Expert verified

a. The random variable X is the number of adults in America that is surveyed until we find the one who will watch the Super Bowl.

b. The values of X are 1,2,3,4,.......

c. The distribution of X is X~G(0.40)

d. The number of adults in America to survey until we find one who will watch the Super Bowl is 2.5

e. The probability that you must ask seven people is0.0187

f. The probability that you must ask three or four people is0.2304

Step by step solution

01

Content Introduction

In a Bernoulli trial, the likelihood of the number of successive failures before a success is obtained is represented by a geometric distribution, which is a sort of discrete probability distribution. A Bernoulli trial is a test that can only have one of two outcomes: success or failure.

02

Explanation (part a)

Random variable in simple terms generally refers to variables whose values are unknown, therefore, in this case X is the number of adults in America that is surveyed until we find the one who will watch the Super Bowl.

03

Explanation (part b)

Make the list of values that you want to use X may take on.

As we can see there is an upper bound for the situation at hand so,

X=1,2,3,4,........

04

Explanation (part c)

The random variable X refers to the number of trials before the first success. Each trial is independent of others and has similar probability of success.

This implies that random variable X follows Geometric Distribution.

Thus, the distribution of X isX~G(0.40)

05

Explanation (part d)

The expected value of geometric distribution is:

E(X)=1pwherep=0.40

Therefore,

E(X)=1pE(X)=10.40E(X)=2.5

06

Explanation (part e)

The probability that you must ask seven people will be:

P(X=7)=∑x=17(1-0.40)x-1×0.40=0.0187

07

Explanation (part f)

The probability that you must ask three or four people is

P(X=3orX=4)=P(X=3)+P(X=4)=[(1-0.40)3-1×(0.40)]+[(1-0.40)4-1×(0.40)]=0.144+0.0864=0.2304

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 91Ó°ÊÓ!

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

According to a recent Pew Research poll, 75% of millenials (people born between 1981 and 1995) have a profile on a social networking site. Let X = the number of millenials you ask until you find a person without a profile on a social networking site.

a. Describe the distribution of X.

b. Find the (i) mean and (ii) standard deviation of X.

c. What is the probability that you must ask ten people to find one person without a social networking site?

d. What is the probability that you must ask 20 people to find one person without a social networking site?

e. What is the probability that you must ask at most five people?

The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interested in the expected number of audits a person with that income has in a 20-year period. Assume each year is independent.

a. In words, define the random variable X.

b. List the values that X may take on.

c. Give the distribution of X. X ~ _____(_____,_____)

d. How many audits are expected in a 20-year period?

e. Find the probability that a person is not audited at all.

f. Find the probability that a person is audited more than twice

A venture capitalist, willing to invest \(1,000,000, has three investments to choose from. The first investment, a software company, has a 10%chance of returning \)5,000,000profit, a 30%chance of returning \(1,000,000profit, and a 60%chance of losing the million dollars. The second company, a hardware company, has a 20%chance of returning \)3,000,000profit, a 40%chance of returning \(1,000,000profit, and a 40%chance of losing the million dollars. The third company, a biotech firm, has a 10%chance of returning \)6,000,000profit, a 70%of no profit or loss, and a 20%chance of losing the million dollars.

a. Construct a PDF for each investment.

b. Find the expected value for each investment.

c. Which is the safest investment? Why do you think so?

d. Which is the riskiest investment? Why do you think so?

e. Which investment has the highest expected return, on average?

Construct a PDF table.

X ~ _____(_____,_____)

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.