Chapter 4: Q160S (page 281)
Given that xis a poisson random variable, computefor each of the following cases:
a.
b.
c.
Short Answer
a. The probability distribution is .
b. The probability distribution is .
c. The probability distribution is .
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Chapter 4: Q160S (page 281)
Given that xis a poisson random variable, computefor each of the following cases:
a.
b.
c.
a. The probability distribution is .
b. The probability distribution is .
c. The probability distribution is .
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Suppose x is a binomial random variable with n = 3 and p = .3.
On-site treatment of hazardous waste. The Resource Conservation and Recovery Act mandates the tracking and disposal of hazardous waste produced at U.S. facilities. Professional Geographer (February 2000) reported the hazardous-waste generation and disposal characteristics of 209 facilities. Only 8 of these facilities treated hazardous waste on-site. Use the hypergeometric distribution to answer the following:
a. In a random sample of 10 of the 209 facilities, what is the expected number in the sample that treat hazardous waste on-site? Interpret this result.
b. Find the probability that 4 of the 10 selected facilities treat hazardous waste on-site.
4.113 Credit/debit card market shares. The following table reports the U.S. credit/debit card industry鈥檚 market share data for 2015. A random sample of 100 credit/debit card users is to be questioned regarding their satisfaction with
their card company. For simplification, assume that each card user carries just one card and that the market share percentages are the percentages of all card customers that carry each brand.
Credit debit Card | Market Share % |
Visa | 59 |
MasterCard | 26 |
Discover | 2 |
American Express | 13 |
Source:Based on Nilson Reportdata, June 2015.
a. Propose a procedure for randomly selecting the 100 card users.
b. For random samples of 100 card users, what is the expected number of customers who carry Visa? Discover?
c. What is the approximate probability that half or more of the sample of card users carry Visa? American Express?
d. Justify the use of the normal approximation to the binomial in answering the question in part c.
4.133 Suppose xis a random variable best described by a uniform
probability distribution with c= 20 and d= 45.
a. Find f(x)
b. Find the mean and standard deviation of x.
c. Graph f (x) and locate and the interval onthe graph. Note that the probability that xassumes avalue within the interval is equal to 1.
Ranking PhD programs in economics. Refer to the SouthernEconomic Journal(April 2008) rankings of PhD programsin economics at 129 colleges and universities, Exercise 2.103(p. 117). Recall that the number of publications published byfaculty teaching in the PhD program and the quality of thepublications were used to calculate an overall productivityscore for each program. The mean and standard deviationof these 129 productivity scores were then used to computea z-score for each economics program. The data (z-scores)for all 129 economic programs are saved in the accompanying
file. A Minitab normal probability plot for the z-scores isshown below. Use the graph to assess whether the data areapproximately normal.
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