In: Economics
India is the second most populous country in the world, with a
population of over 1 billion people. Although the government has
offered various incentives for population control, some argue that
the birth rate, especially in rural India, is still too high to be
sustainable. A demographer assumes the following probability
distribution for the household size in India.
Household Size | Probability |
1 | 0.03 |
2 | 0.11 |
3 | 0.15 |
4 | 0.24 |
5 | 0.16 |
6 | 0.16 |
7 | 0.11 |
8 | 0.04 |
a. What is the probability that there are less
than 5 members in a household in India? (Round your answer
to 2 decimal places.)
b. What is the probability that there are 5 or
more members in a household in India? (Round your answer to
2 decimal places.)
c. What is the probability that the number of
members in a household in India is strictly between 2 and 5?
(Round your answer to 2 decimal places.)
Answer::
a. Probability that there are less than 5 members =
0.53
P(X=1)+P(X=2)+P(X=3)+P(X=4) = 0.03+0.11+0.15+0.24 =
0.53
b. Probability that there are 5 or more members in a household =
0.47
1 - [ P(X=1)+P(X=2)+P(X=3)+P(X=4)] = 1-0.53 =
0.47
c. Probability that the number of members in a household in
India is strictly between 2 and 5= 0.66
P(X=2)+P(X=3)+P(X=4)+p(X=5) = 0.11+0.15+0.24+0.16 =
0.66