Question

In: Statistics and Probability

3The table below shows the number of diapers demanded daily and the cumulative probabilities associated with...

3The table below shows the number of diapers demanded daily and the cumulative probabilities associated with each level of demand. Daily Demand 1 2 3 Cumulative Probability 0.12 0.25 1 If a random number 67 is generated. What would be the simulated demand ?

Solutions

Expert Solution

orchestra answered 2 years ago
Next > < Previous

Related Solutions

The table below shows the quantity demanded and supplied in the labor market for economics professors...
The table below shows the quantity demanded and supplied in the labor market for economics professors at the I'MaState University, where all the professors belong to a union. Annual Salary Quantity of workers demanded Quantity of workers supplied $50,000 95 20 $60,000 80 30 $70,000 65 40 $80,000 50 50 $90,000 35 60 $100,000 20 70 1. If no union existed, the equilibrium salary for economics professors at I'MaState University, will be . 2. If the union has enough negotiating...
the table below shows the price quantity of demanded of packaged of pure water in nigeria....
the table below shows the price quantity of demanded of packaged of pure water in nigeria. price in # = 0.5, 0.6, 0.7, 0.8, 0.8, 0.9. Quantity Demand = 160, 140, 120, 110, 90, 80. Let Xi represent the price change per unit and Yi represent the quantity demand at that price. The demand function may be postulated as; Yi =a+bXi + ei . FIND THE OLS ESTIMATE OF THE DEMAND FUNCTION AND var(a), var(b) and their respective standard error...
Compute the following binomial probabilities using the table of Cumulative Binomial Probabilities. Give your answer to...
Compute the following binomial probabilities using the table of Cumulative Binomial Probabilities. Give your answer to 3 places past the decimal. c) Binomial pmf value: b(10; 15, 0.3)   d) Binomial pmf value: b(11; 20, 0.4) e) P(2 ≤ X ≤ 7) when X ~ Bin(15, 0.2)   f) P(X ≥ 9) when X ~ Bin(15, 0.2) g) P(6 < X ≤ 9) when X ~ Bin(15, 0.2)  
The following table shows part of the probability distribution for the number of boats sold daily...
The following table shows part of the probability distribution for the number of boats sold daily at Boats Unlimited. It is known that the average number of boats sold daily is 1.57. x f(x) 0 0.20 1 0.30 2 0.32 3 ? 4 0.05 5 0.02 Compute the variance and the standard deviation for this probability distribution.
The following table shows part of the probability distribution for the number of boats sold daily...
The following table shows part of the probability distribution for the number of boats sold daily at Boats Unlimited. It is known that the average number of boats sold daily is 1.57. x f(x) 0 0.20 1 0.30 2 0.32 3 ? 4 0.05 5 ? Complete the distribution by computing the probabilities of selling 3 nd 5 boats per day. All boats sell for $2000. What is the standard deviation of the daily revenue of the company?
The following table shows the daily relationship between the number of workers and output​ (Q) for...
The following table shows the daily relationship between the number of workers and output​ (Q) for a small factory in the short​ run, with capital held constant. Each worker costs ​$200 per​ day, and the firm has fixed costs of ​$100 per day. Calculate total cost​ (TC), marginal cost​ (MC), and average total cost​ (ATC).  ​(Round your answers to two decimal​ places.) WORKERS Q TC    MC ATC 1 20 ? ? ? 2 44 ? ? ? 3 70...
The table below shows the returns and probabilities of 3 different financial assets (A, B, C)....
The table below shows the returns and probabilities of 3 different financial assets (A, B, C). Which financial asset should be preferred according to the Risk-Return analysis? (Coefficient of Change will be calculated over Standard Deviation / Expected Return.). You can use 4 digits after the comma in your calculations. Possibility Return A Return B Return C 0,10 (-)0,09 0,01 (-)0,20 0,35 0,08 0,05 (-)0,10 0,40 0,13 0,10 0,25 0,15 0,20 0,15 0,75
The table below shows the returns and probabilities of 3 different financial assets (A, B, C)....
The table below shows the returns and probabilities of 3 different financial assets (A, B, C). Which financial asset should be preferred according to the Risk-Return analysis? (Coefficient of Change will be calculated over Standard Deviation / Expected Return.). You can use 4 digits after the comma in your calculations. Possibility Return A Return B Return C 0.10 (-)0,09 0,01 (-)0,20 0.35 0,08 0,05 (-)0,10 0,40 0,13 0,10 0,25 0,15 0,20 0,15 0,75 I would appreciate if you show transactions
The following table is used for a number of questions below. The table above shows the...
The following table is used for a number of questions below. The table above shows the responses of a survey of teenagers aged 14-18 when asked at what age they thought they would become financially independent. Age of Financial Independence Number of Responses 16-20 191 21-24 467 25-27 244 28 or older 42 What do the teens expect is the probability of being financially independent before age 25? A recent Gallup poll found that only 14 percent of 24- to...
The table below shows price and quantity data for a hypothetical economy. Quantity Demanded 2018 Prices...
The table below shows price and quantity data for a hypothetical economy. Quantity Demanded 2018 Prices 2017 (base year) Prices 2018 (current year) 10 kilograms (kg) coffee $6/kg $2/kg 10kg tea $4/kg $4/kg Assume that a typical consumer’s food basket contains only coffee and tea. Moreover, assume that consumers are completely indifferent between coffee and tea. If the official “food inflation rate” for 2018 is calculated using a Paasche index, the substitution bias is demonstrated by the fact that the...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT