Question

In: Statistics and Probability

The probability distribution shows the probability of each possible outcome, zero through 15. That is, if...

The probability distribution shows the probability of each possible outcome, zero through 15. That is, if you were to ask a total of 15 people to sample both Coke and Pepsi, the probability distribution you have created will show you the chance that any specific number of people will guess correctly. Print out the distribution and then respond manually to the following questions:

1. Is the distribution collectively exhaustive? What is the evidence for your answer?

Solutions

Expert Solution

I have answered the question below

Please up vote for the same and thanks!!!

Do reach out in the comments for any queries

Answer:

Since the sum of probabilities is 1, it can be said the distribution is collectively exhaustive

orchestra answered 2 years ago
Next > < Previous

Related Solutions

The probability distribution shows the probability of each possible outcome, zero through 15. That is, if...
The probability distribution shows the probability of each possible outcome, zero through 15. That is, if you were to ask a total of 15 people to sample both Coke and Pepsi, the probability distribution you have created will show you the chance that any specific number of people will guess correctly. Print out the distribution and then respond manually to the following questions: 1. What is the mean of this probability distribution? That is, what is the most likely outcome?
The probability distribution shows the probability of each possible outcome, zero through 15. That is, if...
The probability distribution shows the probability of each possible outcome, zero through 15. That is, if you were to ask a total of 15 people to sample both Coke and Pepsi, the probability distribution you have created will show you the chance that any specific number of people will guess correctly. Print out the distribution and then respond manually to the following questions What is the probability that 10 or more will identify correctly?
Use the probability distribution to find probabilities in parts​ (a) through​ (c). The probability distribution of...
Use the probability distribution to find probabilities in parts​ (a) through​ (c). The probability distribution of number of dogs per household in a small town Dogs 0 1 2 3 4 5 Households 0.6730.673 0.2010.201 0.0760.076 0.0250.025 0.0170.017 0.0080.008 ​(a) Find the probability of randomly selecting a household that has fewer than two dogs. 0.8740.874   ​(Round to three decimal places as​ needed.) ​(b) Find the probability of randomly selecting a household that has at least one dog. 0.3270.327 ​ (Round...
Is it possible to sketch the probability distribution of momentum for a particle in the second...
Is it possible to sketch the probability distribution of momentum for a particle in the second excited state (n = 3) of an infinite square well? If so, do it.
For the following exercises, use the spinner in Figure 1. Construct a probability model showing each possible outcome and its associated probability. (Use the first letter for colors.)
For the following exercises, use the spinner in Figure 1.Construct a probability model showing each possible outcome and its associated probability. (Use the first letter for colors.) 
There are three securities in the market. The following chart shows their possible payoffs: Probability of...
There are three securities in the market. The following chart shows their possible payoffs: Probability of Outcome Return on Security 1 Return on Security 2 Return on Security 3 1 .15 .198 .198 .048 2 .35 .148 .098 .098 3 .35 .098 .148 .148 4 .15 .048 .048 .198 a-1. What is the expected return of each security? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) a-2. What is...
There are three securities in the market. The following chart shows their possible payoffs: Probability of...
There are three securities in the market. The following chart shows their possible payoffs: Probability of Outcome Return on Security 1 Return on Security 2 Return on Security 3 1 .15 .198 .198 .048 2 .35 .148 .098 .098 3 .35 .098 .148 .148 4 .15 .048 .048 .198 a-1. What is the expected return of each security? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) a-2. What is...
You expect the following set of possible outcomes for a stock: Outcome Probability Ending Stock Price...
You expect the following set of possible outcomes for a stock: Outcome Probability Ending Stock Price Holding Period Return (Percent) Risk-free rate (Percent) Good 35% $120 44.5 4 Neutral 30% $100 14 2 Bad 35% $70 -16.5 .5 What is the variance of the risk-free rate? Please enter your answer rounded to the third decimal place.
You expect the following set of possible outcomes for a stock: Outcome Probability Ending Stock Price...
You expect the following set of possible outcomes for a stock: Outcome Probability Ending Stock Price Holding Period Return (Percent) Risk-free rate (Percent) Good 35% $120 44.5 4 Neutral 30% $100 14 2 Bad 35% $70 -16.5 .5 What is the covariance of the stock holding period returns with the stock's ending price? Please enter your answer rounded to the third decimal place.
Following table shows the probability distribution for the number of bathrooms for homes sold in the...
Following table shows the probability distribution for the number of bathrooms for homes sold in the Goodyear, Arizona. Number of baths (X) Count 1.5 16 2.0 65 2.5 15 3.0 9 Total 105 Compute the mean and the standard deviation of this distribution.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT