Question

In: Statistics and Probability

An individual who has automobile insurance from a certain company is randomly selected. Let Y be...

An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is given.

y 0 1 2 3

p(y)

0.50 0.30 0.15 0.05

(a)

What is the probability that among 15 randomly chosen such individuals, at least 10 have no citations? (Round your answer to three decimal places.)

(b)

What is the probability that among 15 randomly chosen such individuals, fewer than half have at least one citation? (Round your answer to three decimal places.)

(c)

What is the probability that among 15 randomly chosen such individuals, the number that have at least one citation is between 5 and 10, inclusive? ("Between a and b, inclusive" is equivalent to

(aXb).

Round your answer to three decimal places.)

Solutions

Expert Solution

a)

X = number of people with no citation

X follow binomial distribution with n = 15 , p = 0.50

P(X >= 10)

==1-BINOMDIST(9,15,0.5,1)

= 0.1509

b)

Y = number of people with at least one citation

Y follow binomial with n = 15 , p = 0.5

P(Y < 7.5)

= P(Y <= 7)

==BINOMDIST(7,15,0.5,1)

= 0.5

c)

P(5 <= Y <= 10)

= =BINOM.DIST.RANGE(15,0.5,5,10)

0.881530762

Related Solutions

The probability that a randomly selected individual in a certain Community has made an online purchase...
The probability that a randomly selected individual in a certain Community has made an online purchase a 0.39 suppose that a sample of 10 people from the community is selected. What is the probability that at most three of them has made an online purchase?
Let x be the number of courses for which a randomly selected student at a certain...
Let x be the number of courses for which a randomly selected student at a certain university is registered. The probability distribution of x appears in the table shown below: x 1 2 3 4 5 6 7 p(x) .05 .03 .09 .26 .37 .16 .04 (a) What is P(x = 4)? P(x = 4) = (b) What is P(x 4)? P(x 4) = (c) What is the probability that the selected student is taking at most five courses? P(at...
Let U be the event that a randomly chosen employee of an insurance company has been...
Let U be the event that a randomly chosen employee of an insurance company has been an underwriter. Let C be the event that a randomly chosen employee of an insurance company has been a claims adjuster. Identify the answer which expresses the following with correct notation: Of all the employees of an insurance company who have been underwriters, the probability that a randomly chosen employee of an insurance company has been a claims adjuster. Select the correct answer below:...
The time that a randomly selected individual waits for an elevator in an office building has...
The time that a randomly selected individual waits for an elevator in an office building has a uniform distribution over the interval from 0 to 1 minute. For this distribution μ = 0.5 and σ = 0.289. (a) Let x be the sample mean waiting time for a random sample of 19 individuals. What are the mean and standard deviation of the sampling distribution of x? (Round your answers to three decimal places.) μx = σx = (b) Answer Part...
The probability that a randomly selected box of a certain type of cereal has a particular...
The probability that a randomly selected box of a certain type of cereal has a particular prize is 0.2. Suppose you purchase box after box until you have obtained four of these prizes. (a) What is the probability that you purchase x boxes that do not have the desired prize? h(x; 4, 0.2) b(x; 4, 2, 10)      nb(x; 4, 2, 10) b(x; 4, 0.2) h(x; 4, 2, 10) nb(x; 4, 0.2) (b) What is the probability that you purchase...
Let x be the age in years of a licensed automobile driver. Let y be the...
Let x be the age in years of a licensed automobile driver. Let y be the percentage of all fatal accidents (for a given age) due to speeding. For example, the first data pair indicates that 37% of all fatal accidents of 17-year-olds are due to speeding. x 17,27,37,47,57,67,77 y 37,25,18,12,10,7,5 Complete parts (a) through (e), given Σx = 329, Σy = 114, Σx2 = 18,263, Σy2 = 2636, Σxy = 3958, and r ≈ −0.948. (a) Draw a scatter...
Let x be the age in years of a licensed automobile driver. Let y be the...
Let x be the age in years of a licensed automobile driver. Let y be the percentage of all fatal accidents (for a given age) due to speeding. For example, the first data pair indicates that 36% of all fatal accidents of 17-year-olds are due to speeding. x 17 27 37 47 57 67 77 y 36 25 23 12 10 7 5 Complete parts (a) through (e), given Σx = 329, Σy = 118, Σx2 = 18,263, Σy2 =...
Let x be the age in years of a licensed automobile driver. Let y be the...
Let x be the age in years of a licensed automobile driver. Let y be the percentage of all fatal accidents (for a given age) due to speeding. For example, the first data pair indicates that 36% of all fatal accidents involving 17-year-olds are due to speeding. x 17 27 37 47 57 67 77 y 36 25 20 12 10 7 5 Find the sample mean for x (round to the nearest whole number) Find the sample mean for...
Let x be the age in years of a licensed automobile driver. Let y be the...
Let x be the age in years of a licensed automobile driver. Let y be the percentage of all fatal accidents (for a given age) due to speeding. For example, the first data pair indicates that 34% of all fatal accidents of 17-year-olds are due to speeding. x 17 27 37 47 57 67 77 y 34 22 22 12 10 7 5 Complete parts (a) through (e), given Σx = 329, Σy = 112, Σx2 = 18,263, Σy2 =...
Let x be the age in years of a licensed automobile driver. Let y be the...
Let x be the age in years of a licensed automobile driver. Let y be the percentage of all fatal accidents (for a given age) due to speeding. For example, the first data pair indicates that 39% of all fatal accidents of 17-year-olds are due to speeding. x 17 27 37 47 57 67 77 y 39 25 19 12 10 7 5 Complete parts (a) through (d), given Σx = 329, Σy = 117, Σx2 = 18,263, Σy2 =...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT