Question

In: Statistics and Probability

Required: Ensure you show all formulas and state values of variables, substitute and solve. Provide a...

Required:

  • Ensure you show all formulas and state values of variables, substitute and solve.

  • Provide a concluding statement for all parts.

  1. Suppose that 31% of families in town own iPads. If sixteen families are surveyed at random,

    1. Determine the probability that exactly 4 families own an IPAD.

    1. Determine the probability that less than 3 families own iPads.

    1. Determine the probability that least 3 families own iPads.

    1. Determine the expected number of families with an iPad.


  1. There are ten cats and eleven dogs in a pet shop. Nine pets are chosen at random to visit a children’s hospital.

    1. Determine the probability that exactly three of the pets will be dogs.

    1. Determine the probability that less than 2 of the pets will be dogs.

    1. Determine the probability that at least 2 of the pets will be dogs.

    1. Determine the expected number of dogs chosen.


Solutions

Expert Solution

orchestra answered 1 year ago
Next > < Previous

Related Solutions

***Excel is required to solve this problem. Please use excel and show all formulas used in...
***Excel is required to solve this problem. Please use excel and show all formulas used in each cell I would really appreciate the work*** Three-Stage FCFE Model: Biomet Inc., designs, manufactures and markets reconstructive and trauma devices, and reported earnings per share of $0.56 in 1993, on which it paid no dividends. (It had revenues per share in 1993 of $2.91). It had capital expenditures of $0.13 per share in 1993 and depreciation in the same year of $0.08 per...
Solve in Excel. Show formulas A) You are considering an investment that will pay you $12,000...
Solve in Excel. Show formulas A) You are considering an investment that will pay you $12,000 the first year, $13,000 the second year, $17,000 the third year, $19,000 the fourth year, $23,000 the fifth year, and $28,000 the sixth year (all payments are at the end of each year). What is the maximum you would pay for this investment if your opportunity cost is 12%? B) You are considering an investment that will pay you $12,000 the first year, $13,000...
Please show formulas using excel Build a spreadsheet: Construct an Excel spreadsheet to solve all of...
Please show formulas using excel Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: the April 1 work-in-process costs were $66,000 for direct material and $18,000 for conversion. Work in process, April 1—10,000 units: Direct material: 100% complete, cost of .........................................................................................................$ 22,000 Conversion: 20% complete, cost of ................................................................................................................. 4,500 Balance in work in process, April 1 ..................................................................................................................$  26,500 Units started during April ......................................................................................................................................100,000 Units...
Complete the following problems in a word document. Please show values for all variables and circle...
Complete the following problems in a word document. Please show values for all variables and circle the correct answer. Failure to do so will result in lost points. You borrow $15,000 for your tuition costs. You agree to make payments at the end of each month for the next 10 years. If the interest rate on this loan is 6%, how much is your monthly payment? How much do you still owe after 20 payments? Jill would like to plan...
Please show all work and formulas Please use the following information to answer this question. State    ...
Please show all work and formulas Please use the following information to answer this question. State     Probability       A                     B                      C Boom   .3                     -10%                5%                   0% Normal            .4                     5                      3                      2                      Bust     .3                     10                    -5                     2 Find the expected return and variance of the portfolio if an investor spent $5000 on A, $8000 on B and $7000 on C.
Please show all work and formulas Please use the following information to answer this question. State    ...
Please show all work and formulas Please use the following information to answer this question. State     Probability       A                     B                      C Boom   .3                     -10%                5%                   0% Normal            .4                     5                      3                      2                      Bust     .3                     10                    -5                     2 Find the expected return and variance of the portfolio if an investor spent $5000 on A, $8000 on B and $7000 on C.
Please show all calculations and formulas. If using Escel, please show data/formulas. practice 10: Show the...
Please show all calculations and formulas. If using Escel, please show data/formulas. practice 10: Show the effects of these transactions on the balance sheet equity accounts. Presently the stock price is $20 per share. You started with: common stock ($1 par value) $10,000, capital surplus $100,000, retained earnings $200,000: a. 12% stock dividend b. repurchased 1,000 shares (repurchase price is PV of 20)
1) (note: Please also provide the excel formulas used to solve it )  You work for a...
1) (note: Please also provide the excel formulas used to solve it )  You work for a soft-drink company in the quality control division. You are interested in the standard deviation of one of your production lines as a measure of consistency. The product is intended to have a mean of 12 ounces, and your team would like the standard deviation to be as low as possible. You gather a random sample of 18 containers. Estimate the population standard deviation at...
Show all calculations within the cells of the template. This means that you must use formulas...
Show all calculations within the cells of the template. This means that you must use formulas and links so that the thought process can be examined. Make good use of comments to convey your thought process as well; no hard coding of solutions. Submit a single MS Excel file for grading. The deliverable is as follows: The completed Form 1040-Schedule E template. ACT405 – Portfolio Project Case 1 Comprehensive Tax Problem – Option 1 Taxpayer Information    Name: John Washington...
MY MATH İS TERRBİLE THAN YOU İMAGİNE. so can you summarize and show all the formulas...
MY MATH İS TERRBİLE THAN YOU İMAGİNE. so can you summarize and show all the formulas and basic questions of all of them, I will upvote and I will pray for you:D Thank you Hypothesis Tests of a Single Population 1)Formulate null and alternative hypotheses for applications involving -a single population mean from a normal distribution -a single population proportion (large samples) -the variance of a normal distribution 2) Formulate a decision rule for testing a hypothesis 3) Know how...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT