Question

In: Statistics and Probability

If a person randomly picks two different months, what is the probability that the correlation between...

If a person randomly picks two different months, what is the probability that the correlation between the two months is negative?

Solutions

Expert Solution

First, let's establish which months are winter months, I'm on the northern hemisphere so for me that would be December, January and February, those are 3 of the 12 months, so my probability of drawing the first winter month is 3/12, drawing a second winter - given that I have to draw a different month! - month is 3/12*2/11 so 6/132 is 1/22.

However if the first month I drew was December then there are two options for the second one, January and February. Same if I drew January or February first. All in all there are six possible orders in which I could have drawn my months. Each of these orders has a probability of 1/22, so the odds of drawing two winter months, regardless of which goes first or second, are 6/22.

As for the second one, we need to define what exactly constitutes a negative correlation.... the sales of scarves and the outside temperature have a negative correlation, when temperatures go up, the sales go down.


Related Solutions

What is covariation between two variables? How is "covariation" (or correlation) between two variables different from...
What is covariation between two variables? How is "covariation" (or correlation) between two variables different from "relationship" between them? Why do we need regression analysis to establish relationships between the dependent variable and one or more of the independent variables and correlation analysis is not enough?
1. If there is no correlation between two variables, what is the value of the correlation...
1. If there is no correlation between two variables, what is the value of the correlation coefficient? to. -1 b. 0 c. 1 d. -0 2. In a scatter diagram, on which axis is the dependent variable always recorded? to. x axis b. y axis 3. What is the dependent and independent variable? • time • quantities produced
In a​ region, there is a 0.9 probability chance that a randomly selected person of the...
In a​ region, there is a 0.9 probability chance that a randomly selected person of the population has brown eyes. Assume 11 people are randomly selected. Complete parts​ (a) through​ (d) below. a. Find the probability that all of the selected people have brown eyes. The probability that all of the 11 selected people have brown eyes is: ​(Round to three decimal places as​ needed.) b. Find the probability that exactly 10 of the selected people have brown eyes. The...
The probability that a randomly selected person is left-handed is 0.1. Suppose we are to randomly...
The probability that a randomly selected person is left-handed is 0.1. Suppose we are to randomly select 10 people. Let X be the number of people selected out of the 10 that are left-handed. Find the following probabilities: (a) P(X = 2) = (b) P(X ≤ 2) = (c) P(X > 2) =
The probability that a person is left-handed is 17%. You randomly select three people. What is...
The probability that a person is left-handed is 17%. You randomly select three people. What is the probability that: a) all three are left handed b) none of them are left handed c) at least one of them is left-handed
Here is the probability model for the blood type of a randomly chosen person in the...
Here is the probability model for the blood type of a randomly chosen person in the United States. Blood type O A B AB Probability 0.52 0.19 0.06 0.23 What is the probability that a randomly chosen American does not have type O blood? % Round to the nearest 0.01%
Here is the probability model for the blood type of a randomly chosen person in the...
Here is the probability model for the blood type of a randomly chosen person in the United States. Blood Type O A B AB Probability 0.31 0.34 0.12 ? (a) What is the probability that a randomly chosen American has type AB blood? Please use 2 decimal places. (b) Maria has type B blood. She can safely receive blood transfusions from people with blood types O and B. What is the probability that a randomly chosen American can donate blood...
What is the correlation between stocks X and Z? State of the Economy Probability of Occurrence...
What is the correlation between stocks X and Z? State of the Economy Probability of Occurrence Stock X Expected Return Stock Y Expected Return Stock Z Expected Return Recession 35% 25% -10% 15% Average 45% 14% 8% 25% Boom 20% 4% 14% -10% 0.96 0.51 -0.26 0.26
1. Suppose there is a 12.5% probability that a randomly selected person aged 35 years or...
1. Suppose there is a 12.5% probability that a randomly selected person aged 35 years or older is a smoker. In​ addition, there is a 11.9% probability that a randomly selected person aged 35 years or older is female, given that he or she smokes. What is the probability that a randomly selected person aged 35 years or older is female and smokes? 2. For the month of May in a certain​ city, 71​% of the days are cloudy. Also...
What is the probability of picking 3 white balls in 5 picks from a bag containing...
What is the probability of picking 3 white balls in 5 picks from a bag containing 6 white balls and 4 red balls? Assume you do NOT replace the ball after each pick. a) P(XB=5; n=10, p=0.5) b) P(XNB=5; r=3, p=0.6) c) P(XHG=3; N=10, r = 6, n=5) d) P(XB=3; n=5, p=0.6)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT