Question

In: Statistics and Probability

We discussed towards the end of last class (01-11-18) a Poisson problem. This an adaptation of...

We discussed towards the end of last class (01-11-18) a Poisson problem. This an adaptation of that problem. There is evidence that suggests that one in 200 carry a defective gene that is implicated in colon cancer. In a sample of 1000 individual, a. What is the probability that none of them would have the noted defective gene? b. What is the probability that between 4 and 7 (both inclusive) will carry the defective gene? c. What is the probability that at least 8 carry the defective gene? Notes: First establish that one can use Poisson distribution model, and use Excel or web-published probability tables.

Solutions

Expert Solution

Solution: We are given that a defective gene follows the Poisson distribution with mean defective  . We can approximate the Poisson distribution model to binomial distribution model as where n=1000, p=0.005.

Then the mean number of defectve items are

Now we can use poisson idtribution model with mean defective = 5

Let x be the number of defective gene's carried by any individual, then

We can use the Excel to find the mentioned probabilities:

a. What is the probability that none of them would have the noted defective gene?

Answer: We will use the Excel function =POISSON(0,5,FALSE) to find the probability that none of them would have the noted defective gene. The excel outputs are given below:

x P(x)
0
0.006738

Where x is number of defective gene's carried by an individual and P(x) is the probability that none of them would have the noted defective gene.

b. What is the probability that between 4 and 7 (both inclusive) will carry the defective gene?

Answer: We will use the Excel function POISSON to find the probability that between 4 and 7 (both inclusive) will carry the defective gene. The excel outputs are given below:

Therefore the probability that between 4 and 7 (both inclusive) will carry the defective gene is 0.6016

c. What is the probability that at least 8 carry the defective gene?

Answer: We have to find here . It can also be written as . Therefore we will use the Excel function =1- POISSON(7,5,True) to find the probability that at least 8 carry the defective gene. The excel outputs are given below:

Therefore the probability that at least 8 carry the defective gene is 0.1334.


Related Solutions

Answer the following key problem about Production Costs, which we discussed in class: The following table...
Answer the following key problem about Production Costs, which we discussed in class: The following table represents the cost schedule, in dollars, for our college softball team uniforms: Q TFC TVC TC AFC AVC ATC MC 0 $100 $0 - - - - 1 90 2 170 3 240 4 300 5 370 6 450 7 540 8 650 9 780 10 930 A) Fill in the rest of the table. B) Plot TFC, TVC, and TC together on the...
In class, we discussed the fact that “Mortgages are bonds and bonds are mortgages”. Thus, we...
In class, we discussed the fact that “Mortgages are bonds and bonds are mortgages”. Thus, we can use the basics of bond pricing and yield to maturity to evaluate across lending options in mortgages. Assume you have two mortgage home loans to choose from: a. $400,000 @ 4.5% (with monthly compounding) for 30 years with $20,000 in finance fees (aka: points) b. $400,000 @ 6.5% (with monthly compounding) for 15 years with no finance fees (aka: points) Further assume both...
Answer the following problem about Behavioral Economics that we discussed in class: New-classical Economics Behavioral Economics...
Answer the following problem about Behavioral Economics that we discussed in class: New-classical Economics Behavioral Economics Rationality Stability of Preferences Capability for making mental calculations Ability to assess future options and possibilities Strength of willpower Degree of selfishness Fairness 1. Using your own words, fill in the table for new classical economics column. 2. Using your own words, now fill in the table for the behavioral economics column. 3. Give an example of how you and/or a friend fight self-control...
At the end of the semester we discussed DNA damage and repair systems. Then we read...
At the end of the semester we discussed DNA damage and repair systems. Then we read some papers on gene editing tools because these tools depend on DNA repair mechanisms in the cell to complete the editing process. For one of the three major editing tools, ZNFs (Zinc finger nucleases), TALENS (transcription activator-like effector nucleases) or CRISPR Cas9 answer the following:      i. What are the components of the gene editing system? (2 pts)            (type answer here)     ii....
Write in Java! (Not Javascript) Consider the LinkedList class we discussed in class (see the slides...
Write in Java! (Not Javascript) Consider the LinkedList class we discussed in class (see the slides for lecture 8). Add the following methods to the class and submit the completed LinkedList class. int size() which returns the size of the linked list Link getElementByIndex(int index) which returns the Link/node specified by the index. For example, getElementByIndex(0) should return the first Link, getElementByIndex(2) should return the third Link. If index is not in range, your method should return null. boolean hasDuplicate()...
Cash flows is one of the hardest chapters (topics) in this class. We cover this towards...
Cash flows is one of the hardest chapters (topics) in this class. We cover this towards the end of the class after you obtain some accounting knowledge. If you have read the chapter or attempted some of the homework, you will know its complexity. Your textbook goes into detail on how to prepare as a Statement of Cash Flows, so please consider it to answer the following questions: What is the main purpose for preparing a cash flow statement? What...
In class, we discussed problems associated with the supply of physicians in Alabama, and how these...
In class, we discussed problems associated with the supply of physicians in Alabama, and how these problems affect the health care market in Alabama. Your textbook also reviews the physician supply in the USA. The demand for physicians has been much greater than the supply, especially primary care physicians in rural areas of Alabama. What are three of the problems we discussed with the supply of physicians and what are three solutions that would help to overcome the supply problem?...
In class we discussed the Molex case, where there was an issue around the lack of...
In class we discussed the Molex case, where there was an issue around the lack of information on the representation letter that was deemed to be unacceptable by the external auditors.    This situation caused the external auditors to be removed and the CEO and CFO to be replaced.    Please answer the following three (3) questions: Why is it important for management to include all relevant accounting, control, and other significant business matters in the representation letter? Why is the representation letter important...
In class, we discussed different ways to calculate the return or yield on a money market...
In class, we discussed different ways to calculate the return or yield on a money market financial instrument. We started with Holding Period Return (simple interest) and worked through Bank Discount Yield, Money Market 360-day Yield, Money Market 365-day Yield, and APY. (Formulae provided, below.) We showed that using the same inputs for current price and maturity value, you could get different answers for each quotation method. Explain the three issues behind why the quotation methods yield different results.            ...
Select a specific real-world firm or market that we have not discussed in class or the...
Select a specific real-world firm or market that we have not discussed in class or the textbook and discuss which model of market structure you think would be most appropriate to describe that market. (ie. Perfect competition, monopolistic competition, oligopoly, monopoly.) Real world markets never exactly meet the assumptions of the models, so you can also talk about what aspects of the real-world market may not fit the model what aspects are not well described by the model selected. You...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT