Question

In: Statistics and Probability

The best-selling basketball sneaker of all time is the converse 8220 chuck taylor 8221 all star....

The best-selling basketball sneaker of all time is the converse 8220 chuck taylor 8221 all star. suppose chuck taylor 8221's are sold in holabird sports and are available in sizes from 7 to 13. the size purchased is a random variable with probability distribution given in the table below.

x - 7, 8, 9,10,11,12,13

p(x) - 0.05, 0.08, 0.10, 0.14, 0.28, 0.21, 0.14

a. find the mean, variable, and standard deviation of the sneaker size purchased.

b. find the probability that a random selected customer buys a pair of these sneakers with size greater than one standard deviation to the right of the mean.

c. suppose three randomly selected customers each purchase a pair of these sneakers. what is the probability that exactly two of the three buy size 11 sneakers?

Solutions

Expert Solution

a)

X P(X) X*P(X) X² * P(X)
7 0.05 0.35 2.45
8 0.08 0.64 5.12
9 0.10 0.90 8.10
10 0.14 1.40 14.00
11 0.28 3.08 33.88
12 0.21 2.52 30.24
13 0.14 1.82 23.66
P(X) X*P(X) X² * P(X)
total sum = 1 10.71 117.45

mean = E[X] = Σx*P(X) =            10.7100
          
E [ X² ] = ΣX² * P(X) =            117.4500
          
variance = E[ X² ] - (E[ X ])² =            2.7459
          
std dev = √(variance) =            1.6571

b)

P(X>µ+σ) = P(X>12.37)=P(X=13) = 0.14

c)

n=3

p=0.28

P ( X =    2   ) = C(3,2) * 0.28^2 * (1-0.28)^1 =            0.1693


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