In the accompanying table, the random variable x represents the number of televisions in a household in a certain country. Determine whether or not the table is a probability distribution. If it is a probability distribution, find its mean and standard deviation. LOADING... Click the icon to view the data. If the table is a probability distribution, what is its mean? Select the correct choice below and fill in any answer boxes within your choice. A. Its mean is nothing. (Round to the nearest tenth as needed.) B. The table is not a probability distribution. If the table is a probability distribution, what is its standard deviation? Select the correct choice below and fill in any answer boxes within your choice. A. Its standard deviation is nothing. (Round to the nearest tenth as needed.) B. The table is not a probability distribution.
In: Statistics and Probability
Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $300,000 are allocated on the basis of budgeted maintenance-hours. Personnel Department costs of $100,000 are allocated based on the number of employees. The costs of operating departments A and B are $160,000 and $240,000, respectively. Data on budgeted maintenance-hours and number of employees are as follows:
|
Support Departments |
Production Departments |
||||
|
Maintenance Department |
Personnel Department |
A |
B |
||
|
Budgeted costs |
$300,000 |
$100,000 |
$160,000 |
$240,000 |
|
|
Budgeted maintenance-hours |
NA |
800 |
1,200 |
600 |
|
|
Number of employees |
50 |
NA |
200 |
600 |
|
4) Using the direct method, what amount of Maintenance Department costs will be allocated to Department B?
A) $96,000
*B) $100,000
C) $110,000
D) $122,000
5) Using the direct method, what amount of Personnel Department costs will be allocated to Department B? $75,000
6) Using the step-down method, what amount of Maintenance Department cost will be allocated to Department B if the service department with the highest percentage of interdepartmental support service is allocated first? (Round up)
A) $84,143
B) $69,231
C) $66,734
D) $71,443
7) Using the direct method, what amount of Maintenance Department costs will be allocated to Department A?
8) Using the direct method, what amount of Personnel Department costs will be allocated to Department A?
A) $25,000
B) $28,000
C) $30,000
D) $20,000
9) Using the step-down method, what amount of Maintenance Department cost will be allocated to Department A if the service department with the highest percentage of interdepartmental support service is allocated first? (Round up)
In: Accounting
The parking authority in downtown Halifax reported the following information for a sample of 270 customers on the number of hours cars are parked and the amount they are charged:
| Number of Hours | Frequency | Amount Charged |
| 1 | 19 | $3 |
| 2 | 44 | 6 |
| 3 | 64 | 9 |
| 4 | 48 | 12 |
| 5 | 38 | 14 |
| 6 | 16 | 16 |
| 7 | 7 | 18 |
| 8 | 34 | 20 |
| Total | 270 | |
a-1. Convert the information on the number of hours parked to a probability distribution. (Round the final answers to 3 decimal places.)
| Hours | Probability |
| 1 | |
| 2 | |
| 3 | |
| 4 | |
| 5 | |
| 6 | |
| 7 | |
| 8 | |
a-2. Is this a discrete or a continuous probability distribution?
(Click to select)DiscreteContinuous
b-1. Find the mean and the standard deviation of the number of hours parked. (Round the final answers to 3 decimal places.)
Mean
Standard deviation
b-2. How would you answer the question, how long is a typical customer parked? (Round the final answer to 3 decimal places.)
The typical customer is parked for hours.
c. Find the mean and standard deviation of the amount charged. (Round the final answers to 2 decimal places.)
Mean
Standard deviation
In: Statistics and Probability
The parking authority in downtown Halifax reported the following information for a sample of 240 customers on the number of hours cars are parked and the amount they are charged: Number of Hours Frequency Amount Charged 1 23 $2 2 41 4 3 54 6 4 41 8 5 38 10 6 11 14 7 6 18 8 26 20 Total 240 a-1. Convert the information on the number of hours parked to a probability distribution. (Round the final answers to 3 decimal places.) Hours Probability 1 2 3 4 5 6 7 8 a-2. Is this a discrete or a continuous probability distribution? b-1. Find the mean and the standard deviation of the number of hours parked. (Round the final answers to 3 decimal places.) Mean Standard deviation b-2. How would you answer the question, how long is a typical customer parked? (Round the final answer to 3 decimal places.) The typical customer is parked for hours. c. Find the mean and standard deviation of the amount charged. (Round the final answers to 2 decimal places.) Mean Standard deviation
In: Statistics and Probability
Use number 3 to solve for number 4
3.) The order data for Nano cars Inc. for the last 200 months is as follows: 40 months got 40 orders, 50 months got 60 orders, 35 months got 70 orders, 30 months got 105 orders, 25 months got 120 orders, and 20 months got 155 orders. (10 Points)
4. Suppose that it costs $50,000 per month to run the operations of the business in problem # 3 and that the selling price of the car is $25,000. Let Y represent a random variable that represents the monthly profit of the Auto Company. (10 points)
In: Statistics and Probability
Shipments of television set arrive at a factory have varying levels of quality. In order to decide whether to accept a particular shipment, inspectors randomly select a sample of 10 television sets and test them; if no more than one television set in the sample is defective, the shipment is accepted. Suppose a very large shipment arrives in which 2% of the television sets are defective.
Let X be a random variable representing the number of defective television set in the random sample of 10.
In: Statistics and Probability
Refer to the accompanying technology display. The probabilities in the display were obtained using the values of n equals 5 and p equals 0.759. In a clinical test of a drug, 75.9% of the subjects treated with 10 mg of the drug experienced headaches. In each case, assume that 5 subjects are randomly selected and treated with 10 mg of the drug. Find the probability that more than one subject experiences headaches. Is it reasonable to expect that more than one subject will experience headaches?
0 0.0008
1. 0.0128
2. 0.0806
3. 0.2540
4. 0.3999
5. 0.2519
The probability that more than one subject experiences headaches is ________ ?
The probability that more than one subject experiences headaches is Is it reasonable to expect that more than one subject will experience headaches?
Yes: because the event that the number of subjects that experience headaches is less than or equal to one is not unlikely. No, because the event that the number of subjects that experience headaches is less than or equal to one is not unlikely. Yes: because the event that the number of subjects that experience headaches is less than or equal to one is unlikely. No, because the event that the number of subjects that experience headaches is less than or equal to one is unlikely.
In: Statistics and Probability
|
Challenge: pV work 2 Consider a container with a frictionless piston that contains a given amount of CO2. Assume that the behavior of this gas can be described by the van der Waals equation of state. For carbon dioxide gas (CO2), the constants in the van der Waals equation are a=0.364J⋅m3/mol2 and b=4.27×10−5m3/mol. Let’s assume that initially the external pressure is 2.20 bar, which is the sum of a 1 bar atmospheric pressure and the pressure created by a very large number of very small pebbles that rest on top of the piston. The initial volume of gas is 0.2 L and the initial temperature is 25°C. Now, you will increase the volume of the gas by changing the external pressure slowly in a way that guarantees that the temperature of the system remains constant throughout the process. To do this, imagine you remove the pebbles one by one slowly to increase the volume by an infinitesimal amount. Every time you remove a weight you allow the system to equilibrate. Your cylinder is immersed in a water bath at 25°C, which keeps your gas at the same temperature throughout the whole process. Remember to use three significant figures for all numerical answers. The margin of error for each numerical answer is 1%. To avoid rounding errors use the unrounded intermediate values in your final calculations. Note: You may find an equation to solve this problem in a textbook or online, but the goal of this challenge is that you think through the problem and come up with the equation on your own. This problem requires basic calculus, so be ready to integrate! |
Part A What is the volume of the gas when you remove all pebbles?
SubmitMy AnswersGive Up Part B What is the final pressure of the gas?
SubmitMy AnswersGive Up Part C Now consider the work performed by the sytem. What is the sign of w? Now consider the work performed by the sytem. What is the sign of w?
SubmitMy AnswersGive Up Part D What is the value of w?
SubmitMy AnswersGive Up |
In: Chemistry
Assume a 222 byte memory:
a. What are the lowest and highest addresses if memory is byte-addressable?
b. What are the lowest and highest addresses if memory is word-addressable, assuming a 16-bit word?
c. What are the lowest and highest addresses if memory is word-addressable, assuming a 32-bit word?
Explain with Steps please
In: Computer Science
Problem Set I
1) Rick’s Toy Store faces the following probability distribution of fire losses in its store over the next year:
|
Probability |
0.50 |
0.40 |
0.10 |
|
Loss |
$0 |
$20,000 |
$70,000 |
Calculate the expected value and standard deviation of Rick’s losses for the year.
Assume that Rick pools his losses with Mark’s store, which has an identical loss distribution. Mark’s losses are independent of Rick’s. Rick and Mark agree to split the total losses in the pool equally. Show the revised probability distribution for the mean loss from the pool.
Calculate the expected value and standard deviation of the pooled mean losses
2) Maria is analyzing the workers’ compensation (WC) losses of the employees in the firm that occurred over a one-year period, based on the following data:
|
Number of WC Claims Filled/Worker |
Number of Workers |
Total Number of Claims |
|
0 |
500 |
0 |
|
1 |
270 |
270 |
|
2 |
50 |
100 |
Use the information in the table to find the average frequency of losses per worker.
Use the information in the table to estimate a probability distribution for the frequency distribution of losses per worker in a year.
3) You are given the following table:
|
Range of Loss Amount |
Midpoint Dollar Amount of Loss |
Number of Losses |
Total $ Amt. of Losses |
|
$1-2,000 |
$1,000 |
300 |
$300,000 |
|
$2,000-10,000 |
$6,000 |
15 |
$90,000 |
|
Greater than $12,000 |
NA |
0 |
0 |
Use the information in the table to find the average severity per claim
Use the information in the table to estimate a probability distribution for the loss severity per claim.
Using your answers from question 3, part (a) and question 2, part( b), use convolution to find the average loss.
In: Statistics and Probability