. A company produces lightbulbs whose life follows a normal distribution, with mean 1200 hours and standard deviation 250 hours. If we choose a lightbulb at random, what is the probability that its lifetime will be between 900 and 1300 hours?

Q: A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this…

A: A company invests in selling computers unit worth Php 32000 The probability of maintaining this…

Q: Question 16 Suppose a firm hires a new worker, Jens H. Because the firm knows Jens H. can work hard…

A: The correct answer is given in the second step.

Q: 24. Autos arrive at a tollbooth located at the entrance to a bridge at the rate of 50 per minute he…

A: *Answer:

Q: using 'standard Normal Table ' , calculate the following probabilities. 1. Pr(z 2.32) 3.pr(1.22…

A: The standard normal distribution (z distribution) is a normal distribution with a mean of 0 and a…

Q: Diego's current wealth is $800, but there is a 0.2 probability that he will lose $100. Diego is risk…

A: Given; Current wealth= $800 Probability of losing $100= 0.2 Diego is a risk neutral person.

Q: When a pair of dice is tossed, the results may be any whole number from 2 through 12. In the game of…

A: Probability is a measure of the likelihood that a state of nature will occur. It can be objective or…

Q: A statistics professor plans classes so carefully that the lengths of her classes are uniformly…

A: The provided information are: Maximum value (b) = 59 Minimum value (a) = 49 Consider X be the random…

Q: An art dealer owns a painting worth $1,600,000, and this dealer has an expected utility function…

A: The highest price a person is willing to pay for insurance is the price at which a person is…

Q: Suppose Don's wants to invest to build a condominium tower in Moscow. If he can get his friend Vlad…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, I will be…

Q: What do we call the probability of a Type I error?

A: While performing a test significance hypothesis, an individual should take care of the results…

Q: Using the normal table or software, find the value of z that makes the following probabilities true.…

A: * SOLUTION :-  * The   OPTION E  is correct answer.

Q: Question 2   A potential criminal enjoys a gain of g > 0 from committing an illegal act. If the…

A: Qe are going to use expectation principle and bayesian probabilty to answer this question.

Q: 18. Arrows An Olympic archer is able to hit the bull's-eye 80% of the time. Assume each shot is…

A: The term “probability” is defined as the measure of the likelihood that a state of nature will…

Q: Consider Bob's decision problem:   Sunny Cloudy Rainy Beach 2 3 2 Park 3 3 2 Mall -1 1 x   Suppose…

A: An expected utility maximiser may be a theoretical agent that examines its actions, calculates the…

Q: opening 2018 World Cup odds against being the winning team specified by espn.com were 9/2 for…

A: It is known that the formula to compute the odds for the winning team is: Odds against =Number of…

Q: Suppose that a family has 4 children. Also, suppose that the probability of having a boy is Find the…

A: Here we calculate the probability having boy in a family so calculation of the following as follow-

Q: Assume the likelihood that any flight on Delta Airlines arrives within 15 minutes of the scheduled…

A:

Q: Suppose the market for auto insurance is made of up two types of buyers: high-risk and low-risk.…

A: The willingness to pay refers to the highest price the buyer will willingly pay. The willingness to…

Q: There are 100 producers of webcams. Fifty of them are bad manufacturers who make unreliable webcams,…

A: The anticipated average value for some investment at some point in the future is given by the…

Q: 3. A salesman who frequently drives from Muscat to Sohar finds that his driving time is a random…

A: Given: Mean = 4.3 Standard deviation = 0.2

Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…

A: It is given that when a farmer uses the pesticides, he expects a crop of 60,000 bushels and when not…

Q: ime remaining: 01 :51 :45 Economics A dealer decides to sell an antique automobile by means of an…

A: Since, the reservation price of the dealer is $900, therefore, he will only accept bids above the…

Q: Deborah is at the casino and is considering playing Roulette. In Roulette, a ball drops into one of…

A: In economics, risk refers to the possibility of an unfavorable outcome. People are generally…

Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…

A: Without pesticides,profit Profit=total revenue-total cost Total revenue=50000*10=500000 Total…

Q: Deborah Mitz buys Breathalyzer test sets for the Police Department. The quality of the test sets…

A: Given:

Q: Anticipated consumer demand in a restaurant for free-range steaks next month can be modeled by a…

A: Let X=demand X~N(μ,σ2)Given μ=1200 poundsσ=100 pounds

Q: a. A company produces lightbulbs whose life follows a normal distribution, with mean 1200 hours and…

A: a. Given:- Mean=1200 hours Standard deviation=250 hours To calculate:- Probability that lifetime…

Q: Prospect X ($14, 0.5; $18, 0.5) Prospect Z ($A, 0.5; $24, 0.5) You know that Prospect Z is a mean…

A: Given that Prospect Z is a mean preserving spread of Prospect X. Thus the expected values of Z and X…

Q: 6. Two copies of a contract were mailed to Los Angeles. One was sent Air Mail; the other First…

A: Given information:Probability of air mail letter arriving in 2 days is P (A) = 0.65    Probability…

Q: 1 Los Angeles averages  266.5 sunny days per year.     What is probability that Boston has at least…

A: * SOLUTION :-  (21)   Based on the given information the calculation as follows.

Q: A university found that 30% of its students withdraw without completing the introductory statistics…

A: Hi! thanks for the question but as per the guidelines, we can answer up to 3 subparts at one time.…

Q: A manufacturer of cotter pins knows that 5% of his product is defective. If he sells cotter pins in…

A:

Q: The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors…

A: x f(x) 0 0.001 1 0.007 2 0.034 3 0.099 4 0.188 5   6 0.22 7 0.136 8 0.055 9…

Q: At races, your horse, White Rum, has a probability of 1/20 of coming 1st, 1/10 of coming 2nd and a…

A: The probability of coming 1st = 1/20 , The probability of coming 2nd = 1/10  The probability of…

Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…

A: Using pesticides would ensure more profitability to farmer because he would sell 10000 extra bushels…

Q: 6 Company "X Star" supplies electronic devices. Probability of purchasing a defective device is 0.3.…

A: As there are fixed number of trials and probability of each and every trial is same and independent…

Q: A production manager knows that 5% of components produced by a particular manufacturing process have…

A: Binomial distribution is used where there are only two outcomes and the trials are independent. The…

Q: On Monday's there are eight classes taught in the business building. The probability that any of…

A:

Q: An investment of $10,000 generates a return of $4,000 in a bull market or a return of -$1,500 in a…

A: We have given that Return  probability  4000 0.4 -1500 0.6

Q: 3. The number of major snowstorms that shut down business, X, has the following probability mass…

A:

Q: What is the probability of getting a king if a card is drawn from a pack of 52 cards?

A: Given: Number of cards in a deck = 52 Number of Kings in a deck of a card =4

Q: 5.100 Tossing a die. You are tossing a balanced die that has probability 1/6 of coming up 1 on each…

A: The probability of coming up 1 on each toss is (probability of success), p=1/6 The number of tosses…

Q: In the final round of a TV game show, contestants have a chance to increase their current winnings…

A: There is a half-half probability of a contestant guessing the answer right and increasing their…

Q: Early in August an undergraduate college discovers that it can accommodate a few extra students.…

A: The binomial distribution is used when there are only two outcomes and the probability of success is…

Q:  Time remaining: 01 :53 :32 Economics A dealer decides to sell an antique automobile by means of an…

A: Expected Revenue = 1/3 x (7200 + 3600) - 900 = 3600 - 900 = 2500 Therefore, the expected revenue is…

Q: Industry standards suggest that 12 percent of new vehicles require warranty service within the first…

A: This is a binomial distribution problem where n= 10 p= 0.12 q= 1-0.12= 0.88 x= 1

Q: QUESTION 4 The average number of miles driven each day by a group of drivers is 20.7 miles with a…

A: Given: Population meanμ=20.7Population standard deviationσ=6.5Sample size(n)=50

Q: You work at a mechanic shop.  On average, 10 cars come into your shop each day.  Assuming a poisson…

A: Poisson Distribution: Where e = Euler's constant = 2.71828 λ = mean number of occurrences in the…