1. A recent survey of banks revealed the following distribution for the interest rate being charged on a home loan (based on a 30-year mortgage with a 10% down payment). Interest Rate 7.0% 7.5% 8.0% 8.5% > 8.5% Probability 0.12 0.23 0.24 0.35 0.06 If a bank is selected at random from this distribution, what is the chance that the interest rate charged on a home loan will exceed 8.0%?

Q: Given the following probability distribution:      X      P(X)      10    0.1      20    0.4      30…

A: Given data and calculation for the expected value is shown

Q: Is the following a Probability Distribution? 1 2 3 P(X=x) 0.45 0.35 0.28 -0.12

A: Conditions for valid probability functions are: 0<=P(X)<=1 Sum of the probabilities is equal…

Q: b) Consider the following information: Rate of Return Stock Blue 45 State Probability of Event Stock…

A: Given: See the given table

Q: Examine the following probability distribution: X 5 1 0 15 20 25 30 35 40 45 50 P(x) 0.01 0.05 0.14…

A: Given data:

Q: TABLE 4.5 In a telephone survey of 1000 adults, respondents were asked their opinion about the cost…

A:

Q: Which of the following situations will result in probability or non-probability sampling? 1.…

A: Probability sampling: Probability sampling techniques are based on a random selection where each and…

Q: a) You are considering a sales job that pays you on a commission basis or a salaried position that…

A: Expected value is given by, E(X)= ΣXi*p(xi) Expected value for commission Insurance Agent, E(X1)=…

Q: The demand for a product of Carolina Industries varies greatly from month to month. The probability…

A:

Q: Given the following probability distribution:      X      P(X)      10    0.3      20    0.1…

A:

Q: An accounting office has 6 incoming telephone lines. The probability distribution of the number of…

A: Solution: 28. The given probability distribution of the number of busy lines. X, is

Q: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 0.20 13…

A:

Q: Complete the following probability distribution table: Probability Distribution Table X P(X)…

A: Let, P(X = -16) = q Since, the sum of the probabilities of a probability distribution is, 1,

Q: Suppose a risk S has the probability distribution shown in the table below. Calculate the…

A: Given, Suppose a risk S has the probability distribution shown in the table below:   x 100…

Q: 3. The number of suits sold per day at a department store is shown in the table, with the…

A: The mean of a discrete random variable X is denoted μx or, when no confusion will arise, simply μ.…

Q: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 18 0.04…

A: Given that : Outcome P(Outcome) 18 0.04 1 0.14 23 0.11 31 0.20 25 0.20 34 0.31

Q: The following probability distribution displays the typical number of vacations taken by Canadian…

A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are…

Q: Is the following a valid probability distribution? Why or why not? X 0 1 2 3 4 P(X) .18 .3 .03 .2…

A: X 0 1 2 3 4 P(X) .18 .3 .03 .2 .29

Q: The table describes (approximately) the distribution of students by gender and college at a…

A: Thank you for the question. Since multiple subparts are posted, according to our policy, we are…

Q: Following is the probability distribution for age of a student at a certain public high school. 13…

A:

Q: 1) Determine if the following data correspond to a probability distribution. If not explain whi-+ ww…

A: Conditions for discrete probability distribution: The following requirements should be satisfied for…

Q: 1. The Sports Associates Vending Company supplies refreshments at a baseball stadium and must plan…

A: X Frequency 4 13 5 22 6 20 7 34

Q: Following Is the probability distribution for age of a student at a certain public high school. 13…

A: Solution

Q: 1.4) A local bottling company has determined the number of machine breakdowns per month and their…

A:

Q: Given the following probability distribution, Find P(x=2) X 1 2 3 P(x=x) 0.2 0.05 P(x=2)= 4 0.2 5…

A:

Q: Can the following table be a probability distribution? xx P(x)P(x) 1 0.3752 2 0.0278 3 0.2274 4…

A: The table is, x P(x) 1 0.3752 2 0.0278 3 0.2274 4 0.2344 5 0.1352

Q: 1) a. The number of mobile phones made by Finland has the following probability distribution: 20 2 +…

A: It is been asked to find expected number and standard deviation of mobile phones made by Finland and…

Q: 1)- The marketing director for a small manufacturer of personal computers (PCs)'believes that the…

A: We know that, Mean =(summation Yi*p(y)) And Variance=E(Y2)-mean2  Where E(Y2)= (summation Yi2*p(y))…

Q: the following probability distribution, what is the expected value (or mean)of X?…

A: To find the expected value (or mean)of X for the given probability distribution…

Q: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 4 0.13…

A:

Q: 3. The number of adults living in homes on a randomly selected city block is described by the…

A:

Q: Following is the probability distribution for age of a student at a certain public high school. 13…

A: Given n=6

Q: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 11 0.11…

A: The probability distribution. We have to find the expected value.

Q: 1. The table shows the probabilities for the number of bets that must be placed in order to win in a…

A:

Q: Consider the following probability distribution: 0. 1 4 p(x) 1/3 /3 1 /3

A:

Q: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 9…

A: Expected value: The expected value of a random variable is the sum of the possible values that the…

Q: Better Business Bureau Complaints. In 2016 the Better Business Bureau settled 80% of complaints they…

A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…

Q: . Calculate the expected value. $_____ b. How much should the company charge as an average premium…

A: Given: The table showing the probabilities for an insurance company. Amount of claim  (x)…

Q: ) Whats is the probability of the ambulance service handling less than 0 service calls in one…

A: Here use given probability distribution of service call

Q: 3. Number of monthly absences of Juan Dela Cruz based on his previous records of absences as…

A: Expected value :  Expected value is that the value that AN investment is foreseen to own at a while…

Q: 2. By reviewing statistics Canada's website, the following table indicates the number of children…

A:

Q: Given the following probability what is the expected value ? distribution outcomeP(outcome) 38 O. 16…

A: Answers are:   Question 1:  38*0.16 + 17*0.09 + 3*0.18 +20*0.25 + 15*0.19 + 2*0.13 =  14.36

Q: The following represents the probability distribution for the daily demand of computers at a local…

A: Let X be the number of demand having probability mass function is,  Demand (X)  probability P(x)…

Q: Consider the following probability distribution: X P(X) 1 0.1 2 ? 3 0.2 4 0.3   What…

A: Assume the probability value for X=2 is 0.4, because the total probability is 1. That is,…

Q: An actuary is analyzing the lapse experience of his company's whole life product. The tabulated…

A:

Q: 6) Given the following probability distribution, what is the expected value (or mean) of X?  Round…

A: Given data and calculation for expected value is shown below

Q: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 11…

A: Outcome (xi) P(Outcome) (pi) 11 0.11 4 0.15 5 0.14 14 0.13 3 0.47

Q: 3. Number of monthly absences of Juan Dela Cruz based on his previous records of absences as…

A: Let X be the random variable having probability mass function is,  Number of absence (X)  percent…

Q: Which of the following situations will result in probability or non-probability sampling?…

A: 1. results : Probability Sampling Selecting every fourth person from a busy road is an example of…

Q: I NEED QUESTION "D' ANSWERED. The budgeting process for a midwestern college resulted in expense…

A: (b) The expected value for the expense forecast for coming year is obtained below: The probability…