A startup company selling a board game must decide on the number of products to produce. A board game costs  to make and is to be sold for  Unsold games are worthless. The company estimates that the probability distribution for their product is as follows: Amount Demanded       Probability       (a). Calculate the company’s expected profit if it produces  board games.

Q: Problem 1. In building an arena, steel bars with mean ultimate tensile strength of 400 Megapascal (P...

A:

Q: 3. Let A be the event that a randomly selected college student has taken a statistics course, and le...

A: Solution (3) Herer two different question I am solving second question

Q: It is known that P(A) = 0.7, P(B) = 0.4 and P(A and B) = 0.24. Which of the following is true?     a...

A:

Q: The table shows a sample of the maximum capacity (maximum number of spectators) of sports stadiums. ...

A: Given that  The data are 40000, 49133, 51500, 52692, 55000, 59680, 62872, 66161, 70585, 75025

Q: What is the standard deviation for a binomial distribution with p = 0.6 and n = 42? Report your answ...

A:

Q: Imagine that a candidate received 17% of votes, with a margin of error of ±4%. The point estimate is...

A: We have given that p = 17% Margin of error (E) = 4% 

Q: the probability that a bird will lay an egg is 75%, the probability that the egg will hatch is 50%, ...

A: Given that  The probability that bird will lay an egg = 75% ;  P(Egg) =  0.75 The probability that e...

Q: The amount of money raised by Clayton State teams for the Statistics Games is normally distributed, ...

A: Given,mean(μ)=$360standard deviation(σ)=$15and data value(X)=$396

Q: The amount of sodium sulfate, in mg, found in the bottled water follows a normal distribution with a...

A:

Q: Find the standard deviation from the following data : Age under No. of persons dying : : 10 20 30 40...

A:

Q: Calculate Median, Q1, Q3 and IQR, sample mean, sample variance, and sample standard deviation for th...

A: Given: data 48, 92, 47, 44, 94, 18, 95, 67, 74, 64

Q: From the following data compute the value of harmonic mean : Marks 10 20 25 40 No. of students 50 20...

A:

Q: Suppose Kristen is researching failures in the restaurant business. In the city where she lives, the...

A:

Q: (a) Calculate the median of X. (b) Note: No need to show the second derivative. Calculate the mode o...

A:

Q: Calculate the probability that at most 2 bottles do not meet the company’s                          ...

A: Let X denotes the number of bottles that do not meet the company’s standards. Let p be the probabili...

Q: A bottled water company has found in the past that 2% of their bottled water does not meet the compa...

A: Given that  Number of trials n=12 Success of probability p =0.02

Q: The mean and standard deviation of 200 items are found to be 60 and 20 respectively. If at the time ...

A: The mean for the dataset is calculated by dividing the sum of all data points, with the number of da...

Q: Find the standard deviation from the following data : ge under lo. of persons dying : : 10 20 30 40 ...

A:

Q: Sex (with categories male/female/diverse), the weight in kg and the orted for six randomly selected ...

A: Since there multiple questions first question is answered in detail. Kindly repost for more help 

Q: The following information was obtained from the records of a factory relating to the wages. Arithmet...

A:

Q: A customer is chosen at random. Find the probability that the customer uses the company more than fi...

A:

Q: d) Suppose Trevor must leave at or before 7:30 to be on time for work. If Trevor leaves as soon as h...

A: HERE GIVEN  PMF  OF X X = no. of minute trevor takes to leave for work 

Q: In how many ways can we distribute 10 indistinguishable oranges and 1 tangerine among 3 children suc...

A:

Q: This is a distribution of how much money was spent per week for a random sample of college students....

A: Here given : Mean : 31.53 Median : 30 Standard deviation = 21.60 Range : 132.50 We have to choose ri...

Q: Find the area: (a) between 2.25 and -1.25 (b) between -2.38 and -1.28

A:

Q: To earn full credit for this question, use your own sheet of paper to solve the problem, showing all...

A:

Q: All the possible random samples of size n = 5 are selected from a population with  and  and the mean...

A:

Q: Why is it useful to know the standard error of the mean? (Choose all that are correct.) It is provi...

A: here we know that Standard error is the standard deviation of its sampling distribution. or an estim...

Q: Example 2-5. Obtain the median for the following frequency distribution: x : f : 1 2 3 11 4 5 6 7 8 ...

A:

Q: The data below are the final exam scores of  10 randomly selected statistics students and the number...

A:

Q: In 2014 the NY Yankees had a team batting average of u-245 (actually .245 but we'll multiply by f000...

A:

Q: Construct a pie graph for the relative frequency

A: Here total angle covered by pie chart = 360 So find respective angle for each class using relative f...

Q: For a normal distribution with a mean of 371 and 28, what is the z-score that marks off scores below...

A:

Q: Example 8.17 (Public Opinion Polling) We would like to estimate the portion of people who plan to vo...

A:

Q: To complete health care claims, medical insurance specialists work constantly with numbers-billing s...

A: Diligent verification of available resources in the medical office is critical in any related resear...

Q: For a group containing 100 observations, the arithmetic mean and standard deviation are 8 and v10.5....

A: 100 observations : Mean = 8, standard deviation = sqrt(10.5) Now for 50 observations : Mean=10 and S...

Q: We are interested in the number of years students in a particular elementary statistics class have l...

A: Given, Number of years Frequency 7 9 14 9 16 15 20 2 21 5 32 1

Q: The Canine Gourmet Company produces delicious dog treats for canines with discriminating tastes. Man...

A: Solution: Given information: X= 42  Process average R = 6  Process  average range  n= 8 sample size ...

Q: age normally distributed

A: Solution

Q: Calculate the first four moments about the mean for the follow- ing data. f Scores 5 10 15 20 25 30 ...

A:

Q: Based on information from a previous study, r1 = 34 people out of a random sample of n1 = 105 adult ...

A: Given  r1=34, n1=105, r2=50, n2=105  p1^=r1/n1  p2^=r2/n2     

Q: What is the correlation coefficient (r) between BAC and number of beers?

A: The regression equation is y = 0.018x – 0.0127, where y defines the limit of Blood Alcohol Content a...

Q: using the scale box - and whisker plot for eaxh of the two data set  replacing the second plot below...

A: Given   

Q: Let f be a GPD density function with paramters & and B such that -(-+1) f(x) = B¬1 (1+ where 6 > 0. ...

A: From the given information,  

Q: 35. Here is a boxplot of the number of Atlantic storms (hurricanes, tropical storms, and tropical de...

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

Q: Life Insurance in Force. The American Council of Life Insurers provides information about life insur...

A: It is given that the standard deviation of life insurance in force is $ 50,900.

Q: 1. Consider the data below. 10 84 69 33 29 91 76 10 52 73 66 42 101 40 63 65 11 18 11 23 62 66 38 35...

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...

Q: The table below shows the color and the model of cars purchased by 160 randomly selected customers a...

A: Given that  the model of cars purchased by 160 randomly selected customers Model Color Toy...

Q: The following tablė gives the classification of Students accord- ing to sex and examination result. ...

A:

Q: A weighing machine without any display was used by an average of 320 persons a day "with a standard ...

A: