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- Repeat Example 5 when microphone A receives the sound 4 seconds before microphone B.Resistors labeled as 100 Ω are purchased from two different vendors. The specification for this type of resistor is that its actual resistance be within 5% of its labeled resistance. In a sample of 180 resistors from vendor A, 149 of them met the specification. In a sample of 270 resistors purchased from vendor B, 233 of them met the specification. Vendor A is the current supplier, but if the data demonstrate convincingly that a greater proportion of the resistors from vendor B meet the specification, a change will be made. P-value?(Please answer 2nd question ) 1. Assume that there are two types of driver: One is careful and has a 0.1% of being in an accident. The other type is careless and has a 1% chance of being in an accident. Assume that each type represents 50% of the population. If there is a law mandating that all drivers buy insurance that would cover $100,000 in damages, the actuarially far premium for all drivers would be ________ while if there were no such law, the fair premium would be __________. Group of answer choices A) $100, $1,000 B) $100, somewhere between $100 and $1,000 C) $550, somewhere between $550 and $1,000 D) $550, 1,000 Ans :- option c ). 2. The term(s) used to describe the problem(s) that make the actuarially fair premiums different in the two cases in the question above is(are) Group of answer choices A) Asymmetric information B) Moral hazard C) Adverse selection D) A, B, and C E) A and C
- Resistors labeled as 100 Ω are purchased from two different vendors. The specification for this type of resistor is that its actual resistance be within 5% of its labeled resistance. In a sample of 180 resistors from vendor A, 150 of them met the specification. In a sample of 270 resistors purchased from vendor B, 233 of them met the specification. Vendor A is the current supplier, but if the data demonstrate convincingly that a greater proportion of the resistors from vendor B meet the specification, a change will be made. a) State the appropriate null and alternate hypotheses. b) Find the P-value. c) Should a change be made?In his doctoral thesis, L. A. Beckel (University of Minnesota, 1982) studied the social behavior of river otters during the mating season. An important role in the bonding process of river otters is very short periods of social grooming. After extensive observations, Dr. Beckel found that one group of river otters under study had a frequency of initiating grooming of approximately 1.7 for each 10 minutes. Suppose that you are observing river otters for 30 minutes. Let r = 0, 1, 2, ... be a random variable that represents the number of times (in a 30-minute interval) one otter initiates social grooming of another. a) What is ?? b) Write out the formula for the probability distribution of the random variable r. P(r) = _________ c) Find the probability that one otter will initiate social grooming four or more times during the 30-minute observation period. (Round your answer to four decimal places.)In his doctoral thesis, L. A. Beckel (University of Minnesota, 1982) studied the social behavior of river otters during the mating season. An important role in the bonding process of river otters is very short periods of social grooming. After extensive observations, Dr. Beckel found that one group of river otters under study had a frequency of initiating grooming of approximately 1.7 for each 10 minutes. Suppose that you are observing river otters for 30 minutes. Let r = 0, 1, 2, ... be a random variable that represents the number of times (in a 30-minute interval) one otter initiates social grooming of another. a) Find the probabilities that in your 30 minutes of observation, one otter will initiate social grooming four times, five times, and six times. (Round your answers to four decimal places.) P(4) = P(5) = P(6) = b) Find the probability that one otter will initiate social grooming less than four times during the 30-minute observation period. (Round your answer…
- In his doctoral thesis, L. A. Beckel (University of Minnesota, 1982) studied the social behavior of river otters during the mating season. An important role in the bonding process of river otters is very short periods of social grooming. After extensive observations, Dr. Beckel found that one group of river otters under study had a frequency of initiating grooming of approximately 1.7 for each 10 minutes. Suppose that you are observing river otters for 40 minutes. Let r = 0, 1, 2, ... be a random variable that represents the number of times (in a 40-minute interval) one otter initiates social grooming of another. Lambda = 6.8 (b) Find the probabilities that in your 40 minutes of observation, one otter will initiate social grooming four times, five times, and six times. (Round your answers to four decimal places.) P(4) = P(5) = P(6) =a man is investigating the populaion of bear in two areas. Area 1 and Area 2. He expect the number of bear to be X and Y in area 1 and area 2 to be Poisson- distributeted. He expect the number og bear to be λ1 = 3 in area 1 and λ2 = 5 in area 2. Find P(X = 2) and P(X ≥3) and find an approximate value expression for P(X = Y)An experimenter is studying the effects of temperature,pressure, and type of catalyst on yield from a certainchemical reaction. Three different temperatures, fourdifferent pressures, and five different catalysts are underconsideration.a. If any particular experimental run involves the use ofa single temperature, pressure, and catalyst, howmany experimental runs are possible?b. How many experimental runs are there that involve useof the lowest temperature and two lowest pressures?c. Suppose that five different experimental runs are tobe made on the first day of experimentation. If thefive are randomly selected from among all the possibilities,so that any group of five has the same probabilityof selection, what is the probability that adifferent catalyst is used on each run?
