The following table contains the probability distribution for X- the number of traffic accidents reported in a day in Corvallis, On 2 3. 4 PX) 0.10 0.20 0.45 0.15 0.05 0.05
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- 2.4 The opening 2018 World Cup odds against being the winning team specified by espn.com were 9/2 for Germany, 5/1 for Brazil, 11/2 for France, 20/1 for England, and 7/1 for Spain. Find the corresponding prior probabilities of winning for these five teams.If patient insurance inquiries arrive at Blue Choice insurance with a mean rate of 3.6 calls per minute, the exponential probability of waiting more than 0.5 minutes to get the next inquiry call is _____. Question 6Select one: a. 0.2407 b. 0.1222 c. 0.5000 d. 0.1653 Time remaining: 01 :51 :45 Economics A dealer decides to sell an antique automobile by means of an English auction with a reservation price of $900. There are two bidders. The dealer believes that there are only three possible values, $7,200, $3,600, and $900, that each bidder’s willingness to pay might take. Each bidder has a probability of 1/3 of having each of these willingnesses to pay, and the probabilities for each of the two bidders are independent of the other’s valuation. Assuming that the two bidders bid rationally and do not collude, the dealer’s expected revenue from selling the car is approximately Group of answer choices $3,600. $2,500. $3,900. $5,400. $7,200.
- Find the probability of rolling a standard 6-sided die 23 times and getting 10 or more twos. Select an answer Enter a decimal rounded to four places as needed.You work at a mechanic shop. 40% of cars that come in have a flat tire. If there are 50 cars in the shop, what is the probability that more than 30 have a flat tire? Round to three decimal points.On Monday's there are eight classes taught in the business building. The probability that any of those classes starts late is 0.3. What is the probability that at least one these classes will start late on Monday?
- The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors isas follows. x f(x) 0 0.001 1 0.007 2 0.034 3 0.099 4 0.188 5 6 0.220 7 0.136 8 0.055 9 0.015 10 0.001 17 The probability that 5 automobiles will be sold is,a 0.232b 0.244c 0.257d 0.271The project manager of Good Public Relations gatheredthe data shown in Table 7.15 for a new advertisingcampaign.a. How long is the project likely to take? b. What is the probability that the project will take more than38 weeks?c. Consider the path A–E–G–H–J. What is the probability thatthis path will exceed 38 weeks?1 A car dealer has established that 40% of his potential customers prefer single cab cars while 60% prefer double cab cars. From a recent survey among his existing clients, he obtained additional information which indicates that 15% of clients who bought single cab cars prefer air conditioning while 65% of clients who bought double cars prefer air conditioning.Required:a) What is the probability that a client who bought a single cab does not prefer air conditioning? (5)b) What is the probability that a client prefers a double cab with air conditioning?
- The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows: SIZE OFOUTLET DEMAND LOW HIGH Small $ 1,000 1,000 Medium 500 2,500 Large 0 3,000 For what range of probability that demand will be high, will she decide to lease the medium facility?Your company has a customer list that includes 3000 people. Your market research indicates that 90 of them responded to the coupon. If you send a coupon to ONE customer at random, what’s the probability that he or she will use the coupon? Group of answer choices 3%. 9%. 30%. 90%. None of the above.using 'standard Normal Table ' , calculate the following probabilities. 1. Pr(z < -1.12) 2. Pr(z >2.32) 3.pr(1.22 < z >2.53) 4.pr(-3.22 < z < 0.22) 5.pr(-2.36 < z < -0.50)