Which of following generates more expected revenue ? Select the correct response : price is 700 and the probability is 30 % price is 600 and the probability is 40 % price is 500 and the probability is 50\% price is 800 and the probability is 25\%

Q: A teacher has found that the probability that a stu-dent studies for a test is 0.60, the probability…

A: Given that: A= student studies for test P(A)=0.60  B= student gets good grade. P(B)=0.72 P(A∩B)=P(…

Q: Based on a​ survey, when 1009 consumers were asked if they are comfortable with drones delivering…

A: Given : Based on a​ survey, when 1009 consumers were asked if they are comfortable with drones…

Q: On the basis of a physical examination and symptoms, a physician as- sses the probabilities that the…

A: Given information: Denote the event that the patient has no tumour as NO. Denote the event that the…

Q: The probability that a person selected at random from a population will exhibit the classic symptom…

A: Probability quantifies the chances of happening an event. The probability values always lie in the…

Q: A coach recruits for a college team a star player who is currently a high school senior. In order to…

A: Given: The probability of not getting adequate high school grades is, P(A)=0.02 Then the probability…

Q: According to a recent poll taken in August by Pew Research, 83% of men said that they regularly wear…

A:

Q: The probability that you sleep on your left side at night is 0.33. The probability that you snore so…

A:

Q: can you please solve every question.

A: Let the state that she attends class is denoted by ‘p’ and absent by ‘q’.The transient states…

Q: For a certain airline, there is a 75% probability that a given flight will depart on-time, an 80%…

A: Provided information is ; A: given flight will depart on-time. P(A) : Probability that a given…

Q: There is a product that is defective with a probability of 0.03. They are sold in packages of 12.…

A:

Q: A person applies for a certain job, and the probability that he or she is qualified is 0.285. The…

A:

Q: A company is considering upgrading its computer system, and a major portion of the upgrade is a new…

A: Solution: From the given information,

Q: The probabilities that a service station will pump gas into 0, 1, 2, 3, 4, or 5 or more cars during…

A: Solution : Let , X : Number of cars receiving gas during 30 minutes period. X 0 1 2 3 4 5 or more…

Q: Warranty records show that the probability that a new car needs a warranty repair in the first 90…

A: Given data, n=3 p=0.05 probability that none needs a warranty repair(P(X=0))=?

Q: A not-so-enthusiastic student has a predictable pattern for attending class. If the student attends…

A: Find the transition matrix for the given Markov process: If the student attends class on a certain…

Q: e route used by a certain motorist in commuting to work contains two intersections with traffic…

A:

Q: The probability that it will be 2°C or below tomorrow morning is 0.9. When the temperature is that…

A: Let N be the event that "my car will not start" and T be the event that "the temperature tomorrow…

Q: A telephone call center where people place marketing calls to customers has a probability of success…

A: For a binomial distribution with n number of trials and probability of success p, the probability…

Q: A not-so-enthusiastic student has a predictable pattern for attending class. If the student attends…

A:

Q: (B) At a signalized intersection, the coming car turns either left or right or goes through. If…

A:

Q: The national flufferball association decides to implement a drug screening procedure to test its…

A: Given Data: The probability of taking the enhancing drug is: p(A) =0.03 The probability of giving a…

Q: When someone buys a ticket for an airline​ flight, there is a 0.0989 probability that the person…

A: Given, The probability that the person will not show up for the flight is 0.0989 A certain jet can…

Q: Calvin's noticed that his mother will serve rice with dinner 68% of the nights, will serve carrots…

A: The probability that mother will serve rice with dinner is 0.68.

Q: A company is considering upgrading its computer system, and a major portion of the upgrade is a new…

A:

Q: The probability that a person selected at random from a population will exhibit the classic symptom…

A: Given : P (symptoms of disease) = 0.2 P (disease) = 0.23 P (symptom and disease) = 0.18

Q: In a sample of 1000 U.S.​ adults, 208 think that most celebrities are good role models. Two U.S.…

A: Given data, Total no of US adults N=1000 208 think that most celebrities are good role models. Two…

Q: . Determine the probability that the warning light is switched on. . Determine the conditional…

A: Given that P(F) = 0.1, then P(Fc) = 1 - 0.1 = 0.9 P(W|F) = 0.99 P(W | Fc) = 0.02

Q: The probability that a driver must stop at any one traffic light coming to Lincoln University is…

A:

Q: A not-so-enthusiastic student has a predictable pattern for attending class. If the student attends…

A: We have given that, if the student attends class on a certain Friday, then she is 2 times as likely…

Q: If a machine is correctly set-up it produces 90% acceptable items, if it is incorrectly setup it…

A: Bayes theorem apply.......

Q: Find the indicated probability. A company manufactures calculators in batches of 55 and claims that…

A: Introduction: Denote X as the random variable of interest here, which is the number of defects in a…

Q: Suppose a flu test has the following results: If a person is healthy, it returns negative 90% of…

A: Given Information:  If a person is healthy, it returns negative 90% of the timeIf a person is…

Q: A dashboard warning light should flash red when a car's oil level is too low. Suppose on a certain…

A:

Q: contracter is considering a sale that promises a profit of $31,000 with a probability of .7 or a…

A: x p(X) xp(X) 31000 0.7 21700 -4000 0.3 -1200

Q: (a) If one accident is selected at random, find the probability that it is either a truck or…

A: Let A be the event such that the selected accident is automobile accidents. Therefore, n(A) = 15.3…

Q: A student feels that 70% of her college courses have been enjoyable and the remainder have been…

A: Given: Probability of students feel enjoyable, P(A)=70%=0.7. Probability of strong positive…

Q: The Acme Insurance company has two types of customers, careful and reckless. A careful customer has…

A: Given information: P(Careful) = 0.80 P(Reckless) = 0.20 PAccidentCareful=0.01PAccidentReckless=0.04…

Q: f Mary is late for school one particular day of the week, the probability she arrives on time the…

A: Given Data: P( late the next day | on time the previous day)=0.3 P( late the next day | late the…

Q: standard deck with 50 cards — 25 red and 25 black — is shuffled. The probability that the top card…

A: 50 cards in a deck are shuffled. Among those 50 cards 25 are red and 25 are black. Total number of…

Q: An Insurance agent has 12 policyholders who are considered high risk the probability of one of these…

A: Given : n(no. of trials)=12. x(no. of clients  who file major claim in the next year)=3.…

Q: not-so-enthusiastic student has a predictable pattern for attending class. If the student attends…

A: Given: If the student attends class on a certain Friday, then she is 4 times as likelyto be absent…

Q: 0. The Principal reported that 30% of the students in first year have a failing grade. If this is…

A:

Q: For a particular machine, the probability that it will break down within a week is 0.009. The…

A: As per honor code, we are entitled to solve only three sub parts at a time, so I am providing the…

Q: A doctor is called to see a sick child. The doctor has prior information that 90% of sick children…

A: Given Let F stand for an event of a child being sick with flu M stand for an event of a child being…

Q: he route used by a certain motorist in commuting to work contains two intersections with traffic…

A:

Q: he production manager estimates that there is a 15% chance that a bulb will leave production line…

A:

Q: A telephone call center where people place marketing calls to customers has a probability of success…

A: Probability that a call will be a success is p = 0.08. Let, X = The number of successful calls out…

Q: The probability that a person catches a cold during the cold and flu season is 04. Assume that 10…

A:

Q: what is the probability that both of these items are available for a Trainer to use?

A: We have given that  P( Full restore is available for use ) = 0.98 P( Max revive is available for use…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.