You work at a mechanic shop. 40% of cars that come in have a flat tire. If there are 5 cars in the shop, what is the probability that 3 have a flat tire? Round to three decimal points.
Q: An investor considers investing $17,000 in the stock market. He believes that the probability is…
A: Probability tells us the approximate chance of things taking place. It basically briefs us about the…
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Q: 24. Autos arrive at a tollbooth located at the entrance to a bridge at the rate of 50 per minute he…
A: *Answer:
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A: Normal distribution is the type of continuous probability distribution with mean and variance. Also…
Q: Diego's current wealth is $800, but there is a 0.2 probability that he will lose $100. Diego is risk…
A: Given; Current wealth= $800 Probability of losing $100= 0.2 Diego is a risk neutral person.
Q: A deck of 52 playing cards consists of 4 suites: clubs, spades, hearts, and diamonds. Each suite…
A: Given that the total number of cards are 52. There are 4 suits. Each suit had 13 cards.
Q: For a group of 300 cars the numbers, classified by color and country of manufacture, are shown in…
A: Probability: It is a tool used for studying randomness.
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A: The provided information are: Maximum value (b) = 59 Minimum value (a) = 49 Consider X be the random…
Q: "Jay, a writer of novels, just has completed a new thriller novel. A movie company and a TV network…
A: The table below summarizes the given results-
Q: Suppose Eman has an 85% chance of passing each time he takes a quiz. What is the probability that he…
A: Probability of passing an exam = 85% Probability of failing the exam = 100 - 85 = 15%
Q: Cat, who owns the same type of house and faces the same probability distribution of losses as…
A:
Q: Plant I of XYZ manufacturing organisation employs 5 production and 3 maintenance engineers, another…
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Q: Suppose that a family has 4 children. Also, suppose that the probability of having a boy is Find the…
A: Here we calculate the probability having boy in a family so calculation of the following as follow-
Q: 4. Two boxes contain 6 light bulbs each. In the first box there are 4 defective light bulbs, in the…
A: Probability a defective bulb is transferred from box 1 to box 2 = 4/6 Total bulbs in box 2 = 7 3 are…
Q: b) For a group of 300 cars the numbers, classified by colour and country of manufacture, are shown…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Assume the likelihood that any flight on Delta Airlines arrives within 15 minutes of the scheduled…
A:
Q: 10. Calculate a joint probability given data: -Sample of 9000 firms. 6000 have CEO with Bachelor's…
A: Answer x=CEO has a Bachelor's Degree or a Ph. D related event =CEO with Bachelor's degree+CEO with…
Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…
A: It is given that when a farmer uses the pesticides, he expects a crop of 60,000 bushels and when not…
Q: Statistics released by the National Highway Traffic Safety Administration and the National Safety…
A: Let, The total number of drivers n = 400 We consider it success if a driver is drunk. The…
Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…
A: Without pesticides,profit Profit=total revenue-total cost Total revenue=50000*10=500000 Total…
Q: Halsen, a marketing manager at Business X, has determined four possible strategies (X1, X2, X3, and…
A: Maximax is a strategy also known as aggressive or optimistic strategy, where a decision made by…
Q: A biometric security device using fingerprints erroneously refuses to admit 2 in 1,000 authorized…
A: The probability that the person was really authorized can be calculated as follows:
Q: a) Grace Floral Shop sells several types of roses for all occasions. It is known that 43% of the…
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Q: ABC Store's data of the past 500 days shows that the online daily sales of a cooking pot of a…
A: According to the given question we will do it as follows so the formula for the given above question…
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A: Given information:Probability of air mail letter arriving in 2 days is P (A) = 0.65 Probability…
Q: A university found that 30% of its students withdraw without completing the introductory statistics…
A: Hi! thanks for the question but as per the guidelines, we can answer up to 3 subparts at one time.…
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A: In a Random Experiment, probability is the measure of the possibility that an event will occur.
Q: If probability of "Event A occurs" is 0.6, then probability of "Event A does not occur" is
A: Given below is the information: The probability of an event to occur = 0.6
Q: Your production line has an automatic scanner to detect defects. In recent production, 2% of items…
A: Probability: It is a mathematical tool that is used to study randomness.
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Q: The following table shows the number of students at a college who were offered teaching positio…
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A: Given that, Size of Outlet Demand Low High Small $1,000 $1,000 Medium $500 $2,500 Large…
Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…
A: Using pesticides would ensure more profitability to farmer because he would sell 10000 extra bushels…
Q: 6 Company "X Star" supplies electronic devices. Probability of purchasing a defective device is 0.3.…
A: As there are fixed number of trials and probability of each and every trial is same and independent…
Q: Two coins are tossed 500 times, and we get: i) Two heads: 105 times ii) One head: 275 times iii)…
A: When we toss a coin the outcome would be either head or tail.
Q: Halsen, a marketing manager at Business X, has determined four possible strategies (X1, X2, X3, and…
A: Maximax For business Y: Maximum of Y is 25, 57, 21, 26 Maximum of maximum strategy is 57. Solution…
Q: On Monday's there are eight classes taught in the business building. The probability that any of…
A:
Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…
A: Price=$11 Quantity without pesticides=55000 Price * quantity=total revenue 11 * 55000=605000
Q: Two factories mamufacture the Number of Defects same machine parts. Each part is classified as…
A: Answer is given in the picture:
Q: You inherited your uncle's bakery in a rem family, but you prefer to keep your job and hired a local…
A: The principal-agent problem occurs mainly on account of contrary interests of different players in…
Q: If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he…
A: Expected revenue would be Price=$11 Quantity=60000 Price * quantity 11 * 60000=660000
Q: The odds against Manager X settling the wage dispute with the workers are 8:6 and odds in favour of…
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Q: Avicenna is a major insurer that offers five-year life insurance policies to 65 year-olds. If the…
A: Company will pay $203620 or ($213000-$9380) with 4% chance and company will take $9380 with 96%…
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Q: . Most Bengal tigers (Panthera tigris) are orange with black stripes. Occasionally, however, they…
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- 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 that the next President will be a Democrat is 0.5, and the probability that the next President will be a woman is 0.3. The probability the next President will be a woman and a Democrat is 0.1. What is the probability the next President will be a Democrat or a woman?When a pair of dice is tossed, the results may be any whole number from 2 through 12. In the game of craps one can win by tossing either a 7 or an 11 on the first roll. What is the probability of doing this?
- Two cards are drawn from a standard deck without replacement. What is the probability that the first card is a diamond and the second card is red? (Round your answer to three decimal places.)A lottery has a grand prize of $1,000,000, 2 runner-up prizes of $100,000 each, 6 third-place prizes of $10,000 each, and 19 consolation prizes of $1,000 each. If a 4 million tickets are sold for $1 each, and the probability of any ticket winning is the same as that of any other winning, find the expected return on a $1 ticket. (Round your answer to 2 decimal places.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?
- 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.Avicenna is a major insurer that offers five-year life insurance policies to 65 year-olds. If the holder of one of these policies dies before the age of 70 years, the company must pay $213,000 the beneficiary of the policy. Avicena executives are considering the possibility of offering these policies to $9,380 each one. Suppose there is a 4% probability that the insured will die before the 70 age of years and a 96% probability that she will live to 70 age.If Avicena executives know they will sell many of these policies, should they expect to make or lose money by offering them? How much would they win or lose?To respond, take into account the price of the policy and the expected value of the amount paid to the beneficiary.A restaurant manager classifies customers as regular, occasional, or new, and finds that of all customers 50%, 40%, and 10%, respectively, fall into these categories. The manager found that wine was ordered by 70% of the regular customers, by 50% of the occasional customers, and by 30% of the new customers.a. What is the probability that a randomly chosen customer orders wine?b. If wine is ordered, what is the probability that the person ordering is a regular customer?c. If wine is ordered, what is the probability that the person ordering is an occasional customer?
- A production manager knows that 5% of components produced by a particular manufacturing process have some defect. Six of these components, whose characteristics can be assumed to be independent of each other, are examined.a. What is the probability that none of these components has a defect?b. What is the probability that one of these components has a defect?c. What is the probability that at least two of these components have a defect?Industry standards suggest that 12 percent of new vehicles require warranty service within the first year. University Toyota in Morgantown, WV sold 10 Toyotas yesterday. What is the probability that exactly one of these vehicles will require warranty service?David Barnes and his fiancée Valerie Shah are visiting Hawaii. At the Hawaiian Cultural Center in Honolulu, they are told that 2 out of a group of 8 people will be randomly picked for a free lesson of a Tahitian dance a. What is the probability that both David and Valerie get picked for the Tahitian dance lesson? (round 4 decimal places) b. What is the probability that Valerie gets picked before David for the Tahitian dance lesson? (round 4 decimal places)
