FIN 108 ISU LOOSE >IP<
17th Edition
ISBN: 9781323520192
Author: Pearson
Publisher: PEARSON C
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Question
Chapter 11.3, Problem 18E
To determine
To find: The mean, variance, and standard deviation for the given function.
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If E(X) = 2 and standard deviation of X is 3, what is E(X2)?
17. In Problem 11 from the previous section, westated that the damage amount is normally distributed. Suppose instead that the damage amount istriangularly distributed with parameters 500, 1500,and 7000. That is, the damage in an accident canbe as low as $500 or as high as $7000, the mostlikely value is $1500, and there is definite skewnessto the right. (It turns out, as you can verify in @RISK,that the mean of this distribution is $3000, thesame as in Problem 11.) Use @RISK to simulatethe amount you pay for damage. Run 5000 iterations. Then answer the following questions. Ineach case, explain how the indicated event wouldoccur.a. What is the probability that you pay a positiveamount but less than $750?b. What is the probability that you pay more than$600?c. What is the probability that you pay exactly $1000(the deductible)?
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Chapter 11 Solutions
FIN 108 ISU LOOSE >IP<
Ch. 11.1 - Evaluate the following, if it converges: 3dx(x1)2.Ch. 11.1 - Prob. 2MPCh. 11.1 - Prob. 3MPCh. 11.1 - Prob. 4MPCh. 11.1 - Prob. 5MPCh. 11.1 - Prob. 6MPCh. 11.1 - Prob. 1EDCh. 11.1 - Prob. 2EDCh. 11.1 - Prob. 1ECh. 11.1 - Prob. 2E
Ch. 11.1 - Prob. 3ECh. 11.1 - Prob. 4ECh. 11.1 - Prob. 5ECh. 11.1 - Prob. 6ECh. 11.1 - Prob. 7ECh. 11.1 - Prob. 8ECh. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - Prob. 13ECh. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - Prob. 18ECh. 11.1 - Prob. 19ECh. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - Prob. 24ECh. 11.1 - Prob. 25ECh. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - In Problems 928, find the value of each improper...Ch. 11.1 - Prob. 28ECh. 11.1 - Prob. 29ECh. 11.1 - In Problems 2934, graph y = f(x) and find the...Ch. 11.1 - Prob. 31ECh. 11.1 - Prob. 32ECh. 11.1 - Prob. 33ECh. 11.1 - Prob. 34ECh. 11.1 - Prob. 35ECh. 11.1 - In Problems 3538, discuss the validity of each...Ch. 11.1 - Prob. 37ECh. 11.1 - Prob. 38ECh. 11.1 - Prob. 39ECh. 11.1 - Prob. 40ECh. 11.1 - Prob. 41ECh. 11.1 - Prob. 42ECh. 11.1 - Prob. 43ECh. 11.1 - Prob. 44ECh. 11.1 - Prob. 45ECh. 11.1 - Prob. 46ECh. 11.1 - Prob. 47ECh. 11.1 - Prob. 48ECh. 11.1 - Prob. 49ECh. 11.1 - Prob. 50ECh. 11.1 - Prob. 51ECh. 11.1 - Prob. 52ECh. 11.1 - Prob. 53ECh. 11.1 - Prob. 54ECh. 11.1 - Prob. 55ECh. 11.1 - Prob. 56ECh. 11.1 - Prob. 57ECh. 11.1 - Prob. 58ECh. 11.1 - Prob. 59ECh. 11.1 - Prob. 60ECh. 11.1 - Prob. 61ECh. 11.1 - Prob. 62ECh. 11.1 - Prob. 63ECh. 11.1 - Prob. 64ECh. 11.1 - Prob. 65ECh. 11.1 - Prob. 66ECh. 11.1 - Prob. 67ECh. 11.1 - Prob. 68ECh. 11.1 - Prob. 69ECh. 11.1 - Prob. 70ECh. 11.1 - Prob. 71ECh. 11.1 - Prob. 72ECh. 11.2 - Let f(x)={6x6x2if0x10otherwise Graph f and verify...Ch. 11.2 - Prob. 2MPCh. 11.2 - Prob. 3MPCh. 11.2 - Prob. 4MPCh. 11.2 - Repeat Example 5 if the pharmacist wants the...Ch. 11.2 - For each of the following experiments, determine...Ch. 11.2 - Prob. 2EDCh. 11.2 - Prob. 1ECh. 11.2 - Prob. 2ECh. 11.2 - Prob. 3ECh. 11.2 - Prob. 4ECh. 11.2 - Prob. 5ECh. 11.2 - Prob. 6ECh. 11.2 - Prob. 7ECh. 11.2 - Prob. 8ECh. 11.2 - Prob. 9ECh. 11.2 - In Problems 9 and 10, graph f, and show that f...Ch. 11.2 - Prob. 11ECh. 11.2 - Prob. 12ECh. 11.2 - Prob. 13ECh. 11.2 - Prob. 14ECh. 11.2 - Use the function in Problem 9 to find the...Ch. 11.2 - Use the function in Problem 10 to find the...Ch. 11.2 - Use the function in Problem 9 to find the...Ch. 11.2 - Use the function in Problem 10 to find the...Ch. 11.2 - Prob. 19ECh. 11.2 - Prob. 20ECh. 11.2 - Prob. 21ECh. 11.2 - Prob. 22ECh. 11.2 - Prob. 23ECh. 11.2 - Use the cumulative distribution function from...Ch. 11.2 - In Problems 25 and 26, graph f, and show that f...Ch. 11.2 - In Problems 25 and 26, graph f, and show that f...Ch. 11.2 - Prob. 27ECh. 11.2 - Use the function in Problem 26 to find the...Ch. 11.2 - Prob. 29ECh. 11.2 - Prob. 30ECh. 11.2 - Prob. 31ECh. 11.2 - Prob. 32ECh. 11.2 - Prob. 33ECh. 11.2 - In Problems 3336, find the associated cumulative...Ch. 11.2 - Prob. 35ECh. 11.2 - Prob. 36ECh. 11.2 - Prob. 37ECh. 11.2 - Prob. 38ECh. 11.2 - Prob. 39ECh. 11.2 - Prob. 40ECh. 11.2 - Prob. 41ECh. 11.2 - Prob. 42ECh. 11.2 - Prob. 43ECh. 11.2 - Prob. 44ECh. 11.2 - Prob. 45ECh. 11.2 - Prob. 46ECh. 11.2 - Prob. 47ECh. 11.2 - Prob. 48ECh. 11.2 - Prob. 49ECh. 11.2 - Prob. 50ECh. 11.2 - Prob. 51ECh. 11.2 - Prob. 52ECh. 11.2 - Prob. 53ECh. 11.2 - Prob. 54ECh. 11.2 - In Problems 53 and 58, find the associated...Ch. 11.2 - In Problems 53 and 58, find the associated...Ch. 11.2 - Prob. 57ECh. 11.2 - In Problems 53 and 58, find the associated...Ch. 11.2 - Demand. The weekly demand for hamburger (in...Ch. 11.2 - Prob. 60ECh. 11.2 - Prob. 61ECh. 11.2 - Prob. 62ECh. 11.2 - Prob. 63ECh. 11.2 - Shelf life. Repeat Problem 63 if...Ch. 11.2 - Prob. 65ECh. 11.2 - Prob. 66ECh. 11.3 - Find the expected value (mean), variance, and...Ch. 11.3 - Repeat Example 2 if the probability density...Ch. 11.3 - Prob. 3MPCh. 11.3 - Prob. 4MPCh. 11.3 - Prob. 5MPCh. 11.3 - Prob. 6MPCh. 11.3 - Prob. 1EDCh. 11.3 - Prob. 2EDCh. 11.3 - In Problems 16, find the mean, variance, and...Ch. 11.3 - In Problems 16, find the mean, variance, and...Ch. 11.3 - In Problems 16, find the mean, variance, and...Ch. 11.3 - Prob. 4ECh. 11.3 - Prob. 5ECh. 11.3 - Prob. 6ECh. 11.3 - In Problems 712, find the median....Ch. 11.3 - Prob. 8ECh. 11.3 - Prob. 9ECh. 11.3 - In Problems 712, find the median....Ch. 11.3 - In Problems 712, find the median....Ch. 11.3 - Prob. 12ECh. 11.3 - Prob. 13ECh. 11.3 - Prob. 14ECh. 11.3 - Prob. 15ECh. 11.3 - Prob. 16ECh. 11.3 - In Problems 1720, find the mean, variance, and...Ch. 11.3 - Prob. 18ECh. 11.3 - In Problems 1720, find the mean, variance, and...Ch. 11.3 - In Problems 1720, find the mean, variance, and...Ch. 11.3 - In Problems 21 and 22, use a graphing calculator...Ch. 11.3 - Prob. 22ECh. 11.3 - Prob. 23ECh. 11.3 - Prob. 24ECh. 11.3 - Prob. 25ECh. 11.3 - Prob. 26ECh. 11.3 - Prob. 27ECh. 11.3 - Prob. 28ECh. 11.3 - Prob. 29ECh. 11.3 - Prob. 30ECh. 11.3 - Prob. 31ECh. 11.3 - Prob. 32ECh. 11.3 - Prob. 33ECh. 11.3 - Prob. 34ECh. 11.3 - Prob. 35ECh. 11.3 - Prob. 36ECh. 11.3 - Prob. 37ECh. 11.3 - Prob. 38ECh. 11.3 - Prob. 39ECh. 11.3 - Prob. 40ECh. 11.3 - Prob. 41ECh. 11.3 - Prob. 42ECh. 11.3 - Prob. 43ECh. 11.3 - Prob. 44ECh. 11.3 - Prob. 45ECh. 11.3 - Electricity consumption. The daily consumption of...Ch. 11.3 - Prob. 47ECh. 11.3 - Product life. The life expectancy (in years) of an...Ch. 11.3 - Prob. 49ECh. 11.3 - Prob. 50ECh. 11.3 - Prob. 51ECh. 11.3 - Prob. 52ECh. 11.3 - Prob. 53ECh. 11.3 - Prob. 54ECh. 11.3 - Learning. The number of hours it takes a...Ch. 11.3 - Prob. 56ECh. 11.4 - Use the probability density function given in...Ch. 11.4 - Prob. 2MPCh. 11.4 - Prob. 3MPCh. 11.4 - In Example 4, what percentage of the lightbulbs...Ch. 11.4 - Prob. 5MPCh. 11.4 - Prob. 2EDCh. 11.4 - Prob. 1ECh. 11.4 - Prob. 2ECh. 11.4 - Prob. 3ECh. 11.4 - Prob. 4ECh. 11.4 - Prob. 5ECh. 11.4 - Prob. 6ECh. 11.4 - Prob. 7ECh. 11.4 - Prob. 8ECh. 11.4 - Prob. 9ECh. 11.4 - Prob. 10ECh. 11.4 - In Problems 914, use Table 2 in Appendix C to find...Ch. 11.4 - Prob. 12ECh. 11.4 - Prob. 13ECh. 11.4 - In Problems 914, use Table 2 in Appendix C to find...Ch. 11.4 - Prob. 15ECh. 11.4 - Prob. 16ECh. 11.4 - Prob. 17ECh. 11.4 - Prob. 18ECh. 11.4 - Prob. 19ECh. 11.4 - Prob. 20ECh. 11.4 - Prob. 21ECh. 11.4 - Prob. 22ECh. 11.4 - Prob. 23ECh. 11.4 - Prob. 24ECh. 11.4 - Prob. 25ECh. 11.4 - Prob. 26ECh. 11.4 - Prob. 27ECh. 11.4 - Prob. 28ECh. 11.4 - Prob. 29ECh. 11.4 - Prob. 30ECh. 11.4 - Prob. 31ECh. 11.4 - Prob. 32ECh. 11.4 - Prob. 33ECh. 11.4 - Prob. 34ECh. 11.4 - Prob. 35ECh. 11.4 - Prob. 36ECh. 11.4 - Prob. 37ECh. 11.4 - Prob. 38ECh. 11.4 - Prob. 39ECh. 11.4 - Prob. 40ECh. 11.4 - Prob. 41ECh. 11.4 - Prob. 42ECh. 11.4 - Prob. 43ECh. 11.4 - Prob. 44ECh. 11.4 - Prob. 45ECh. 11.4 - Prob. 46ECh. 11.4 - Prob. 47ECh. 11.4 - Prob. 48ECh. 11.4 - Prob. 49ECh. 11.4 - Prob. 50ECh. 11.4 - Prob. 51ECh. 11.4 - Prob. 52ECh. 11.4 - Prob. 53ECh. 11.4 - Prob. 54ECh. 11.4 - Prob. 55ECh. 11.4 - Prob. 56ECh. 11.4 - Problems 5558 refer to the normal random variable...Ch. 11.4 - Prob. 58ECh. 11.4 - Prob. 59ECh. 11.4 - Prob. 60ECh. 11.4 - Prob. 61ECh. 11.4 - Prob. 62ECh. 11.4 - Prob. 63ECh. 11.4 - Prob. 64ECh. 11.4 - Prob. 65ECh. 11.4 - Prob. 66ECh. 11.4 - Prob. 67ECh. 11.4 - Prob. 68ECh. 11.4 - Waiting time. The time (in minutes) applicants...Ch. 11.4 - Prob. 70ECh. 11.4 - Communications. The length of time for telephone...Ch. 11.4 - Prob. 72ECh. 11.4 - Prob. 73ECh. 11.4 - Prob. 74ECh. 11.4 - Prob. 75ECh. 11.4 - Prob. 76ECh. 11.4 - Prob. 77ECh. 11.4 - Prob. 78ECh. 11.4 - Prob. 79ECh. 11.4 - Prob. 80ECh. 11.4 - Prob. 81ECh. 11.4 - Prob. 82ECh. 11.4 - Prob. 83ECh. 11.4 - Prob. 84ECh. 11.4 - Prob. 85ECh. 11.4 - Prob. 86ECh. 11 - Prob. 1RECh. 11 - Prob. 2RECh. 11 - Prob. 3RECh. 11 - Prob. 4RECh. 11 - Prob. 5RECh. 11 - Prob. 6RECh. 11 - Prob. 7RECh. 11 - Prob. 8RECh. 11 - Prob. 9RECh. 11 - Prob. 10RECh. 11 - Prob. 11RECh. 11 - Prob. 12RECh. 11 - Prob. 13RECh. 11 - Prob. 14RECh. 11 - Prob. 15RECh. 11 - Prob. 16RECh. 11 - Prob. 17RECh. 11 - Prob. 18RECh. 11 - Prob. 19RECh. 11 - Prob. 20RECh. 11 - Prob. 21RECh. 11 - Prob. 22RECh. 11 - Prob. 23RECh. 11 - Prob. 24RECh. 11 - Prob. 25RECh. 11 - Prob. 26RECh. 11 - Prob. 27RECh. 11 - Prob. 28RECh. 11 - Prob. 29RECh. 11 - Prob. 30RECh. 11 - Prob. 31RECh. 11 - Prob. 32RECh. 11 - Prob. 33RECh. 11 - Prob. 34RECh. 11 - Prob. 35RECh. 11 - Prob. 36RECh. 11 - Prob. 37RECh. 11 - Prob. 38RECh. 11 - Prob. 39RECh. 11 - Credit applications. The percentage of...Ch. 11 - Prob. 41RECh. 11 - Prob. 42RECh. 11 - Prob. 43RECh. 11 - Medicine. The shelf life (in months) of a certain...Ch. 11 - Life expectancy. The life expectancy (in months)...Ch. 11 - Prob. 46RECh. 11 - Prob. 47RECh. 11 - Prob. 48RE
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