Time Warner Cable provides television and Internet service to over 15 million people (Time Warner Cable website, October 24, 2012). Suppose that the management of Time Warner Cable subjectively assesses a probability distribution for the number of new subscribers next year in the state of New York as follows. x f ( x ) 100,000 .10 200,000 .20 300,000 .25 400,000 .30 500,000 .10 600,000 .05 a. Is this probability distribution valid? Explain. b. What is the probability Time Warner will obtain more than 400,000 new subscribers? c. What is the probability Time Warner will obtain fewer than 200,000 new subscribers?
STATISTICS F/BUSINESS+ECONOMICS-TE...
STATISTICS F/BUSINESS+ECONOMICS-TE...
Solutions
Time Warner Cable provides television and Internet service to over 15 million people (Time Warner Cable website, October 24, 2012). Suppose that the management of Time Warner Cable subjectively assesses a probability distribution for the number of new subscribers next year in the state of New York as follows.
| x | f (x) |
| 100,000 | .10 |
| 200,000 | .20 |
| 300,000 | .25 |
| 400,000 | .30 |
| 500,000 | .10 |
| 600,000 | .05 |
- a. Is this probability distribution valid? Explain.
- b. What is the probability Time Warner will obtain more than 400,000 new subscribers?
- c. What is the probability Time Warner will obtain fewer than 200,000 new subscribers?
Expert Solution
Chapter 5 Solutions
Additional Math Textbook Solutions
Probability and Statistics for Engineering and the Sciences
Brief Principles of Macroeconomics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Principles of Microeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Principles of Economics (MindTap Course List)
Financial & Managerial Accounting
Fundamentals of Financial Management (MindTap Course List)
Foundations of Business (MindTap Course List)
Corporate Financial Accounting
Cornerstones of Financial Accounting
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Accounting Information Systems
Essentials of Business Communication (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Financial Accounting
Management, Loose-Leaf Version
College Accounting, Chapters 1-27
Financial And Managerial Accounting
Essentials of Economics (MindTap Course List)
Contemporary Marketing
MKTG 12:STUDENT ED.-TEXT
Statistics for Business & Economics, Revised (MindTap Course List)
Exploring Economics
College Accounting (Book Only): A Career Approach
Fundamentals of Financial Management (MindTap Course List)
Intermediate Accounting: Reporting And Analysis
Accounting (Text Only)
Financial & Managerial Accounting
College Accounting (Book Only): A Career Approach
Managerial Accounting: The Cornerstone of Business Decision-Making
Financial Accounting
Accounting Information Systems
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Economics For Today
Macroeconomics
Economics (MindTap Course List)
Survey of Accounting (Accounting I)
Cornerstones of Cost Management (Cornerstones Series)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Purchasing and Supply Chain Management
Practical Management Science
Corporate Financial Accounting
Introduction To Statistics And Data Analysis
Research Methods for the Behavioral Sciences (MindTap Course List)
Essentials of Statistics for The Behavioral Sciences (MindTap Course List)
Statistics for The Behavioral Sciences (MindTap Course List)
Understanding Basic Statistics
Essentials Of Statistics For Business & Economics
Research Methods for the Behavioral Sciences (MindTap Course List)
Essentials Of Statistics
Single Variable Calculus
Elements Of Modern Algebra
Applied Calculus
Finite Mathematics
Finite Mathematics and Applied Calculus (MindTap Course List)
Mathematics: A Practical Odyssey
Elementary Geometry for College Students
Precalculus: Mathematics for Calculus (Standalone Book)
Elementary Technical Mathematics
Discrete Mathematics With Applications
Calculus of a Single Variable
Contemporary Mathematics for Business & Consumers
Trigonometry (MindTap Course List)
Mathematical Applications for the Management, Life, and Social Sciences
College Algebra (MindTap Course List)
Calculus: An Applied Approach (MindTap Course List)
Calculus: Early Transcendental Functions (MindTap Course List)
Calculus (MindTap Course List)
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
Calculus: Early Transcendentals
Finite Mathematics for the Managerial, Life, and Social Sciences
Multivariable Calculus
Mathematics For Machine Technology
Calculus: Early Transcendental Functions
Calculus (MindTap Course List)
Mathematical Excursions (MindTap Course List)
Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th
Intermediate Algebra
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Elementary Geometry For College Students, 7e
Multivariable Calculus
Study Guide for Stewart's Multivariable Calculus, 8th
Single Variable Calculus: Early Transcendentals, Volume I
Single Variable Calculus: Early Transcendentals
Introductory Statistics
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Calculus Volume 1
A First Course in Differential Equations with Modeling Applications (MindTap Course List)
