A binomial random variable x is based on 15 trials with the probability of success equal to

Question:

A binomial random variable x is based on 15 trials with the probability of success equal to 0.4. Find the probability that this variable will take on a value more than 2 standard deviations above the mean.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Elementary Statistics

ISBN: 9780538733502

11th Edition

Authors: Robert R. Johnson, Patricia J. Kuby

See More Books

Question Posted: Aug 27, 2015 07:27 AM

See More Questions

The mean of a Poisson random variable X is = 9. Compute P( 2 < X < + 2).
The probability density function of the random variable X is given by Find the expected value of the random variable X. 0
The 90th percentile Assume that the random variable X is normally distributed, with mean = 50 and standard deviation = 7. Find each indicated percentile for X.
Ratio Computation and Analysis; Liquidity) as loan analyst for Madison Bank, you have been presented the following information. Each of these companies has requested a loan of $50,000 for 6 months...
With reference to Example 9.1, would the manufacturers decision remain the same if (a) The $ 164,000 profit is replaced by a $ 200,000 profit and the odds are 2 to 1 that there will be a recession;...
On December 31, 2023, RCA Companys Allowance for Doubtful Accounts had an unadjusted debit balance of $7,800. The accountant for RCA has prepared a schedule of the December 31, 2023, accounts...
A certain 10-year bond is currently selling for $\$ 920$. A friend of yours owns a forward contract on this bond that has a delivery date in 1 year and a delivery price of $\$ 940$. The bond pays...
How is an organization like an iceberg? Use the iceberg metaphor to describe the field of organizational behavior.
1. Graph the functions: a. y = 2x (= b. y =
A tennis enthusiast wants to estimate the mean length of mens singles matches held during the Wimbledon tennis tournament. From the Wimbledon history archives, he randomly selects 40 matches played...
The probability of success on a single trial of a binomial experiment is known to be .The random variable x, number of successes, has a mean value of 80. Find the number of trials involved in this...
A binomial random variable x is based on 15 trials with the probability of success equal to 0.2. Find the probability that this variable will take on a value more than 2 standard deviations from the...
Suppose a planet has an atmosphere of pure ammonia at 5.5 C. What is the rms speed of the ammonia molecules? (The molecular weight of ammonia, NH3, is 17.03 g/mol.)
What is the primary benefit of an asset management account?
What are the two fundamental principles and advantages of a tax-deferred retirement plan?
AEK Ltd has prepared its income statement, summarised below, for the year ended 30 June 2019. The company is evaluating three independent situations and has asked for your assistance. Required (a) If...
Explain how the portable estate exemption, resulting from the 2010 Tax Relief Act, altered estate planning using family trusts.
Credit card fraud is considered almost incidental to the potentially more damaging and costly problem of identity theft. Check the Internet for recent statistics on the number of consumers affected,...
Gallant Sports is considering the purchase of a new rock-climbing facility. The company estimates that the construction will require an initial outlay of $350,000. Other cash flows are estimated as...
The roof of a refrigerated truck compartment is of composite construction, consisting of a layer of foamed urethane insulation (t2 = 50 mm, ki = 0.026 W/m K sandwiched between aluminum alloy panels...
a. Find the regression equation for the data points. b. Graph the regression equation and the data points. 3 4
a. Find the regression equation for the data points. b. Graph the regression equation and the data points. r 0 4 3 1 2 2 3
a. Find the regression equation for the data points. b. Graph the regression equation and the data points. |450-I
Recommend an optimal improvement to the company's future financial goals.
Your bank account pays a nominal interest rate of 1 1 % , compounded semi - annually. Your plan is to deposit $ 2 , 4 0 0 in the account at the end of each of the next 1 0 years. How much will you...
A partnership has total equity of $464,000. Partnership equity consists of Green, Capital, $324,000, and Tan, Capital, $140,000. Net income and loss is shared in a ratio of 85% to Green and 15% to...

A binomial random variable x is based on 15 trials with the probability of success equal to

Question:

Step by Step Answer:

Given that n 15 and p 04 np 150...View the full answer

Elementary Statistics

Students also viewed these Statistics questions