A computer is randomly selecting a 4-digit ID num-r for you, and there are 10,000 possibilities, each
Question:
a. What is the probability your new ID number happens to match your birth date (e.g., 0822 for August 22nd)?
b. Why is this a Discrete Uniform distribution situation? What is the parameter?
c. Explain in words what X is in terms of the story. What values can it take?
d. What is the average ID number?
e. What is the standard deviation of the ID numbers?
f. Describe in words what the graph of the mass for the ID numbers would look like.
g. Describe in words what the graph of the CDF for the ID numbers would look like. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Introduction to Probability
ISBN: 978-0716771098
1st edition
Authors: Mark Daniel Ward, Ellen Gundlach
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