A regional bus between Fort Collins and Denver mostly uses the high-occupancy vehicle (HOV) lane but...
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A regional bus between Fort Collins and Denver mostly uses the high-occupancy vehicle (HOV) lane but it does have to cross two intersections. Let X be the number of stops the bus must make and the PMF is given below. Round all solutions to three decimal places. X p(x) 0 0.24 1 0.15 2 0.61 Now suppose the bus makes a round trip, so the sample size is 2. We are interested in Z=X1+X2, where X1 is the number of stops on the trip from Fort Collins to Denver of the trip and X2 is the number of stops on the trip from Denver to Fort Collins. Note that Z can take on values 0, 1, 2, 3, 4. (a) Compute P(Z=0), that is, compute the probability that no stops are made in the round trip (Z=X+X2=0). (b) Compute P(Z=1), that is compute the probability that exactly one stop is made in the round trip (Z=X1+X2=1). (c) Fill in the PMF for Z below. (You have already calculated for Z=0 and Z=1). (d) Compute the mean of Z. (e) Compute the variance of Z. Z p(z) 0 1 4 3 2 A regional bus between Fort Collins and Denver mostly uses the high-occupancy vehicle (HOV) lane but it does have to cross two intersections. Let X be the number of stops the bus must make and the PMF is given below. Round all solutions to three decimal places. X p(x) 0 0.24 1 0.15 2 0.61 Now suppose the bus makes a round trip, so the sample size is 2. We are interested in Z=X1+X2, where X1 is the number of stops on the trip from Fort Collins to Denver of the trip and X2 is the number of stops on the trip from Denver to Fort Collins. Note that Z can take on values 0, 1, 2, 3, 4. (a) Compute P(Z=0), that is, compute the probability that no stops are made in the round trip (Z=X+X2=0). (b) Compute P(Z=1), that is compute the probability that exactly one stop is made in the round trip (Z=X1+X2=1). (c) Fill in the PMF for Z below. (You have already calculated for Z=0 and Z=1). (d) Compute the mean of Z. (e) Compute the variance of Z. Z p(z) 0 1 4 3 2
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Managerial Economics and Strategy
ISBN: 978-0321566447
1st edition
Authors: Jeffrey M. Perloff, James A. Brander
Posted Date:
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