Components have a weight with an expectation of 438 and a standard deviation of 4. (a) What
Question:
(a) What are the expectation and the standard deviation of the sum of the weights of three randomly selected components?
(b) What are the expectation and the standard deviation of the average of the weights of eight randomly selected components?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
a The expectation is 3 438 ...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Probability And Statistics For Engineers And Scientists
ISBN: 9780495107576
3rd Edition
Authors: Anthony Hayter
Question Posted:
Students also viewed these Statistics questions
-
The number of imperfections in an object has a Poisson distribution with a mean X = 8.3. If the number of imperfections is 4 or less, the object is called "top quality." If the number of...
-
A food processor manufactures a certain canned vegetable that has a printed label weight of 305 gm. The specifications for the net contents in each can are 305 gm + 10 gm. Individual cans are...
-
An object has a weight W. When it is weighed with machine 1, a value X1 is obtained. When it is weighed with machine 2, a value X2 is obtained. The value X1 has a mean IV and a standard deviation 3....
-
A square duct, 30 cm by 30 cm, is maintained at a constant temperature of 30oC and an airstream of 50oC and 1 atm is forced across it with a velocity of 6 m/s. Calculate the heat gained by the duct....
-
Explain the advantages and drawbacks of using incrementalcost pricing rather than full-cost pricing.
-
What is Bottom of Stack (BoS) bit for in MPLS label? Discuss.
-
Table B. 15 presents data on air pollution and mortality. Use the all-possibleregressions selection on the air pollution data to find appropriate models for these data. Perform a thorough analysis of...
-
Webster Consulting experienced the following transactions for 2012, its first year of operations, and 2013. Assume that all transactions involve the receipt or payment of cash. Transactions for 2012...
-
Make a linear graph of your experimental data Moving Tension experimental (y-axis) vs. Moving Tension predicted (x-axis). What is the slope m and the slope's uncertainty of your graph? Report your...
-
Yardworx reconciled its book balance of Cash with its bank statement balance on April 30 and showed two cheques outstanding at that time, #1771 for $15,463.10 and #1780 for $955.65. The following...
-
A continuous random variable has a probability density function f(x) = Ax for 5 x 6. (a) What is the value of A? (b) What is the cumulative distribution function of the random variable? (c) What is...
-
In a game a player rolls a fair six-sided die. If the score is even, the player receives an amount of dollars equal to the score. If the score is odd, the player receives an amount of dollars equal...
-
In a recent year, potentially dangerous commercial aircraft incidents (e.g., near collisions) averaged 1.2 per 100,000 flying hours. Let X be the number of incidents in a 100,000-hour period. (a)...
-
Discuss decision-making as a structure using the Aldi versus Walmart example. a. What kind of decisions need to be made to change behaviors with clients? b. What kind of decisions need to be made to...
-
We assume that z 0 for all t (i.e. the boat never changes tack). We want to determine the fastest trajectory z(x). Write the expression of the time dt to go, on this trajectory, from x to x + dx in...
-
Explain the result physically. A skier slides down a snowy plane slope. The plane makes an angle with respect to the horizontal direction. The skier is in the vertical field of gravity, of...
-
Using the observed value of molecular diffusion of heat in water, estimate how long it would take for a temperature anomaly to mix from the top of the ocean to the bottom, assuming that molecular...
-
In what ways do you see people buying into excuses or powerlessness?
-
Use the information in Figure 6.15 and the information below to show that the average bond energy of the C H bond is 415.9 kJ mol 1 H f [CH 4 ] = 74.8 kJ mol 1 H at [ 12 H 2 ] = +218 kJ mol 1 H ...
-
Identify the source of funds within Micro Credit? How does this differ from traditional sources of financing? What internal and external governance mechanisms are in place in Micro Credit?
-
P (A1) 5 .60, P (A2) 5 .40, P(B1A1) 5 .05, and P(B1A2) 5 .10. Use Bayes theorem to determine P (A1B1).
-
The Ludlow Wildcats baseball team, a minor league team in the Cleveland Indians organization, plays 70% of their games at night and 30% during the day. The team wins 50% of their night games and 90%...
-
Dr. Stallter has been teaching basic statistics for many years. She knows that 80% of the students will complete the assigned problems. She has also determined that among those who do their...
-
Provide the strengths and weakness of each of the theories of substance use disorders genetic, disease, moral, etc. What are the implications of each theory in an individual's pursuit of recovery...
-
highest mount you can ow finance 2. We sometimes need to find how long it will take a sum of money (or anything else) to grow to some specified amount. Note that you should enter PV as a negative and...
-
11. Selected information for Blake's Restaurant Supply follows. ($ millions) 2020 2021 Net sales 694 782 Cost of goods sold 450 502 Depreciation 51 61 Net income 130 142 Finished goods inventory 39...
Study smarter with the SolutionInn App