Question: QUESTION 22 - THE BINOMIAL AND POISSON DISTRIBUTIONS [25 MARKS]- a ) It has been estimated that 35% of all new employees of the WindThroft

QUESTION 22 - THE BINOMIAL AND POISSON DISTRIBUTIONS [25 MARKS]- a ) It has been estimated that 35% of all new employees of the WindThroft company have a first degree. In a sample of 10 new employees. (i) What is the probability that exactly 4 of them have first degrees? [2 marks] (ii) What is the probability that at least three (3) of them have first degrees? [8 marks] (iii) Calculate the Mean, Variance and Standard deviation of the distribution [5 marks] b) The number of accidents on a particular cargo ship average 4.4 per year. If the number of accidents follows a Poisson distribution, what is the probability that there are more than 2 accidents next year? [7 marks] ii. Find the Mean, Variance and Standard deviation of the distribution [3 marks]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Hi need to get done only one article from the given ones but please choose any one except article no 2 as i have already done that one. please choose right theory and apply it on the article and...

CERTIFICATE IV IN FINANCE AND MORTGAGE BROKING - FN540820 Page 1 UNIT 9 MANAGE PERSONAL AND PROFESSIONAL DEVELOPMENT Unit Code: BSBPEF501 This unit describes the skills and knowledge required to...

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

You own a small storefront retail business and are interested in determining the average amount of money a typical customer spends per visit to your store. You take a random sample over the course of...

Social and managerial decisions are based for the most part upon: Group of answer choices relative frequency probability. classical probability. subjective probability. conditional probability. Flag...

Use the data in table below to answer Questions 5-8. Date Weld Defects Date Weld Defects 12-May-20 19 22-May-20 13 13-May-20 12 23-May-20 3 14-May-20 10 24-May-20 18 15-May-20 19 25-May-20 7...

I am doing tax return project. attachments are the materials professor provide. He wants me to do a current year engagement file (Similar with prior year engagement file). AC 371 Tax Return Project...

Q 1 2 3 4 5 6 7 8 9 10 Answe r Q 11 1 21 31 41 51 61 71 81 92 0 Answe r Q Answe r 2 12 22 32 42 52 62 72 82 93 0 Q 3 13 23 33 43 53 63 73 83 94 0 1 Answe r Q 4 14 24 34 44 54 64 74 84 95 0 Answer Use...

I am wondering if anyone has corrected solutions to fnce 300 assignments 1 2 and 3. I am concered about my answers and would love to compare. Pretty sure on my answers for 1 and 2 mainly interested...

From 1998-2006 there were four large, well-funded competitors in the regional theme park industry. In order: Six Flags, Cedar Fair, Paramount Parks, and Busch Entertainment. Of these, Cedar Fair was...

Crystalline silicon has a cubic structure. The unit cell edge length is 543 pm. The density of the solid is 2.33 g/cm3. Calculate the number of Si atoms in one unit cell?

The following account balances appear in the 2024 adjusted trial balance of Robin Corporation: Common Stock, $21,000, Retained Earnings, $7100; Dividends, $1,000; Service Revenue, $25.300; Salaries...

Which of the following IT sourcing decisions typically require input from non - IT managers? ( Select all that apply ) Question options: software embedded into your firms products and services...

Consider the following information: State Probability Stock A Stock B Stock C Boom 0.65 0.09 0.04 0.03 Bust 0.35 -0.15 0.22 -0.03 What is the expected return on an equally weighted portfolio of these...

=+d. Purchaser: buys the item.

=+3. Speak in an appropriate tone of voice. If you're reaching out to families looking for a fun vacation look at how Disney vacations always sound like exciting adventures.

3 When you are in a position, either now or in the future, to have an impact on the psychological contracts of other people (e. g. those reporting to you), what are the key lessons you will keep in...