Question: Use the probability distribution to answer the questions. x P(x) 0 0.02 1 0.13 2 0.31 3 0.27 4 0.15 5 0.09 6 0.03 What

Use the probability distribution to answer the questions.

x

P(x)
0 0.02
1 0.13
2 0.31
3 0.27
4 0.15
5 0.09
6 0.03

  1. What is the probability x being 4?
  2. What is the probability x being at least 2?
  3. Is x = 0 an unusual outcome? Explain in 1 - 2 complete sentences.
  4. Find the mean of the probability distribution
  5. Find the standard deviation of the probability distribution
  6. Use the range rule-of-thumb to find the limits of significant numbers of high or low scores

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!

Q:

Buffelheads stock price is $220 and could halve or double in each six-month period (equivalent to a standard deviation of 98 percent). A one-year call option on Buffelhead has an exercise price of...

Q:

a Let Us Try! '\\ Hello! I hope you are having a good day. Before proceeding to Lesson 1, try to read and answer the activity below rst. Let us try rst your understanding of the concept. Get 1/2...

Q:

THIS IS FOR STAT PLEASE ASNWER CLEARLY Q1 ( A value of x= 2.9 ( IS OR IS NOT ) possible because x is a ( CONTINOUES OR DIRCRITE) random variable. In a recent year, a hospital had 4226 births. Find...

Q:

#46,54,58,62 A player receives one ti or the game for every 10 points Section 6.2 Exercises dent. selected roll. Fored. Define 1 = number of tickets Ana gets on a randomly 427 s a Normal What shape...

Q:

3 Problem # 2. The following frequency distribution table represents the time (in seconds) it takes the victim of a crime to call the police. Find the class width (1 point), class midpoints (1...

Q:

1) Determines which of the following probabilities to the three (3) results of an experiment are valid. P(E1) = 0.22, P(E2) = 0.33, P(E3) = 0.45 P(E1) = 0.10, P(E2) = 0.25, P(E3) = 0.40 P(E1) = 0.32,...

Q:

1. A study conducted at a certain college shows that 39% of the school's graduates find a job in their chosen field within a year after graduation. Find the probability that among 9 randomly selected...

Q:

a) What is the standard deviation on this portfolio? (Report to 4 decimal places and include appropriate units) b) What is the standard deviation on this second portfolio? (Report to 4 decimal places...

Q:

DSCI 2710 PRACTICE EXAM 2-A 1. One of the following statements is false and the other four are true. Identify the false statement. a. For two events, A and B, P(A and B) is equal to P(A)AP(B)...

Q:

4. Use the probability distribution for the random variable x to answer the question. x 0 1 2 3 4 5 p ( x ) 0.05 0.25 0.2 0.05 0.15 0.3 Find, 2 , and. (Round your standard deviation to two decimal...

Q:

Given the probability distributions shown below, complete the following parts. a. Compute the expected value for each distribution. b. Compute the standard deviation for each distribution. c. What is...

Q:

Explain why Benfords Law is useful to auditors in the detection of fraud.

Q:

1. Identify the product cost for a business from the following: a Depreciation of factory machines b Depreciation of accounting department furniture c Depreciation of admin building d Depreciation...

Q:

Which of the following is NOT one of the 3 factors used to determine the minimum length of the payment period with the fixed amount settlement option? A ) A guaranteed interest rate B ) The age of...

Q:

A trader wishes to unwind a position of 200,000 units in an asset over eight days. The dollar bidoffer spread, as a function of daily trading volume q, is a + b cq where a = 0.2, b = 0.15 and c = 0.1...

Q:

The Ultra-Cool Ice Cream Company wants to ensure that all its products are prepared with precision to produce a consistent taste. Periodically, a sample of ice cream is removed from the processing...

Q:

Given that z is a standard normal random variable, find z for each situation? a. The area to the left of z is .2119. b. The area between - z and z is .9030. c. The area between - z and z is .2052. d....

Q:

What is the purpose of the Sarbanes-Oxley Act?

Q:

Provide realistic examples of each of the risk response strategies for both negative and positive risks.

Q:

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

Q:

Explain the difference between executive pay with pay for nonexecutives.

Q:

Explain disability benefits under OASDI. Compare it with workers compensation.

Q:

Summarize the executive compensation disclosure rules and the reasons why they have been established.