Question

Please provide solutions to the following problems. Please use Excel to solve the problems and submit...

Please provide solutions to the following problems. Please use Excel to solve the problems and submit the Excel spreadsheet.

1. A fair coin is tossed 15 times, calculate the probability of getting 0 heads or 15 heads

2. A biased coin with probability of head being .6 is tossed 12 times. What is the probability that number of head would more than 4 but less than or equal to 10.

3. You have a biased dice (with six faces numbered 1,2,3,4,5 and 6) in that odd numbers are thrice as likely as even numbers to show. You toss the dice 10 times. What is the probability that an even number would show up 5 times.

4. If z has a standard normal distribution, calculate the following probability. P(-.3≤z≤10)

5. If x has a normal distribution with mean 15 and standard deviation 2, calculate the following probabilities: P(1≤x<15)

Homework Answers

Answer #1

Please post 3rd question separately

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You have a biased dice (with six faces numbered 1,2,3,4,5 and 6) in that even numbers...
You have a biased dice (with six faces numbered 1,2,3,4,5 and 6) in that even numbers are twice as likely as odd numbers to show. You toss the dice 15 times. What is the probability that An even number would show up 5 times? 1 would show up five times? Can it be formulated as a Binomial distribution for answering (a)? If so, how would you solve it? Can it be formulated as a Binomial distribution for answering (b)? If...
In need of assistance. Please show your work -----> Given: Chance Experiment involving tossing a biased...
In need of assistance. Please show your work -----> Given: Chance Experiment involving tossing a biased coin. Probability of heads: p = .20 A) The coin is tossed 12 times. Let z = the # of heads tossed. i) What type of distribution would you use to find probabilities in this case? What is the general distribution function, p(z), you would use to find probabilities? ii) Find the probability of tossing exactly 5 heads iii) Probability of tossing at least...
pls show work not on excel ! will given good review Exercise 3.3. Suppose we roll...
pls show work not on excel ! will given good review Exercise 3.3. Suppose we roll 2 fair, 20-sided dice, each with faces numbered 1 through 20. What is the probability that the sum of the numbers rolled is divisible by 2 or 3? Exercise 3.5. Building on the previous exercise, suppose again that n ∈ N and that k is an integer with 0 ≤ k ≤ n. Suppose also that p ∈ [0, 1] and that we have...
Q1. Let p denote the probability that the coin will turn up as a Head when...
Q1. Let p denote the probability that the coin will turn up as a Head when tossed. Given n independent tosses of the same coin, what is the probability distribution associated with the number of Head outcomes observed? Q2. Suppose you have information that a coin in your possession is not a fair coin, and further that either Pr(Head|p) = p is certain to be equal to either p = 0.33 or p = 0.66. Assuming you believe this information,...
A biased coin (one that is not evenly balanced) is tossed 6 times. The probability of...
A biased coin (one that is not evenly balanced) is tossed 6 times. The probability of Heads on any toss is 0.3. Let X denote the number of Heads that come up. 1. Does this experiment meet the requirements to be considered a Bernoulli Trial? Explain why or why not. 2. If we call Heads a success, what would be the parameters of the binomial distribution of X? (Translation: find the values of n and p) 3. What is the...
Use Excel to look up the following Z values. Note that ZA is the Z-value that...
Use Excel to look up the following Z values. Note that ZA is the Z-value that gives you the associated probability or the area under the curve (A – Area). Write out the Excel function and inputs used for your calculation. a. P(Z<Z.70)= .70 Show solution graphically. Make sure the probability and z value are clearly labeled. b. P(Z>Z.12)= .12 Show solution graphically. Make sure the probability and z value are clearly labeled. c. P(-ZA<Z<ZA)= .88 Assume that probability is...
Instructions: You are required to use a financial calculator or spreadsheet (Excel) to solve the problems...
Instructions: You are required to use a financial calculator or spreadsheet (Excel) to solve the problems (provided on page 4) related to risk and return characteristics and stock/bond valuation. You are required to show the following three steps for each problem (sample problems and solutions are provided for guidance): (i) Describe and interpret the assumptions related to the problem. (ii) Apply the appropriate mathematical model to solve the problem. (iii) Calculate the correct solution to the problem. The market return,...
Instructions: You are required to use a financial calculator or spreadsheet (Excel) to solve the problems...
Instructions: You are required to use a financial calculator or spreadsheet (Excel) to solve the problems (provided on page 4) related to risk and return characteristics and stock/bond valuation. You are required to show the following three steps for each problem (sample problems and solutions are provided for guidance): (i) Describe and interpret the assumptions related to the problem. (ii) Apply the appropriate mathematical model to solve the problem. (iii) Calculate the correct solution to the problem. A company’s non-callable...
Please solve using EXCEL and show steps. In the Northwest Bank waiting line system, assume that...
Please solve using EXCEL and show steps. In the Northwest Bank waiting line system, assume that the service times for drive-up teller follow an exponential probability distribution with a mean of 100 customers per hour. Use the exponential probability distribution to answer the following questions: a. What is the probability that the service time is one minute or less? b. What is the probability that the service time is two minutes or less? c. What is the probability that the...
Use Excel functions to find the following probability of Normal distribution a.) P (X > 70)...
Use Excel functions to find the following probability of Normal distribution a.) P (X > 70) when X ~ N (65, 10) b.) P(20 < X < 40) when X ~ N (32, 12)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT