Question

Question 2 Ms Greenaway sells mangoes at a roundabout in her town. On any given day,...

Question 2

Ms Greenaway sells mangoes at a roundabout in her town. On any given day, the probability of Ms Greenaway selling 0 mangoes is 0.1, the probability of Ms Greenaway selling 1 mango is 0.7 and the probability of Ms Greenaway selling 2 mangoes is 0.2.

(a) Construct the probability distribution table for Ms Greenaway’s mango sales. [3 mark]

(b) Calculate Ms Greenaway’s expected daily mango sales and the standard deviation of Ms Greenaway’s daily mango sales.

Homework Answers

Answer #1

Let X = the number of mangoes sale by the Ms Greenaway

From the given information X takes values as 0, 1, 2 with probabilities 0.1, 0.7 and 0.2 respectively.

So the the probability distribution table for Ms Greenaway’s mango sales is as follow:

X P(X =x)
0 0.1
1 0.7
2 0.2
Total 1

b) The formula of expected value of X is

So, E(X) = 0*0.1 + 1*0.7 + 2 * 0.2 = 0.7 + 0.4 = 1.1 mangoes.

The formula of standard deviation is as

E(X2 ) = 02 *0.1 + 12​​​​​​​ *0.7 + 22​​​​​​​ *0.2 = 0+ 0.7 + 0.8 = 1.5

So that the standard deviation of X is

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
QUESTION 4 The number of laptops sold per day by Karisma Technology Berhad is given by...
QUESTION 4 The number of laptops sold per day by Karisma Technology Berhad is given by the following probability distribution function. Number of laptops (x) 0 1 2 3 4 P(X=x) 0.2 0.3 a a b If the mean of sales per day is 1.7, find the values of a and b.
Q: If you receive on average 2 spam emails per day, what is the probability that...
Q: If you receive on average 2 spam emails per day, what is the probability that you don't receive any spam email on a given day? Q: Given P(X)=0.2 P(X)=0.2, P(Y)=0.3 P(Y)=0.3 and P(X∩Y)=0.1 P(X∩Y)=0.1, what is P(X|Y)P(X|Y)? Q: What is the smallest possible sample mean of a bootstrap sample that you can obtain from the sample [1,2,3,4,5]? Q: An insurance company records on average 10 CTP claims per day. What is the probability that on a particular day at...
2. Assume the number of staff available in a given hospital in any given day follows...
2. Assume the number of staff available in a given hospital in any given day follows a normal distribution with an average of 150 staff and a standard deviation of 25 staff. The hospital requires a minimum of 100 staff to be operational but has a maximum carrying capacity of 175 staff. What is the probability that the hospital is not operational or over capacity?
A car dealership sells 0, 1, or 2 luxury cars on any day. When selling a...
A car dealership sells 0, 1, or 2 luxury cars on any day. When selling a car, the dealer also tries to persuade the customer to buy an extended warranty for the car. Let X denote the number of luxury cars sold in a given day, and let Y denote the number of extended warranties sold. 
 

 P(X = 0,Y = 0) = 1/6; P(X = 1,Y = 0) = 1/12; P(X = 1,Y = 1) = 1/6;
 P(X = 2,Y...
Sam is a representative who sells large appliances such as refrigerators, stoves, and so forth. Let...
Sam is a representative who sells large appliances such as refrigerators, stoves, and so forth. Let x = number of appliances Sam sells on a given day and let P(X) represent the probability of that many sales on a given day. X P(X) 0 0.20 1 0.25 2 0.20 3 0.35 Assume that the sales record is representative of the population of all sales days.(a) Compute the probability that x is between 1 and 3 (including 1 and 3). (b)...
Question 1 Refer to the probability function given in the following table for a random variable...
Question 1 Refer to the probability function given in the following table for a random variable X that takes on the values 1,2,3 and 4 X 1 2 3 4 P(X=x) 0.4 0.3 0.2 0.1 a) Verify that the above table meet the conditions for being a discrete probability distribution b) Find P(X<2) c) Find P(X=1 and X=2) d) Graph P(X=x) e) Calculate the mean of the random variable X f) Calculate the standard deviation of the random variable X...
You are given the following Discrete Probability Distribution p(x) Row x P(x) 1 1 0.1 2...
You are given the following Discrete Probability Distribution p(x) Row x P(x) 1 1 0.1 2 2 0.156 3 3 0.147 4 4 0.2 5 5 0.222 6 6 0.056 7 7 0.02 8 8 0.099 1 Provide the following: Mean (Expected value) Variance Standard Deviation Graph (Histogram) of the Probability Distribution
Question 2 a) In a certain city, the daily consumption of water (in millions of litres)...
Question 2 a) In a certain city, the daily consumption of water (in millions of litres) can be treated as a random variable having a Gamma distribution with ? = 3 and ? = 0.5. i) What is the random variable? What is the expected daily consumption? [2 marks] ii) If the daily capacity of the city is 12 million litres, what is the probability that this water supply will be inadequate on a given day? Set up the appropriate...
Question 1 A contractor is interested in the total cost of a project for which he...
Question 1 A contractor is interested in the total cost of a project for which he intends to bid. He estimates that materials will cost P25000 and that his labour will cost P900 per day. The contractor then formulates the probability distribution for completion time (X), in days, as given in the following table. Completion time in days (X) 10 11 12 13 14 P(X=x) 0.1 0.3 0.3 0.2 0.1 Determine the total cost function C for the project. Find...
A retired person’s income comes from earnings on her savings of £200,000. The table below shows...
A retired person’s income comes from earnings on her savings of £200,000. The table below shows how she values different levels of income. Income Total Utility 5,000 12 10,000 22 15,000 30 20,000 36 25,000 40 30,000 42 Describe, using first and second derivatives, her attitude toward risk? Briefly explain. She is currently earning 10% on her £200,000 in a risk-free investment. She has the choice of investing in a project that has a 40% probability of yielding a return...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT