Question

Problem 2. Analysts estimate the probability that Candidate A will run for New York City mayor...

Problem 2.
Analysts estimate the probability that Candidate A will run for New York City mayor as a Democrat in the next election is 85%, and the probability that Candidate B will run as a Republican is 45%. If their political decisions are independent, then what is the probability that Candidate A runs for mayor but Candidate B doesn’t?
Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
2. Republican Presidential candidate Donald Trump promises to pass a bill to build a wall on...
2. Republican Presidential candidate Donald Trump promises to pass a bill to build a wall on the U.S. border. Polls show that 80% of registered Democrats are against this bill, while 70% of registered Republicans and 50% of registered Independents favor the bill. The distribution of party affiliation is 40% Democrat, 35% Republican, and 25% Independent. (5) a. What is the probability that someone picked at random favors the bill? (5) b. Suppose a randomly selected person does not favor...
Six Twelve, Inc., is considering opening up a new convenience store in downtown New York City....
Six Twelve, Inc., is considering opening up a new convenience store in downtown New York City. The expected annual revenue at the new store is $720,000. To estimate the increase in working capital, analysts estimate the ratio of cash and cash-equivalents to revenue to be 0.03 and the ratios of receivables, inventories, and payables to revenue to be 0.05, 0.10, and 0.04, respectively, in the same industry. What is the expected incremental cash flow related to working capital when the...
Problem 2: Assume that the finishing times in a New York City 10-kilometer road race are...
Problem 2: Assume that the finishing times in a New York City 10-kilometer road race are normally distributed with a mean of 61 minutes and a standard deviation of 9 minutes. a) What percentage of the finishing times exceeds 72 minutes? b) What percentage of the finishing times is between 52 and 70 minutes? c) Find the value of the 95th percentile, P95, for this random variable. d) Use the information from part (c) to circle the correct choice and...
New York City is the most expensive city in the United States for lodging. The mean...
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $54. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $225 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $141 per night...
New York City is the most expensive city in the United States for lodging. The mean...
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $203 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $54. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $227 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $140 per night...
New York City is the most expensive city in the United States for lodging. The mean...
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $53. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $226 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $142 per night...
New York City is the most expensive city in the United States for lodging. The mean...
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $203 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $54. a. What is the probability that a hotel room costs $224 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $141 per night (to 4 decimals)? c. What is...
New York City is the most expensive city in the United States for lodging. The mean...
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $54. Using EXCEL. a. What is the probability that a hotel room costs $225 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $143 per night (to 4 decimals)? c....
The average cost per night of a hotel room in New York City is $275 (SmartMoney,...
The average cost per night of a hotel room in New York City is $275 (SmartMoney, March 2009). Assume this estimate is based on a sample of 45 hotels and that the sample standard deviation is $70 a. With 95% confidence, what is the margin of error? b. What is the 95% confidence interval estimate of the population mean? c.Two years ago the average cost of a hotel room in New York City was $229. Discuss the change in cost...
The times of the finishers in the New York City 10km run are normally distributed with...
The times of the finishers in the New York City 10km run are normally distributed with a mean of µ minutes and standard deviation of 9 minutes. It is known that 80% of finishers have a finish time greater than 53.44 minutes. Let X denote the finishing time for finishers in this race. Find the mean finishing time (µ). Note: Provide the R code and output for the z-value or finding the area under the standard normal curve. In 2013...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT