Question

11. Part A: Create a real world (business) application and identify at least 2 random variables...

11.

Part A:

Create a real world (business) application and identify at least 2 random variables xi that can be approximated by the binomial probability distribution. (at-least 100 words).

Your answer. <Be as descriptive about your application as you can>.

Part B: Show that each that xi is a binomial random variable by checking each of the four characteristics.

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Dear I needed your support... Please help me.. please THUMBS UP...

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
The assignment is: Next, in SPSS, run frequency distributions for each of the categorical variables and...
The assignment is: Next, in SPSS, run frequency distributions for each of the categorical variables and descriptive statistics for each of the continuous variables. Consider also creating a graph or chart in SPSS to describe these distributions. For variables that have very small frequencies in at least one category (e.g., less than 7 people in a category), think about combining that category with another if it makes conceptual sense (i.e., there are very few Native Americans, does it make sense...
Random variables are used to model situations in which the outcome, before the fact, is uncertain....
Random variables are used to model situations in which the outcome, before the fact, is uncertain. One component in the model is the sample space. The sample space is the list of all possible outcomes (or a range of possible values). For each value in the sample space, there is an associated probability. The probability can either be an estimate of something that exists in the real world or it could be an exact value that comes from an ideal...
Dice Rolling) Write an application to simulate the rolling of two dice. The application should use...
Dice Rolling) Write an application to simulate the rolling of two dice. The application should use an object of class Random once to roll the first die and again to roll the second die. The sum of the two values should then be calculated. Each die can show an integer value from 1 to 6, so the sum of the values will vary from 2 to 12, with 7 being the most frequent sum and 2 and 12 being the...
Statistical Model for these? 1. For each random variable described below, decide whether the appropriate statistical...
Statistical Model for these? 1. For each random variable described below, decide whether the appropriate statistical model is Binomial, Poisson, Bernoulli, or none of these. Give some reason for your decision. a. You take a test with 15 questions. Each is right or wrong. X is the number of questions you answer correctly. b. X is the number of eggs laid by a lionfish (mean 30,000, BTW, and they can lay eggs up to every four days) c. You play...
The goal of statistics is to use data to understand something about the world. To obtain...
The goal of statistics is to use data to understand something about the world. To obtain useful results, a scientific approach should be followed. The basic approach can be summarized into a few steps. Write a question that can be answered by collecting data. Determine what variables to measure and how to collect a data sample. Analyze the data and create appropriate summaries. Create a report of the results, drawing conclusions or inferences where appropriate. For example, suppose you are...
Suppose we have a binomial experiment in which success is defined to be a particular quality...
Suppose we have a binomial experiment in which success is defined to be a particular quality or attribute that interests us. (a) Suppose n = 33 and p = 0.29. (For each answer, enter a number. Use 2 decimal places.) n·p = n·q = Can we approximate p̂ by a normal distribution? Why? (Fill in the blank. There are four answer blanks. A blank is represented by _____.) _____, p̂ _____ be approximated by a normal random variable because _____...
(8) Let x be a random variable that represents the level of glucose in the blood...
(8) Let x be a random variable that represents the level of glucose in the blood (milligrams per deciliter of blood) after a 12 hour fast. Assume that for people under 50 years old, x has a distribution that is approximately normal, with mean μ = 54 and estimated standard deviation σ = 11. A test result x < 40 is an indication of severe excess insulin, and medication is usually prescribed. (a) What is the probability that, on a...
A.) For this problem, carry at least four digits after the decimal in your calculations. Answers...
A.) For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. How hard is it to reach a businessperson by phone? Let p be the proportion of calls to businesspeople for which the caller reaches the person being called on the first try. (a) If you have no preliminary estimate for p, how many business phone calls should you include in a random sample to be 80% sure that...
Write a 4-6 sentence summary explaining how you can use STL templates to create real world...
Write a 4-6 sentence summary explaining how you can use STL templates to create real world applications. In your summary, provide an example of a software project that you can create using STL templates and provide a brief explanation of the STL templates you will use to create this project. After that you will implement the software project you described . Your application must be a unique project and must incorporate the use of an STL container and/or iterator and...
4) The correlation coefficient r is a sample statistic. What does it tell us about the...
4) The correlation coefficient r is a sample statistic. What does it tell us about the value of the population correlation coefficient ρ (Greek letter rho)? You do not know how to build the formal structure of hypothesis tests of ρ yet. However, there is a quick way to determine if the sample evidence based on ρ is strong enough to conclude that there is some population correlation between the variables. In other words, we can use the value of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT