Question

1. A binomial experiment consists of 11 trials. The probability of success on trial 4 is 0.41. What is the probability of success on trial 8?

A. 0.71

B. 0.41

C. 0.39

D. 0.84

E. 0.14

2. A binomial experiment consists of 20 trials. The probability of success on trial 13 is 0.41. What is the probability of failure on trial 17

• 0.82
• 0.43
• 0.18
• 0.58
• 0.84
• 0.59

A. 0.58

B. 0.82

C. 0.18

D. 0.59

E. 0.43

3. A company buys a policy to insure its revenue in the event of major snowstorms that shut down business. The policy pays nothing for the first such snowstorm of the year and $9000 for each one thereafter, until the end of the year. The number of major snowstorms per year that shut down business has a Poisson distribution with mean 2.2.
Find the expected amount paid to the company under this policy during a one-year period.

  

Answer 1

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