Question 1.
Recall your consultancy work for Drovandi Marketing and Networks (DMN) from your last PST. In the final phase of your current project, MXB101, you are required to delve into the minds of customers. DMN has taken a large survey of customers buying a particular product. From this survey, they know that:
DMN estimates that 20% of the population in the local area have bought this product. DMN has surveyed locals who haven’t purchased the product and estimates that:
What is the probability that a person under 25 will buy this product?
Question 2.
Outpatient clinics are hospital clinics that have appointments for patients who visit the hospital without being admitted. At one particular clinic, it is known that the distribution of appointment times (in hours), X, is described by the cumulative distribution function
FX(x) = k − e−x2, x ≥ 0.
e−3/4 ≈ 0.47.
Note: You do not have to evaluate the integral you write down.
Question 3.
The number of business days in a week, X, that the outpatient clinic is over capacity is a random variable with the following probability mass function.
x |
0 |
1 |
2 |
3 |
4 |
5 |
Pr(X = x) |
0.04 |
0.23 |
a |
0.19 |
0.12 |
b |
Find the value of a and b such that E(X2) = 5.75.
can you help me answer these questions?
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