Title | S1123 Chapter 10 Solutions |
---|---|
Course | Basic Probability and Statistics for Business |
Institution | Langara College |
Pages | 1 |
File Size | 67.6 KB |
File Type | |
Total Downloads | 37 |
Total Views | 124 |
Dr. Chien-Hsun Chang...
EX 10.1
x
1
f(x)
1/6
2
3
1/6
1/6
4
5
6
1/6
1/6
1/6
EX 10.2 a) Since f x 0.6 , which is not between 0 and 1 inclusive, so it is NOT a probability distribution. b)
Since
EX 10.3 a)
f x 1.1 1 , so it is NOT a probability distribution. x f x 00.05 10.4 20.3 3 0.2 4 0.05 1.8
A randomly selected household owns an average of 2 LED TVs. b)
f x 1 1 f x 0 1 0.05 0.95
c)
f x 2 f x 0 f x 1 f x 2 0.05 0.4 0.3 0.75
d)
f 1 x 4 f x 2 f x 3 0.3 0.2 0.5
EX 10.4 X the profit for the insurance company by insuring the antique watch x f(x)
350 0.995
-24650 0.005
E X x f x 3500.995 246500.005 225 The insurance company expects to earn a profit of 225 dollars by insuring this antique watch.
EX 10.5
x
2
f x
350 225 2 0.995 24650 225 20.005
3109375 1736.34
1...