Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Use the following information to answer the next five exercises: Suppose that a group of statistics students is divided into two groups: business majors and non-business majors. There are 16business majors in the group and seven non-business majors in the group. A random sample of nine students is taken. We are interested in the number of business majors in the sample.

On average (μ), how many would you expect to be business majors?

Short Answer

Expert verified

In the group of statistics students, the predicted number (average) of business majors isμ=6.266

Step by step solution

01

Formula used

The mean of a probability distribution with parameters r,b&nis:

μ=nrr+b

02

Given

Already we are havingr=16,b=7and n=9

03

Calculation

The mean is calculated by substituting r=16,b=7and n=9into the formula above:

μ=9*1616+7=6.2609

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

An emergency room at a particular hospital gets an average of five patients per hour. A doctor wants to know the probability that the ER gets more than five patients per hour. Give the reason why this would be a Poisson distribution.

Define the random variable X.

Construct a probability distribution table for the data.

A consumer looking to buy a used red Miata car will call dealerships until she finds a dealership that carries the car. She estimates the probability that any independent dealership will have the car will be 28%. We are interested in the number of dealerships she must call.

a. In words, define the random variable X.

b. List the values that X may take on.

c. Give the distribution of X. X~ _____(_____,_____)

d. On average, how many dealerships would we expect her to have to call until she finds one that has the car?

e. Find the probability that she must call at most four dealerships.

f. Find the probability that she must call three or four dealerships

There are two similar games played for Chinese New Year and Vietnamese New Year. In the Chinese version, fair dice with numbers 1, 2, 3, 4, 5, and 6 are used, along with a board with those numbers. In the Vietnamese version, fair dice with pictures of a gourd, fish, rooster, crab, crayfish, and deer are used. The board has those six objects on it, also. We will play with bets being \(1. The player places a bet on a number or object. The “house” rolls three dice. If none of the dice show the number or object that was bet, the house keeps the \)1 bet. If one of the dice shows the number or object bet (and the other two do not show it), the player gets back his or her \(1 bet, plus \)1 profit. If two of the dice show the number or object bet (and the third die does not show it), the player gets back his or her \(1 bet, plus \)2 profit. If all three dice show the number or object bet, the player gets back his or her \(1 bet, plus \)3 profit. Let X = number of matches and Y = profit per game.

a. In words, define the random variable X.

b. List the values that X may take on.

c. Give the distribution of X. X ~ _____(_____,_____)

d. List the values that Y may take on. Then, construct one PDF table that includes both X and Y and their probabilities.

e. Calculate the average expected matches over the long run of playing this game for the player.

f. Calculate the average expected earnings over the long run of playing this game for the player

g. Determine who has the advantage, the player or the house.

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free