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| Teaching Since: | May 2017 |
| Last Sign in: | 356 Weeks Ago, 3 Days Ago |
| Questions Answered: | 20103 |
| Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Question description
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1. The probability that a cellular phone company kiosk sells X number of new phone contracts per day is shown below. Find the mean for this probability distribution. Round it to the nearest tenths.
|
X |
4 |
5 |
6 |
8 |
10 |
|
P(X) |
0.4 |
0.3 |
0.1 |
0.15 |
0.05 |
2. The probability that a cellular phone company kiosk sells X number of new phone contracts per day is shown below. Find the variance for this probability distribution. Round it to the nearest hundredths.
|
X |
4 |
5 |
6 |
8 |
10 |
|
P(X) |
0.4 |
0.3 |
0.1 |
0.15 |
0.05 |
3. The probability that a cellular phone company kiosk sells X number of new phone contracts per day is shown below. Find the standard deviation for this probability distribution. Round the answer to the nearest hundredths.
|
X |
4 |
5 |
6 |
8 |
10 |
|
P(X) |
0.4 |
0.3 |
0.1 |
0.15 |
0.05 |
4. A landscape contractor bids on jobs where he can make $3000 profit. The probability of getting 1, 2, 3, or 4 jobs per month are shown below. Find the contractor's profit per month.
|
Number of jobs |
1 |
2 |
3 |
4 |
|
Probability |
0.2 |
0.3 |
0.4 |
0.1 |
5. If the variance of a random variable is 4, what is the standard deviation?
6. For a game at the carnival you get to roll a ten-sided die, numbered from 1 to 10. If you roll at least a 3, you win$10. Unfortunately, if you roll anything else, you lose $15. How much money do you expect to make (or lose) per game?
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