Important Discrete Probability Distributions 5-1 Chapter Goals After completing this chapter‚ you should be able to: Interpret the mean and standard deviation for a discrete probability distribution Explain covariance and its application in finance Use the binomial probability distribution to find probabilities Describe when to apply the binomial distribution Use Poisson discrete probability distributions to find probabilities 5-2 Definitions Random Variables A random variable represents
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describe two main differences between classical and empirical probabilities. The differences between classical and empirical probabilities are that classical assumes that all outcomes are likely to occur‚ while empirical involves actually physically observing and collecting the information. 2. Gather coins you find around your home or in your pocket or purse. You will need an even number of coins (any denomination) between 16 and 30. You do not need more than that. Put all of the coins in
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residential area to demonstrate the use of a new Household appliance to potential customers. She has found from her years of experience that after demonstration‚ the probability of purchase (long run average) is 0.30. To perform satisfactory on the job‚ the salesperson needs at least four orders this week. If she performs 15 demonstrations this week‚ what is the probability of her being satisfactory? What is the probability of between 4 and 8 (inclusive) orders? Solution p=0.30 q=0.70 n=15
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titled “The Red‚ The White‚ and The Emo”‚ then chapter two is named “Embrace the Suck”. By glancing at the titles‚ one can assume the author to be irreverent‚ especially when the name of the book itself is called “Kaboom: Embracing the Suck in a Savage Little War”. His diction is clear to the audience that his tone is candid. Using words such as “savage” and “suck” tells readers of just how blunt and forthright Gallagher is. Before one of his combat missions‚ he explains‚ “I briefed my men that this
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from infringing on the freedom of speech of the citizenry of the United States. It does not prohibit private restrictions on speech. With this in mind‚ many universities have over the years instituted speech codes or have banned hate-speech. If you were in charge of a university what rules would you make for student conduct online? Explain your reasoning and support your answer with examples and other evidence. If our legal reality truly reflected our political rhetoric about liberty‚ Americans
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[Scene: Three boys are sitting at a parking lot in front of a convenience store. Each boy seems to be in their teens and wearing clothing that seems to cover up their bodies well. It seems to be reasonably late at night as it is dark and there are no other people around. It also has seemed to rain a bit so the pavement shines bright despite being so dark‚ as if it was black coffee. The only reasonable light source seems to be coming from the supermarket as it is resonating a dozen yards behind.]
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on operation only in Globus Stores Pvt. Ltd. That is “Store operation”. In retail there are so many fields like Apparel‚ Electronic (White products)‚ Grocery‚ confectionary‚ Pharmaceutical etc. Globus has started its journey as a chain of Departmental store but as soon as it launched its first store in Indore‚ they found an innovative idea to cover the next market with the specialty store instead of departmental store. So they open there next store as a specialty store of apparel segment. This story
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to amend the opening of classes. The existing school calendar which spans from June to March is often disrupted as destructive typhoons plague the region during the rainy season that’s why our lawmakers decided to move the opening of classes from September through May to avoid numerous class suspensions and serve to protect the students during strong typhoons. The Department of Education said that it is open to the proposal by some sectors‚ including lawmakers to move the opening of classes but they
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Hum115 12 Angry Men The character in this movie that was the most effective critical thinker was juror 8(Henry Fonda). The types of characteristics that Fonda‚ exemplify is provisionalism‚ creativity‚ and critical thinking. By doing this he is uncover new ways of interpreting evidence‚ turns to certainty and shortsightedness when arriving at conclusions. For example‚ Fonda commented on how the boy had been slapped around all his life and was treated poorly. This kind of thinking leads to more external
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Imagine that you are an African American living in the south during the 1960’s. During this time segregation would have been a daily problem for you. Segregation is when people are separated based on things like gender‚ race‚ or skin color. In the United States‚ from the end of the Civil War until 1964‚ people were separated by race. For example‚ white and black people could not attend the same schools‚ go to the same pools‚ movie theaters‚ or restaurants together and they could not use the same
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