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Nonamiya [84]
3 years ago
11

Howard pays $327 for one dozen collector's edition baseball cards. About how much does he pay for each baseball card?

Mathematics
2 answers:
expeople1 [14]3 years ago
6 0
327 for one dozen, or 327 for 12

327/12 = 27.25

Howard pays $27.25 for each card
Novosadov [1.4K]3 years ago
4 0
Divide 327 by 12 to get 27.25. Howard pays 27 dollars and 25 cents for each card.
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(a) E(X) = 950

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(a) What is the expected number of non-defective units?

The expected number of non-defective units is given by

E(X) = n \times p \\\\E(X) = 1000 \times 0.95 \\\\E(X) = 950

(b) what is the COV of the number of non-defective units?

The coefficient of variance is given by

$ COV = \frac{\sigma}{E(X)} $

Where the standard deviation is given by

\sigma = \sqrt{n \times p\times q} \\\\\sigma = \sqrt{1000 \times 0.95\times 0.05} \\\\\sigma = 6.892

So the coefficient of variance is

$ COV = \frac{6.892}{950} $

$ COV = 0.007255$

(c) What is the probability of having more than 980 non-defective units?

We can use the Normal distribution as an approximation to the Binomial distribution since n is quite large and so is p.

P(X > 980) = 1 - P(X < 980)\\\\P(X > 980) = 1 - P(Z < \frac{x - \mu}{\sigma} )\\\\

We need to consider the continuity correction factor whenever we use continuous probability distribution (Normal distribution) to approximate discrete probability distribution (Binomial distribution).

P(X > 980)  = 1 - P(Z < \frac{979.5 - 950}{6.892} )\\\\P(X > 980)  = 1 - P(Z < \frac{29.5}{6.892} )\\\\P(X > 980)  = 1 - P(Z < 4.28)\\\\

The z-score corresponding to 4.28 is 0.99999

P(X > 980) = 1 - 0.99999\\\\P(X > 980) = 0.00001\\\\

So it means that it is very unlikely that there will be more than 980 non-defective units.

8 0
3 years ago
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