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egoroff_w [7]
3 years ago
14

The number of phone calls that Actuary Ben receives each day has a Poisson distribution with mean 0.1 during each weekday and me

an 0.2 each day during the weekend. The number of phone calls that Ben receives on one day is independent of the number of phone calls that he receives on other days. If today is Monday, what is the probability that Ben receives a total of 2 phone calls in a week?
Mathematics
1 answer:
Dovator [93]3 years ago
3 0

Answer:

There is a 0.73% probability that Ben receives a total of 2 phone calls in a week.

Step-by-step explanation:

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}

In which

x is the number of sucesses

e = 2.71828 is the Euler number

\mu is the mean in the given time interval.

The problem states that:

The number of phone calls that Actuary Ben receives each day has a Poisson distribution with mean 0.1 during each weekday and mean 0.2 each day during the weekend.

To find the mean during the time interval, we have to find the weighed mean of calls he receives per day.

There are 5 weekdays, with a mean of 0.1 calls per day.

The weekend is 2 days long, with a mean of 0.2 calls per day.

So:

\mu = \frac{5(0.1) + 2(0.2)}{7} = 0.1286

If today is Monday, what is the probability that Ben receives a total of 2 phone calls in a week?

This is P(X = 2). So:

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}

P(X = 2) = \frac{e^{-0.1286}*0.1286^{2}}{(2)!} = 0.0073

There is a 0.73% probability that Ben receives a total of 2 phone calls in a week.

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A financial talk show host claims to have a 55.3 % success rate in his investment recommendations. You collect some data over th
baherus [9]

Answer:

There is a 25.52% probability of observating 4 our fewer succesful recommendations.

Step-by-step explanation:

For each recommendation, there are only two possible outcomes. Either it was a success, or it was a failure. So we use the binomial probability distribution to solve this problem.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

In which C_{n,x} is the number of different combinations of x objects from a set of n elements, given by the following formula.

C_{n,x} = \frac{n!}{x!(n-x)!}

And p is the probability of X happening.

In this problem we have that:

p = 0.553, n = 10

If the claim is correct and the performance of recommendations is independent, what is the probability that you would have observed 4 or fewer successful:

This is

P(X \leq 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4)

In which

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

P(X = 0) = C_{10,0}.(0.553)^{0}.(0.447)^{10} = 0.0003

P(X = 1) = C_{10,1}.(0.553)^{1}.(0.447)^{9} = 0.0039

P(X = 2) = C_{10,2}.(0.553)^{2}.(0.447)^{8} = 0.0219

P(X = 3) = C_{10,3}.(0.553)^{3}.(0.447)^{7} = 0.0724

P(X = 4) = C_{10,4}.(0.553)^{4}.(0.447)^{6} = 0.1567

P(X \leq 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) = 0.0003 + 0.0039 + 0.0219 + 0.0724 + 0.1567 = 0.2552

There is a 25.52% probability of observating 4 our fewer succesful recommendations.

3 0
3 years ago
What is the answer 3 3/10- 2 23/100
guapka [62]

Answer:

1 7/100

Step-by-step explanation:

8 0
3 years ago
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kiruha [24]

Answer:

khanya pays higher

Step-by-step explanation:

You have to find the $/hr ratios:

khanya's is 480/8->$60/hr

rex's is 660/12->%55/hr

Khanya pays the higher rate

5 0
3 years ago
Is this multiplication? Can you also help me with the answer!?
vredina [299]

Answer:

84,375 m^2

Step-by-step explanation:

We need to find the surface area of the pyramid. The pyramid can be divided into 4 triangles and one square (the bottom).

Area of a triangle is 1/2*b*h where b is the base of the triangle and h is the height.

Area of a square is length times width.

Total area = 4\times(\frac{1}{2}\times 225 \times 75)+225\times225 = 84375 m^2

3 0
3 years ago
Calculate 177537+87439-19673​
nadezda [96]

Answer:

See below.

Step-by-step explanation:

Following order of operations:

177537+87439=264976

264976-19673=245303

So, 177537+87439-19673​ is equal to 245303.

-hope it helps

8 0
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