Answer:
The average rate of change from 3 to 6 storms = 0.04
Step-by-step explanation:
Let number of Storms = N
And Predicted Gas Price = P
it is required to find the average rate of change from 3 to 6 storms.
At N = 3 ⇒ P = $2.44
At N = 6 ⇒ P = $2.56
So, the average rate of change =
Using the binomial distribution, it is found that the variance of the number that pass inspection in one day is 5.7.
For each component, there are only two possible outcomes, either it passes inspection, or it does not. The probability of a component passing inspections is independent of any other component, hence, the binomial distribution is used to solve this question.
Binomial probability distribution
Probability of <u>exactly x successes on n repeated trials, with p probability</u>, and has variance given by:
In this problem:
The variance is given by:
The variance of the number that pass inspection in one day is 5.7.
To learn more about the binomial distribution, you can take a look at brainly.com/question/24863377