Theo budgets $154 for karate classes. He buys a karate uniform, called a dogi, for $12. If it costs $8 to attend each karate cla
2 answers:
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Answer:
a) Joint ptobability distribution
b) P(X<= 1 and Y <= 1) = P(X<= 1) * P(Y<=1) = 0.56
c) P(X + Y = 0)=0.3
d) P(X + Y <= 1)=0.53
Step-by-step explanation:
We have to construct the joint probability table with the marginal probabilities of X and Y.
X can take values from 0 to 2, and Y can take values from 0 to 4.
We can calculate each point of the joint probability as:
Then, the joint probabilities are:
X=0 Y=0 Px=0.5 Px=0.6 P(0,0)=0.3
X=0 Y=1 Px=0.5 Px=0.1 P(0,1)=0.05
X=0 Y=2 Px=0.5 Px=0.05 P(0,2)=0.025
X=0 Y=3 Px=0.5 Px=0.05 P(0,3)=0.025
X=0 Y=4 Px=0.5 Px=0.2 P(0,4)=0.1
X=1 Y=0 Px=0.3 Px=0.6 P(1,0)=0.18
X=1 Y=1 Px=0.3 Px=0.1 P(1,1)=0.03
X=1 Y=2 Px=0.3 Px=0.05 P(1,2)=0.015
X=1 Y=3 Px=0.3 Px=0.05 P(1,3)=0.015
X=1 Y=4 Px=0.3 Px=0.2 P(1,4)=0.06
X=2 Y=0 Px=0.2 Px=0.6 P(2,0)=0.12
X=2 Y=1 Px=0.2 Px=0.1 P(2,1)=0.02
X=2 Y=2 Px=0.2 Px=0.05 P(2,2)=0.01
X=2 Y=3 Px=0.2 Px=0.05 P(2,3)=0.01
X=2 Y=4 Px=0.2 Px=0.2 P(2,4)=0.04
We can write it in the form of a matrix:
b) From the joint probability P(X<= 1 and Y <= 1) is equal to
We can calculate P(X<= 1) * P(Y<=1)
Both calculations give the same result.
c) Probability of no violations
d) P(X + Y <= 1)
- <u>Jan </u><u>purchased </u><u>1</u><u>4</u><u>0</u><u> </u><u>shares </u><u>of </u><u>stock </u><u>in </u><u>ABC </u><u>company </u><u>at </u><u>a </u><u>price </u><u>of </u><u>$</u><u>1</u><u>8</u><u>.</u><u>7</u><u>5</u><u> </u><u>per </u><u>share </u>
- <u>During </u><u>the </u><u>next </u><u>3</u><u> </u><u>days</u><u>, </u><u> </u><u>the </u><u>value </u><u>of </u><u>share </u><u>declined </u><u>by </u><u>$</u><u>1</u><u>.</u><u>0</u><u>0</u><u> </u><u>,</u><u> </u><u>$</u><u>1</u><u>.</u><u>7</u><u>5</u><u> </u><u>and </u><u>$</u><u>1</u><u>.</u><u>5</u><u>0</u>
- <u>We </u><u>have </u><u>to </u><u>find </u><u>the </u><u>value </u><u>of </u><u>a </u><u>share </u><u>of </u><u>ABC </u><u>stock </u><u>at </u><u>the </u><u>end </u><u>of </u><u>3</u><u> </u><u>days </u>
<u>According </u><u>to </u><u>the </u><u>question</u><u>, </u>
Cost of 1 share of ABC company = $18.75
<u>Therefore</u><u>, </u>
Cost of 140 shares purchased by Jan in the ABC company
<u>Now</u><u>, </u>
For next 3 days, the value of share declined
<u>Therefore</u><u>, </u>
The value of shares after 3 days will be
Hence, The value of share after 3 days will be $18.75 .