Answer:
a). The mean = 1000
The variance = 999,000
The standard deviation = 999.4999
b). 1000 times , loss
Step-by-step explanation:
The mean of geometric distribution is given as , 
And the variance is given by, 
Given : 
= 0.001
The formulae of mean and variance are :
a). Mean =
= 
= 1000
Variance =
= 
= 999,000
The standard deviation is determined by the root of the variance.
= 
= 999.4999
b). We expect to have play lottery 1000 times to win, because the mean in part (a) is 1000.
When we win the profit is 500 - 1 = 499
When we lose, the profit is -1
Expected value of the mean μ is the summation of a product of each of the possibility x with the probability P(x).
= $ 0.50
Since the answer is negative, we are expected to make a loss.
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Answer:
Step-by-step explanation:
A parameter describes a population, and a statistic describes a sample.
The first one is a statistic. A sample was surveyed.
The second one is a parameter. It describes the entire soccer team.
The third one is a statistic. A sample was surveyed.
The fourth one is a parameter. It describes the entire golf team.
Let the hours Kade worked = X
Theo would be X - 3 ( 3 less than Kade).
Now you have:
X + X -3 = 27
Combine like terms:
2x - 3 = 27
Add 3 to each side:
2x = 30
Divide both sides by 2:
x = 15
Kade worked 15 hours.
Theo worked 12 hours.
