Answer:
μ = 1 The firm expects that one oil exploration will be successful.
v(x)= 0.9
Step-by-step explanation:
The first step is to define the random variable x as:
x: number of oil explorations being succesful
Then x can be take this values:
x = 0 , x =1 ... x =10
x is a binomially distributed random variable with parameters.
p = 0.1 and n=10
And the mean or the expected value of x is:
μ = E(x) = np
Then μ = 10*0.1 = 1
And the variance of x is:
V(x) = np(1-p)
V(x) = 10(0.1)(1-0.1)= 0.9
Answer:
1/3 = 4/12
1/4 = 3/12
Step-by-step explanation:
1/3 * 4/4 = 4/12
1/3 = 4/12
1/4 * 3/3 = 3/12
1/4 = 3/12
Answer:
the answer is 3x2-10x+6=0
Answer:
The 90% confidence interval for the population proportion of all such firms with this as the primary motivation is (69.96%, 80.04%).
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of
, and a confidence level of
, we have the following confidence interval of proportions.

In which
z is the z-score that has a p-value of
.
The Corporate Lawyer, a magazine for corporate lawyers, reported that out of 200 firms with employee stock ownership plans, 150 indicated that the primary reason for setting up the plan was tax related.
This means that 
90% confidence level
So
, z is the value of Z that has a p-value of
, so
.
The lower limit of this interval is:

The upper limit of this interval is:

As percent:
0.6996*100% = 69.96%
0.8004*100% = 80.04%.
The 90% confidence interval for the population proportion of all such firms with this as the primary motivation is (69.96%, 80.04%).