Answer:
The probability that X is less than 32 minutes is 0.736.
Step-by-step explanation:
Given : The random variable X is exponentially distributed, where X represents the time it takes for a person to choose a birthday gift. If X has an average value of 24 minutes.
To find : What is the probability that X is less than 32 minutes?
Solution :
If X has an average value of 24 minutes.
i.e. 
The random variable X is exponentially distributed, where X represents the time it takes for a person to choose a birthday gift.
The exponentially function is 
The function form according to question is
The probability that X is less than 32 minutes is
Therefore, the probability that X is less than 32 minutes is 0.736.
Answer:
- 1800 ; 4284.8579 ;
Step-by-step explanation:
Given the table :
Outcome _____ probability
-12000 ________ 0.15
__ 0 __________ 0.85
Expected loss, m: Σx*p(x)
(-12000 * 0.15) + (0 * 0.85)
-1800 + 0 = - 1800
Standard deviation = sqrt(Var(x))
Var(x) = Σx²*p(x) - m²
(-12000^2 * 0.15) + (0^2 * 0.85)] - 1800^2
21,600,000 - 3240000
= 18360000
Standard deviation = sqrt(18360000)
Standard deviation = 4284.8579
Answer:
$165.62
Step-by-step explanation:
284.28-40-48.39-30.27=165.62
Answer:
the variable n represents how many of the product thomas bought
Step-by-step explanation:
20 dollars is the initial amount of money, and for every paintbrush, you have to subtract 4 dollars from thomas's initial amount, and the result of the subtraction is the amount of change he will recieve.
