Statistic and Probability discussion

Feb 9th, 2014
Price: $35 USD

Question description

  1. The probabilities that a parole officer receives 0, 1, 2, 3, 4, or 5 violations a month are 0.15, 0.25, 0.36, 0.18, 0.04, and 0.02, respectively. What are the mean and variance of monthly violations received?

  2. The probabilities that a building inspector will observe 0, 1, 2, 3, 4, or 5 code violations in a newly constructed suburban home are 0.48, 0.25, 0.14, 0.08, 0.04, and 0.01, respectively. What are the mean and variance of building code violations?

  3. Infidelity is given as the reason for 55 percent of all divorce cases filed in Onondaga County. What is the probability that four of the next six divorce cases filed will be due to infidelity?

  4. A study shows that 50 percent of households in Syracuse have at least 2 cars. Out of 16 randomly chosen households, what is the probability that

    1. exactly nine have at least 2 cars;

    2. at most six have at least 2 cars;

    3. anywhere from 8 to 12 have at least 2 cars?

  5. There are ten banks in a country. Each has a 2.0% chance of failing in a given year. The amount of money needed to rescue a failing bank would be $100 million. The government has an insurance fund of $200 million to cover such emergencies. However, if more than two banks fail in a given year, the government cannot pay the depositors, and a general economic panic and collapse will ensue.

    1. Assuming that banks fail independently of each other, what is the chance in any given year that the banking system will collapse?

    2. The assumption that banks fail independently of one another is in fact incorrect. If one bank goes bankrupt, this generally places a strain on the entire banking system, since this bank may default on loans from other banks. So if one bank goes broke, the chance that any one of the others collapses would be greater than 2%. Is the true chance of a catastrophe underestimated or overestimated by the calculation in part a?

  6. A study shows that 40 percent of all patients coming to the emergency room at City Hospital have non-emergency conditions. What are the probabilities that among the next nine patients coming to the emergency room, 0, 1, 2, 3, ..., 8, or 9 will have non-emergency conditions?

7. 64 percent of all individuals diagnosed with lymphatic cancer will survive five years beyond the date of diagnosis. Out of 80 newly diagnosed individuals, what is the mean and standard deviation of those who will survive for five years? 

Tutor Answer

(Top Tutor) Daniel C.
School: Rice University

Studypool has helped 1,244,100 students

Review from our student for this Answer

Feb 10th, 2014
"all I can say is wow very fast work, great work thanks"
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors