The range of probability is O any value between -1 to 1 O any value between minus infinity to plus infinity. O any value larger than zero. Ozero to one.
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- themepans i max Task 3: During the last 10 years, a corporation's net profit increased year over year 6 times and decreased year over babive969 with characteristicsmber of annual earnings increases for the next 10 years is modelled in 4 times. Assume that the accordance with quote of the binomial distribution. Estimate the probability that the corporation's net profit will increase in exactly 4 of the next 10 years. tot twee monteutimut ethomi smo bsd-.2.U A :clesT Diswiot brs toqe ert tuods noitsmotnleysb 08 ni utimut to insmqinle 6 101 000,000,83 vsqof ever lliw 2.0 woled nevig ai 29161 (AU3 8.0 ataoo 020) 008.0 02U AU3 eer.o 020 A03 9161 toqe tre etsi biswiot ysb-08Delta Airlines quotes a flight time of 2 hours, 5 minutes for its flights from Cincinnati to Tampa. Suppose we believe that actual flight times are uniformly distributed between 2 hours and 2 hours, 20 minutes. a. Which of the following graphs accurately represents the probability density function for flight time in minutes? f(x) T 0.15+ 1.They need to be probabilities and there should be six answer 1-a-b etc
- 53. The annual demand for Prizdol, a prescription drugmanufactured and marketed by the NuFeel Company,is normally distributed with mean 50,000 and standarddeviation 12,000. Assume that demand during each ofthe next 10 years is an independent random numberfrom this distribution. NuFeel needs to determine howlarge a Prizdol plant to build to maximize its expectedprofit over the next 10 years. If the company builds aplant that can produce x units of Prizdol per year, it willcost $16 for each of these x units. NuFeel will produceonly the amount demanded each year, and each unit ofPrizdol produced will sell for $3.70. Each unit of Prizdol produced incurs a variable production cost of $0.20.It costs $0.40 per year to operate a unit of capacity.a. Among the capacity levels of 30,000, 35,000,40,000, 45,000, 50,000, 55,000, and 60,000 unitsper year, which level maximizes expected profit?Use simulation to answer this question.b. Using the capacity from your answer to part a,NuFeel can be 95%…Suppose you are shopping online for a new toy for your dog. As you look at the product reviews, you see the following distribution of ratings. Use this table for questions 2-5. Stars 5 4 3 st 2 IN 1 Frequency 9 3 2 1 5probability and random variable Haider Ali AL-Saidi EXomfle CH-o): let X aned Y are C.g.Vs with joint →くれく4 →にすThe data from 200 machined parts are summarizedas follows:y yesdepth of boreE, noabovebelowedge conditioncoarsetarget15target10moderatesmooth25205080(a) What is the probability that a part selected has a moderateedge condition and a below-target bore depth?(b) What is the probability that a part selected has a moderateedge condition or a below-target bore depth?(c) What is the probability that a part selected does not have amoderate edge condition or does not have a below-targetbore depth?(d) Construct a Venn diagram representation of the events inthis sample space.2. The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow the normal probability distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5,000. a. What percent of the sales representatives earn more than $42,000 per year? b. What percent of the sales representatives earn between $32,000 and $42,000? c. What percent of the sales representatives earn between $32,000 and $35,000?please give answer for 7, 8, and 96 Company “X Star" supplies electronic devices. Probability of purchasing a defective device is 0.3. Mr. Chang has purchased two devices. (a) What is the probability that at least one device purchased by Mr. Chang is good? (b) What is the probability that at least one device purchased by Mr. Chang is defective?aaaaaa A soft drink machine outputs a mean of 27 ounces per cup. The machine's output is normally distributed with a standard deviation of 3 ounces. What is the probability of filling a cup between 21 and 30 ounces? Round your answer to four decimal places.Ans is 0.71 dont know how?SEE MORE QUESTIONS