This topic contains a solution. Click here to go to the answer

Author Question: The probability function for the number of insurance policies John will sell to a customer is given ... (Read 56 times)

shivanipalawai@gmail.com

  • Full Member
  • ***
  • Posts: 140

Question 1

The probability distribution of the daily demand for a product is shown below.

 

Demand

Probability

0

0.05

1

0.10

2

0.15

3

0.35

4

0.20

5

0.10

6

0.05


 

a.What is the expected number of units demanded per day?
b.Determine the variance and the standard deviation.



Question 2

The probability function for the number of insurance policies John will sell to a customer is given by

f(X) = .5 - (X/6) for X = 0, 1, or 2

a.Is this a valid probability function? Explain your answer.
b.What is the probability that John will sell exactly 2 policies to a customer?
c.What is the probability that John will sell at least 2 policies to a customer?
d.What is the expected number of policies John will sell?
e.What is the variance of the number of policies John will sell?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by shivanipalawai@gmail.com on Mar 25, 2023

annaelena92

  • Full Member
  • ***
  • Posts: 167
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




shivanipalawai@gmail.com

  • Member
  • Posts: 140
Reply 2 on: Mar 25, 2023
:D TYSM


carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library