Census Education Data Using the data in the Excel file Census Education Data, construct a joint probability distribution for marital status and educational status. You can make diagram in excel What is the probability that a person is divorced and has a bachelor’s degree? What is the probability that someone known to have an advanced […]
Provide a transition probability matrix on the inventory level of this product at the start of each day, starting with 3 items. Show how to calculate the probability of depleting the entire stock of 3 items in two days?
ASSIGNMENT The warehouse capacity of a given product is of 3 items at most. The daily demand for this product is given by the following probability distribution: p(0) = 0.3; p(1) 0.25, p(2)1.25, p(3+)=0.2, where 3+ means 3 or more. When the remaining items at the end of a day are less than 2, an […]
Is the number of sticks of gum a person chews per day actually greater than 8? Show hypothesis, test statistic or P-value, and the decision about the claim.
STA2023 EXAM 3-Part 2 1-) A study was conducted to determine the number of cell phones each household has. The data are shown here. Number of cell phones 0 1 2 3 4 Frequency 2 30 48 13 7 Construct a probability distribution. Find the mean of the probability distribution. 2-) If 60% of all […]
Explain what are the equations for continuous vs discrete? What are examples of discrete probability distribution vs continuous probability distribution using formulas?
Module 4: Probability Distribution & Normal Distribution Overview Module 4 explores three different types of distributions: binomial distribution and Poisson distribution (Chapter 5), and normal distribution (Chapter 6). A Poisson distribution is based on an area of opportunity in which you are counting occurrences within an area such as time or space. Contrast this with the […]
Create a probability distribution for X, which displays all the values X can take on, along with the corresponding probability for each value of X. You must show how you derived your probabilities.
Based on the boxplots you have created, does one type of track (wood or steel) tend to have faster roller coasters, or are they about the same? Does one type of track tend to have more variability in the speeds of the roller coasters, or is the variability about the same? Explain how you came […]
How can a Simulation Model help with your work?
1. How can a Simulation Model help with your work? For example, In the electrical industry (electrician) a Simulation Model could be use to determine or used for etc 2. What Probability Distribution ( for example: triangular distribution, discrete distribution, or shewed distribution etc.) could you apply to this working scenario or one that I […]
Identify the statistical formulas specifically and what additional data you would need to determine your estimate(s).
As a manager of an organization, what probability distribution from this week would you use if you wanted to estimate your annual employee turnover? Explain why you would use it. Identify the statistical formulas specifically and what additional data you would need to determine your estimate(s). Explain why your probability distribution applies. Discrete: Discrete: Binomial […]