Suppose that the value of a stock varies each day from $13 to $24 with a uniform distribution. (a) Find the probability that the value of the stock is more than $17. (Round your answer to four decimal places.) (b) Find the probability that the value of the stock is between $17 and $21. (Round your answer to four decimal places.) (c) Find the upper quartile; 25% of all days the stock is above what value? (Enter your answer to the nearest cent.) (d) Given that the stock is greater than $16, find the probability that the stock is more than $20. (Round your answer to four decimal places.)

Answers

Answer 1

Answer:

a. P= 0.6364

b. P = 0.3636

c. Q = $21.25

d. P = 0.5

Step-by-step explanation:

given data

value of a stock varies = $13 to $24

solution

P (stock value is more than $17)

P = [tex]\frac{(24-17)}{(24-13)}[/tex]

P =  [tex]\frac{7}{11}[/tex]

P = 0.6364

and

P (value of the stock is between $17 and $21)

P = [tex]\frac{(21-17)}{(24-13)}[/tex]

P = [tex]\frac{4}{11}[/tex]

P = 0.3636  

and  

Let the upper quartile be Q

[tex]\frac{(24 - Q)}{(24 - 13)} = 0.25[/tex]

[tex]\frac{(24 - Q)}{11} = 0.25[/tex]

(24 - Q) = 2.75

so

Q = $21.25

and

P(X > 20 | X > 16)

P = [tex]\frac{(24-20)}{(24-16)}[/tex]

P = [tex]\frac{4}{8}[/tex]

P = 0.5

Answer 2

Using the uniform distribution, it is found that:

a) 0.6364 = 63.64% probability that the value of the stock is more than $17.

b) 0.3636 = 36.36% probability that the value of the stock is between $17 and $21.

c) The upper quartile is of 21.25.

d) 0.5 = 50% probability that the stock is more than $20.

An uniform distribution has two bounds, a and b.  

The probability of finding a value of at lower than x is:

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

The probability of finding a value between c and d is:

[tex]P(c \leq X \leq d) = \frac{d - c}{b - a}[/tex]

The probability of finding a value above x is:

[tex]P(X > x) = \frac{b - x}{b - a}[/tex]

In this problem, varies each day from $13 to $24 with a uniform distribution, hence [tex]a = 13, b = 24[/tex]

Item a:

[tex]P(X > 17) = \frac{24 - 17}{24 - 13} = 0.6364[/tex]

0.6364 = 63.64% probability that the value of the stock is more than $17.

Item b:

[tex]P(17 \leq X \leq 21) = \frac{21 - 17}{24 - 13} = 0.3636[/tex]

0.3636 = 36.36% probability that the value of the stock is between $17 and $21.

Item c:

This is the 75th percentile, that is, the value of x for which P(X < x) = 0.75.

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

[tex]0.75 = \frac{x - 13}{24 - 13}[/tex]

[tex]x - 13 = 11(0.75)[/tex]

[tex]x = 21.25[/tex]

The upper quartile is of 21.25.

Item d:

Greater than $16, hence [tex]a = 16[/tex].

[tex]P(X > 20) = \frac{24 - 20}{24 - 16} = 0.5[/tex]

0.5 = 50% probability that the stock is more than $20.

A similar problem is given at https://brainly.com/question/13547683


Related Questions

[3, 17): у 2 — 5х + 2
у = -3х + 7
What’s the solution ?

Answers

Answer:

The Answer Is 4 - 5x

Step-by-step explanation:

[3, 17): у 2 — 5х + 2

у = -3х + 7

Simplify=

4 - 5x

Hope This Helps

an architect is designing a new uilding. He makes a model of the building such that the area of the rectangular base is 12xsquared minus 11x -r

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Answer:

2x2 sidhuedfhjxiijsejskfjks

Step-by-step explanation:

Answer:

................................................................................................................................

.Step-by-step explanation:

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A pack of paper costs $3.75 including tax. Mr. Cooper wants to purchase packs of paper for his class and has a $20 budget. Write an inequality to solve for the number of packs of paper Mr. Cooper can purchase with his budget. A) $3.75x ≥ $20. B) $3.75x ≤ $20. C) $20x ≤ $3.75. D) $20x ≥ $3.75​

Answers

The answer is a because it’s showing that he spends 3.75$ on each sheet of paper and x represents how many he can buy. It also shows that it can be less or equal to 20$

Can someone please help me with this

Answers

Answer:

3.72 x 100000000= 372000000

1.2 x 100000 = 120000

Step-by-step explanation:

idek

3.27 x 10^3/1.2
hope this helps!!

HELP ILL GIVE BRAINLIEST!! Andrea is planning on taking the train to go to the beach, a train travels at a constant speed. An equation relating the distance traveled in miles, m, to the number of minutes, t is t = 3m . If Andrea arrived at the beach in an hour and 15 minutes, how much distance did she travel?

Answers

Answer:

225 miles I think

Step-by-step explanation:

75x3=225

tl;dr: Andrea traveled 3 [tex]\frac{3}{4}[/tex] miles.

Hello!

To solve the problem, we need to understand what it means. The distance traveled in miles is represented with t, while the number of minutes is represented with m.

Now, first we need to fill in the equation with the information we're given.

t = 3m  t = 3(1 [tex]\frac{1}{4}[/tex])

Now, we solve for t.

t = 3(1 [tex]\frac{1}{4}[/tex])  → t = 3 [tex]\frac{3}{4}[/tex]

Andrea traveled 3 [tex]\frac{3}{4}[/tex] in an hour and 15 minutes.

Hope this was helpful. Have a great day! (★‿★)

What can be done to the graph of y=2x2+3 to obtain the graph of y=−2x2+3?

Answers

Answer:

Reflect over the x-axis.

Step-by-step explanation:

Assuming you meant 2x^2+3, putting a negative sign in front of the x value flips the graph over the x-axis.

Which statement describes A′B′?

Answers

Answer:

1 answer to your question

Which of the following points lies on the line whose equation is y=2x-3?
(-1,4) (1, -1)
(0,3)

Answers

Answer:

(1, -1)

Step-by-step explanation:

y - (-1) = 2 (x - 1)

y + 1 = 2x - 2

y = 2x - 2 - 1

y = 2x - 3

Answer:

Option B: (1,-1)

Step-by-step explanation:

To solve these types of questions, you must first draw the graph. Then, you can see which point is on the line.

(I personally use Desmos's Graphing Calculator for the graph. Just put the equation in, and the line is drawn for you!)

I hope this helps!

Help!!!
The relationship between the number of pounds (lb) of cereal and the price in dollars is shown in the graph what is the unit price of cereal?

Answers:
A. $7/1 lb
B. 1 lb/ $7
C.$14/ 2 lb
D. $1/7 lb

Answers

A. $7/1 lb

The first intersection is at (7,1)

What is the slope of the graph of y = 12x – 19? What is the equation in slope-intercept form of the line that passes through the points (-4,2) and (12,6) ?

Answers

Answer:

Step-by-step explanation:

1. The slope is 12

2. (6 - 2)/(12+4)= 4/16= 1/4

y - 2 = 1/4(x + 4)

y - 2 = 1/4x + 1

y = 1/4x + 3

William keeps several tanks of exotic fish at his house. He feeds them 4 containers of fish food each day. Each container of fish food cost $2.00. How much money does William spend on fish food in one week?

This is for my daughters 4th grade math class....She needs to have a “plan, estimate, solve, and number model”. This is a addition and subtraction problem its can’t be multiplied!

PLEASE HELP THIS MOM WHO IS TERRIBLE WITH THIS COMMON CORE MATH!

Answers

Answer: $56

Step-by-step explanation:

Each day he feed them 4 fish food containers. How many days is a week 7. So 7x4 is 28. All we have left over is $2.00

so we just multiply 28x2. That sums up to $56!

Round 56.834 to the nearest tenth

Answers

Answer:

56.8

Step-by-step explanation:

8 is the tenth

numbers that are 4 or under stay the same

numbers that are 5 or above round up

Answer:

56.8

Step-by-step explanation:

When rounding to the nearest tenth you look at the number behind the decimal. And the number in the hundredths place if it is 4 or lower you keep it the same. If it is 5-9 you up it by one.

An investigative bureau uses a laboratory method to match the lead in a bullet found at a crime scene with unexpended lead cartridges found in the possession of a suspect. The value of this evidence depends on the chance of a false positivethat ​is, the probability that the bureau finds a​ match, given that the lead at the crime scene and the lead in the possession of the suspect are actually from two different​ "melts," or sources. To estimate the false positive​ rate, the bureau collected bullets that the agency was confident all came from different melts.​ Then, using its established​ criteria, the bureau examined every possible pair of bullets and found matches. Use this information to compute the chance of a false positive.

Answers

Answer:

The correct solution will be "32.22%".

Step-by-step explanation:

The given values are:

X = 612

n = 1899

As we know,

⇒  [tex]P=\frac{X}{n}[/tex]

On substituting the above values, we get

⇒      [tex]=\frac{612}{1899}[/tex]

⇒      [tex]=0.3222[/tex]

So that the chance of false positive will be "32.22%".

en una guardería ay una matricula de 50 lactantes de los cuales 20 son niñas cual es la razon de niñas a niños en dicha guarderia​

Answers

Answer:

La razón de niñas a niños en la guardería es de 2 niñas por cada 3 niños.

Step-by-step explanation:

Una razón es una división entre dos números, generalmente en forma racional (fraccionaria). La razón de niñas a niños en la guardería es la cantidad de niñas dividida por la cantidad de niños de la dicha guardería, Es decir:

[tex]x = \frac{20}{30}[/tex]

[tex]x = \frac{2}{3}[/tex]

La razón de niñas a niños en la guardería es de 2 niñas por cada 3 niños.

Use point-slope or slope-intercept form to match the equations in slope-intercept form with the given slope m and point (x, y)
m = 3 point (-2, 1)
y = 3x + 7
m = 3 point (1, -3)
y = 3x - 7
m = 3; point (4,5)
y = 3x - 6

Answers

Answer:

M= 3 point (-2,1) goes with y=3x+7

M=3 point (1,-3) goes with Y+3x -6

M= 3 point (4,5) goes with y=3x -7

I did the instruction

Answer:

hope I helped

Step-by-step explanation:

An honest coin is tossed 4 times in a row. Find the probability of each of the following events. ​(a) E1​: ​"The coin comes up tails exactly​ twice." ​(b) E2​: ​"All 4 tosses come up the​ same." ​(c) E3​: ​"Exactly one-third of the tosses come up ​." ​(d) E4​: ​"The first 2 tosses come up heads ​."

Answers

Answer:

3/8 ; 1/8 ; 0 ; 1/4

Step-by-step explanation:

Given that:

For a coin toss :

Sample space = {HHTT, HTTT, THTT, TTTT, HHHT, HTHT, THHT, TTHT, HHTH, HTTH, THTH, TTTH, HHHH, HTHH, THHH, TTHH}

Probability = required outcome / Total possible outcomes

a) E1​: ​"The coin comes up tails exactly​ twice."

p(E1) = 6/16 = 3/8

​(b) E2​: ​"All 4 tosses come up the​ same." ​

{TTTT, HHHH}

p(E2) = 2/16 = 1/8

(c) E3​: ​"Exactly one-third of the tosses come up ​head."

1/3 of 4 ; p = 0 ; outcome is not a whole number

​(d) E4​: ​"The first 2 tosses come up heads ​."

P(E4) = 4/16 = 1/4

Simplify the algebraic expressions -6x(2x-5)

Answers

Answer:

-12x^2 + 30x

Step-by-step explanation:

-6x(2x-5)

(-6x * 2x)

-12x^2

(-6x * -5)

30x

Pam is making icing for a birthday cake. The ratio of milk to powdered sugar is 2
tablespoons of milk to 15 tablespoons of powdered sugar.
If Pam uses 7 tablespoons of milk, how much powdered sugar will she need?

Answers

Answer:

She will need 52.5 table spoons of sugar

Step-by-step explanation:

2:15= 1:7.5

7tbs*1=7tbs of milk

7tbs*7.5=52.5tbs of sugar

Answer:

52.5

If you multiply the tbs of milk to the tbsp of sugar, then you will get 52.7!: )

Step-by-step explanation:

HOPE THIS HELPS~ :)

BRAINLIEST?

What is 4^7 x 4^-5 expanded

Answers

Answer:

16

Step-by-step explanation:

4^7= 16348

4^-5= 0.0009765625

16348x0.0009765625= 16

Health insurance benefits vary by the size of the company. The sample data below show the number of companies providing health insurance for small, medium, and large companies. For purposes of this study, small companies are companies that have fewer than 100 employees. Medium-sized companies have 100 to 999 employees, and large companies have 1,000 or more employees. The questionnaire sent to 225 employees asked whether or not the employee had health insurance and then asked the employee to indicate the size of the company.
Health Insurance
Size of the Company Yes No Total
Small 36 14 50
Medium 65 10 75
Large 88 12 100
A. Conduct a test of independence to determine whether health insurance coverage is independent of the size of the company. What is the p-value? Compute the value of the χ2 test statistic (to 2 decimals). Using α .05 level of significance, what is your conclusion?
B. A newspaper article indicated employees of small companies are more likely to lack health insurance coverage. Calculate the percentages of employees without health insurance based on company size (to the nearest whole number). Based on the percentages calculated above, what can you conclude?

Answers

Answer:

A) The critical value found is 5.99 which is < the test statistic value ( 6.94 ) hence we will reject the null hypothesis (H₀)

The P-value associated is : 0.031 which is < 0.05 ( level of significance )

B) from the calculation it can be sen that employees of small companies are more likely without health insurance

Step-by-step explanation:

A) To conduct a test of independence

we apply the hypothesis test

Null hypothesis (H₀) = The health insurance coverage is independent of the size of the company

Alternative hypothesis (H₁)  = The health insurance coverage is not independent of the size of the company

The test statistic is calculated  as attached below

also the expected values are attached below indicating the formula used

E = expected value

O = observed value

Test statistic value ( as calculated ) = 6.94

The critical value found is 5.99 which is < the test statistic value ( 6.94 ) hence we will reject the null hypothesis (H₀)

The P-value associated is : 0.031 which is < 0.05 ( level of significance )

B) percentage of employees without health insurance

Small company : 14/50 * 100 = 28%

medium company: 10/75 * 100 = 13%

large company : 12/100 * 100 = 12%

from the above calculation it can be sen that employees of small companies are more likely without health insurance


Molly bought a flat. At the beginning of
the third year, the value of Molly's flat had
increased to €363 000. At the beginning of
the fifth year, the value had increased to
€439 230.
a Calculate the rate of increase.
b Calculate how many euros Molly
originally paid for the flat.
C Find how much the flat is worth at the
beginning of the ninth year.

Answers

The rate of increase is 1.1, Molly originally paid 272727 for the flat and its worth at the beginning of the ninth year. is 643076

Calculating the rate of increase.

From the question, we have the following parameters that can be used in our computation:

Third year = 363000

Fifth year = 439230

So, we have

Rate² = 439230/363000

Evaluate

Rate² = 1.21

Take the square root

Rate = 1.1

Calculating how many euros Molly originally paid for the flat.

An exponential function is represented as

f(x) = abˣ

Where

a = initial values

Using the values from the third year, we have

a * 1.1³ = 363000

So, we have

a = 363000/1.1³

Evaluate

a = 272727

The flat worth at the beginning of the ninth year.

This means that

x = 9

So, we have

f(x) = 272727 * 1.1⁹

Evaluate

f(x) = 643076

Hence, the flat worth at the beginning of the ninth year. is 643076

Read more about exponential functions at

https://brainly.com/question/2456547

#SPJ1

Exponential Function:
Alternative question:

What movements has function [tex]f(x) = 5^{x-2}-4[/tex] made in relation to function [tex]g (x) = 5^{x}[/tex] ?

a) Vertical upward translation of 2 units and horizontal translation to the right of 4 units.

b) Horizontal translation to the right of 2 units and vertical translation up of 4 units.

c) Vertical downward translation of 2 units and horizontal translation to the left of 4 units.

d) Horizontal translation to the left of 2 units and vertical translation down of 4 units.

e) Horizontal translation to the right of 2 units and vertical translation down of 4 units.

f) Other

Answers

Answer:

e) Horizontal translation to the right of 2 units and vertical translation down of 4 units.

Step-by-step explanation:

Given

f(x) = 5^(x-2) - 4

which is the result of the transformation of the function g(x)= 5^x

We can see that

f(x) = g( x - 2) - 4

This is indicating horizontal shift 2 unit to the right and vertical shift 4 units down

Correct answer option is e)

Write an equation in point-slope form for the line that passes through the points (3, -5) and (1, -8).

Answers

Answer:

m = y2 - y1 / x2 - x1     -8 - (-5)/1-3

                                   -8 +5/1-3

                                   -3/-2

slope is 1 1/2        

Step-by-step explanation:

Hope this helps :)

!50 POINTS! what is One foot as a fraction

Answers

Answer:

12/1

Step-by-step explanation:

What two intergers does 7 fall into

Answers

Answer:

Step-by-step explanation:

The square of 2, -2 is 4. square of 3, -3 is 9. so square root of 7 has to be less than 3 but more than 2. therefore the integers are either 2 and 3 or -3 and -2.

Answer:

2 and 3

Step-by-step explanation:

[tex]\sqrt{7}[/tex]= 2.645....

Hope this helps. Please give me brainliest.

What would be the best first step to convert 4x+10y=12 to slope intercept form?
A. -4x from both sides
B. Divide both sides by 10
C. +4x to both sides
D. -12 from both sides

Answers

Answer: A

Step-by-step explanation:

You start with -4x to get the 10y by itself

It is D -4x;&&2&:, form both sides and ye

Given: ∠2 ≅ ∠3 and ∠5 ≅ ∠6

Prove: PQ || RS

Answers

Answer:

sorry I need more points to ask questions and I really need the answers I know you understand, thankyou :)

ep-by-step explanation:

ratio 5: 12 if there are 50 trucks how many cars are there​

Answers

If the 50 trucks represent the 5 in the ratio 5:12, then there are 120 cars.

Please help!!
As part of a landscaping​ project, put in a flower bed measuring 10 feet by 20 feet. Surround the bed with a uniform border of​ low-growing plants.
a. Write a polynomial that describes the area of the uniform border that surrounds the flower bed.
b. The low growing plants surrounding the flower bed require 1 square foot each when mature. If there are 216 of these​ plants, how wide a strip around the flower bed should be prepared for the​ border?

Answers

Answer:

hope this helps you out.

Find the x-intercept and y-intercept of the line -8x+5y=18

Answers

x intercept is -2.25 and y intercept is 3.6

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