Question
a.
21, 19, 22
b.
21.5, 19.5, 22.5
c.
0.29, 0.40, 0.35
d.
3.045, 3.8, 3.85
Posted under Business Statistics
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. The demand of products per day for three days are 21, 19, 22 units and their respective probabilities are 0.29, 0.40, 0.35. The profit per unit is $0.50 then the expected profits...
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. The formula of mean of uniform or rectangular distribution is as
View solution
Q. The normal distribution is also classified as
View solution
Q. The probability which explains x is equal to or less than particular value is classified as
View solution
Q. If the sample size is 6 and the population is 50 from which it is drawn without replacement and the elements for success are 22 then the variance of hyper geometric probability distribution is
View solution
Q. The types of probability distributions by taking their functions of considerations must include
View solution
Q. Consider the probability distribution as standard normal, if the value of μ is 75, the value of x is 120 with the unknown standard deviation of distribution then the value of z-statistic
View solution
Q. If the value of p is 0.60 and value of n is 3 whereas the random variable x is equal to 4 then the value of z-score of distribution is
View solution
Q. For a rectangular or uniform distribution, the value of interval a is 7 and the value of interval b is 8 then the value of mean for the distribution is
View solution
Q. The condition for negative exponential distribution considering mean (μ) is that
View solution
Q. If the mean of binomial probability distribution is 25 then the mean of Poisson probability distribution is
View solution
Q. If the value of x is less than μ of standard normal probability distribution then the
View solution
Q. The 2600 applications for home mortgage are received by a bank and the probability of approval is 0.78 then the standard deviation of binomial probability distribution is
View solution
Q. The type of continuous distribution in which the probability is constant is classified as
View solution
Q. If the value of interval a is 4 and the value of interval b is 5 then the variance of uniform distribution is
View solution
Q. The formula such as mn ⁄ (m + n)² (m + n + 1) is used to calculate
View solution
Q. The probability distribution of discrete random variable is classified as
View solution
Q. The standard normal probability distribution has mean equal to 40, whereas the value of random variable x is 80 and the z-statistic is equal to 1.8 then the standard deviation of standard normal probability distribution is
View solution
Q. In standard normal probability distribution, the z-score of distribution will be zero if
View solution
Q. If the value of λ is 9 and value of random variable x is 5 then the value of z-score is
View solution
Q. The formula of calculating the expected value of random variable x of gamma distribution is as
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond Business Statistics? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!