Probability theory

List the probability value for each possibility in the binomial experiment that was calculated in MINITAB with the probability of a success being ½. (Complete sentence not necessary) P(x=0) P(x=6) P(x=1) P(x=7) P(x=2) P(x=8) P(x=3) P(x=9) P(x=4) P(x=10) P(x=5) 4. Give the probability for the following based on the MINITAB calculations with the probability of a success being ½. (Complete sentence not necessary) P(x?1) P(x<0) P(x>1) P(x?4) P(4 5. Calculate the mean and standard…

Equation of trendline 1 calculation: m= rise/run = 12/15 = 0.8 c= 5.9 y= 0.8x + 5.9 Equation of trendline 2 calculation: m= rise/run = 25/45 = 0.5 c= 17.6 y= 0.5x +17.6 Point of intersection: Equate both trendlines to find point of intersection 0.8x + 5.9 = 0.5x + 17.6 x= 39 Since x=39, x2= 9 as x2 represents x in descending order. R2: R2 for trendline 1 = 0.98 Correlation coefficient for trendline 1= 0.96 R2 for trendline 2 = 0.98 Correlation coefficient for trendline 2= -0.99 Ratio…

always uncertain. According to JCGM 200, measurement uncertainty is defined as follows: " non-negative parameter characterizing the dispersion of the quantity values being attributed to a measurand, based on the information used, according to the probability distribution function" [3]. No measurement result is quite accurate and reliable, unless it is reported with uncertainty [4, 5]. Because of uncertainty in measurement, there is always the risk of mistaken decisions about that whether it is…

How to Bet on Boxing in the UK Boxing is an immensely popular sport because it speaks to the instinctive nature of man. There is nothing like watching two ripped men get into to the ring and go at it until one is out for the count. However, aside from the brute force of the sport, there is a great art to it as well. Like the game of chess, players have to understand how to gracefully move and ensure the hit goes one way. It’s this mix of masculinity and grace that draws so many to the sport…

ingredients are the three laws of probability well stirred with the ladle of the imperfect shuffle, Factor X, and seasoned with the spice of bluff. Hence every Poker player should understand thoroughly the theory and practice of percentage. Law of Single Event. The probability of a favorable event equals one divided by the number of possible events, provided that every possible event has an equal chance of happening as in getting a certain card. For example, what is the probability of getting…

The two main probability designs are, probability and nonprobability sampling. Probability sampling know what the exact probability of each selection would be whereas with nonprobability sampling it is unclear. Nonprobability, selecting each sample unit is not known, leaving the selection up to the researcher. In the case of Santé Fe Grill they should rely on probability sampling because each unit is identified. Under probability sampling, there is stratified random sampling. Stratified random…

QP engaged Shonquasia in participating in a CBT activity geared towards responsible decision making. QP explained to Shonquasia that the activity will enhance her ability to make good decisions. QP explained to Shonquasia what inactive decision making style is provide an example. QP asked Shonquasia if she puts off making difficult decision. QP asked Shonquasia to explain what reactive decision style is and provide an example. QP discussed with Shonquasia what proactive decision is provide an…

announced by the state. The winner gets a prize. The probability that the correct 3 digits in the right order is selected is at an odds of 1 in 1,000. So if If a ticket costs two dollars and the winner must pick a sequence of five digits then if There are 10^5=100,000 different combinations of 5 digit numbers and only the right combination wins the probability to win is at a 1 in 100000 chance to win. The chance to lose the 2 dollars put in is at a probability of 99999 in 100000 chance. Even if…

& George, 2005). In Li (2000) paper, a new random variable named ‘time-until-default’ was created to demonstrate survival time of each defaultable entity. And the copula function approach is based on this random variable to evaluate the default probability of financial instruments. Specifically, copula function specify the joint distribution of the survival times after using the market information to derive the marginal distribution of the survival time. This approach solves the default…

necessary statistical parameters, such as mean covariance and prior probabilities, from the training data set. We modeled two discriminant functions, which were further used on test data to discriminate between the two classes. We assumed that all the data are normally distributed. Introduction: Sample Size Selection: Sample is the representative…