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Check my work 4 Let y = ex where X is normally distributed with u =...
Let Y = ex where X is normally distributed with μ = 3.6 and σ = 0.9. Compute the following values a. Compute P(Y ≤ 10.4). b. Compute P(8.9 < Y < 10.1). c. Compute the 90th percentile of Y.
It is well documented that a typical washing machine can last anywhere between 5 to 20 years. Let the life of a washing machine be represented by a lognormal variable, Y = eX where X is normally distributed. In addition, let the mean and standard deviation of the life of a washing machine be 9 and half years and 7 years, respectively. [You may find it useful to reference the z table.] a. Compute the mean and the standard deviation...
It is well documented that a typical washing machine can last anywhere between 5 to 20 years. Let the life of a washing machine be represented by a lognormal variable, Y = eX where X is normally distributed. In addition, let the mean and standard deviation of the life of a washing machine be 11 and half years and 2 years, respectively. [You may find it useful to reference the z table.] a. Compute the mean and the standard deviation...
The Bahamas is a tropical paradise made up of 700 islands sprinkled over 100,000 square miles of the Atlantic Ocean. According to the figures released by the government of the Bahamas, the mean household income in the Bahamas is $35,776 and the median income is $32,316. A demographer decides to use the lognormal random variable to model this nonsymmetric income distribution. Let Y represent household income, where for a normally distributed X, Y = eX. In addition, suppose the standard...
A random variable X is exponentially distributed with an expected value of 52. a-1. What is the rate parameter λ? (Round your answer to 3 decimal places.) a-2. What is the standard deviation of X? b. Compute P(44 ≤ X ≤ 60). (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.) c. Compute P(41 ≤ X ≤ 63). (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal...
A random variable X is exponentially distributed with an expected value of 49. a-1. What is the rate parameter λ? (Round your answer to 3 decimal places.) a-2. What is the standard deviation of X? b. Compute P(41 ≤ X ≤ 57). (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.) c. Compute P(34 ≤ X ≤ 64). (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal...
A random variable X is exponentially distributed with an expected value of 33. a-1. What is the rate parameter λ? (Round your answer to 3 decimal places.) a-2. What is the standard deviation of X? b. Compute P(23 ≤ X ≤ 43). (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.) c. Compute P(20 ≤ X ≤ 46). (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal...
Let X be normally distributed with mean μ = 13 and standard deviation σ = 4. a. Find P(X ≤ 2). (Round "z" value to 2 decimal places and final answer to 4 decimal places.) b. Find P(X > 4). (Round "z" value to 2 decimal places and final answer to 4 decimal places.) c. Find P(7 ≤ X ≤ 12). (Round "z" value to 2 decimal places and final answer to 4 decimal places.) d. Find P(10 ≤ X...
A simple random sample of 16 observations is derived from a normally distributed population with a known standard deviation of 2.5. [You may find it useful to reference the z table.] a. Is the condition that X− is normally distributed satisfied? Yes No b. Compute the margin of error with 95% confidence. (Round intermediate calculations to at least 4 decimal places. Round "z" value to 3 decimal places and final answer to 2 decimal places.) c. Compute the margin of...
A random variable X is exponentially distributed with a mean of 0.23. a) What is the standard deviation of X? (Round your answer to 2 decimal places.) b) Compute P(X > 0.38). (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.) c) Compute P(0.16 ≤ X ≤ 0.38). (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.)