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Buxton Corporation is planning to invest in a security that has several potential rates of return.
If a fair coin is tossed 20 times then the probability of exactly 10 Tails is more than 15 percent.
As reported by Runner's World magazine, the times of the finishers in the New York City 10-km run are normally distributed with a mean of 61 minute
Given a normal distribution with mean=100 and variance/S.D. = 10, what is the probability that a. X>75? B. X110?
Historically, demand for a product has been normally distributed. You collect 12 months of demand data
In how many ways can seven banquet speakers be seated along one side of the head table?
The slow paying accounts for a local wholesaler are normally distributed with a mean of 20 accounts and a standard deviation of 4 accounts.
The credit score of a 35 applying for a mortgage is normally distributed with a mean score of 600 and a standard deviation of 100.
A certain state is contemplating creating a weekly lottery, the revenues from which will be used to fund improvements in the state's public education system.
A kindergarden class consists of 14 boys and 11 girls. If the teacher selects children from the class using random sampling:
The reading speed of second grade students in a large city is approximately normal, with a mean of 91 wpm and standard deviation of 10 wpm.
Choose an American driver at random and let the random variable X be the number of speeding tickets the driver has received in the last two years.
Of the members of a Boy Scout troop, 15% have received the first aid merit badge. If 40 boy scouts are selected at random
Some Japanese consumers are willing to pay premium prices for Maine lobsters. One factor in the high cost is the mortality rate during the long distance
A standard deck of cards contain a total of 52 cards, 26 of which are red and 26 of which are black. A standard die has six sides that are equally likely
EKA manufacturing company produces Part # 2206 for the aerospace industry. Each unit of part # 2206 is sold for $15.
In this the anniversary of the sinking of the Titanic, it is interesting to look at the distribution of those who survived, and those who died.
Do you use probability in your profession or real life? You most likely do. For example, chance of rain tomorrow is 27%.
The foreman of a bottling plant has observed that the amount of soda pop in each 32 ounce bottle is actually a normally distributed random variable
Gary Schwartz is the top salesman for his company. Records indicate that he makes a sale on 70% of his sales calls.
A venture capital company feels that the rate of return (X) on a proposed investment is approximately normally distributed with a mean of 30%
I have 100 items of a product in stock. The probability mass function for the product's demand D is P(D=90)=P(D=100)=P(D=110)=1/3
The amount of time a bank teller spends with each customer has a population mean mx = 3.1 minutes and population standard deviation sx = 0.4 minute.
The following table is from the Social Security Actuarial Tables. For each age, it gives the probability of death within one year, the number of living
Imagine you are the CEO of a local bank whose credit card holders engage in 1 billion credit card transactions per year; that the likelihood of a fraudulent