Expected number of cereal boxes
Cereal Boxes are sold with prizes inside. There are 3 different prizes possible and they occur with probability 1/2, 1/3 and 1/6. What is the expected number of Cereal Boxes you must buy to get one of each prize?
Expected delivery within 24 Hours
Are there any probability calculations that would be appropriate for rating an investment service? Why or why not?
In the game of standard American Roulette, a bet placed on " Black" always has a p=18/38, probability of winning.
Compute the value of the correlation coefficient for the data obtained in the study of the number of absences and the final grade of the seven students in the statistics class.
What is the probability that in the next hour a total of n service requests will arrive? What is the probability density of service time of an arbitrarily chosen service request ?
Constructing confidence Intervals - given the sample mean and the sample standard deviation, use this information to construct the 90% and 95 % confidence interval for the population mean, which interval is wider?
The mean inside the diameter of all washers produced by a machine is 0.502 inches and the standard deviation is 0.005 inches. The Company can only accept washers whose inside diameters are in the range from 0.496 in. to 0.508 in. otherwise the was
Consider the following two events: the first throw is a 1, 2, or 3; the first throw is an even number. Find the probability of each of these two events. Are these two events independent?
If one day 5 of the 14 actually contain illegitimate deductions, find the probability that 2 of them will be selected by the auditor. Also, find the mean and the standard deviation of the number of returns the auditor finds to contain illegitimate
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