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Hints On Problem (Chapter 5)
Hints On Problem (Chapter 5)
P(X=x)
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1
Now draw a graph by taking x along X-axis and P(X=x) along Y-axis.
Exercise 5-2 (page 229)
5-11 (Hint): First prepare a frequency distance of X= number of accidents per month. Then calculate relative frequencies and
expected number of monthly accidents.
5-14 (Hint): Separately prepare tables for X=no. lost from truck and Y=no. cost from airplane as in 5-11. Then calculate E(X) and
E(Y).
Exercise 5-3: (Page 235)
(in Profit and Loss tables always keep Stock along rows and Demands along columns)
Step 1:
While doing problems of this section students should develop skill for expressing the given problem in term of profit function. (In 3
different situations)
Profit = Total Revenue Total cost
when supply = Demand
Total profit = Profit per unit x Demand
when Supply>Demand
Total Profit = Selling price x Demand cost price x supply + (supply Demand) x salvage value (if given in problem)
When Supply<Demand
Total profit = selling price x supply cost price x supply goodwill loss per unit x (Demand Supply)
Step 2:
In the second step prepare conditional profit table always take stock along the rows and demand along the columns. Diagonal
entries will correspond to the situation when stock = Demand. Upper off diagonal and lower off diagonal entries will respectively
correspond to the situation when Stock < Demand and Stock> Demand.
Step3:
Prepare conditional loss table by subtracting each entries of a column from the maximum entry in that column.
Step 4:
Calculate expected loss for each value of stock. Make use of probability distribution of demand.
Step 5:
Draw conclusion based on step 4.
PAGE 1 OF 6
P(X 1)
P(X 4)
P(X=0)
P(X 4)
PAGE 2 OF 6
e 7
7!
P(X=0)
5-36
X=no. of bills that are too flawed for circulation
X~ B(n=1000, p=0.005)
So use poisson approximation as in 5-35.
Exercise 5-6 (Normal Distribution) page 269 (Students Must Sketch the Normal curve and shade the desired area in
each problem of normal distribution)
5-39:
X=variable
X~N( , =5.0)
Given,
a) P(X>21)=0.14
21
) =0.14
5
21
or P(0<Z<
) =0.36 (1)
5
or P(Z>
21
=1.08
5
15.6
b)
P4 15.6
) =0.04
5
P 15.6
15.6 P4
or, P( 4
<Z<0) =0.46 or, P(0<Z<
) =0.46 (by symmetry)
5
5
we have, P(X< P4 ) = 0.04 or, P(Z<
15.6 P4
= 1.75
5
P4 = 6.85
110 95
Z 15
) =0.25
PAGE 3 OF 6
15
b)
=0.675
=22.22
Xstock 95
) 0.2
22.22
Xstock 95
P(0 < Z<
) 0.3 (1)
22.22
or, P(Z >
Xstock 95
0.84
22.22
Xstock 114
He should stock at least 114 cartridges.
5-44
Let X= hourly flow in liters
Medical standard requires P(3.9 < X< 4.1) =0.80
Mr. Crowe's finding P(4.02 0.08 < X < 4.02 + 0.08) =0.68
Comparing this with P( - <X< + ) =0.6826
=0.08
we conclude that = 4.02
Now,
P(3.9 < X < 4.1) = P(-1.5 < Z < 1.0)
=P(0< Z < 1.5) + P( 0 < Z < 1)
=0.4332 + 0.3413 = 0.7745
This shows that for only 77.45% of time the machine is flowing within 0.1 liters of 4 liters. Hence the medical standards are not
satisfied.
5-48:
X= no. of people who come to the game
X~ N( =67000, =4000)
a)
b)
Probability
0.1056
1- 0.1056
Since expected Harm is very high than the cost of hiring two temporary employees,
5-50
X= sales for upcoming quarter (in $ millions)
X~N( =325, =60) Estimate I
X~N( =300, =50) Estimate II
a)
PAGE 4 OF 6
350 300
P Z
P Z 0.42
50
P( X 350 | Estimate I) =
Harm x prob.
528
0
Expected Harm=$528
Mr. poppin should definitely hire.
350 300
P X 350 | EstimateII P Z
P Z 1
50
b)
0.5 P 0 Z 1 0.5 0.3413
0.1587
(c), (d) let E1 = estimate I is correct
E 2 = estimate II is correct
A=event that the sales will exceed $350m
Elementary Event
P Ej
P A| Ej
E1
E2
P AE j
P E j | A
0.5
0.3372
0.1686
0.68
0.5
0.1587
0.07935
0.32
P(A) = 0.24795
Given the updated information that, at the end of the quarter the board of directors found that corporation has had sales in
excess of $350 M, the probability that estimates I and II are originally the accurate ones and 0.68 and 0.32 respectively.
5.51
P ( X h) 0.95
h 73
P Z
0.95
6
h 73
P
Z 0 0.45
6
73 h
p 0 Z
0.45 (by Symmetry) ------------(i)
6
From tables,
73 h
= 1.654
6
h 63.13
5.58
5.62
5.71
5-73
PAGE 5 OF 6
5-75 (Hint)
Let X = Current no. of accidents per week
Y = no of accidents after installing additional lighting (plan I)
Z = no of accidents after expansion of bike lanes (plan II)
The probability distribution of X, Y, Z are given calculate E(X), E(Y) and E(Z). They will come E(X) = 2.8, E(Y) = 2.2 and E(Z) = 1.95
(a)
(b)
The mayor should approve the plan to expand the no of bike lanes because the plan will reduce the expected no of
accidents than its alternative
P(X>3) = P(X=4) +P(X=5) =0.25
P(Y>3) = 0.15
P(Z>3) = 0.1
To minimize probability of more than 3 accidents, the mayor should approve plan 2.
c)
To minimize probability of 3 or more accidents per week both plans are equally effective.
5.77
5.81
5.86
X ~ N ( 320, 25)
(a) P ( X 82 4) P ( X 328)
(b) P ( X 82 3) P ( X 246)
npq
233.6 15.3
b) Similar to (a)
5-88
102.5 np
P Z
npq
102.5 120
P Z
8.5
P Z 2.06 P ( Z 2.06)
(by symmetry )
Had been there the support of 40% registered votes P X 102 should have come to a big value which is not so, so
the claim of having 40% support is not correct.
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