Professional Documents
Culture Documents
total Orders
noted
Correct Correct
Correct(95%)
(80%) (88%)
(Figure-1)
- Y N
Question -3
40% of all the US adults invest in Mutual funds
20% investors are retired people
(table - 2)
Question -4
X Probability
5 0.0176
6 0.0047
7 0.0011
8 0.0002
9 0.0000
10 0.0000
11 0.0000
12 0.0000
13 0.0000
14 0.0000
15 0.0000
16 0.0000
P(ƛ=5|
X>=5) 0.024
X Probability
0 0.202
1 0.323
2 0.258
3 0.138
4 0.055
P(ƛ=5|X<5) 0.976
(table-7)
So, P(ƛ=1.6|X>=5) = 1- P(ƛ=1.6|X<5) = .024
(table-6)
* The chances of arriving of 5 or more cars within 1 hour interval will
be 2.4% which is quite low.