Use the fact that the variance of a Poisson distribution is σ2=μ. The mean number of bankruptcies filed per hour by businesses in a country was about five. ​(a) Find the variance and the standard deviation. Interpret the results.​ (b) Find the probability that at most three businesses will file bankruptcy in any given hour.

Answers

Answer 1

Answer:

Variance = 5

Standard deviation = 2.236

0.2650257

Step-by-step explanation:

For a Poisson distribution is σ² = μ.

Given that:

Mean , μ of bankruptcies files per hour = 5

μ = 5

For a Poisson distribution :

P(x = x) = (μ^x * e^-μ) / x!

The Variance and standard deviation :

Variance : σ² = μ = 5

Standard deviation = sqrt(variance) = sqrt(5) = 2.236

B.) Find the probability that at most three businesses will file bankruptcy in any given hour.

P( x ≤ 3) = P(0) + P(1) + P(2) + P(3)

P(x = 0) = (5^0 * e^-5) / 0! = 0.0067379

P(x = 1) = (5^1 * e^-5) / 1! = 0.0336897

P(x = 2) = (5^2 * e^-5) / 2! = 0.0842243

P(x = 3) = (5^3 * e^-5) / 3! = 0.1403738

0.0067379 + 0.0336897 + 0.0842243 + 0.1403738

= 0.2650257

Answer 2

Using the Poisson distribution, it is found that:

a) The variance is of 5 while the standard deviation is of 2.24. It means that over many hours, the number of bankruptcies should be within 2.24 of 5.

b) 0.265 = 26.5% probability that at most three businesses will file bankruptcy in any given hour.

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by:

[tex]P(X = x) = \frac{e^{-\mu}\mu^{x}}{(x)!}[/tex]

The parameters are:

x is the number of successes e = 2.71828 is the Euler number [tex]\mu[/tex] is the mean in the given interval, which is the same as the variance.

In this problem, the mean is of [tex]\mu = 5[/tex].

Item a:

The variance is the same as the mean, of 5.The standard deviation is the square root of the variance, hence [tex]\sqrt{5} = 2.24[/tex]

The variance is of 5 while the standard deviation is of 2.24. It means that over many hours, the number of bankruptcies should be within 2.24 of 5.

Item b:

This probability is:

[tex]P(X \leq 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3)[/tex]

In which

[tex]P(X = x) = \frac{e^{-\mu}\mu^{x}}{(x)!}[/tex]

[tex]P(X = 0) = \frac{e^{-5}(5)^{0}}{(0)!} = 0.0067[/tex]

[tex]P(X = 1) = \frac{e^{-5}(5)^{1}}{(1)!} = 0.0337[/tex]

[tex]P(X = 2) = \frac{e^{-5}(5)^{2}}{(2)!} = 0.0842[/tex]

[tex]P(X = 3) = \frac{e^{-5}(5)^{3}}{(3)!} = 0.1404[/tex]

Then:

[tex]P(X \leq 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) = 0.0067 + 0.0337 + 0.0842 + 0.1404 = 0.265[/tex]

0.265 = 26.5% probability that at most three businesses will file bankruptcy in any given hour.

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Related Questions


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They would on day 4 that they would be on the same page

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The expression should be written when there is 5 terms and that is equivalent to 5x+y should be likely 5x + y - 2 + 3 - 1.

Calculation of an expression;

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= 5x + y - 2 + 3 - 1

hence, The expression should be written when there is 5 terms and that is equivalent to 5x+y should be likely 5x + y - 2 + 3 - 1.

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Answers

Answer:

Sadie weighs 61 pounds.

Step-by-step explanation:

This question can be solved using a system of equations.

I am going to say that:

Sadie's weight is x.

Buddy's weight is y.

Buddy weighs 14 pounds more than Sadie.

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This means that

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Answer:

20 percent left

Step-by-step explanation:

Answer:

20%

Step-by-step explanation:

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A:C

Step-by-step explanation:

Use synthetic division to solve (x3 + 1) = (x - 1). What is the quotient?
o x2+x+1+12
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O x2+x+1+421
x - x² + x

Answers

Answer:

x² + x + 1 and remainder 2

Step-by-step explanation:

Given

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Without using a synthetic division, we can use easier method to find the quotient.

We know the formula:

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Rewrite the given as:

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The quotient of the equation is A = x³ + x + 1 + ( 2/x + 1 )

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the equation be represented as A

Now , the value of A is

Substituting the values in the equation , we get

Let the first equation be p = x³ + 1

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A = p / q

On simplifying , we get

A = x³ + 1 / ( x - 1 )

On dividing , we get the quotient as

A = x² + ( x² + 1 ) / ( x - 1 )

A = x³ + x + 1 + ( 2/x + 1 )

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Tell whether each function is linear or non-linear.

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x 0 1 2 3

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Function A is linear and Function B is linear.


Function A is non-linear and Function B is linear.

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Answer:

Function A is non-linear and Function B is linear.

Step-by-step explanation:

Linear function:

Has the following format:

y = mx + b

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In a linear function, when x changes by 1, y will always changes by the same amount.

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Please help, I will give brainliest, I am struggling badly.

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Answer:

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Answer:

-3w+9

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3(w+3)-6w

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Step-by-step explanation:

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B

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edg 2020

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The question seems to be incomplete the correct question would be

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Answers

Answer:

yes i think

Step-by-step explanation:

No because there’s two 1s and the x

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(will give brainliest)

Answers

Answer:

75:25:100

Step-by-step explanation:

step 1= 3+1+4=8

step 2= 200/8=25

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A triangle has a perimeter of 32 inches. The medium side is 7 more than the short side, and the longest side is 3
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Answers

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5 inches

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a+b+c = 32

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a = 5 inches

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9
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Answer:

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Step-by-step explanation:

Answer:

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Trust me edge 2022



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Answers

Answer:

2.7 hours

Step-by-step explanation:

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Answer: help a homegirl out

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Answer:

The answer is b. h(x) = one-halfx – one-half

Step-by-step explanation:

Answer:

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Step-by-step explanation:

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A. True
B. False
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A. True
B. False
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A. True
B. False
4. The first entry in the product Ax is a sum of products.
A. True
B. False
5. If the columns of an m x n matrix A span Rm, then the equation Ax = b is consistent for each b in Rm.
A. True
B. False

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Answer:

True

Step-by-step explanation:

False

True

False

True

True

1.488 divided by 2.1 rounded to nearest tenth

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The answer should be 0.70

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x^2 + 4x - 8y + 12 = 0​

Answers

The Vertex is (-2,1)

And the focus is  (-2,3)

Solve 22x − 2 = 15. Round your answer to the nearest hundredth.

Answers

Answer:

0.77

Step-by-step explanation:

Original equation: 22x-2=15

Add 2 to both sides: 22x=17

Divide by 22 on both sides: x=17/22, or 0.77

Let me know if this helps!

A 16-oz bottle of parmesan cheese costs $5.78, while an 8-oz bottle costs $3.97. Which is the better buy? Round
your answer to the nearest cent if necessary.

Answers

Answer:

The 16-oz bottle is a better buy

Step-by-step explanation:

Find the better buy by finding which one has a lower price per ounce:

Calculate the price per ounce of both bottles by dividing the cost by the number of ounces

5.78/16

= 0.36

3.97/8

= 0.5

Since 0.36 is smaller than 0.5, the 16 ounce bottle is a better buy.

Answer:

The 16-oz bottle of parmesan cheese is the better buy.

Step-by-step explanation:

It is the better buy because, if you compare the prices and the ounces, I say that the 16-oz is the best buy.

I need help here with explanation pleaseeeee

Answers

(4,80) it’s easy because x comes before y

Combine like terms.
3(2-5) – (4w=11)

Answers

Answer:

-5 = w

Step-by-step explanation:

3(2-5) – (4w=11)

Distributive property

6 - 15 - 4w = 11

Combine like terms

-9 - 4w = 11

Add 9 on both sides

-9 + 9 - 4w = 11 + 9

-4w = 20

Divide by -4 on both sides to isolate the variable

-4w/-4 = 20/-4

w = -5

Hope this helped!

Have a supercalifragilisticexpialidocious day!

Answer:

i can solve this put first why is there an equal sign in between the parantasis

if you want to keep the equal sign delet the ()

Step-by-step explanation:

3(2-5) – 4w=11

-9-4w=11

-4w=20

w=-5

you have to do parantasis first

p--parantasis

e--exponents

m--multiplication

d--division

a--adition

s--subtraction

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