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    Frank Mtetwa
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    This document contains 3 homework problems involving concepts of discrete and continuous variables, independence of random variables, and probability. Problem 1 asks the reader to identify 4 given variables as discrete or continuous. Problem 2 asks whether 4 pairs of random variables are independent. Problem 3 asks the reader to calculate the probability that a company's market share is greater than 60% if it is equally likely to be any number from 20-80%.

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    Excel

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    July Random Hw

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    This document contains 3 homework problems involving concepts of discrete and continuous variables, independence of random variables, and probability. Problem 1 asks the reader to identify 4 given variables as discrete or continuous. Problem 2 asks whether 4 pairs of random variables are independent. Problem 3 asks the reader to calculate the probability that a company's market share is greater than 60% if it is equally likely to be any number from 20-80%.

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    © All Rights Reserved
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    Download as xlsx, pdf, or txt
    44 views1 page

    July Random HW

    Uploaded by

    Frank Mtetwa
    This document contains 3 homework problems involving concepts of discrete and continuous variables, independence of random variables, and probability. Problem 1 asks the reader to identify 4 given variables as discrete or continuous. Problem 2 asks whether 4 pairs of random variables are independent. Problem 3 asks the reader to calculate the probability that a company's market share is greater than 60% if it is equally likely to be any number from 20-80%.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Homework 3_1

    Problem 1
    Identify the following variables as discrete or continuous

    Number of aces drawn if 5 cards are drawn from a deck of cards.


    Number of games won by Manchester United during 2018 Premier
    League Season.
    Market share during its first year for a new statin drug.
    Time you wait in line at TSA security.
    Problem 2
    Indicate if you think the following pairs of random variables
    are independent
    Price charged for a candy bar and number of candy bars sold.
    Return on Microsoft and Facebook stock during 2018.

    Games won by Manchester United and the Golden State Warriors in


    2018.
    2018 return on the Dow Index and your child's score on an IQ test.
    Problem 3
    A company's market share is equally likely to assume any number
    between
    20% and 80%. What is the chance their market share is >60%?

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