Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. after analyzing several months of sales data, the

After analyzing several months of sales data, the owner of an appliance store produced the following...

70.2K

Verified Solution

Question

Basic Math

After analyzing several months of sales data, the owner of anappliance store produced the following joint probabilitydistribution of the number of refrigerators and stoves soldhourly

   0    1 2 Stoves

0    0.08 0.14    0.12    0.34

1    0.09 0.17 0.13    0.39

2    0.05    0.18    0.04 0.27

REF 0.22    0.49    0.29    1


b. What are the laws for a discrete probability densityfunction?

c. If a customer purchases 2 stoves, what is the probability theywill also purchase two refrigerators?

d. What is the average number of refrigerators purchased?

e. What is the variance in the number of refrigeratorspurchased?

f. Are the sale of stores and refrigerators independent?

g. What is the conditional probability distribution for sales inrefrigerators if the customer did not purchase a stove?

h. What is the expected value and variance for sales inrefrigerators, if the customer did not purchase a stove?

Answer & Explanation Solved by verified expert
4.3 Ratings (966 Votes)
given thatrefstoves012total PYy000801401203410090170130392005018004027total PXx0220590291let X is number of stoves while Y is    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Name a membrane component that makes the membrane more permeable and one that reduces the permeability....

Biology
Q

97.8 grams of sodium fluoride is put into 350. ml of water. Calculate the Molarity Molality Mass Percent Mole Fraction

Chemistry
Q

we examined the concept of friction and how it affects everything we do. Air resistance is...

Physics
Q

How did human activity influence the extinction of the dodo bird A Humans introduced invasive...

Biology
Q

Which one of the following statements is not true about the motion of a projectile...

Physics
Q

5 12 23 7 14 AM Question 15 If QRST is a kite find QRS...

Geometry
Q

Stilton Company (a U.S.-based company) has a subsidiary in Canada that began operations...

Accounting
Q

frit-ost methed is useo bo cevet invertetint men \& 15150 1. c. 14.134 b...

Accounting
Q

C d. Chapter 18 Example 1: The converged standard on revenue recognition reduces the number...

Accounting
Q

During 2021, Deluxe Leather Goods issued 754,000 coupons which entitles the customer to a $5.00...

Accounting
Q

Question 19 (3 marks) Traditional accounting has several limitations which have led to the rise...

Accounting
Q

Desde la perspectiva del anlisis marginal, cul es el costo de traslado de inventario para...

Accounting