can someone please just look over this and make sure im on the right track. thank you! (i didn;t know how to put the squared symbol in so i just typed "sq"...sorry)
2)
x 19 20 21 22 23
p(x) .2 .2 .3 .2 .1
mean=(1.9)(.2)+(20)(.2)+(21)(.3)+(22)(.2)+(23)(.1)=20.8
variance=(19sq)(.2)+(20sq)(.2)+21sq)(.3)+(22sq)(.2)+(23sq)(.1)=434.2 - (20.8)sq=1.6
sd=the sq root of 1.6=1.3
*HOW MANY SHIRTS THE MANAGER PURCHASE IF HE WANTS TO MAKE SURE HE HAS ENOUGH SHIRTS FOR THE NEXT 5 DAYS?
i don't understand how to answer this....PLEASE HELP WITH THIS PART!
4)
x 5 6 7 8 9 10
p(x) .05 .2 .4 .1 .15 .1
mean=(5)(.05)+(6)(.2)+(7)(.4)+(8)(.1)+(9)(.15)+10)(.1)=7.4
variance=(5sq)(.05)+(6sq)(.2)+(7sq)(.4)+(8sq)(.1)+(9)(.15)+(10)(.1)=56.6 - (7.4)sq=1.8
sd=the sq root of 1.8=1.3
6)x 3 4 5 6 7 8
p(x) .15 .3 .25 .18 .1 .02
mean=(3)(.15)+(4)(.3)+(5)(.25)+(6)(.18)+(7)(.1)+(8)(.02)=4.8
variance=(3sq)(.15)+(4sq)(.3)+(5sq)(.25)+(6sq)(.18)+(7sq)(.1)+(8sq)(.02)=25.06 - (4.8) sq=2.0
sd= the square root of 2.0= 1.4
12)find expected profit per month:
#jobs 1 2 3 4
probability .2 .3 .4 .1
e(x)=(1)(.2)+(2)(.3)+(3)(.4)+(4)(.1)=2.4 this show to use same formula as the mean I used
on the above problems.
Thak you for your help, just want to make sure im doing this all right!
2)
x 19 20 21 22 23
p(x) .2 .2 .3 .2 .1
mean=(1.9)(.2)+(20)(.2)+(21)(.3)+(22)(.2)+(23)(.1)=20.8
variance=(19sq)(.2)+(20sq)(.2)+21sq)(.3)+(22sq)(.2)+(23sq)(.1)=434.2 - (20.8)sq=1.6
sd=the sq root of 1.6=1.3
*HOW MANY SHIRTS THE MANAGER PURCHASE IF HE WANTS TO MAKE SURE HE HAS ENOUGH SHIRTS FOR THE NEXT 5 DAYS?
i don't understand how to answer this....PLEASE HELP WITH THIS PART!
4)
x 5 6 7 8 9 10
p(x) .05 .2 .4 .1 .15 .1
mean=(5)(.05)+(6)(.2)+(7)(.4)+(8)(.1)+(9)(.15)+10)(.1)=7.4
variance=(5sq)(.05)+(6sq)(.2)+(7sq)(.4)+(8sq)(.1)+(9)(.15)+(10)(.1)=56.6 - (7.4)sq=1.8
sd=the sq root of 1.8=1.3
6)x 3 4 5 6 7 8
p(x) .15 .3 .25 .18 .1 .02
mean=(3)(.15)+(4)(.3)+(5)(.25)+(6)(.18)+(7)(.1)+(8)(.02)=4.8
variance=(3sq)(.15)+(4sq)(.3)+(5sq)(.25)+(6sq)(.18)+(7sq)(.1)+(8sq)(.02)=25.06 - (4.8) sq=2.0
sd= the square root of 2.0= 1.4
12)find expected profit per month:
#jobs 1 2 3 4
probability .2 .3 .4 .1
e(x)=(1)(.2)+(2)(.3)+(3)(.4)+(4)(.1)=2.4 this show to use same formula as the mean I used
on the above problems.
Thak you for your help, just want to make sure im doing this all right!