a bookcase contains 2 statistics books and 4 biology books. if 2 books are chosen at random,the chance that both are statistics
1 answer:
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<u>Answer:</u> d. $62,080
<u>Step-by-step explanation:</u>
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The capital gain is the profit earned from an investment whereas the passive income is the income generated by very minimal daily efforts.
Given: Annual income earned by Lenny =
Passive income =
Capital gain =
Now,
Hence, Lenny's total gross income for the year = $62,080
Answer:
(a) The expected value and standard deviation of the amount of ice cream served at the party are 54 ounces and 1.25 ounces respectively.
(b) The expected value and standard deviation of the amount of ice cream left in the box after scooping out one scoop are 46 ounces and 1.031 ounces respectively.
(c) Because the variance of each variable is dependent on the other.
Step-by-step explanation:
The random variable <em>X</em> and <em>Y</em> are defined as follows:
<em>X</em> = amount of ice cream in the box
<em>Y</em> = amount of ice cream scooped out
The information provided is:
E (X) = 48
SD (X) = 1
V (X) = 1
E (Y) = 2
SD (Y) = 0.25
V (Y) = 0.0625
(a)
The total amount of ice-cream served at the party can be expressed as:
<em>X</em> + 3<em>Y</em>.
Compute the expected value of (<em>X</em> + 3<em>Y</em>) as follows:
Compute the variance of (<em>X</em> + 3<em>Y</em>) as follows:
Then the standard deviation of (<em>X</em> + 3<em>Y</em>) is:
Thus, the expected value and standard deviation of the amount of ice cream served at the party are 54 ounces and 1.25 ounces respectively.
(b)
The amount of ice-cream left in the box after scooping out one scoop is represented as follows:
<em>X</em> - <em>Y</em>.
Compute the expected value of (<em>X</em> - <em>Y</em>) as follows:
Compute the variance of (<em>X</em> - <em>Y</em>) as follows:
Then the standard deviation of (<em>X</em> - <em>Y</em>) is:
Thus, the expected value and standard deviation of the amount of ice cream left in the box after scooping out one scoop are 46 ounces and 1.031 ounces respectively.
(c)
The variance of the sum or difference of two variables is computed by adding the individual variances. This is because the variance of each variable is dependent on the others.