This preview shows page 1. Sign up to view the full content.
Unformatted text preview: probability that at least 4 will be in an accident this month? 4. Airplanes arrive at Chicago O’Hare airport at the average rate of 5.2 per minute. Air traffic controllers can safely handle a maximum of four airplanes per minute. What is the probability that airport safety is jeopardized? 5. Given the following probability distribution: X P(X) .5 1 .2 2---3 .10 4 .05 Find the following: a. Expected value b. Variance c. Standard deviation. 6. Carol spent all weekend partying and knows absolutely nothing about the 10 true/false questions on a Monday morning economics quiz. What is the probability that she gets at least 8 right by simply guessing? ** Review all the homework problems, problems in the lecture note. Then solve this worksheet. Good Luck!!!...
View Full Document
This note was uploaded on 04/27/2011 for the course ECON 207 taught by Professor Bcd during the Spring '11 term at University of Houston.
- Spring '11