This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 12. What is the probability that at least 2 but less than 6 of the sample will work? 13. Graph the probability distribution described in this problem and check the shape. 7. What is the probability that 3 of the sample will not work? An oil exploration firm plans to drill 6 holes. They believe that the probability that each hole will yield oil is 0.10. Since they will be drilling in different locations, the outcomes are statistically independent. 1. What is (i) sample space and (ii) n? 2. What is and (1- ) ? π π 3. Give the expected value and standard deviation of the number of holes that will yield oil. 4. Can you explain the shape of Histogram on the basis of the given information? 5. Graph the probability distribution described in this problem and check the shape....
View Full Document
This note was uploaded on 07/01/2011 for the course ECO 370 taught by Professor Camp during the Spring '11 term at Indiana State University .
- Spring '11