Solved

A Local Unemployment Office Keeps Track of the Number of New

Question 13

Essay

A local unemployment office keeps track of the number of new claims filed each day.
Based on the data collected, it determines that the following probability distribution
applies:  Number of Claims  Probability 0.051.152.253.454.10\begin{array} { | c | c | } \hline \text { Number of Claims } & \text { Probability } \\\hline 0 & .05 \\\hline 1 & .15 \\\hline 2 & .25 \\\hline 3 & .45 \\\hline 4 & .10 \\\hline\end{array}
A. What is the expected number of new claims filed each day?
b. What is the standard deviation in the number of new claims filed each day?
c. What is the expected number of new claims filed each week? Assume the
unemployment office is open 5 days a week.
d. What is the standard deviation in the number of new claims filed each week? Assume
the unemployment office is open 5 days a week.

Correct Answer:

verifed

Verified

a. What is the expected number of new cl...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents