Download the file titled SUV Failures. It contains a scatter plot of the number of failures versus frequency. To compare the results to the binomial distribution, complete the following:
- Explain why SUV rental condition scenario can be a binomial experiment.
- Using the SUV Failure scatter plot, construct a frequency distribution for the number of failures.
- Compute the mean number of failures. The formula for the mean is as follows: ∑(x⋅f)∑f
The terms x represent the total number of failures (0, 1, 2, 3, 4, 5) and f is the corresponding frequency (number of days where xᵢ failures occurred).
Explain what the numerical result means.
- From the frequency distribution, construct the corresponding relative frequency distribution.Explain why the relative frequency distribution table is a probability distribution.Then, use Excel to create a scatter plot of the probability distribution:Select the two columns of the probability distribution. Click on INSERT, and then go to the Charts area and select Scatter. Then choose the first Scatter chart (the one without lines connecting).
- Using the frequency distribution, what is the SUV failure average? In part 3, note that the numerator in the formula for the mean is the total number of failures. The total number of trials is the denominator of the formula for the mean multiplied by 5. What does this average mean?
- The Binomial Distribution is uniquely determined by n, the number of trials, and p, the probability of “success” on each trial. Using Excel, construct the Binomial Probability Distribution for five trials, n, and probability of success, p, as the SUV failure average in part 5. Here is an explanation of the BINOM.DIST function in Excel: