American association of building contractors

Assignment Help Basic Statistics
Reference no: EM131442624

1. A report issued by the American Association of Building Contractors indicates that 40% of all home buyers will do some remodeling to their home within the first 5 years of home ownership. Assuming this is true, determine the expected number (i.e., mean) of home buyers from a sample of 20 home buyers that will do some remodeling to their home within the first 5 years of home ownership.

2. A report issued by the American Association of Building Contractors indicates that 40% of all home buyers will do some remodeling to their home within the first 5 years of home ownership. Assuming this is true, determine the expected spread in the number (i.e., mean ± 1 standard deviation) of home buyers (from sample of 20 home buyers) that will do some remodeling to their home within the first 5 years of home ownership.

3. A report issued by the American Association of Building Contractors indicates that 40% of all home buyers will do some remodeling to their home within the first 5 years of home ownership. Assuming this is true, use the binomial distribution table to determine the probability that in a random sample of 20 home buyers:

2 or fewer will remodel their homes within the first 5 years

4. A report issued by the American Association of Building Contractors indicates that 40% of all home buyers will do some remodeling to their home within the first 5 years of home ownership. Assuming this is true, use the binomial distribution table to determine the probability that in a random sample of 20 home buyers:

3 will remodel their homes within the first 5 years

5. A report issued by the American Association of Building Contractors indicates that 40% of all home buyers will do some remodeling to their home within the first 5 years of home ownership. Assuming this is true, use the binomial distribution table to determine the probability that in a random sample of 20 home buyers:

5 or more will remodel their homes within the first 5 years

6. Brian is the owner of 702 helicopters. He knows that for the past year, his company has had an average of 10 people vomit during the Las Vegas Strip tour per year. Assuming this is accurate, use the Poisson distribution table to determine the probability that:

fewer than 10 people will vomit next year

7. Brian is the owner of 702 helicopters. He knows that for the past year, his company has had an average of 10 people vomit during the Las Vegas Strip tour per year. Assuming this is accurate, use the Poisson distribution table to determine the probability that:

15 people will vomit over the next two years

8. Brian is the owner of 702 helicopters. He knows that for the past year, his company has had an average of 10 people vomit during the Las Vegas Strip tour per year. Assuming this is accurate, use the Poisson distribution table to determine the probability that:

more than 5 people will vomit next month

Reference no: EM131442624

Questions Cloud

Develop your revised companys mission statement : you will conduct a SWOT (Strength, Weakness, Opportunity, and Threat) analysis for the type of beverage you have selected, and for your company overall. As you work on the assignment, consider why you have chosen one type of non-alcoholic beverage..
What is the change of revenue generated by sale : What's the change of revenue generated by sale when the price elasticity of demand falls from infinite to 1? Explain how we can account for ‘bads' (such as pollution) in analysis of consumer preferences.
What kind of sort you would use for a given situation : Discuss when you would use a sort and what kind of sort you would use for a given situation. Reply to others with support for or arguments against their proposal of sort usage and implementation.
What is the test statistic for sample : The contractor took 27 water samples and found an average pH of 6.3 with a sample standard deviation of 1.86. What is the test statistic for this sample?
American association of building contractors : A report issued by the American Association of Building Contractors indicates that 40% of all home buyers will do some remodeling to their home within the first 5 years of home ownership. Assuming this is true, use the binomial distribution table ..
Draw a use case model for the information system : Draw a use case model for the information system. Write brief Use Case description for each Use Case in the diagram. Write one fully developed Use Case description for one of the important Use Cases identified.
Implement the mergetwosortedseries function : Implement the mergeTwoSortedSeries function. Given a series of sizeOfA sorted values starting at the memory location pointed to by ptrA and a series of sizeOfB sorted values starting at the memory location pointed to by ptrB
Combine the statement appropriately : Rama has three brothers.All of them are in abroad(combine appropriately)
How do magnus et al define a cover for their purposes : How do Magnus et al. define a cover for their purposes? How do they define "canonical," and on what does the definition of "canonical" depend? Provide an example of a canonical song you are familiar with that does NOT appear in the reading.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd