Binomial distribution applies

Assignment Help Business Management
Reference no: EM132131252

Most calls made at random by sample surveys don't succeed in talking with a person. Of calls to New York City, only one-twelfth succeed. A survey calls 500 randomly selected numbers in New York City. X is the number of times that a person is reached.

Is it reasonable to use a binomial distribution for the random variable X? Give reasons for your answer in each case. If a binomial distribution applies, give the values of n and p.

Reference no: EM132131252

Questions Cloud

What is the maximum amount you would pay for an asset : What is the maximum amount you would pay for an asset that generates an income of $ 100,000 at the end of each of the four years
Research an advanced nursing practice role : For this assignment, you will research an advanced nursing practice role and summarize your findings in a 3- to 5-page paper.
Use a binomial distribution for the random variable : Is it reasonable to use a binomial distribution for the random variable X? If a binomial distribution applies, give the values of n and p.
Compute z values for each-comment on findings : The labor cost for the first was $75 & it was $100 for the second. Compute z values for each & comment on findings.
Binomial distribution applies : Give reasons for your answer in each case. If a binomial distribution applies, give the values of n and p.
What is the null hypothesis for this hypothesis test : In the banking industry, the return on equity ratio or percentage is used to evaluate the financial performance of a bank.
Number of tosses that you make : You toss a fair coin until a head appears. X is the count of the number of tosses that you make.
What is the total amount of gasoline demanded : Suppose that Gas Pump has 100 Buick owners and 50 Dodge owners. If the price of gasoline is 4, what is the total amount of gasoline demanded in Gas Pump
Uniform random variable on the range : Let X be a uniform random variable on the range (-1,0,1,2). LetY=X^4 . Use the expected value rule to calculate E[Y]

Reviews

Write a Review

Business Management Questions & Answers

  Owner seeking a federal business

Imagine you are a small-business owner seeking a federal business opportunity that falls in one of the following categories: competitive 8a, woman-owned, HUBZone, service-disabled veteran-owned, or veteran-owned.

  Identify primary salient public issue face coca-cola company

Identify five stakeholders of The Coca-Cola Company (TCCC) in this case and what each of their interests is. Identify the primary salient public issue facing The Coca-Cola Company in this case and why?

  What is a view-based access control in database

What is a View-based access control in database? What is a Data warehouse? What is Online Transaction Processing (OLTP)?

  Social/networking meetings

Identify at least two professional organizations in your chosen field (HUMAN RESOURCSE). Research the organizations to identify the following:Social/Networking meetingsCareer servicesTraining

  Reverse proxy services

Research more about reverse proxies. Under what circumstances should a reverse proxy be used? Find a product that provides reverse proxy services and provide the name, URL, and a description.

  Explain the relationship between a business organizational

In your own words, define organizational strategy. Explain the relationship between a business's organizational strategy and its projects. Based on your budding understanding of project management, predict which elements of project management are ..

  Adaptability in kouzes and posner-s leadership model

Write a summary in PowerPoint presentation format with notes of five fundamental practices in Kouzes and Posner's leadership model showing their adaptability and continued relevance to today's environment.

  Integrated functioning of teams across

Today's complex organizations often require the smooth, integrated functioning of teams across several functional areas. Leading of a team of diverse individuals is quite a challenge.

  Sustainable long-run equilibrium

Explain why relatively flat as opposite relatively steep labor demand curves are more consistent with the empirical observation that there are relatively minor changes in the real wage rate over the course of the business cycle. Is sustainable lon..

  Price earnings valuation method

Calculate the price of the common stock using the Price Earnings Valuation Method - Not to be confused with a Price/Earnings Ratio. (use the most current published financials for the calculation and show your work)

  Positive management practices

Discuss some of the positive management practices you observed in relation to the problem/opportunity you have been studying. Discuss some of the negative management practices you observed in relation to the problem/opportunity you are studying.

  Competency-based vs task-orientated job analysisthe courts

competency-based vs. task-orientated job analysisthe courts have recognized task-based job analysis as useful for

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