Binomial distribution-probability

Assignment Help Basic Statistics

Reference no: EM13102303

A business owner decides to use a binomial distribution to solve one of his problems. He knows there is a 60 percent probability that he will sell one of his Red Oak floors to any customer who comes into his shop and views the wood.

Out of the next 7 people who come into his shop, what is the probability that 3 people will buy a Red Oak floor?

What is the probability that more than four people will buy the Red oak floor?

Reference no: EM13102303

Questions Cloud

Illustrate what conclusions will she reach based parameter : She selects this number of invoices and reviews the accuracy of Luck's allocations. Mitchell discovers two errors. Illustrate what conclusions will she reach based on the parameters established?

Complete materials and conversion costs : units transferred out 46,000 and ending work in process 4,000 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $11.

What are the x and y coordinates of the shell : An artillery shell is red with an initial velocity of 328 m/s at 51.1 degrees above the horizontal. To clear an avalanche, it explodes on a mountainside 42.1 s after firing. What are the (a) x and (b) y coordinates of the shell where it explod..

Sentiment for raising the speed limit : Does this data indicate that the sentiment for increasing the speed limit is different for the two groups of residents? Let p1 refer to the urban population.

Binomial distribution-probability : A business owner decides to use a binomial distribution to solve one of his problems. He knows there is a 60 percent probability that he will sell one of his Red Oak floors to any customer who comes into his shop and views the wood.

How much water is need to carry away the heat : A man strides across a bed of embers. Assume the glowing charcoal is covered with a thin layer of ash 0.50 mm thick and is at a temperature of 650C. The thermal conductiviity of ash and charcoal is 1.5 W/ (mxK). (a) Estimate the heat transferred t..

Distinguish abilities as the academic writer : Distinguish your abilities as the academic writer now as opposed to when you began at Axia College. Using four comparatives and four superlatives in your responses.

Determine the magnitude of the net electric field : Four point charges have the same magnitude of 2.53 x 10^-12 C and are fixed to the corners of a square that is 4.15 cm on a side. Three of the charges are positive and one is negative. Determine the magnitude of the net electric field that exists ..

Objective function at corner point corresponding to tableau : Write down the basic and non-basic variables? Write down the values of all the variables and value of the objective function at corner point corresponding to the tableau?

User Account

All Pages