Calculate the z-score for a customer

Assignment Help Business Management
Reference no: EM132836152

Question 1

The time customers spend shopping on Amazon follows the normal distribution wtih a mean of 10 minutes and a standard deviation of 2 minutes.  Calculate the z-score for a customer that spent 15 minutes shopping on Amazon.

Answer: 

Question 2 

The College Board National Office recently reported that in 2011-2012, the 547,038 high school juniors who took the ACT achieved a mean score of 560 with a standard deviation of 130 on the mathematics portion of the test (https://media.collegeboard.com/digitalServices/pdf/research/2013/TotalGroup-2013.pdf). Assume these test scores are normally distributed.

  1. What is the probability that a high school junior who takes the test will score at least 600 on the mathematics portion of the test? If required, round your answer to four decimal places.P (x ≥ 600) = 
  2. What is the probability that a high school junior who takes the test will score no higher than 420 on the mathematics portion of the test? If required, round your answer to four decimal places.P (x ≤ 420) = 
  3. What is the probability that a high school junior who takes the test will score between 420 and 550 on the mathematics portion of the test? If required, round your answer to four decimal places.P (420 ≤ x ≤ 550) = 
  4. How high does a student have to score to be in the top 10% of high school juniors on the mathematics portion of the test? If required, round your answer to the nearest whole number.

Question 3

To boost holiday sales, a jewelry store in Bismarck, North Dakota, is advertising the following promotion: "If more than seven inches of cumulative snow fall on December 24, 25, 26, 27, and 28, you get your money back on all purchase made on December 17." To analyze this promotion, the store manager has collected data and determined that snowfall over this 5-day period in December is normally distributed with an average of 5.8 inches and standard deviation of 0.549 inches. What is the probability that the store will have to refund the money to its December 17 customers? If required, round your answer to four decimal places.

Probability =

Reference no: EM132836152

Questions Cloud

Evaluate the effectiveness of a strategic plan : -Keeping in mind the aspects of planning, leading, organizing, and controlling, explain how to evaluate the effectiveness of a strategic plan.
Goal of the data preparation step in modelling : What is the goal of the data preparation step in Modelling? What should the resulting training data look like?
Performance management and measurement systems : Discusses a situation in which the performance management and measurement systems put into place either failed to promote the desired behavior, or outright back
Principle of sales course related question : Please help me in understanding this concept scenario. Please provided a brief response in simple words that can be understood easily, and include references so
Calculate the z-score for a customer : Calculate the z-score for a customer that spent 15 minutes shopping on Amazon.
Evaluate the importance of total productive maintenance : Evaluate the importance of Total Productive Maintenance and Reliability Centered Maintenance strategies and how they are implemented in industrial plant
Designing a table as a visual in a document : 1. According to the text, a. when is a table the best use of a visual, and b. list the four tips for properly designing a table as a visual in a document.
Define and describe the concept of data explosion : Discuss Thomas Davenport's assertion that analytics are source of sustainable competitive advantage. Provide examples from your research or experience of organi
Describe 3 key parts of the hipaa privacy rule : Describe 3 key parts of the HIPAA Privacy Rule that apply to long-term care settings. How will you ensure resident privacy as an Administrator?

Reviews

Write a Review

Business Management Questions & Answers

  Sexual relations and the acceptance of that in america

Consider the role that the media has on "no-strings-attached" sexual relations and the acceptance of that in America, particularly among the young.

  Changes in the demand for ambulatory and hospital care

There have been a few studies that examine the changes in the demand for ambulatory and hospital care.

  How does an ipo relate to a harvest

What is the primary purpose of an initial Ix offering SIPCO? - How does an IPO relate to a harvest?

  Statistical engineering frameworks

Compare and contrast the fundamental differences between process improvement framework and problem solving framework. Provide one (1) example of business management applying each framework to support your response.

  Professional communication covering company

You have been chosen to present a paper on professional communication covering a company of your choice (preferably technology company).

  Video of a recent debate between john mackey

Watch the video of a recent debate between John Mackey, CEO of Whole Foods and John Roemer a Marxist economics professor from Yale.  (Marx was the father of communism) It is an hour long.  After watching the debate, explain each man's major points..

  Describe what a functional organizational is

1. Describe what a functional organizational is. Make sure you discuss the advantages and disadvantages of this structure.

  Which businesses would have the best competitive advantage

Franchising is one way to become a small business owner. Investigate the area in which you live and identify the franchises that exist.

  Discuss anticipated changes to the landscape of networking

Discuss the anticipated changes to the landscape of networking architectures.

  Create grand strategy matrix for organization of your choice

Create a grand strategy matrix for an organization of your choice. Ideally, the company you choose will be a familiar one and one to which you have easy access

  Identify the three events that are defined as notifiable

Identify the three events that are defined as 'notifiable incidents' and the period of time for which employers must keep records of these incident.

  Discuss the constraints of the concept of negligence

Discuss the constraints of the concept of negligence, and explain the reasonable person concept. Provide examples to support your answer.

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