Deciding plan to choose phone

Assignment Help Basic Statistics
Reference no: EM1320578

Q1) Kim Davis has decided to buy a cellular phone, but she is unsure about which rate plan to choose. "Regular" plan charges fixed fee of= $55 per month for 1,000 minutes of airtime plus $0.33 per minute for any time over 1,000 minutes. "Executive" plan charges a fixed fee of $100 per month for 1,200 minutes of airtime plus $0.25 per minute over 1,200 minutes.

a) If Kim expects to use phone for 21 hours per month, which plan must she choose?

b) At what level of utilize would Kim be indifferent between two plans?

Reference no: EM1320578

Questions Cloud

Population mean weight of non-athletic men : Can we conclude at the 5% significance level that the population mean weight of athletic men is lower than the population mean weight of non-athletic men?
Recognizing the error in code : Suppose that the variable A is an arrays of ints. Take the following code segment:Boolean flag = false;
Finding annual break-even volume : Find out annual break-even volume for the Rolling Creek Textile Mill.
Hypothesis testing for two independent sample : At the 5% level of significance, can we infer that the population mean weight of athletic men is lower than the population mean weight of non-athletic men by more than 2 pounds?
Deciding plan to choose phone : If Kim expects to use phone for 21 hours per month, which plan must she choose?
Design of service delivery system for new airline company : Consider the design of a service delivery system for a new airline company operating between Detroit Metropolitan Wayne County Airport (DTW) and Orlando International Airport (MCO).
Number of pupils require to enrol : If Molly and Kathleen wishes to make a profit of $5,000 for summer, how many pupils do they require to enrol?
Determining current price for a share : Determine the current price for a share of Gemini Pulse Inc. Assume that you plan to buy a share of the Gemini stock today and to hold it for 3 years. Your expectations are that you will receive a dividend at the end of each of the next 3 years. If..
Job analysis to create job description : Propose two ways that Human Resource Management can use a job analysis to create a job description, develop the selection process, develop training, and create the performance appraisal.

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