Determine the probability that in a random sample

Assignment Help Basic Statistics
Reference no: EM131444436

Amazon is one of the top leading online retailers today. One of the strategies that Amazon attributes their success and profitability to is from their suggestive add-on feature during checkout, which strategically recommends complementing products based on what the customer has in their shopping cart. Thus, Amazon wanted to know what percentage of their customers actually make an add-on purchase from Amazon's recommendations. From their findings, Amazon found that 30% of their customers who make a purchase also purchase an add-on product from that feature. Assuming this is true, use the binomial distribution table to determine the probability that in a random sample of 25 customers:

1.) 5 or more will make an add-on purchase due to Amazon's feature.

2.) Less than 10 will make an add-on purchase due to Amazon's feature.

3.) 6 people will make an add-on purchase due to Amazon's feature.

Reference no: EM131444436

Questions Cloud

Variance of number of defective parts among group : a) What is the probability that exactly two of these parts will be defective? b) What is the probability that none of these parts will be defective? c) What is the mean of the number of defective parts among the group of parts selected? d) What is th..
What are the coefficients of probit and logit models : One of your friends is using data on individuals to study the determinants of smoking at your university. She asks you whether she should use a probit, logit, or linear probability model. What advice do you give her? Why?
What are roles of educational leaders in learning community : What are the roles of educational leaders in a learning community? What steps must a principal take to develop a shared mission and vision? How do principals build the trust that contributes to improved student achievement?
Score from a personality inventory : A psychologist is studying the self image of smokers, as measured by the self-image (SI) score from a personality inventory. She would like to examine the mean SI score,, for the population of all smokers.
Determine the probability that in a random sample : From their findings, Amazon found that 30% of their customers who make a purchase also purchase an add-on product from that feature. Assuming this is true, use the binomial distribution table to determine the probability that in a random sample of..
Explain actions you should take to reduce spread of disease : Explain the actions you should take to reduce or stop the spread of the disease in your community. Develop a policy brief that you would implement to ensure that the disease incidence rate is reduced or eliminated.
Define noncompensatory rules used in purchase : . The five decision roles mentioned in the text apply to the B2B organization, and they also apply to family decision making. List the five decision-making roles and create a chart that shows how these roles might impact a family's breakfas..
Simple bolted connection between structural members : Consider a simple bolted connection between structural members. In the structural system at hand, all bolts always carry equal loads. If there are n bolts in the connection, and the total load being carried by the connection is L [kN], then each b..
Define the linear panel data model : If n is large (say, n = 2000) but T is small (say. T = 4), do you think that the estimated values of ai are approximately normally distributed? Why or why not?

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