Reference no: EM1389834
A salesperson makes four calls per day. A sample of 100 days gives the following frequencies of sales volumes.
Number of Sales
0
1
2
3
4
Observed Frequency
30
32
25
10
3
Total 100
Records show sales are made to 30% of all sales calls. Assuming independent sales calls, the number of sales per day should follow a binomial distribution.
For this exercise, assume that the population has a binomial distribution with
n = 4, p = .30, and x = 0, 1, 2, 3, and 4.
a. Compute the expected frequencies for x = 0, 1, 2, 3, and 4 by using the binomial probability function. Combine categories if necessary to satisfy the requirement that the expected frequency is five or more for all categories.
b. Use the goodness of fit test to determine whether the assumption of a binomial distribution should be rejected. Use alpha = .05. Because no parameters of the binomial distribution were estimated from the sample data, the degrees of freedom are k - 1 when k is the number of categories.
Differential calculus to find sales volume
: Use differential calculus to find both sales volume at which revenue is maximised and the maximum revenue available from sales of product X.
|
The formula for calculating the coverage ratio
: Based on the above income statement data and the formula for calculating the coverage ratio presented on the Help screen of the Footwear Industry Report, the company's interest coverage ratio is
|
Standard deviation and shape of the sample mean
: A population of 1000 students spends an average of $10.50 a day on dinner. The standard deviation of the expenditure is $3. A simple random sample of 64 students is taken.
|
Determination of absorbance
: Assume you are provided a solution of 5mM benzoic acid at pH 8. You determine the absorbance to be 2.9 ×103. You lower the pH to 3 with 100% acetic acid.
|
Expected frequencies and goodness of fit test
: A salesperson makes four calls per day. A sample of 100 days gives the following frequencies of sales volumes.
|
Report and the marketing and admin report
: According to the cost allocation procedures discussed on the Help screens for the Private Label Sales Report and the Marketing and Admin Report
|
Determine mean and variance
: A commuter travels many miles to work each morning. She has timed this trip 5 times throughout the last month. The time (in minutes) required to make this trip was 44, 39, 41, 35, and 41.
|
Depolarization of postsynaptic neuron
: Suppose that each excitatory presynaptic neuron causes a 0.5mv depolarization of postsynaptic neuron, and each inhibitory presynaptic neuron causes a 0.5mv hyperpolarization of postsynaptic neuron.
|
Explained on the help screen for the cash flow statement
: As explained on the Help screen for the Cash Flow Statement, if a company generates revenues of $240 million in Year 11, revenues of $280 million in Year 12
|