Explain why this experiment can be classified

Assignment Help Business Management
Reference no: EM131753105

1. The manager of Sam's Food Mart guarantees that none of his cartons containing a dozen eggs will contain more than one bad egg, despite the fact that 2% of individual eggs are known to be bad. Define the random variable x to be the number of bad eggs observed in a carton containing 12 eggs.

a) Explain why this experiment can be classified as a binomial experiment. Give two specific reasons.

It gives you the error of margin (2%) and tells you the sample.

b) Find the probability that a randomly selected carton will contain no bad eggs.

c) If a carton contains more than one bad egg, the manager will replace the entire dozen and allow the customer to keep the original eggs. Find the probability that the manager will have to replace a randomly selected carton of eggs.

2. At Express Delivery Service, providing high-quality service to its customers is the top priority of management. The company guarantees a refund of charges if a package it is delivering does not arrive to its destination on time.  Despite all efforts, 94% of the packages mailed through the company arrive at their destinations on time. A Corporation mailed seven packages through Express Delivery on Monday.

a) Find the probability that all of the seven packages will arrive on time.

b) Find the probability that exactly two of these seven packages will not arrive on time.

c) Interpret the meaning of your answer to part b.

Reference no: EM131753105

Questions Cloud

How many standard deviations of the mean : For a t distribution with 1,000 degrees of freedom, 99% of the distribution is within how many standard deviations of the mean?
Standard error of the mean from our sample estimation : Their ages were 26,32,22,21and 25 years. What's the standard error of the mean from our sample estimation?
Intensity values for the patient groups : Is there any evidence to suggest that the population mean intensity values are different for the two patient groups? Use a = 0.05.
How a strategic plan might implemented in such organization : Direct your comments specifically to an assisted living facility's characteristics and how a strategic plan might be implemented in such an organization.
Explain why this experiment can be classified : a) Explain why this experiment can be classified as a binomial experiment. Give two specific reasons.
Determine the overhead cost per unit for each product : Required: Using the activity-based costing approach, determine the overhead cost per unit for each product
Determine that the population variances are equal : Physical Sciences Tinted residential windows have become popular because they help a home absorb solar energy, keep out harmful ultraviolet rays.
How the competitive sports setting encourages : How do you believe our current culture of hero worship regarding the role of athletes in society can promote features of narcissistic personality disorder?
Major crises that will confront businesses : What can be the three major crises that will confront businesses over the next 50 years ( how and why )? Explain the impact that these crises.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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