Find the probability that during no one will enter store

Reference no: EM13122692

Assume that customers enter a store at the rate of 60 persons per hour. a) what is the probability that during 5 minutes interval no one will enter the store? b) what time interval is such that the probability is 0.5 that no one will enter the store during that interval?

Reference no: EM13122692

Questions Cloud

Find probability that mean balance is less than forty five : If an auditor takes a random sample of 36 accounts what is the probability that the mean balance will be less than 45?

Impairment loss for collier company : What is the impairment loss for Collier Company under a) IFRS and b) US GAAP?

Graphic violence : The violence in Oedipus the King takes place offstage. Today's audiences are accustomed to seeing graphic violence. Do you think that a production of Oedipus the King would have a greater impact on the audience if the violence were graphically portra..

Eliminating the accumulated depreciation : Assume Candy Company accounts for accumulated depreciation by eliminating the accumulated depreciation against the gross carrying amount of the asset and restating the net amount to the revalued amount of the asset.

Find the probability that during no one will enter store : Assume that customers enter a store at the rate of 60 persons per hour. a) what is the probability that during 5 minutes interval no one will enter the store?

Semiannual interest payment dates : DNA Corporation issued $4,000,000 in 8 percent, 10-year bonds on February 1, 2010, at 115. Semiannual interest payment dates are January 31 and July 31. Use the straight-line method and ignore year-end accruals.

Draw the picture of the distribution of the t statistics : Assume a sample size of n=20. Draw a picture of the distribution of the t statistics under the null hypothesis. Use the t distribution critical values (upper-tail p) table.

Explain normal approximation to binomial approximate : A student randomly guesses on all 25 questions of a true-false test. Use the normal approximation to the binomial to approximate Pr[ ], that is, that the student gets 10 or fewer questions correct.

Differential income for processing rough-cut lumber : What is the amount of (a) the differential revenue, (b) differential cost, and (c) differential income for processing rough-cut lumber into finished cut?

User Account

All Pages