Find the probability that none of the households

Assignment Help Business Economics
Reference no: EM131966797

The television show Degenerate Housewives has been successful for many years. That show recently had a share of 16, meaning that among the TV sets in use, 16% were tuned to Degenerate Housewives. Assume that an advertiser wants to verify that 16% share value by conducting its own survey, and a pilot survey begins with 13 households have TV sets in use at the time of a Degenerate Housewives broadcast.

(Round answers to four decimal places.)

Find the probability that none of the households are tuned to Degenerate Housewives.

P(none) =

Find the probability that at least one household is tuned to Degenerate Housewives.

P(at least one) =

Find the probability that at most one household is tuned to Degenerate Housewives.

P(at most one) =

If at most one household is tuned to Degenerate Housewives, does it appear that the 16% share value is wrong? (Hint: Is the occurrence of at most one household tuned to Degenerate Housewives unusual?)

  • no, it is not wrong
  • yes, it is wrong

Reference no: EM131966797

Questions Cloud

Test the hypothesis that telemarketing : If we want to test the hypothesis that telemarketing (telephone sales) increases the number of sales made by automobile salespersons, under what conditions
Analyze the reasons why the short-term project : Analyze the reasons why the short-term project that you have chosen might be ranked higher under the NPV criterion if the cost of capital is high,
How should heather record and measure such a liability : The Heather Company's fiscal year ends on June 30. How should Heather record and measure such a liability as of June 30th
Prepare historical average and standard deviation for stock : Using the 2014 financial statements from your stock above and equations from your textbook, prepare the Historical Average and Standard Deviation for each stock
Find the probability that none of the households : Find the probability that none of the households are tuned to Degenerate Housewives.
What type of sampling technique : This study is an example of what type of sampling technique?
Determine the best alternative for harding : Determine the best alternative for Harding, assuming that Harding can borrow funds at a 7% interest rate. Pay $1,120,000 in cash immediately
How much value is added to the firm as a result : How much value is added to the firm as a result of undertaking the project.What is the net present value if the discount rate is 14%?
Find the equivalent present worth : It is desired to find the equivalent (a) present worth at the beginning of the first year,

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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