Find the probability that the new project fails

Assignment Help Basic Statistics

Reference no: EM131805327

A new project will be declared "successful" if you achieve a market share of 10% or more in the next 2 years.

Your marketing department has considered all possibilities and decided that it expects the product to attain a market share of 12% in this time.

However, this number is not certain. The standard deviation is forecast to be 3%, indicating the uncertainty in the 12% forecast as 3 percentage points. You may assume a normal distribution.

a.Find the probability that the new project is successful.

b. Find the probability that the new project fails.

c. Find the probability that the new project is wildly successful, defined as achieving at least a 15% market share.

d. To assess the precision of the marketing projections, find the probability that the attained market share falls close to the projected value of 12%, that is, between 11% and 13%.

Reference no: EM131805327

Questions Cloud

Compute the company free cash flow : The management of Gladow Inc. is trying to decide whether it can increase its dividend. Compute the company's free cash flow

Estimate the probability distribution : Choose a discrete random quantity (taking on from 3 to 10 different values) that you might deal with in your current or future work as an executive.

Develop the marketing strategy : You are the marketing manager for the Bowflex Revolution Home Gym. You believe the product appeals to both men and women.

Marketing manager for aquafresh extreme toothpaste : Now, imagine you are have accepted a new position as the marketing manager for Aquafresh Extreme toothpaste.

Find the probability that the new project fails : Find the probability that the new project is successful.Find the probability that the new project fails.

Find the expected number of defective chips produced : What is the name of the probability distribution of the number of defective chips produced tomorrow?Find the expected number of defective chips produced.

What is the net present value of the asset : The company's tax rate is 30% and it's discount rate is 15%. What is the net present value of the asset

Calculating the mean and standard deviation : Choose a binomial random quantity that you might deal with in your current or future work as an executive. Estimate (ie, guess) the value of n and p.

Identify n and p for this binomial random variable : A union strike vote is scheduled tomorrow, and it looks close. Assume that the number of votes to strike follows a binomial distribution.

User Account

All Pages