Find the probability that thirty customers paid by credit

Assignment Help Basic Statistics

Reference no: EM13138569

A clothing store asserts that 60% of its customers pay by credit. On a particular day, 35 customers purchased items at the store. a. What is the mean and standard deviation of the binomial distribution? b. What is the probability that half (18 or more) of the customers paid by credit? c. What is the probability that 30 or more paid by credit? d. What is the probability that less than 12 paid by credit? e. What is the probability that 12 to 30 paid by credit?

Reference no: EM13138569

Questions Cloud

Explain control systems and laplace transformations : Control Systems and Laplace Transformations, What is the step response of a system whose transfer function has a zero at -1, a pole at -2 and a gain factor of 2?

What amount will electronic distribution report : prepare the journal entry to record pension expense, gains or losses, prior service cost, funding, and payment of benefits for 2011. what amount will electronic distribution report in its 2011 balance sheet as a net pension asset or net pension liab..

Define filter has steadily increasing attenuation : A filter has the following characteristics: Attenuation is 0 dB from 0 Hz to 2.5 kHz. Phase angle decreases linearly with increasing frequency above 2.5 kHz. Above 5 kHz the filter has steadily increasing attenuation.

Impact of external influences on health care organizations : Impact of External Influences on Health Care Organizations

Find the probability that thirty customers paid by credit : What is the probability that 30 or more paid by credit? d. What is the probability that less than 12 paid by credit? e. What is the probability that 12 to 30 paid by credit?

Interest expense apportioned to us source income : Global World's worldwide asstes have an adjusted basis of $5,000,000 and a value of $10,000,000, of which assets having an adjusted basis of $4,000,000 and a value of $6,000,000 generate U. S.-source income. How much of the interest expense is app..

Determine the price variance : Determine the (a) price variance, (b) quantity variance, and (c) cost variance - Diamond Company produces a chair that requires 5 yds. of material per unit.

What concerns might you have on this : It looks like The Butcher Block is going to meet analyst expectations after all. Do you think James Wright's proposal to more accurately reflect the true depreciable life of assets is ethical? What concerns might you have?

User Account

All Pages