Find the probability to earn bonus

Assignment Help Basic Statistics
Reference no: EM13114988

A salesperson has to sell a minimum of 50 cars to earn the sales bonus. To date this month he/she has sold 42 cars. Today the salesperson has appointments with 9 prospective customers. He estimates that he/she has a 45% chance of success with each customer. What is the probability that he/she will earn his/her bonus today?

Reference no: EM13114988

Questions Cloud

Elucidate what is the average force exerted on the ball : It bounces off with the same speed and angle. If the ball is in contact with the wall for 0.220 s, elucidate what is the average force exerted on the ball by the wall?
Determining stocks and dividends : Paid dividend of $2 per share. Expected to grow at a constant rate of 5% per year, and investors require a 15% rate of return on the stock. What is the stocks value?
Explain the communication privacy policies : Explain the communication privacy policies at your workplace, such as for e-mail and telephone use. How do the policies align to the best practices discussed in the readings
Find out displacement and average velocity : Then, 25 s later, the cyclist is 45 m due north of the flagpole, going due east with a speed of 12 m/s. For the cyclist in this 25 s interval, find out each of the following. (a) displacement (b) average velocity (c) average acceleration
Find the probability to earn bonus : He estimates that he/she has a 45% chance of success with each customer. What is the probability that he/she will earn his/her bonus today?
What is the radius in nanometers : The average radius of a molecule of lysozyme, an enzyme in tears is 1430pm,what is the radius in nanometers.
Explain according to the leadership process effective leader : Explain According to the leadership process, effective leader behaviour depends on many variables. It follows there is no simple prescription for effective leader behaviour.
Explain how the name of a muscle : Explain how the name of a muscle can distinguish its location, action, shape, and function. Select five different muscles to make this distinction.
Calculate avogadro''s number : Titanium crystallizes on a body-centered cubic lattice with a unit cell edge length of 3.28 Å. The density of titanium is 4.54 g /?cm3. The atomic mass of titanium is 47.88.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Construct scatter plot in regression using spss

Produce the scatter plot for sodium and bp. Do you think there are any outliers?

  Prediction of risk for strock from regression model

A 10 year study by the American Heart Association provided data on how age, blood pressure and smoking relate to the risk of strokes.

  Mean-mode-median-binomial

The data show the total number of medals (gold, silver, and bronze) won by each country winning at least one gold medal in the 2006 Winter Olympics. Find the mean, median, and mode of the numbers of medals won by these countries.

  Test of single population mean

At the .05 significance level, can we conclude that the mean waiting time is less than 3 minutes?

  Inventory policy over the policy currently being used

What is the minimum-cost order quantity for the shoes? What are the annual savings of your inventory policy over the policy currently being used by Keith?

  Question on probability of normal distribution

Steve Goodman, production foreman for the Florida Gold Fruit Company, estimates that the average sale of oranges is 4,700 and the standard deviation is 500 oranges. Sales follow a normal distribution.

  Trend analysis of failure probability

Perform the trend analysis of Pf with incrementally increasing number of the simulation cycles, and calculate the statistical uncertainty in the estimate expressed as  the coefficient of variation.

  Expected winnings for a person buying one ticket

A raffle offers a first prize of $1000 2 second prizes of $300 and 20 third prizes of $10 each. If 15000 tickets are sold at 75 cents each, find the expected winnings (IN CENTS) for a person buying one ticket?

  Car crash blocking the road

Estimate the probability that the next time you ride in a car, you will not be delayed because of some car crash blocking the road.

  Normal approximation to the binomial

According to study done by Nick Wilson of Otago University, the probability a randomly selected individual will not cover his or her mouth when sneezing was 0.267. Suppose you sit on a mall bench and observe 200 people pass by as they sneeze.

  What does the levenes test shows

Test either there is any difference among the given variable also what does the Levene's Test shows. What variable is presented in this table.

  Graph to visualize the problem with the given data

Make a graph to visualize the problem and state, without doing the calculations, whether the p-value of the test

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