In a market study for zellers

Assignment Help Managerial Economics
Reference no: EM13986707

In a market study for Zellers, a researcher found that 70% of customers are repeat customers. If 12 customers are selected at random, find the probability of getting.

a. Exactly 9 of them are repeat customers

b. At least 9 of them are repeat customers

c. At most 9 of them are repeat customers

Reference no: EM13986707

Questions Cloud

Homeowner insurance policy on her residence : Mary Marble took out a homeowner's insurance policy on her residence. One of the policy provisions listed the insured's duties with respect to a loss. This provision required the policyholder to give notice and required an inven- tory of damaged p..
What is the overhead cost in the algorithm : What is the overhead cost in the algorithm? In particular, does either the time or the number of q-bits overhead grow more than polynomially in the problem size?
What is direction of electric potential of positive charge : Consider two conducting spheres with onehaving a larger raduus than the other. Bpth spheres carry the same amount of ecess charge. Which one of the following statements concerning the elctric potential of the two spheres is true?
List and describe three specific internal control activities : List and describe three specific internal control activities you have observed at work (current or past work experience). As part of your description, be sure to state the risk or risks they are designed to mitigate.
In a market study for zellers : In a market study for Zellers, a researcher found that 70% of customers are repeat customers. If 12 customers are selected at random, find the probability of getting.
Expectations theory-liquidity theory-market segmentation : Define and compare the following theories: expectations theory, liquidity theory, market segmentation theory, and preferred habitat hypothesis theory.
Problem regarding the original majority opinion : In preparing your responses, please note that there were 3 Justices who dissented from the original majority opinion in this case.
How long does it take for the ball to hit the ground : How long does it take for the ball to hit the ground? What was the initial speed of the ball when it was thrown from balocny?
How many different subcommittee are possible : If they must elect a chairperson, first vice chairperson, second vice chairperson, and secretary, how many different slates of candidates are possible?

Reviews

Write a Review

Managerial Economics Questions & Answers

  Perspective of the vertical chain and production process

The objective is to understand the vertical boundaries a company or firm or organisation from the perspective of the vertical chain and the production process.

  Determine sales

David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week.

  Why do you think alex took active role in supporting drug

Alex Cohen is the general manager of the textile division in a large diversified company. Why do you think Alex took such an active role in supporting the drug division's request?

  Analyze the demand function for a dinner in the restaurant

The opera provides a coupon for a 15% discount at Delicious Food for a meal with a 6:00pm reservation on opera evenings.

  Examine the residuals of your estimated equation

Examine the residuals of your estimated equation to determine whether any of your countries is a regression residual. and present your data in a table showing the names of the variables. Make sure the full definitions.

  What do you conclude about changes in income inequality

Plot the Lorenz Curves for 1990 and for 2000. Be sure to label your graph clearly. What do you conclude about changes in income inequality form 1990 to 2000?

  How concept of risk premium in incentive compensation relate

How does the concept of a risk premium in incentive compensation relate to the concept of a compensating differential in compensation policy?

  Exchange rate overshooting occur

Why does exchange rate overshooting occur? What determines its magnitude?

  Business or society today and analyze the microeconomics

Prepare and submit a one or two paragraph (Due July 9) abstract of your topic as well as a short outline of your paper's proposed organization.  The abstract and outline should be submitted in WORD format.

  Cooperating them in the regression analysis

What other factors beside price might be included in this equations ? Do you foresee any difficulties in obtaining thees additional data or in cooperating them in the regression analysis?

  Graph the average and marginal costs curves

Suppose you have a machine tool manufacturing company that produces one standardized type of tool. Your total costs change as demonstrate in the table below:

  Different assumptions about the relationships between m and

Controlling the money supply is sometimes advocated as an appropriate policy for controlling inflation. What implications do different assumptions about the relationships between M and V, and M and Y, in the equation MV =PY have for the effectiveness..

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