Kind of catalog will order a product

Assignment Help Basic Statistics
Reference no: EM131069203

It is known by experience that 50% of all people that receives some kind of catalog by mail will order some product. FInd the probability that only 3 out of 9 people that receive this kind of catalog will order a product.

Reference no: EM131069203

Questions Cloud

Probability that said rope breaks with a force : Suppose that the resistance to break of a rope, in pounds, is equally distributed with an average of 100 pounds and a standard deviation of 16. What is the probability that said rope breaks with a force over 132 pounds?
Create a statement of work that includes : Using the scenario found on page 112 in Business Analysis: Best Practices for Success. The article is attached. It is the paragraph called Business Management . Create a Statement of Work that includes your responses to the following:
Determine firm b profit maximizing output and price : Assume the labor market for accountants is a bilateral monopoly, using the equations above, draw a graph of the labor market. How many accountants are hired? What is the highest wage possible? What is the lowest wage possible? What is the deadweig..
Problem regarding the information criteria : Why should none of R2, R ¯2, information criteria, and F tests be used to compare models with yt on the left hand side to models with ln yt instead?
Kind of catalog will order a product : It is known by experience that 50% of all people that receives some kind of catalog by mail will order some product. FInd the probability that only 3 out of 9 people that receive this kind of catalog will order a product.
Write a report based on this scenario : This time, instead of focusing on strengths and weaknesses across business strategies, research processes, and outcomes, focus your report on the following three sections:
Independence-non-independence affect the probability : What would bee the chances of making at least one Type I error if the Type I error for each was .05 and the tests were independent? Are the tests independent and how does independence/non-independence affect the probability of b?
What is the labor force participation rate : Suppose the U.S. population is 275 million. If 210 million people are of working age, 135 million are employed, and 6 million are unemployed, what is the labor force participation rate?
Regression model for the appraisal value : An investor plans to develop a regression model for the appraisal value (in thousands of dollars) of property in her city (Y) based on 5 numerical variables:

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability that the firefighters will strike

What is the probability that the police will strike and the firefighters will not? What is the probability that the firefighters will strike and the police will not?

  Determining the more misinterpretations

An economist investigated the association between a country's Literacy Rate and Gross Domestic Product (GDP) and used the association to draw the following conclusions. Explain why each statement is incorrect. (Assume that all the calculations wer..

  Confidence interval for the same problem

(a) Find the 95% confidence interval for the average monthly comprehensive car insurance premium paid by all owners of medium-sized cars. Interpret the result. (Use the z-table.) (b) Find the 90% confidence interval for the same problem. Interpret ..

  Calculating probability of wages

Assume a mean wage of $1,000 and standard deviation of $100. What's the probability of finding an employee with a wage of between $790 and $1000?

  Determine probability that all the light bulbs work

Assume that each light bulb works independently of other light bulbs. Determine the probability that all 10 of light bulbs work?

  Mean for binomial probability distribution

Imagine you are the CEO of a local bank whose credit card holders engage in 1 billion credit card transactions per year; that the likelihood of a fraudulent transaction is 2%

  Mean and standard deviation of the total revenue

a. Will the total revenue on a day be normally distributed? b. What are the mean and standard deviation of the total revenue on a particular day? c. What is the probability that the revenue will exceed $7,000 on a particular day?

  Working with sampling distribution and probability

A southern state has an unemployment rate of 6%. The state conducts monthly surveys in order to track the unemployment rate. In a recent month, a random sample of 700 people showed that 35 were unemployed.

  Out of a sample of 94 purchases at the drive-up window of a

out of a sample of 94 purchases at the drive-up window of a fast-food establishment 27 were made with a major credit

  Mean output of solar cells of three types are measured six

Mean output of solar cells of three types are measured six times under random light intensity over a period of 5 minutes, yielding the results shown. Research question: Is the mean solar cell output the same for all cell types?

  Percentage of persons enrolled in college

In a certain city, there are 100,000 persons age 18 to 24. A simple random sample of 500 such persons is drawn, of whom 198 turn out to be currently enrolled in college.

  Determining the shortest time interval between calls

If there were 15 calls, (i) what is the probability that the longest time interval between calls is less than 15 minutes? (ii) What is the probability that the shortest time interval between calls is greater than 5 minutes?

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