Number of defective candles in the group

Assignment Help Business Economics
Reference no: EM132124042

Off the production line, there is a 4.6% chance that a candle is defective. If the company selected 50 candles off the line, what is the standard deviation of the number of defective candles in the group?

Reference no: EM132124042

Questions Cloud

What is the probability that the next person chosen : What is the probability that the next person chosen will be in the 40-49 or 50-59 age groups?
How do you think any could have been applied differently : How are the five management functions currently applied where you work (or did work)? How do you think any could have been applied differently?
Write down the order of business plan sections : Go online and Read 3 full business plans. Write down the order of their business plan sections with brief descriptions of the content of each section
What is the probability that both say service is poor : You select two customers without replacement to get more information on their satisfaction. What is the probability that both say service is poor?
Number of defective candles in the group : If the company selected 50 candles off the line, what is the standard deviation of the number of defective candles in the group?
Outcomes of binomial distribution : The random variable is the number of employees who judge their co-workers by cleanliness. Which outcomes of this binomial distribution would be considered unusu
Why might you want the patent system : In the case of the diamond, duplicative mineshafts were a waste of economic resources, and the law makes them unprofitable. Instead of a diamond.
Relationship between quantitative variables : Why are scattered plots necessary when investigating the relationship between quantitative variables?
Analysis of your decision-making process : Retrieve statistics on Real Gross Domestic Product (GDP) and on Real Personal Consumption Expenditures (PCE) by year for the last ten years.

Reviews

Write a Review

Business Economics Questions & Answers

  Explain which advanced pricing techniques

Explain which advanced pricing techniques would be most appropriate for each of the following firms.

  Stake holder model versus the share holder model

A lot of discussion has occurred over the difference between the Stake Holder model versus the Share Holder model. Explain the each model and discuss how each can affect the practice of labor relations.

  Federal reserve do to combat the nancial crisis

What did the Federal Reserve do to combat the nancial crisis that accompanied the Great Recession of 2007-2009? What problems is the Federal Reserve currently having to deal with as a result of these activities?

  Elucidate how would you price these two events differently

Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. Elucidate how would you price these two events differently.

  Draw a time series graph showing salaries

On one graph, draw a time series graph showing salaries of McDonald cashiers, reality TV starts, and NBA basketball stars. (Make up a total of 9 data points, you don’t need to show the actual numbers)

  Relationship between economic profits and quasi-rents

Since Herbert Mohring regards the cost of widget capital as the fixed cost effectively, what can you conclude about the relationship between economic profits, quasirents and the cost of capital?

  Shortage in the market for product when

There is a shortage in the market for a product when.

  How are output and unemployment connected

Suppose that, the economy initially at full-employment, the cantral bank increases the money supply. b. How are output and unemployment connected?

  Maximizing position for perfectly competitve firm

Explain the short run and long run profit maximizing position for a perfectly competitve firm, a monopoly, an oligopoly, and a firm with monopolistic competition. Also include the dynamics of moving form a short run to a long run equilibrium.

  What is the annual value of the investment cost

Florida is considering construction of a flood control dike having a life span of 16 years. The investment require is $60,00 and annual maintenance costs of $5,000. The project will provide no benefits for the first two years but will save $24,000 pe..

  Penalties for illegal immigration

Suppose the United States increases the penalties for illegal immigration to include long jail sentences for illegal workers.

  Financial accounting with accounting for government

Compare private sector financial accounting with accounting for government and not-for-profit organizations.

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