Probability of finding only one case of unmixed drugs

Assignment Help Business Economics
Reference no: EM131877242

During 2011, the Scottish Crime and Drugs Enforcement Agency repeatedly seized hauls of illicit white powders in Aberdeenshire. On analysis, these were repeatedly found to contain 2% fentanyl in a mix of 98% lactose. Three out of ten cases also involved other drugs, not just fentanyl. In an analysis of 15 cases of illicit white powders, calculate the following:

a. What is the probability of finding only one case of unmixed drugs?

b. What is the probability of finding five cases of unmixed drugs?

c. The probability of three cases having a mix of drugs?

Reference no: EM131877242

Questions Cloud

Is there evidence that this survey is biased : A survey using a simple random sample of 1000 landline telephone numbers finds the percentage of female voters to be 55%.
Prepare the entry or entries related to the machine : An expense account was debited on the purchase date. Stevens uses straight-line depreciation. Prepare the entry or entries related to the machine for 2008
T-statistic yields a p-value : Let Y 1 ,...., Y n be i.i.d. draws from a distribution with mean µ =10. A test of H0 : µ = 10 using the usual t-statistic yields a p-value of 0.07.
Write a memo that communicates the budget situation : Go to iCampus to download a free version of Microsoft Project needed to complete this assignment. Details on how to download the software are available.
Probability of finding only one case of unmixed drugs : a. What is the probability of finding only one case of unmixed drugs? b. What is the probability of finding five cases of unmixed drugs?
What is the cost of equity : SocksOnline is an Internet company that sells socks online. The company has a beta of 1.6 and no debt. What is the cost of equity
What do humans share with neanderthals : First, what do humans share with Neanderthals? How are we alike? What did modern humans do that Neanderthals did not?
Population parameters and developing confidence intervals : Why is the selection of a random sample from the population so important for making statistical inferences about population parameters and developing confidence
Process of statistical inference : Why are sampling distributions so important in the process of statistical inference?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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