Probability of incoming phone calls

Assignment Help Basic Statistics
Reference no: EM13104205

A certain company relies heavily on phone orders. Suppose past records show that R% of all incoming phone calls to this company are orders from customers. At least how big must R be for you to be at least 90% sure that the first phone order of the day will occur on or before the tenth incoming call of the day?

Reference no: EM13104205

Questions Cloud

Probability that the sprinkler system will come on : In case of fire, the probability that D1 operates correctly is 0.95 and the probabilty that D2 operates correctly is 0.92. Find the probability that the sprinkler system will come on.
Determining independent trials : Suppose a sequence of independent trials is performed where each trial results in either success or failure. Suppose X=the number of failures before the first success, with p=probability of success on any one trial.
Case study - rochester manufacturing corporation : Rochester Manufacturing Corporation (RMC) is considering moving some of its production from tranditional numerically controlled machines to a flexible manufacturing system (FMS).
Variables to help you predicting the risk : Develop the "best" regression model possible using this set of variables to help you predict the Risk. State your final model. Interpret the coefficients for the model (i.e. what do the numbers mean?). Finally, tell me how to use this model for pr..
Probability of incoming phone calls : A certain company relies heavily on phone orders. Suppose past records show that R% of all incoming phone calls to this company are orders from customers.
How transitions assist with the flow of the cause : Write down some common transitions? How might transitions assist with the flow of the cause and effect essay? Do certain transitions influence the key point of your essay?
Calculate the annual ordering cost : Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2000 units of X which costs $25 each. Storage cost amounts to $5 per unity of average inventory.
Information about independent events : The probability I'll jog today is 0.90 and the probability you'll jog tonight is 0.30. Find the probability:

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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