Probability results for small and big businesses

Assignment Help Basic Statistics
Reference no: EM1393498

A Gallup Poll (June 9 to 12, 2008) interviewed a random sample of 822 adults (18 years or older). The people in the sample were asked about their level of confidence in a variety of institutions in the United States. Here are the results for small and big businesses:

Great deal Quite a lot some Very Little None No opinion
Small Business 0.28 0.32 0.31 0.07 0.00 0.02
Big Business 0.07 0.13 0.43 0.32 0.03 0.02

a) What is the probability that a randomly chosen person has either no opinion, no confidence, or very little confidence in small businesses? Find the similar probability for big businesses.

(b) Using your answer from part (a), determine the probability that a randomly chosen person has at least some confidence in small businesses. Again based on part (a), find the similar probability for big businesses.

Reference no: EM1393498

Questions Cloud

Relationship between objectives and goals : Critically discuss the difference among strategic, long-term, and short-term objectives? What is the relationship between objectives and goals? What are examples of this relationship?
What are processes and techniques to make the budgeting : What are some processes and techniques that you would suggest to make the budgeting process work well? Start with general but also provide some specifics as relate to creating detailed project budgets. Be sure to justify why you think your recomme..
Examples of descriptive statistics : Critically discuss some examples of descriptive statistics? Why are they used in research? What is a confidence interval?
Question based on classical genetics : Suppose that 2-pigments, red and blue, mix to give the normal wild-type purple color of petunia petals. Separate biochemical pathways synthesize the two pigments.
Probability results for small and big businesses : A Gallup Poll (June 9 to 12, 2008) interviewed a random sample of 822 adults (18 years or older). The people in the sample were asked about their level of confidence in a variety of institutions in the United States. Here are the results for small..
Show the working of ldcr and mdcr protocol : Find that distance with which the tasks are feasibly scheduled and Show the working of LDCR and MDCR protocol on the given message set
What is the efficiency of the line : what is the efficiency of the line balanced as in d? suppose the demand rose from 750 to 800 units per day.what would you do?show any amount or calculations. Suppose that demand rose from 750 to 1,000 units per day.what would you do?show any amoun..
Arrange the genes and pigments in biochemical pathway : Most flour beetles are black, but several color variants are known. Crosses of pure-breeding parents created the following results in the F1 generation.
Cost of the preferred stock : Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. A similar stock is selling on the market for $70. Burnwood must pay flotation costs of 5% of the issue price.

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