User Account

All Pages

Probability that more companies outsourced some part

Assignment Help Basic Statistics
Reference no: EM131671441

Question: In an effort to cut costs and improve profits, many U.S. companies have been turning to outsourcing. In fact, according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years. Suppose 565 of these companies are contacted.

a. What is the probability that 339 or more companies outsourced some part of their manufacturing process in the past two to three years?

b. What is the probability that 288 or more companies outsourced some part of their manufacturing process in the past two to three years?

c. What is the probability that 50% or less of these companies outsourced some part of their manufacturing process in the past two to three years?

Reference no: EM131671441

Questions Cloud

Prepare a sales budget report for the month of june : Prepare a Sales Budget Report for the month of June for Clark Company which shows whether the company achieved its planned objectives
How systematic sampling could be used to select a sample : A directory of personal computer retail outlets in the United States contains 12,080 alphabetized entries. Explain how systematic sampling could be used.
Identify two specific obstacles : 300 word in which you identify two specific obstacles, to equal pay. For each obstacle, propose a plan to overcome the problem.
Who is the governing authority for licensing in your area : Examples of ethical violations for which an attorney could be disbarred? Whose role is more critical to the courts?
Probability that more companies outsourced some part : What is the probability that 339 or more companies outsourced some part of their manufacturing process in the past two to three years?
What type of budget would you associate to the project : what type of budget would you associate to the project and how did you determine this value? No need to get specific, as we will cover that in a future module.
Prepare a budgeted multiple-step income statement for year : North Company has completed all of its operating budgets. Prepare a budgeted multiple-step income statement for the year ending December 31, 2017
Describe the basic elements of a project life cycle : Describe the basic elements of a project life cycle. Why is an understanding of the life cycle relevant for our understanding of projects?
Probability of selecting sample of one-bedroom apartments : The average cost of a one-bedroom apartment in a town is $550 per month. What is the probability of randomly selecting a sample of 50 one-bedroom apartments?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd