Public relations intern realizations

Assignment Help Game Theory
Reference no: EM1391263

A public relations intern realizes that she forgot to assemble the consumer panel her boss asked her to do. She panics and decides to randomly ask (independent) people if they will work on the panel for an hour. Since she is willing to pay them for their work, she believes she will have a 75% chance of people agreeing to work with her. Let Y be the number of people she needs to ask until she nds 5 people for her panel.

a) What are the distribution and parameters of Y ?

b) How many people should she expect to ask to ll her panel?

c) What is the probability she needs to ask 8 people before she nds 5 to ll her panel?

d) What is the probability she needs to ask no more than 7 people before she lls her panel?

Reference no: EM1391263

Questions Cloud

Payback period to implement new product : Determine payback period for implementing Oracle Discoverer? Assume that WebFocus will be in-place until December 31 and the migration to Oracle will be done concurrently and is expected to be completed and operational by Dec 31 as well.
Find out the pressure that each ski exerts on the snow : Two metal spheres, each weighing 24-kg are placed 0.05 m apart. Compute the magnitude of the gravitational force the two spheres exert on each other.
Single monopolistic firm : A single monopolistic firm provides pick-up of recyclable goods (bottles, cans, paper, etc.) in the city
Explain how might you promote the credibility of hr staff : explain how might you promote the credibility of the HR staff, such which there is still compliance with federal and state laws, but also cooperation from managers and employees?
Public relations intern realizations : A public relations intern realizes that she forgot to assemble the consumer panel her boss asked her to do. She panics and decides to randomly ask (independent) people if they will work on the panel for an hour.
What are some of the key issues facing businesses today : What are some of the key issues facing businesses today in terms of continuing to offer a competitive benefits package?
Determine type of evolution for the observed changes : Suppose you return the next season and in the newborn weasels you measure a distribution of genotypes that looks like the.
Well-developed literary analysis of alice walker-s story : You are to write down well-developed literary analysis of Alice Walker's short story, "Everyday Use." In paper, focus requires to be on examining (NOT summarizing) particular elements of story.
Employe decide to penalize employees who eat their favourite : Do you imagine it is ethical when an employer decides to penalize employees who eat their favourite junk foods and gain weight or smoke cigarettes, which are a legal product?

Reviews

Write a Review

Game Theory Questions & Answers

  Evaluating several pricing strategies

Assume that JVC is trying to decide how to rate a new stereo system composed of a receiver, CD player, & speakers. The firm's economists have estimated that 2-different groups will buy these products

  Sample proportions of customers

According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase. Random samples of size 50 are selected.Referring to the information, the average of all the sample proportions of customers who will mak..

  Different random samples of data pairs

Critical Thinking: Suppose you and a friend each take different random samples of data pairs (x,y) from the sample population. Assume the samples are the same size.

  Creating a payoff table

Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.

  What is the average annual decline rate

In an enterprise the unit cost of the product is 200 dollars in 2000, 160 dollars in 2005, please calculate the average annual decline rate of unit cost during the period from 2000 to 2005. If in 2010 the unit cost of the product down to 112 dolla..

  Student with phone take risk than students with no phone

A recent study by Ohio State University (March 5, 2008) suggests that students with cell phones may take more risks than students that do not have cell phones.

  Density curve describing the distribution

In order to answer the following questions, first draw a density curve describing this distribution. Pay attention to the height of the curve!

  Probability that the marble is white or black

A jar contains four white marbles, five red marbles, and six black marbles. If a marble were selected at random, what is the probability that it is white or black?

  Game theory and oligopoly

Advanced Micro Devices declared a 10 percent price raise for certain advanced microprocessors, used primarily in video games. The processors will sell for about $1,000 compared to Intel's $950 price.

  A supplier and a buyer, who are both risk neutral

A supplier and a buyer, who are both risk neutral, play the following game,  The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.

  Outcome of interest in the sequence of coins

A hat contains three coins - one gold, one silver and one copper. You will select coins one at a time without replacement until you choose the gold coin. The outcome of interest is the sequence of coins that are selected during this process.

  Providing service to an intermediate market

For the time-frame of this study, once a market has reached a higher category, it won't fall back to a lower category. What is the probability that Logistics will stop providing service to an Intermediate market before becoming a High market?

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