Sales record of an analytical equipment

Assignment Help Basic Statistics

Reference no: EM131001391

APPLICATION OF THE BINOMIAL MODEL: ANALYSIS

From experience with a battery manufacturing process, it is known that 5% of the products from a particular site are defective. Find the prob- ability of obtaining 2 defective batteries in a batch of 20 drawn from a large lot manufactured at this particular site, and show that we are more likely to ?nd 1 defective battery in the sample of 20 than 2.

APPLICATION OF THE BINOMIAL MODEL: DESIGN

From the sales record of an analytical equipment manufacturing company, it is known that their sales reps typically make on average one sale of a top-of-the-line near-infrared device for every 3 attempts. In preparing a training manual for future sales reps, the company would like to specify n, the smallestnumber of sales attempts each sales rep should make (per week) such that the probability of scoring an actual sale (per week) is greater than 0.8. Find n.

Reference no: EM131001391

Questions Cloud

The range-of-reaction principle : The evolution of the field of developmental psychology has begun to trend toward a more holistic view of development, and this is evidenced by the theories of hereditary and environmental interaction. The canalization principle and The range-of-rea..

Theoretical probability of process producing sheets : What percentage of the product made in this process can be expected to fall into this desired category? (3) What is the theoretical probability of this process producing sheets with 5 or more inclusions?

Calculate for each of the first three states annual premium : Calculate for each of the first three states the annual premium and the reserve at time t. Write down the Thiele differential equations. Verify that your answers to (a) satisfy the equations in (b).

Accounts receivables from related parties : Accounts receivables from related parties should be shown separately from trade receivables.

Sales record of an analytical equipment : From the sales record of an analytical equipment manufacturing company, it is known that their sales reps typically make on average one sale of a top-of-the-line near-infrared device for every 3 attempts.

Estimating the probability of accepting : An order of 25 high-reliability electron tubes has been shipped to your company. Your acceptance sampling protocol calls for selecting 5 at random to put through a destructive "accelerated life-test;" if fewer than 2 fail the test, the remaining 2..

Differentiate the historical views of transfer : Differentiate the historical views of transfer and provide a cognitive explanation for transfer of knowledge, skills, and strategies

How were the declines of the aztec and inca empires similar : They were both destroyed by the Spanish. They both started out as a small militaristic group and grew in numbers as they conquered surrounding groups.

What would you do differently to enhance learning : If you were teaching a class on problem solving with both novices and experts, what would you do differently to enhance learning of each group

User Account

All Pages