What do you think of the claim

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1. Consider Exercise 5.55, and find P(x 17) if the stain removal product's claim is correct. If x actually turns out to be 17, what do you think of the claim?

2. A state has averaged one small business failure per week over the past several years. Let x denote the number of small business failures in the next eight weeks. Use the Poisson distribution to find P(x > 17) if the mean number of small business failures remains what it has been. If x actually turns out to be 17, what does this imply?

3. A candy company claims that its new chocolate almond bar averages 10 almonds per bar. Let x denote the number of almonds in the next bar that you buy. Use the Poisson distribution to find P(x 4) if the candy company's claim is correct. If x actually turns out to be 4, what do you think of the claim?

4. Consider Exercise 5.58, and find P(x 8) if the candy company's claim is true. If x actually turns out to be 8, what do you think of the claim?

Text Book: Business Statics in Practice By BOWERMAN.

Reference no: EM13911683

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