What is probability that an organization selected at random

Assignment Help Basic Statistics
Reference no: EM131369669

A recent survey conducted by Towers Perrin and published in the Financial Times showed that among 460 organizations in 13 European countries, 93% have bonus plans, 55% have cafeteria-style benefits, and 70% employ home-based workers.

If the types of benefits are independent, what is the probability that an organization selected at random will have at least one of the three types of benefits?

Reference no: EM131369669

Questions Cloud

What is the probability that holiday sales will increase : The projected probability of increase in online holiday sales from 2004 to 2005 is 95% in the United States, 90% in Australia, and 85% in Japan.- What is the probability that holiday sales will increase in all three countries from 2004 to 2005?
What is a potential feminist ethical response : PHI 208 What is a potential feminist ethical response to this situation and which of the thinkers from the week relate to your justification for the response?
Find probability that the device will work satisfactorily : The probability of failure of component A is 0.02 and that of B is 0.1 in some fixed period of time.- If the components work independently, find the probability that the device will work satisfactorily during the period.
Determine the smallest suitable culvert diameter : A circular finished concrete culvert is to carry a discharge of 50 ft3/s on a slope of 0.0010. It is to flow not more than half full. The culvert pipes are available from the manufacturer with diameters that are multiples of 1 ft.
What is probability that an organization selected at random : If the types of benefits are independent, what is the probability that an organization selected at random will have at least one of the three types of benefits?
Difference between sequential and random file access : What is the difference between sequential and random file access? What is the end-of-file condition and how do you use it in a program?
What is chance that at least one investment will make money : Credit derivatives are a new kind of investment instrument: they protect investors from risk. - What is the chance that at least one investment will make money?
Create a simple flowchart of the activity you selected : Create a simple flowchart of the activity you selected. (Review the Sample Workflow of Answering a Telephone in an Office document found in this week's Learning Resources for an example.)Explain the process you have diagrammed.For each step or deci..
Determine the water velocity in a section of this flume : It is claimed that on steep portions of the Blue Ridge Flume (see Problem 10.54 for the flume cross section), the water would rush along at 50 mph. Is this possible? If so, determine the slope; if not, explain why not.

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