What is the probability that both say service is poor

Assignment Help Business Economics
Reference no: EM132117791

In a sample of 350 customers, 105 say that service is poor. You select two customers without replacement to get more information on their satisfaction. What is the probability that both say service is poor?

Reference no: EM132117791

Questions Cloud

Implement the corporate social responsibility plan : You decide that your restaurant is going to be socially responsible by implementing a corporate social responsibility plan.
Find the probability that a randomly selected shirt : Find the probability that a randomly selected shirt has loose threads or has crooked stitching.
How much must jessica invest at the end : BUACC5936 – FINANCIAL MANAGEMENT - How much must Jessica invest at the end of each of the next 25 years in order to have the cash purchase price
What is the probability they will all say they are happy : If you select three customers without replacement for a commercial, what is the probability they will all say they are happy with the service?
What is the probability that both say service is poor : You select two customers without replacement to get more information on their satisfaction. What is the probability that both say service is poor?
What were candy corporations earnings per share : Under which of the following legal forms of organization is ownership readily transferable? What were Candy Corporation's earnings per share?
Probability that the sample proportion : If the sample size were 200 what is the probability that the sample proportion would be at least 12.5%? Does this outcome seem likely? Explain.
Determine which of the given situations describe games : Determine which of the following situations describe games and which describe decisions. In each case, indicate what specific features of the situation.
Discuss why an organization would use the three system model : Discuss why an organization would use a SWOT analysis. Identify another source that discusses this model and incorporate key points into your paper.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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