What is the probability that he or she makes 10 calls

Assignment Help Business Economics
Reference no: EM131877179

According to a survey, college student make an average of 77 calls per week on their cell phone. Moreover 80% of the students surveyed indicated that their parents pay their cell phone expenses.

a. If you select a student at random what is the probability that he or she makes 10 calls in a day?

b. If you select a random sample of 10 students, what is the probability of at least 2 have parents pay their cell phone expenses?

Reference no: EM131877179

Questions Cloud

Population standard deviations : What is the margin of error? Assume both population standard deviations are equal.
Explain the factors that would influence the officer : Police officers receive extensive training, and police administrators usually bring advanced formal education to the job.
Determine the single plantwide factory overhead rate : Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours
Diagnose the reasons for resistance to change : Using the organization that your instructor preapproved, the (organization Im using is the prison system)diagnose the organization's level of resistance.
What is the probability that he or she makes 10 calls : a. If you select a student at random what is the probability that he or she makes 10 calls in a day?
How did the leaders demonstrate flexibility and adaptability : Write a 500-750 word paper that analyzes the Chilean mine rescue. As a leader, you will be faced with responding immediately to solve issues.
Find the probability of a sample mean : For a sample of n=75, find the probability of a sample mean being greater than 220 if µ=219 and sigma s=3.7
Discuss the point and job content methods : Discuss the point and job content methods, and give an example of how each is applied in determining compensation.
Define multiculturalism and cultural immersion : Why is this a good approach to solving problems of majority-minority inequality in education?

Reviews

Write a Review

Business Economics Questions & Answers

  Marginal product of capital

Beat To A Pulp, Inc. sells paper and uses paper machines and labor in production. It pays $800 per employee and $400 per paper machine. Its marginal product of labor (MPL) is 1600 reams of paper per worker and marginal product of capital (MPK) is 200..

  Possible confounding effects in an evaluation

Discuss how we can minimize possible confounding effects in an evaluation. Make sure to discuss the two major techniques.

  Present value of net benefits

Supposed a proposed public policy could result in three possible outcomes: If the probability of each outcome is, respectively, 0.85, 0.10, and 0.05, should the policy be pursued or not? Explain.

  Discuss types-relationships of costs within multiple markets

Discuss the types and relationships of costs within multiple markets. Include descriptions and formulas, as well as, comments as to their level of importance to a firm’s long-run and short-run production strategies. Take account of opportunity costs ..

  What MARR does the investment represent

A college graduate with a B.S. in Mechanical Engineering expects to earn, on average, $20,000 per year more than an engineer without a B.S. degree. what MARR does the investment represent? Is it a high or low rate of return compared to, say a student..

  Suppose that the carnival and the circus have both come to

suppose that the carnival and the circus have both come to town and are both o?ering free admission. you have 6 free

  Careful study of the retail tire market

Suppose that Jack and Jill use a tit-for-tat scheme to encourage cartel pricing. Jill chooses the low price for two successive months, and then switches to the high price. The two firms will deviate from cartel pricing for a total of _________ months..

  Examples of moral hazard

Identify which of the following situations currently faced by the World Bank or the International Monetary Fund are examples of adverse selection and which are examples of moral hazard.

  Equivalently rental cost of capital

You are given the following information about a firm's investment decision. Calculate its user cost of capital (equivalently rental cost of capital). (Round to the nearest dollar)

  Show that consumer surplus when monopolist innovates is low

Show that consumer surplus when the monopolist innovates is lower than the consumer surplus that obtains when the entrant innovates.

  Write a difference equation for amount of water in reservoir

Write a difference equation for the amount of water in a reservoir behind a dam on a river. The reservoir holds 1 billion gallons of water when full. Annual water loss through evaporation equals 10% of the total in the reservoir.

  Five quarterly deposits decreasing

If you deposit $1000 now, $3000 four years from now followed by five quarterly deposits decreasing by $500 per quarter at a rate of 12% per year compounded quarterly, how much money will you have in your account 10 years from now?

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