What is the probability that men spend on st patricks day

Assignment Help Management Theories
Reference no: EM131460737

Question: On St. Patricks Day, men spend an average of $43.87 while women spend an average of $29.54 (USA Today, March 17, 2009). Assume the standard deviations of spending for men and women are $3 and $11, respectively, and that both distributions are normally distributed.

a. What is the probability that men spend over $50 on St. Patricks Day?

b. What is the probability that women spend over $50 on St. Patricks Day?

c. Are men or women more likely to spend over $50 on St. Patricks Day?

Reference no: EM131460737

Questions Cloud

What is the interquartile range of this distribution : U.S. consumers are increasingly viewing debit cards as a convenient substitute for cash and checks. The average amount spent annually on a debit card is $7,790.
Confidence interval for the proportion of orders : Give a 90% confidence interval for the proportion of orders completed in this time. (Round your answers to three decimal places.)
What is the equivalent a over six years : you’re given $100k now, $200k in three years, and $400k in six years. What is the equivalent A over 6 years?
Risk factors for mortality in the nurses health study : Will this information, if true, have a direct bearing on the health of my patients and is it something they will care about?
What is the probability that men spend on st patricks day : On St. Patricks Day, men spend an average of $43.87 while women spend an average of $29.54 (USA Today, March 17, 2009).
Remedy some non-linearity : In a simple linear regression (SLR) model, if a log transformation is performed on X to remedy some non-linearity, the mean value of Y is bound to change.
How the strategies are different or same as the us strategy : Summarize examples of policies and/or procedures that demonstrate how the strategies are different or the same as the US strategy.
Debt finance does not affect operating risk : Debt finance does not affect operating risk but it does add financial risk.
Analyze this problem using a decision tree : a. Analyze this problem using a decision tree. b. What is the maximin alternative? c. Compute the EVPI and interpret it.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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