Working in telemarketing makes telephone calls

Assignment Help Basic Statistics
Reference no: EM131130862

A woman working in telemarketing makes telephone calls to private homes according to a Poisson process with rate λ = 100 per (working) day. We estimate that the probability that she succeeds in selling her product, on a given call, is equal to 5%, independently from one call to another. Let N(t) be the number of telephone calls made in the interval [0, t], where is in (working) days, and let be the number of sales made during one day.

(a) Suppose that the woman starts her working day at 9 a.m. and stops working at 7 p.m. Let TQ be the number of minutes between 9 a.m. and the moment of her first call of the day, and let SQ be the duration (in minutes) of this call. We suppose that SQ ~ Exp(l) and that TQ and 5o are independent random variables. What is the probability that the woman has made and finished her first call at no later than 9:06 a.m. on an arbitrary working day?

(d) What is the probability that the woman will make no sales at all on exactly one day in the course of a week consisting of five working days?

Reference no: EM131130862

Questions Cloud

Describe your area of expertise : Whatever your expertise, you must have become an expert through first-hand experience, not just by reading about it or doing research online. Describe your area of expertise and teach your readers some of the things you've learned about it
Provide proposal to solve a problem in your local community : Imagine that you own a company that has been asked to provide a proposal to solve a problem in your local community.
Why do financial managers have some difficulty applying capm : Why do financial managers have some difficulty applying CAPM in financial decision making? Generally, what benefit does CAPM provide them?
Analyze the issue using the economic concepts and theory : Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course.
Working in telemarketing makes telephone calls : A woman working in telemarketing makes telephone calls to private homes according to a Poisson process with rate λ = 100 per (working) day. We estimate that the probability that she succeeds in selling her product, on a given call, is equal to 5%,..
Determine the total number of units produced during the year : Badlands, Inc. reports the following information for the year ended December 31: Units sold 640 units Sales price $120 per unit Direct materials $28 per unit Direct labor $9 per unit Variable manufacturing overhead $15 per unit Fixed manufacturing ov..
What are some of the debates concerning the aca : Does Blue Ridge Paper Products' (BRPP) policy differ from a traditional employee stock ownership plan (ESOP)? What are the implications? Are there any ethical concerns in the case? Why? Why not?
How would you describe the author style and tone : The Passage "Turning Off, Dining In" what was the author main point? How would you describe the author's style and tone
When is the coefficient of variation preferred over standard : When is the coefficient of variation preferred over the standard deviation for comparing asset risk?

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