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

  Percentile rank change

Millie and Senta Meter have recently taken Pre and Post test in achievement. The test were normally distributed. Millie's percentile rank changed from 57.93 to 77.34. Senta's changed from 1.07 to 4.95.

  Hypothesis testing-chi-square test of variance

Statistics Test Scores - Tests in the author's statistics class have scores with a standard deviation equal to 14.1. One of his last classes had 27 test scores with a standard deviation of 9.3.

  Find proportions in given question

A recent newspaper article reported the results of a survey of well-educated suburban parents. The re- sponses to one question indicated that by age 2, chil- dren were watching an average of µ 5 60 minutes of television each day. Assuming that the..

  Employees will see the raise of at least how much

She will make the mean raise $1000 and the standard deviation $179. Basing this on worker productivity (toys constructed), the most productive 10% of employees will see a raise of at least how much?

  Probability-household has fax machine and personal computer

Suppose 91% of all Australian households having a fax machine have a personal computer. A Australian household is randomly selected. What is the probability that the household has a fax machine and a personal computer?

  What is the probability that the colors are depleted in the

balls are randomly removed from an urn that initially contains 20 red and 10 blue balls.a what is the probability that

  Draw a decision tree for net present value of the profits

Finally, the when large plant is built and the demand happens to be high, the net present value of the profits $800,000. Draw a decision tree.

  Suppose that x represents a single observation from the

suppose that x represents a single observation from the distn given by fx theta thetaxtheta - 1 for 0 lt x lt 1find

  In fact it is positively skewed what is the probability of

the rent for a one-bedroom apartment in southern california follows the normal distribution with a mean of 2475 per

  Result of a reading intervention

When you are interested in finding out if students' achievement level changes over time as result of a reading intervention, what type of ANOVA would you use?

  Suppose the average speeds of passenger trains traveling

suppose the average speeds of passenger trains traveling from newark new jersey to philadelphia pennsylvania are

  I examining the ability of users to complete a variety of

in examining the ability of users to complete a variety of information-seeking tasks on their mobile devices nielsen

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