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Question 1:
A mail-order firm has a circular which elicits a 10% response rate. Suppose 20 of the circulars are mailed as a market test in a new geographic area. Assuming that the 10% response rate is applicable in the new area, determine the probability that
(i) no one responds,
(ii) exactly two people respond,
(iii) less than 20% of the people respond.
Question 2:
The packaging process in a breakfast cereal company has been adjusted so that an average of 13.0 oz of cereal is placed in each package. Of course, not all packages have precisely 13.0 oz because of random sources of variability. The standard deviation of the actual net weight is 0.1 oz and the distribution of weights is known to follow the normal probability distribution.
(i) What is the probability that the weight of the cereal will exceed 13.25 oz?
(ii) Evaluate the probability that a randomly chosen package will contain between 13.0 and 13.2 oz of cereal.
Imagine you are faced with the opportunity to play two coin flips, in which you get to call heads or tails prior to the flip of a fair, two-sided coin. (That is, heads and tails h
The owner of the Finer Diner submitted a proposal to you in hopes of selling the business to you. His asking price is $250,000. Your financial institution advises that your month
Present the survey methodology which is going to be used by describing primary and secondary data collection methods, population, sampling frame and sampling method/s, sample size
pzl give me ans
they gave me n=30 and p=.23 to get the answers for P(20,x,23)= and P(x.23)=
Definition of budget control as management of costs & expenses with examples. Budget control is the management of costs & expenses in accordance with an underlying budget.
AUTOMATED TELLER MACHINE (ATM) Computer managed devices placed at a financial institution division or other place, which allow a client to execute primary checking actions (such a
how solve and get kurtosis
started business with cash
note: Raw material costs 15 500 Direct Labor Costs: 14 750 Overhead costs 11 800 plant Finished Goods 37 500 Raw materials are charged into an order that is still in the process
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