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Problem:
a. According to a Business week poll of 1035 adults, 40% of those surveyed agreed strongly with the proposition that business has too much power over American life (Business Week, September 2000). Assume this percentage is representative of the true population. In a sample of 10 individuals taken from the population, what is the probability that at least five of these individuals will feel that business has too much power over American life?
b. Suppose phone calls for assistance arrive at a rate of 48 per hour at the complaints desk of a company's after sale service department.
i. Compute the probabilities of receiving exactly 10 calls, 15 calls and 20 calls in 15 minutes.
ii. Suppose no calls are currently on hold. If the agent takes five minutes to complete the current call, how many callers do you expect to be waiting by that time? What is the probability that: (a) none and (b) exactly two will be waiting?
iii. If no calls are currently being processed, what is the probability that the agent can take three minutes for personal time without being interrupted by a call? What is the probability that he will receive only one call during these three minutes?
Let the national income model be: Y= c+1+G C=20+0.6y I=0.2y G=20 Where y= income, C= consumption, I= investment and G=government expenditure find y, C and I from the model. By quan
Questions 1. What would be the appropriate statistical procedure to test the following hypothesis: "Triglyceride values are a good predictor of weight in obese adults." 2.
Question: The weights shown in the figure are in equilibrium. It consists of objects held by vertical strings. The object 3 weighs 1.4 N. The horizontal bars are identical, uniform
Capital assets Assets which meet the state''s capitalization strategy such as ground: developments to l&: easements: buildings: leasehold improvements: means of transportation: or
Atomistic fallacy The fallacy which arises because of the association amongst the two variables at the individual level might differ from the association between the similar two
Toyota Motors introduced a hybrid car Hybrid G in the U.S. market in 2006. In the first three years, the sales of Hybrid G were strong due to the buzz surrounding the hybrid car co
I want to simulate observed variables for structural equation modeling. In real data it is assumed that observed variables are not error free variables, so should i also simulate e
I am currently doing a report on IRFS and have to identify the the issues involved with businesses adopting IRFS
Annuity A sequence of equivalent money payments made or obtained at equivalent durations over a specific time period.
Where an element of randomness is introduce by suing random numbers to pick up the unit with which to start this process of sampling is known as systematic sampling.
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