statistics, Basic Statistics

Assignment Help:
1. A search engine site claims that, on average, one out of five visitors clicks on an ad.
(a) If 8 users visit the site, what is the probability that at least three click on an ad?
(b) If 8 users visit the site, what is the probability that less than two of them click on an ad?
(c) If 800 users visit the site, would the probability that less than 200 click on an ad be higher or lower than the answer found in part (b)? Write a few sentences explaining your answer- computations are not required (or desired)
(d) Suppose 90 users visit the site during a particular minute, use the normal approximation to estimate the probability that more than 25 of them click on an ad.
(e) If 900 users visited the site, would the probability that more than 250 of them click on an ad be higher or lower than the answer found in part (d)? Write a few sentences explaining your answer- computations are not required (or desired)

2. Suppose that, overall, 5% of all tax returns are audited by the IRS.
(a) If an accountant has 7 clients for whom she prepared tax returns, what is the probability that less than 3 will be audited?
(b) If the accountant has 30 clients, what is the probability that at least one is audited?
(c) Suppose the accountant prepares 500 returns, use the normal approximation to estimate the probability that more than 20 of the returns are audited.

Related Discussions:- statistics

Kripsy kreme, How did round trip transactions violatet the revenue recognit...

How did round trip transactions violatet the revenue recognition principle?

Responsiblity accounting significance, What is significance of Responsiblit...

What is significance of Responsiblity accounting in divisional performance statement measurement?

Angular histogram, Angular Histogram A method or technique for displayin...

Angular Histogram A method or technique for displaying the circular data, which involves the wrapping of the usual histogram around a circle. Each bar in the histogram is center

Discrete random variable, ABC company has 2000 accounts receivable. The mea...

ABC company has 2000 accounts receivable. The mean and standard deviation are $300 and $50, respectively. Assume that the accounts are normally distributed.

Lpp, A paper mill produces two grades of paper viz., X and Y. Because of ra...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Sta, explain two charateristics.and two aapplication ofics statist

explain two charateristics.and two aapplication ofics statist

#measures of central tendency, #what is the importance of measures of centr...

#what is the importance of measures of central tendency to Human resource management

Systematic sampling, Where an element of randomness is introduce by suing r...

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.

Write Your Message!

Captcha
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