Binominal distribution in business

Reference no: EM13102146

How can the binomial distribution be used in a business situation? What type of data would you use and what would you learn from this?

Reference no: EM13102146

Questions Cloud

Continuous probability distributions-normal distribution : Fast Service Truck Lines uses the Ford Super Duty F-750 exclusively. Management made a study of the maintenance costs and determined the number of miles traveled during the year followed the normal distribution.

What is the percentage lost by the window : A wall in a house contains a single window. The window consists of a single pane of glass whose area is 0.11 m2 and whose thickness is 8 mm. Treat the wall as a slab of the insulating material Styrofoam whose area and thickness are 15 m2 and 0.10 ..

Explain how would you have ruled on the case : Explain how would you have ruled on the case when it was tried in 2001? Explain. Would the result be any different today after the Supreme Court's 2005 decision in the New London?

Introduction to sensitivity and specificity of the test : What is the sensitivity and specificity of the test? Suppose that 1 out of 500 infants are born with Down's syndrome.

Binominal distribution in business : How can the binomial distribution be used in a business situation? What type of data would you use and what would you learn from this?

Explain how you are approaching this ethical dilemma : Write an e-mail to your direct supervisor explaining how you are approaching this ethical dilemma. Comprise information about explain how you intend to make this decision.

Confidence interval for the mean monthly rent : Find a 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments available for rent in this community.

Mean of discrete probability distribution : A random sampling of financial analysts was asked to provide forecasts of earnings per share of a corporation's stock for the next year. The results are summarized as follows:

Explain nine learning experiences physical-cognitive : Explain nine learning experiences for 3,4,5 year old children each learing experience should promote physical, cognitive, and creative development.

User Account

All Pages