Find probability that firm will break previous export record

Assignment Help Basic Statistics
Reference no: EM13149060

From past records about 40% of a firm's orders are for export. their records for export shows 48%in one particular financial quarter. if they expect to satisfy about 80 orders in the next financial quarter, what is the probability that they will break their previous export record?

Reference no: EM13149060

Questions Cloud

Define chemical potential energy from rotating turbines : chemical potential energy from rotating turbines into thermal energy. B) electrostatic energy from rotating turbines into chemical energy
Find the prices corresponding to bertrand-nash equilibrium : Two firms with differentiated products compete in prices with demands: q1: 1-P1+0.5P2 q2: 1-P2+0.5P1 Suppose that both firms can produce at the same constant marginal cost c. a. Draw the best response functions. b.Find the prices corresponding to th..
Show analytically that equilibrium price under cournot : Show analytically that equilibrium price under Cournot is greater than price under perfect competition but lower than monopoly price.
Change in irr ranking of two projects : Explain why the short-term project might be higher ranked under the NPV criterion if the cost of capital is high whereas the long-term project might be deemed better if the cost of capital is low. Would changes in the cost of capital ever cause a ..
Find probability that firm will break previous export record : if they expect to satisfy about 80 orders in the next financial quarter, what is the probability that they will break their previous export record?
Compounds are always composed of two or more elements : Compounds are always composed of two or more elements. Atoms of different elements are different. Isotopes have the same number of protons but a different number of neutrons.
Paid-in capital-excess of par increase for transaction : Montgomery & Co., a well established law firm, provided 500 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250..
Estimate of cross-price elasticity of demand for gasoline : Provide an estimate of the cross-price elasticity of demand for gasoline, both with respect to new cars and with respect to used cars. Are these estimates statistically significant? Do they align with economic theory? Give an interpretation of y..
Timulated economic growth : Give your opinion on whether or not the development of the International Space Station stimulated economic growth. Justify your response.

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Computing hypothesis and p value

What is a p-value in testing hypothesis? How does this p-value help us to decide to/not to reject a Null hypothesis? What might happen if we do not use this p-value in particular, when we are rejecting a Null hypothesis?

  Carry out an anova test and state the results

The data collected was for each car for each type of fuel. Performance was measured in miles per gallon. Perform an ANOVA test and state the results.

  Determining probability that the student is a boy

Provided that the selected student excels in sports, determine the probability that the student is a boy?

  Compute hypothesis and z-test statistics and p-value

State the hypotheses. State the decision rule & sketch it. Find the sample proportions & z test statistic.

  Hypothesis testing-real estate data

A recent article in the Denver Post indicated that the mean selling price of the homes in the area is more than $220,000. Can we conclude that the mean selling price in the Denver area is more than $220,000? Use the .01 significance level. What is..

  Find number of defective lamps will be less

Particular brand that they buy. A retailer has ordered a consignment of 5000 such lamps for its chain store nationwide. What is the probability that, the number of defective lamps will be 500 or less?

  Question on t test for population mean

Suppose you want to test the claim that population mean miu=3.5. Given a sample size of n=34 and a level of significance of alpha=0.01, when should you reject Ho?

  What is the probability that separates the bottom

What is the probability that separates the bottom 25 percent from the rest of the distribution.

  Observing a sample proportion of voters

Calculated the probability of observing a sample proportion of voters 0.55 or higher supporting the incumbent governor.

  Using tree diagram-determining probability

Draw a tree diagram representing this experiment. Use this tree diagram to find the probabilities below.

  Find probability that six or more patrons will not show up

If the theater has 100 seats, find the probability that 6 or more patrons will not show up for the sold-out performance.

  Find nonconforming parts are produced during one-hour period

What is the probability that exactly 5 nonconforming parts are produced during a 1-hour period? What is the probability that at least 5 nonconforming parts are produced during a 1-hour period?

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