Probability that your roommate mailed the letter

Assignment Help Business Economics
Reference no: EM132137019

You ask your roommate to mail a letter for you. Suppose there is a 0.21 probability your roommate will forget to mail it. 

Should your roommate mail your letter, there is a 0.9 probability that Canada Post will deliver the letter. 

If the letter is never delivered, what is the probability that your roommate mailed the letter?

Reference no: EM132137019

Questions Cloud

What proportion of students scored outside : What proportion of students scored outside of the area between scores 66 and 86?
Confidence interval for the temperature : What would be the 95% confidence interval for the temperature of your cup of coffee?
Determine the minimum sample size required : Determine the minimum sample size required when you want to be 95% confident that the sample mean is within one unit of the population mean.
Define the parameter of interest in the context : (i) Define the parameter of interest in the context of the problem (ii) State the alternative hypothesis.
Probability that your roommate mailed the letter : If the letter is never delivered, what is the probability that your roommate mailed the letter?
What are the minimum-first quartile-median : What are the minimum, first quartile, median, third quartile, maximum, interquartile range, and range of the data set below? Make a box-and- whisker plot.
Daily time spent communicating on a smartphone : A survey of a random sample of 1000 smartphone owners found that the mean daily time spent communicating on a smartphone was 131.4 minutes.
Probability of the team winning : Estimate the probability of the team winning any single game in the upcoming season.
Which sample would have the wider : If two samples A and B had the same mean and sample size, but sample A had a larger standard deviation, which sample would have the wider 95% confidence interva

Reviews

Write a Review

Business Economics Questions & Answers

  Analyze the change of federal minimum wage

In a paper, analyze the impact of changes in the federal minimum wage on employment, the individual, family and household incomes, and the future of employment wages. Provide specific examples to support your findings and justify your ideas.

  Decade medical costs have increased more rapidly

Over the past decade medical costs have increased more rapidly than other prices. In order to illustrate how rising medical costs have affected consumer alternatives, let X represent the quantity of medical services, and let Y represent the quantity ..

  What are five personality traits that an entrepreneur needs

What are 5 personality traits that an entrepreneur needs to be successful? Personality traits are enduring, fairly consistent tendencies to feel.

  What was the effect on the market for vintage baseball cards

In the 1990's, helped by desktop publishing software that proliferated during that time, the number of vintage baseball card forgeries flooded the market for vintage baseball cards. Dealers left the market for fear of purchasing a phony. What was the..

  Company has minimum rate of return standard

If the company has minimum rate of return standard as 10%, which of the following projects would you recommend to the company? A) Investment in year 0, $40,000, returns $10,000 in year 1, $11,000 in year 2, 12,000 in year 3, and $13,000 in year 4. Op..

  Firm was all equity financed

If the corporate tax rate is 36%, what would it's cost of equity be if the firm was all equity financed?

  How many times more productive was a per-hour lawyer

Times more productive than a minimum wage worker. How many times more productive was a $160-per-hour lawyer compared to a worker earning minimum wage?

  Perfect complements and draw an indifference curve map

For each of the following pairs of items, say if they are perfect substitutes, imperfect substitutes, or perfect complements and draw an indifference curve map.

  Illustrate what will the effect be on equilibrium output

If the government purchases also taxes are both increased by $100 billion simultaneously illustrate what will the effect be on equilibrium output.

  About the revenue and profit

Serenity, Mac's Firefly-class spaceship, smuggles cattle from one planet to another. On one trip Mac purchased 90 head of cattle at a price of $5,000 for every 30. At his destination, he sells them for $1,000 apiece. What is Mac's Revenue and Profit?

  Production function of a firm

The production function of a firm is given in the table below.

  Characterize labor conditions in the new economy

Characterize labor conditions in the new economy. Address the following: What working conditions do most people have? Who controls labor conditions?

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