Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A firm is considering using the Internet to supplement its traditional sales methods. From the data of similar firms, it is estimated that one of every 1,000 Internet hits result in a sale. Suppose the firm has 2,500 hits in a single day.
a. Write an expression for the probability that there are less than six sales, do not complete the calculations.
b. What assumptions are needed to write the expression in part (a)?
c. Use a normal approximation to compute the probability that less than six sales aremade.
d. Use a Poisson approximation to compute the probability that less than six sales aremade.
e. Use a computer program (if available) to compute the exact probability that less than six sales are made. Compare this result with your calculations in (c) and (d).
In a sample of 200 women, 144 of them said they were in debt. Test the claim that women are in deeper debt than men, at a=0.01.
The company can alter the standard deviation. Use a sketch to decide how the company can proceed if they want to reduce this proportion by changing the standard deviation.
Nyobia had a population of 3 million in 1985. Assume that this country's population is growing continuously at a 5% annual rate and that Nyobia absorbs 40000 newcomers every year.
Critique the HR manager's planned approach and give him advice on how to proceed. You can assume that a reasonable estimate for the proportion of new hires that are happy with the company is .8.
She surveys 100 randomly selected families and finds the mean income to be $96,321 with a standard deviation of $9555.With a0.05, is she correct?
Find the z score for a raw score of 550 given the following information: 554 sample mean, 30 sample standard deviation.
Develop a 99% confidence interval for the population mean household income, assuming a normal distribution.
Find the probability (type answer as an integer or simplified fraction) of a couple having a baby boy when their fifth child is born, given that the first four children were all boys.
westco is a well established company with thousands of employees and they want to estimate the average age of their
an economic theory is that the money flowing in and out of mutual funds fund flows is related to the performance of
the economy may be headed for recession. as the manager of a bank you would like to know the average income of the
Is this statistically significant evidence that candidate has sufficient valid signatures overall? Describe.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd