User Account

All Pages

Compute probability bounds on volume of excess sales

Assignment Help Basic Statistics
Reference no: EM131703189

Question: The impact of a television commercial, measured in terms of excess sales volume over a given period, is believed to be approximately normally distributed with mean 50,000 and variance 9,000,000. Find 0.99 probability bounds on the volume of excess sales that would result from a given airing of the commercial.

Reference no: EM131703189

Questions Cloud

Discuss how is it that humans have morality at all : How is it that humans have morality at all? How is that we come to evidence morality in all human societies
Identify the common core state standard being assessed : Identify the Common Core State Standard being assessed for mastery.Identify a unit goal that aligns with the Common Core State Standard.
Construct a confidence interval : Determine whether a normal distribution or a t-distribution should be used or whether neither of these can be used to a confidence interval.
Identify and elaborate on two methods : Identify and elaborate on two methods- one peaceful and one violent. which of the two identified do you think was more effective and why
Compute probability bounds on volume of excess sales : The impact of a television commercial, measured in terms of excess sales volume over a given period, is believed to be approximately normally distributed.
Construct the confidence interval for the population mean : Construct the confidence interval for the population mean, µ, if c = 0.99.
What is average total number of customers in checkout area : What is the average total number of customers in the checkout area? This includes customers waiting to be checked out and customers being checked out.
Probability bounds on number of people who sign up for trip : A travel agency believes that the number of people who sign up for tours to Hawaii during the Christmas-New Year's holiday season is an approximately normally.
The marketing plan should always be stand-alone document : The marketing plan should always be a stand-alone document. The market summary is a one- to two-page synopsis of a company’s marketing plan.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Use the last-value method retrospectively to determine

Ben Swanson, owner and manager of Swanson's Department Store, has decided to use statistical forecasting to get a better handle on the demand for his major products.

  Problem related to mens heights

Men's heights. The distribution of heights of young men is approximately Normal with mean 70 inches and standard deviation 2.5 inches.

  Give confidence interval for mean number of years

Give a 99% confidence interval for the mean number of years general managers of major-chain hotels have spent with their current company.

  Number of times a high school student

Suppose that the number of times a high school student says "like" in a sentence is approximately normally distributed with a mean of 4 and a standard deviation of .5.

  Estimation of the proportion of hospital referrals

What size sample would be required to estimate the proportion of hospital referrals with a margin of error of 0.04 or less at 95% confidence?

  If the wait time is less than 10 minutes you pay 2 if it

the wait time minutes you experience waiting for a bus is modeled by t10x-10 x is randon variable have prob. density

  Corresponding value-normal approximation

Suppose X is a binomial random variable with n = 20 and p = 0.2. Find the probability that X ≤ 10 using binomial tables and compare this to the corresponding value found from normal approximation.

  Finding probability that lot will be rejected or accepted

If a lot is known to contain 10% defective items, find out the probability that lot will be rejected? Accepted?

  Relationship between grades and sat scores

Is there meaningful relationship between grades and SAT scores? If student scores 450 on the SAT, what do youbelieve his or her GPA will be?

  Explore airquality dataset available in the datasets library

Explore the airquality dataset available in the datasets library in the ISwR package. a)Display the first 6 rows of the airquality dataset - Create a boxplot which shows the distribution of Ozone in each month.Use different colors for each month.

  Describe the distribution of accidents with a normal model

At fault. The car insurance company in Exercise believes that about 0.5% of drivers have an at-fault accident during a given year.

  Testing of hypothesis-macburger

The MacBurger restaurant chain claims that the waiting time of customers for service is normally distributed, with a mean of 3 minutes and a standard deviation of 1 minute.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd