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Phone calls arrive at an average rate of 30 per hour at the Information Technology Help Desk of a large organization during normal office hours. Use appropriate Excel functions to solve the following questions:
(A) Compute the probability of receiving four calls in a five-minute interval of time.(B) Compute the probability of receiving more than 10 calls in a five-minute interval of time.(C) If no calls are currently being processed (either on hold or in progress), what is the probability that the agent can take a 10-minute break without missing a call?(D) The help desk has a capacity for 5 calls on hold; any additional calls get a busy signal and so miss their spot in the queue. If there are already 2 calls on hold and the current call takes 7 minutes, what is the probability of at least one caller not getting into the queue while the current call is processed?(E) Suppose no calls are currently being processed (either on hold or in progress), what is the probability that the Helpdesk will receive the next call within the next 10 minutes?
Is the number of children that a college student currently has independent of the type of college or university being attended?
Find out the probability that the return for common stocks will be more than 0%.
Compute expected value for each of three actions and find out if manager must accept, further analyze, or reject the lot? Determine expected value of perfect information (EVPI)?
Speed of cars travelling on I-85 in Gaston County is normally distributed with average speed (µ) of 66 MPH and standard deviation (σ) of 8 MPH.
A marketing firm recently studied the number of times men and women who live alone that buy takeout dinners in a month. Two independent samples were taken one with 50 men and 55 women.
Out of forty students, 14 are taking English Composition and 29 are taking Chemistry. If five students are in both classes, how many students are in neither class? How many are ineither class?
Draw a scatter diagram of the following bivariate data.
Interpret coefficient on log (salesm). If salesm were to be increased by 20%, what would be estimated change in mktgp? Would this effect be substantive?
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?
In testing the equality of the two means below, what is the test statistic? (Use the unequal variances formula)
Recognize the kind of sampling (random, systematic, convenience, stratified, cluster) employed whenever a sample of people who smoke is obtained as explained below.
In a study of elephants a researcher wishes to determine the average weight of a certain subspecies of elephants. From previous studies, the standard deviation of the weights of elephants in this subspecies is known to be 1500 pounds.
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