Compute the mean number of accidents per day

Assignment Help Management Theories
Reference no: EM13915128

1. The follow table contains the probability distribution for the number of traffic accidents daily in a small city.

Number of Accidents Daily (X)

P(X = x1)

0

0.10

1

0.20

2

0.45

3

0.15

4

0.05

5

0.05


a. Compute the mean number of accidents per day.

b. Compute the standard deviation.

2. If n = 5 and 77- = 0.40, what is the probability that

a. X = 4?
b. X 3?

c. X < 2?

d. X > 1?

3. When a customer places an order with Rudy's On-Line Office Supplies, a computerized accounting informa-tion system (AIS) automatically checks to see if the customer has exceeded his or her credit limit. Past records indicate that the probability of customers exceeding their credit limit is 0.05. Suppose that, on a given day, 20 cus-tomers place orders. Assume that the number of customers that the AIS detects as having exceeded their credit limit is distributed as a binomial random variable.

a. What are the mean and standard deviation of the number of customers exceeding their credit limits?

b. What is the probability that zero customers will exceed their limits?

c. What is the probability that one customer will exceed his or her limit?

d. What is the probability that two or more customers will exceed their limits?

4. Assume that the number of network errors experi-enced in a day on a local area network (LAN) is distributed as a Poisson random variable. The mean number of network errors experienced in a day is 2.4. What is the probability that in any given day

a. zero network errors will occur?

b. exactly one network error will occur?

c. two or more network errors will occur?

d. fewer than three network errors will occur?

5. The quality control manager of Marilyn's Cookies is inspecting a batch of chocolate-chip cookies that has just been baked. If the production process is in control, the mean number of chip parts per cookie is 6.0. What is the probability that in any particular cookie being inspected

a. fewer than five chip parts will be found?

b. exactly five chip parts will be found?

c. five or more chip parts will be found?

d. either four or five chip parts will be found?

Reference no: EM13915128

Questions Cloud

Question regarding the outsourcing journey : Prepare a case study analysis of Case 12: LEGO Group: An Outsourcing Journey found in the Cases section of your digital book.
Compute the corrected operating income : Compute the corrected operating income for 2013 and 2014. What effect will the error have on operating income and stockholders' equity for 2015?
Riordan manufacturing service request process evaluation : Like any modern business, Riordan Manufacturing acknowledges the necessity of innovation. While the competition has computerized procedures, Riordan persists in manually processing invoices and records. The potential for this manufacturing giant d..
Share on the grant date : The stock trades at $5 per share on the grant date (January 1, year 1) and is expected to be worth $10 per share on the vesting date at the end of year.
Compute the mean number of accidents per day : The quality control manager of Marilyn's Cookies is inspecting a batch of chocolate-chip cookies that has just been baked. If the production process is in control, the mean number of chip parts per cookie is 6.0. What is the probability that in an..
E-learning for training and potential barriers : In Chapter Five of the textbook, e-learning as a method of training is discussed. In Chapter Six, potential barriers of e-learning readiness to implementing e-learning as a training method are examined. In a two- to three- page paper (excluding th..
Complete the following table by indicating a debit or credit : Complete the following table by indicating whether a debit or credit is used to increase or decrease the balance of accounts belonging to each category of financial statement elements.
Chronology of the development of the internet : When looking at the chronology of the development of the Internet, which development do you believe to be the most important? Why?
Level writing analysis and development plan : Review the required readings for this week, along with the feedback you received on your Week One, Week Two, and Week Four  individual Assignments.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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