Determine probability that someone will hold winning ticket

Assignment Help Basic Statistics
Reference no: EM13110145

The campus vets club is having the raffle and is selling 1,700 tickets. If people on your floor of dorm bought 425 of those tickets, determine the probability that someone on your floor will hold winning ticket? (Enter your answer as decimal.)

Reference no: EM13110145

Questions Cloud

Compute total material handling cost of the layout : Michael Plumb's job shop has four work areas, A, B, C, and D. Distances in feet between centers of the work areas are.
Information about practical business statistics : Your bakery produces loaves of bread with '1 pound' written on the label. Here are weights of randomly sampled loaves from today's production:
Discuss factors that affect employee motivation : Recruitment is of little use if an organization cannot retain key employees. Therefore, it is critical that organizations properly motivate and reward their employees.
List three conditions, that may be diagnosed by measuring : Alkaline phosphatase is used clinically to help with diagnosis of many diseases. List three conditions, that may be diagnosed by measuring the levels of this enzyme in serum.
Determine probability that someone will hold winning ticket : If people on your floor of dorm bought 425 of those tickets, determine the probability that someone on your floor will hold winning ticket?
How to produce a plant from a single cel : What type of tissue would you choose if you wanted to produce clones? That is, if you wanted to produce a plant from a single cell? explain.
Pros and cons of statistics with example : Bring to mind a research question that interests you, or a current event that utilizes statistics to present results, that you can use as an example for this discussion. State the research question or the current event and results.
Importance of null hypothesis and business value : What is the importance of the null hypothesis? Why has it been the backbone of mainstream hypothesis testing for decades? What are its limitations?
Determine coordinates of the central location : A small rural county has experienced unprecedented growth over the past 6 years, and as a result, the local school district built the new 500-student North Park Elementary School.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Chi-squared test-linear regression

What is the null hypothesis in a chi-squared test of independence? List the assumptions under which the linear regression model is supposed to work.

  Inverse probability-normal distribution

What should the cut-off score be for the interviews? (Round to nearest whole number).

  Types of decisions that do not involve uncertainty

Describe the types of decisions that do not involve uncertainty and risk and common approaches used for analyzying them.

  Compute the probability values using discrete distribution

What is the probability that a respondent said neither the Big Ten nor the Pac-10 would have a team in the Rose Bowl?

  Decision regarding the null hypothesis

What is your decision regarding the null hypothesis and interpret.

  Determine the mean-standard deviation

Determine the mean and the standard deviation of the following frequency distribution. (Round your answers to 2 decimal places.)

  Serum cholesterol levels in men

You might find the probabilities using the Table or software of your choice. Please explain how you obtained your results.

  Difference in number of circuit cards bought by month

At.05 level of significance can director conclude that there is difference in the number of circuit cards bought by month?

  Population mean for the particular samples

For a population with a mean of (u)=50 and a standard deviation of (o)=10, how much error on average would you expect between the sample mean (M) and the population mean for the following samples

  Linear regression model was fitted to a sample

This linear regression model was fitted to a sample of size 50 to produce the following regression equation: yhat = 145 + 1.2x1 + 300x2.

  Understanding the normal distribution

Critically discuss understanding the normal distribution and the factors that affect its shape important in solving business and marketing-related questions?

  Estimate the average with a margin of error

Last year the average deposit for all 10,000 clients was $25,000 with a standard deviation of $30,000. Do you think a small sample of 25 is enough to give them the margin of error they want? If not, how large a sample do you suggest they need to t..

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