Determining mean and standard deviation ofdistribution

Reference no: EM1315283

Q1) It is very difficult for small businesses to be successful. Small Business Administration evaluates that 20 percent will dissolve or go bankrupt within 2 years. A sample of 50 new businesses is chosen.

a) Determine the mean and standard deviation of this distribution?

b) Find out the probability that more than 16 in the sample will go bankrupt?

c) Find out the probability that exactly 14 will go bankrupt?

d) Find out the probability that between 7 and 9 businesses will go bankrupt?

e) Find out the probability that between 7 and 15 businesses will go bankrupt?

Reference no: EM1315283

Questions Cloud

Claim using large sample test-single mean z test : Can you conclude that the information in the article is untrue? Use the 0.05 significance level. Determine the p-value and explain its meaning.

Find speed of the electron as it emerges from the field : A long string is wrapped around a 6.60 diameter cylinder, initially at rest, that is free to rotate on an axle. The string is then pulled with a constant acceleration of 1.70 until 1.30 of string has been unwound. If the string unwinds without slippi..

Computation of cost of capital for the funds needed : Computation of cost of capital for the funds needed to meet the expansion goal and This capital structure is believed to be optimal

Assume some pencil workers switch to jobs : Assume some pencil workers switch to jobs in the growing computer industry

Determining mean and standard deviation ofdistribution : Determine the mean and standard deviation of this distribution?

Assessing the probability values : Students are the University of New Harmony received 10, 000 course grades last semester. The table below breaks down these grades by which school of the university taught the course.

Find the acceleration of mass : A toy airplane is tied to the ceiling with a string. When the airplane's motor is started, it moves with a constant speed of 1.03m/s in a horizontal circle. If the angle the string makes with the vertical is 27°, and the tension of the string is 1N.

Water cooler the demand also cost estimate : Overhead at the water cooler the demand also cost estimate which were provided at the meeting are very useful.

Designing the calculator program : Develop a calculator program which will subtract, add, multiply, or divide two numbers input given by a user. If user selects division, do not permit the user to divide by 0

User Account

All Pages