Estimate the average number of winners each week

Assignment Help Basic Statistics
Reference no: EM131646809

Question: Free groceries. To attract shoppers, a supermarket runs a weekly contest that involves "scratch-off" cards. With each purchase, customers get a card with a black spot obscuring a message. When the spot is scratched away, most of the cards simply say, "Sorry-please try again." But during the week, 100 customers will get cards that make them eligible for a drawing for free groceries. Ten of the cards say they may be worth $200, 10 others say $100, 20 may be worth $50, and the rest could be worth $20. To register those cards, customers write their names on them and put them in a barrel at the front of the store. At the end of the week the store manager draws cards at random, awarding the lucky customers free groceries in the amount specified on their card. The drawings continue until the store has given away more than $500 of free groceries. Estimate the average number of winners each week.

Reference no: EM131646809

Questions Cloud

Estimate the number of points of specified situation : Suppose the opposing player has made 72% of his foul shots this season. Estimate the number of points he will score in a one-and-one situation.
Define what abnormalities could have caused him to faint : the is dx with Addisons. what 2 abnormalities could have caused him to faint
Assume you own an office building : The opportunity cost of using this building as office space for your own business is the aggregate value of all of the foregone alternative uses for the space.
How many potential donors do you expect of type o blood : Blood donors. A person with type O-positive blood can receive blood only from other type O donors. About 44% of the U.S. population has type O blood.
Estimate the average number of winners each week : At the end of the week the store manager draws cards at random, awarding the lucky customers free groceries in the amount specified on their card.
How people and work units gain power through social networks : Explain how people and work units gain power through social networks. Give an example that did or could apply in real life. (200 words)
Economic analysis reported that the motor vehicle : Some other pertinent information: there were 17.6 million cars and trucks bought in the US in 2016, and the Bureau of Economic Analysis
What happens if price is above its equilibrium level : Consider both cases and analyze what happens if price is above its equilibrium level. How does price adjust in each case?
What is the average dollar amount of music : Find the ace. A new electronics store holds a contest to attract shoppers. Once an hour someone in the store is chosen at random to play the Music Game.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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