User Account

All Pages

Expected value of the number of units

Assignment Help Basic Statistics
Reference no: EM131444457

There is a 85% chance that when a shopper sees product X in the store, the shopper will like it. If a shopper like it he or she will buy one. If the shopper does not like it, he or she will buy zero. Mrs. Smith has just seen product X. Express your answers to four decimal points. Express your answers as decmials and not as percents.

a) What is the expected value of the number of units of product X that mrs. Smith will buy?

b) What is the variance of the number of units of product X that mrs. Smith will buy?

Reference no: EM131444457

Questions Cloud

Identify five strategies in english language development : Identify at least five strategies. A narrative describing each strategy. Assign each strategy a domain and justify why it is most effective in that domain.
Find a recent article that details a pr issue : Find a recent article that details a PR issue related to a specific company and its product. The article should not be more than two years old. Summarize the issue in one to two paragraphs. What is your personal opinion about the issue? How did th..
Compute the value of flower valley company bonds : Flower Valley Company bonds have a 9.07 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 26 years from now. Compute the value of Flower Valley Company bonds if investors’ required rate of return..
What is the value of the missing cash flow : The present value of the following cash flow stream is $8,600 when discounted at 9.4 percent annually. What is the value of the missing cash flow?
Expected value of the number of units : a) What is the expected value of the number of units of product X that mrs. Smith will buy? b) What is the variance of the number of units of product X that mrs. Smith will buy?
Firm has just announced that because of new joint venture : Consider a firm that had been priced using a 9.5 percent growth rate and an 11.5 percent required return. The firm recently paid a $1.75 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 10.0 percent ..
Personal jurisdiction over bigboom fireworks : An individual, Sam Rice, was injured while setting off fireworks manufactured by the BIGBOOM Fireworks Company. Rice was a resident of the state of Wyoming. He was injured after lighting the fireworks in Wyoming. What state law would Rice have invoke..
Vehicles at the time of transmission failure : To learn more about the transmission failures. Metroolitan used a sample of actual transmission repairs provided by a transmission firm in the Detrooit area. The following data show the actual number of miles driven for 50 vehicles at the time of ..
Create a brochure or flier of three community resources : Create a brochure or flier of at least three community resources that aid in English acquisition and/or serve immigrant families for your community or a chosen community.

Reviews

Write a Review

Basic Statistics Questions & Answers

  In a recent survey of computer ownership 734 of the

in a recent survey of computer ownership 73.4 of the respondents indicated they own pc computers while 21.8 indicated

  Explain is student senate correct with alpha value

Conducts a study of 50 randomly selected seniors and finds the average debt is $2995, and the population standard deviation is $1100. With alpha = 0.05, is the student senate correct?

  Survey methods for marketing

What method is best suited for such a survey? Draw the sample using the random number table and bring out the rationale of the procedure.

  Calculating the trimmed mean for each sample

How to calculate the trimmed mean for each sample by deleting the smallest and largest observation and then corresponding trimming percent ages.

  Which of the following is not a decision variable when

which of the following is not a decision variable when formulating the project crashing problem as a linear program?the

  Create a hypothetical table of 100 students

Suppose that a magnet high school includes grades 11 and 12, with half of the students in each grade.- Create a hypothetical table of 100 students for this situation. Use grade (junior, senior) as the row variable.

  Determine the multiple regression equation

Determine the multiple regression equation and interpret the partial regression coefficients. Dave has a 3.6 grade point average and 3 university activities listed on his résumé. What would be his estimated starting salary

  A major brokerage company has an office in miami florida

a major brokerage company has an office in miami florida. the manager of the office is evaluated based on the number of

  Rankings of college undergraduate academic programs

Based on the scale of measurement for each variable listed below, which measure of central tendency is most appropriate for describing the data? a. The time (in years) it takes a sample of students to graduate college.

  Question a sample of 2000 licensed drivers revealed the

question a sample of 2000 licensed drivers revealed the following number of speeding violations.number of

  Optimistic about the success of one project

Now suppose he says that if he is optimistic about the success of one project, he is likely to be optimistic about the others as well. For your simulation, this means that if one of the probabilities increases, the others also are likely to increa..

  Domain of quadratic functions

What is the domain of a quadratic function? Can you give an example please.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd