User Account

All Pages

Probability that authorization to visit port will be granted

Assignment Help Basic Statistics
Reference no: EM131692079

Question: The probability that a shipping company will obtain authorization to include a certain port of call in its shipping route is dependent on whether certain legislation is passed. The company believes there is a 0.5 chance that both the relevant legislation will pass and it will get the required authorization to visit the port. The company further estimates that the probability that the legislation will pass is 0.75. If the company should find that the relevant legislation just passed, what is the probability that authorization to visit the port will be granted?

Reference no: EM131692079

Questions Cloud

Productivity can be measured in a variety of ways : Productivity can be measured in a variety of ways, such as by labor, capital, energy, and material usage.
What information would you want on your report : What information would you want on your report if you were a business owner? How could we structure this report to tie in with our thoughts on locust of control
What is the success probability of the new subsidiary : Management further believes that the probabilities of favorable, neutral, and unfavorable political situations are 0.6, 0.2, and 0.2, respectively.
Compare job order costing with process costing : Define job order costing. Compare and contrast job order costing with process costing. Trace the flow of costs through a job order costing system
Probability that authorization to visit port will be granted : The probability that a shipping company will obtain authorization to include a certain port of call in its shipping route is dependent on whether certain.
Industry demand curve for flying broomsticks : The flying broomstick industry exhibits constant long-run average cost at all levels of output, regardless of the market structure.
Determine the amount of net income : Steve and Heather decided to form a partnership on April 1. Determine the amount of net income that Steve and Heather would have received by filling
Perform a quantitative in sourcing/outsourcing analysis : Perform a quantitative in sourcing/outsourcing analysis using the data provided. What qualitative issues might affect your final decision?
What are some potential costs involved in owning the planes : In 2017, the New England Patriots purchased two Boeing 767 planes for approximately $10 million, What are some potential costs involved in owning the planes

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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