Probability that customers having internet access

Assignment Help Basic Statistics
Reference no: EM13141784

Suppose that 98% of the customers in your market have Internet access, and you select a random sample of 500 customers. What is the probability that the same has: (a) greater than 99% of the customers with Internet access, (b) between 97% and 99% of the customers with Internet access, and (c) fewer than 97% of the customers with Internet access?

Reference no: EM13141784

Questions Cloud

Explain construct a table showing the current for values : Construct a table showing the current for values of time between 0 and 9 hours at intervals of 1 hour.Hence draw a graph of i against t for 0 is smaller or equal to t is smaller or equal 9.(cannot type in proper inequality symbols)
How will total dividend be divided between common stock : The company declares a total dividend of $ 200,000. If the dividends on preferred stock are one year in arrears ( in addition to the current year), how will total dividend be divided between the common and preferred stock?
Moral authority for respective traditions : The scriptures of Judaism, Christianity and Islam all claim to be revelations from a monotheistic God. Citing specific examples from the scriptures of each tradition,
Compare and contrast the works of wagner and verdi : Compare and contrast the works of Wagner and Verdi, using Wagner's Tristan and Isolde and Verdi's La Traviata as examples to support your argument.
Probability that customers having internet access : Customers with Internet access, (b) between 97% and 99% of the customers with Internet access, and (c) fewer than 97% of the customers with Internet access?
Would such an expansion be in best interest of our stock : In the current economic climate, is it appropriate for us to be considering this expansion? In other words, would such an expansion be in the best interest of our stockholders? Why or why not?
Compute the probability that the system will fail : Calculate the probability that the system will fail in 3,000 hours. Supposing no failure of any component occurs in 5,000 hours of operation. What would be your revised estimate of failure rates of the components in your system?
Calculate amount of dividends in arrears on zeta preferred : Calculate amount of dividends in arrears on Zeta’s preferred stock and briefly explain how this amount will be known to investors and creditors who may use the company’s fin ancial statements.
Calculate interest revenue and weighted-average accumulated : Calculate interest revenue, weighted-average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during 2010.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Hypothesis testing-heating and oil company

The director of Heating and Oil at Superior Oil Company is concerned about the high cost of home heating oil being offered to their customers for the upcoming Fall season in Philadelphia, PA.

  Valuation and financial intermediation

What role does a financial department play in valuing business opportunities and what are some of the key financial concepts that valuation work must consider?

  Differences between discrete and continuous data

What are some differences between discrete and continuous data? Is the measurement of money continuous or discrete? Explain. Can discrete data be analyzed using a normal distribution? Why or why not?

  Randomized block anova test using excel

Using any present or past job related data, perform an ANOVA in either Excel or MegaStat. Write your null and alternate hypothesis. Post your ANOVA table. Interpret the results.

  Simplex method for maximum profits

The Roller Products Company produces roller skates and skateboards. It has three production lines. Production line 1 makes skateboard platforms.

  Determining critical value of chi-square test

What is the critical value of the Chi-square? Compute the value of Chi-square. What is your decision regarding H0?

  Determine the value of defective item

A lot of n items comprises k defectives, and m are chosen randomly and inspected. How must the value of m be selected so that probability that at least one defective item turns up is .90?

  Confidence interval for mean of breaking strength

Consider the trash bag problem. Suppose that an independent laboratory has tested trash bags and has found that no 30-gallon bags that are currently on the market have a mean breaking strength of 50 pounds or more.

  Selecting a crew member at random

If we select a crew member at random, what is the probability the crew member earns:

  Critical approach for defective units

Some people who bought X-game gaming systems complained about having received defective systems. The industry standard for such systems has been 98% non-defective systems.

  Testing condition in probability

Is there a significant difference the four testing conditions?

  Explaination graph system of inequalities

A small home-based company produces both hand-painted scarves and sweaters. The scarves take 2 hours of labor to produce, and the sweaters take 14 hours.

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