Review problem related to an appliance store

Assignment Help Basic Statistics
Reference no: EM131813140

Question: An appliance store sells 20 refrigerators each week. Ten percent of all purchasers of a refrigerator buy an extended warranty. Let X denote the number of the next 20 purchasers who do so.

a. Verify that X satisfies the conditions for a binomial random variable, and find n and p.

b. Find the probability that X is zero.

c. Find the probability that X is two, three, or four.

d. Find the probability that X is at least five.

Reference no: EM131813140

Questions Cloud

The spot market as opposed to direct quotes : Discuss why Australia uses an indirect quote system in the spot market as opposed to direct quotes.
Statements about dividend policies is correct : Which of the following statements about dividend policies is correct?
Expected number of diseased individuals in the group : Investigators need to determine which of 600 adults have a medical condition that affects 2% of the adult population.
Company follows residual dividend policy : Terrell Corp. has a capital budget of $6,000,000. If the company follows a residual dividend policy, what total dividends, if any, will it pay out?
Review problem related to an appliance store : An appliance store sells 20 refrigerators each week. Ten percent of all purchasers of a refrigerator buy an extended warranty.
Find the average number of cracked or broken eggs : The probability that an egg in a retail package is cracked or broken is 0.025. Find the average number of cracked or broken eggs in one dozen cartons.
Probability that first person will be able to speak english : An English-speaking tourist visits a country in which 30% of the population speaks English. He needs to ask someone directions.
How much money was left on the table : Price per share at the end of the first day is $16.50. The current price is $20. How much money was left on the table?
Average and marginal tax rates on taxable income : Use the tax schedule in Table 2.3 to calculate Dakota’s income tax liability. What are Dakota’s average and marginal tax rates on taxable income?

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