Selected consumers recognize the brand name

Assignment Help Finance Basics
Reference no: EM131238568

A brand name has a 40% recognition rate. Assume the owner of the brand wants to verify that rate by beginning with a small sample of 6randomly selected consumers. Complete parts (a) through c

What is the probability that exactly 55 of the selected consumers recognize the brand name? The probability that exactly 5 of the 6 consumers recognize the brand name is. (Round to three decimal places as needed.)

b. What is the probability that all of the selected consumers recognize the brand name? The probability that all of the selected consumers recognize the brand name is .(Round to three decimal places as needed.)

c. What is the probability that at least 55 of the selected consumers recognize the brand name?

Reference no: EM131238568

Questions Cloud

Probability that the sample mean will be within : a. What is the probability that the sample mean will be within +/- 8 of the population mean (to 4 decimals)? b. What is the probability that the sample mean will be within +/- 13 of the population mean (to 4 decimals)?
Formulate the lpp and solve it using the graphical method : The company makes a profit of $5 on X and $7 on Y. Assume that whatever is produced gets sold in the market. Formulate the LPP and solve it using the graphical method.
Sample mean of students scores : A random sample of 5 students was selected to take the GRE. Their scores are: 160, 175, 163, 149, 153. What is the z-score corresponding to the sample mean of these students' scores?
Compare the accuracy of the derivative computation : Compare the accuracy of the derivative computation using the central difference formula and the complex variable formula against the analytical value of the derivative of the test function
Selected consumers recognize the brand name : What is the probability that all of the selected consumers recognize the brand name? The probability that all of the selected consumers recognize the brand name is .(Round to three decimal places as needed.)
What changes would you introduce in policing strategies : What process would you use to develop a new mission statement? Who would you include in the process? Is it wise to order officers to accept a mission statement? What changes would you introduce in policing strategies?
Generate the estimated ols line : a) Generate the estimated OLS line. b.) Interpret the estimated slope coefficient from your line in part a.
Is procedural or moral justice more applicable for this aim : Is procedural or moral justice more applicable for this aim? For which types of crimes and offenders is it most useful? Make sure to include any demographic information that may defend one or the other.
What is the probability that a wedding costs : a. What is the probability that a wedding costs less than $20,000 (to 4 decimals)? b. What is the probability that a wedding costs between $20,000 and $30,000 (to 4 decimals)?

Reviews

Write a Review

Finance Basics Questions & Answers

  Muncie manufacturing is considering increasing its

muncie manufacturing is considering increasing its collection period by 25 days in hopes of attracting additional

  Question regarding the regular subscription

Your cost of capital is 7 percent. How many years would you have to live to make the lifetime subscription the better buy? Payments for the regular subscription are made at the beginning of each year. (Round up if necessary to obtain a whole numbe..

  Janicek corp is experiencing rapid growth dividends are

janicek corp. is experiencing rapid growth. dividends are expected to grow at 35 percent per year during the next 3

  Describe the financial environment at genesis

Describe the financial environment at Genesis

  Compare the gaap and economic balance sheets use the same

compare the gaap and economic balance sheets.use the same company you studied in unit 1 to accomplish these tasksusing

  Evaluation of ratios for given financial data''s

Evaluation of ratios for given financial data's and Inventory Turnover and Days' Sales in Inventory

  Figurate industries has 750000 shares of cumulative

figurate industries has 750000 shares of cumulative preferred stock outstanding. it has passed the last three quarterly

  What is sensitivity analysis and what is its purpose

Explain how simulation works what is the value in using a simultion approach. N. What is sensitivity analysis and what is its purpose?

  Problem regarding the risk and return

Calculate the following using the data from Yahoo Finance (https://au.finance.yahoo.com/) for the company you selected for Question 1 of Assignment 1. The company that I selected is FLIGHT CENTRE LIMITED - AUSTRALIA

  Objective type questions on cost of capital and wacc

Objective type questions on cost of capital and WACC and he company currently has no debt in its capital structure

  Compare the risks of these portfolios to the market

Calculate the betas for portfolios A and B. Compare the risks of these portfolios to the market as well as to each other. Which portfolio is morerisky?

  What would the value of the fulton bonds

What would the value of the Fulton bonds at an 8% required interest rate of return if the interest were paid and compounded semiannually?

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