Sixty percent of the customers of a fast food chain

Assignment Help Managerial Accounting
Reference no: EM13735251

1-    Judging from recent experience, 5 percent of the computer keyboards produced by an automatic, high-speed machine are detective. What is the probability that out of six keyboards selected at random, exactly zero keyboards will be detective?

2-    Sixty percent of the customers of a fast food chain order the whopper, French fries and a drink. If a random sample of 15 register receipts is selected, what is the probability that 10 or more will show that the above three food items were ordered?

3-    On a very hot summer day, 5 percent of the production employees at midland states steel are absent from work. The production employees are randomly selected for a special in-depth study on absenteeism. What is the probability of randomly selecting 10 production employees on a hot summer day and finding that none of them are absent?

4-    An insurance agent has appointments with four prospective clients tomorrow. From past experience the agent knows that the probability of making a sale on any appointment is 1 out of 5. Using the rules of probability, what is the likelihood that the agent will sell a policy to 3 of the 4 prospective clients?

5-    A true-false test consists of six questions. If you guess the answer to each question, what is the probability of getting all six questions correct?

6-    A board of directors consists of 8 men and 4 women. A four-member search committee is to be chosen at random to recommend a new company president. What is the probability that all 4 members of the search committee will be women

7-    Sweetwater & Associates write weekend trip insurance at a very nominal charge. Records show that the probability that a motorist will have an accident during the weekend and file a claim is 0.0005. Suppose they wrote 400 policies for the coming weekend, what is the probability that exactly two claims will be filed?

8-    There are 10 rolls of film in box and 3 are defective. 2 rolls are to be

   Elected without replacement. What is the probability of selecting a Defective roll followed by another defective roll?

9       There are 50 photos in a book which has 250 pages. Find the probability that page 100 has no photo.

10  Suppose the average number of lions seen on a 1-day safari is 5. What is the probability that tourists will see fewer than four lions on the next 1-day safari?

11. The department of statistics has 12 staff members. 8 of them are under 60 years old. If we want to establish a committee of 4 members:

a-   What is the probability that all members of the committee are over 60 years old?

b-   What is the probability that the committee has only 2 members are over 60 years old?

c-  What is the probability that at least one member is not over 6o years old?

12-In a large metropolitan area, past records revealed that 30 percent of all the high school graduates go to college. From 20 graduates selected at random, what is the probability that exactly 8 will go to college?

Reference no: EM13735251

Questions Cloud

Calculate the uncertainty in the magnetic field strength : Calculate the uncertainty in the magnetic field strength. Does the fact that this wire is not infinite in extent make a significant impact on the results?
Draw a diagram of the system : Draw a diagram of the system including all relevant information. Include what you would expect to see at the slit and at the screen.
How much is this in which direction does this current flow : The current flowing in Ring 2 produces its own magnetic field, which in turn induces an emf in Ring 1, el. How much is this? In which direction does this current flow?
Considering deploying a wlan technology : Identify and briefly explain any four key requirements that need to be examined when considering deploying a WLAN technology.
Sixty percent of the customers of a fast food chain : Sixty percent of the customers of a fast food chain order the whopper, French fries and a drink. If a random sample of 15 register receipts is selected, what is the probability that 10 or more will show that the above three food items were ordered?
There are 10 rolls of film in box and 3 are defective : There are 10 rolls of film in box and 3 are defective. 2 rolls are to be selected without replacement. What is the probability of selecting a defective roll followed by another defective roll?
What are the hebrew holy writings called : What are the Hebrew holy writings called? What is the Islamic holy book called? What is the Christian holy book called? What is the Babylonian Captivity? Who was Pontius Pilate?
Grand strategy for organization : Identify the best value discipline, generic strategy, and grand strategy for your organization.
Negative health effects associated with thinness : Why do the negative health effects associated with thinness and attempts to be thin receive relatively little attention when compared with the focus that has been put on obesity? Why should employers be concerned about the negative health effects ..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the range of transfer price the manager

From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division? (Omit the "tiny_mce_markerquot; sign in your response.)

  Consider an american automaker like gm with production

consider an american automaker like gm with production facilities in 50 countries and sales in almost 200 countries to

  What would be the impact of doubling operating earnings

Which of the following management tools are used in the manufacturing cycle of the value chain?

  What is medical associates cost of equity

What is Medical Associates cost of equity estimate according to the DCF method and what is the cost of equity estimate according to the CAPM?

  Description of relevant costs

Kristen is unsure about whether she should use her own car or rent a car to go on an extended cross-country trip for two weeks during spring break. What costs above are relevant in this decision? Explain.

  Fastenals cost from lost sales of current customers

What is the minimum price Fastenalt should accept from Hank's for the special order and discuss the strategic implications of accepting Hank's offer.

  Journalize the additional cash investment by each partner

Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership and journalize the additional cash investment by each partner.

  Relevant costs and benefits

Vernazza Pizza's owner bought his current pizza oven four years ago for $10,000 and it has one more year of life remaining. He is using straight-line depreciation for the oven.

  Determine budget contingency

What is a budget contingency and what are 3 reasons to have such a "safety net" in place? Have you been involved in projects where it was necessary to employ contingency funds?

  What volume level would rohr be indifferent between making a

The president asks you to compare the alternatives on a total-annual-cost basis and on a per-unit basis for annual needs of 60,000 units. Which alternative seems more attractive?

  Evaluate annual rate of return

Total yards used for production were 3,960. How much is the total materials variance and evaluate annual rate of return expected on this machine

  Determining cost accumulation

Describe the specific characteristics of each system and provide several examples (i.e. at least two) from companies in your community for each system (i.e. at least four companies should be described).

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