Standard deviation of the time between returns

Assignment Help Macroeconomics
Reference no: EM131091522

1. A company has reviewed their sales figures and finds that an average of 3 of their bestselling televisions are returned each month because they are not working properly and according to the warranty must be replaced.

a. What is the probability that in a single month none of these televisions are returned?

b. What is the probability that in a single month 3 or 4 of these televisions are returned?

c. What is the probability that in two months only one of these televisions is returned?

d. What is the average number of returns per month?

e. What is the standard deviation of monthly returns?

f. What is the probability that the time between the next two returns will be 3 days or less?

g. What is the average time between returns in a month?

h. What is the standard deviation of the time between returns?

2. Women's heights are normally distributed with a mean of 162 cm and standard deviation of 16 cm.

a. What percentage of heights are greater than 180 cm?

b. What height is at the 90th percentile ?

c. What height is at the 40th percentile?

d. In a sample of 5, what is the probability that the average height is less than 180 cm?

Reference no: EM131091522

Questions Cloud

How many bits required to represent the greek alphabet : Describe Two Methods to determine if two distinct circuits are equivalent? The Greek alphabet has 25 symbols. How many bits would be required to represent the Greek alphabet
Is this vertical maximum higher : What will be his highest elevation? If his jump angle is increased to 30deg, will he stay in the air longer? Is his horizontal jump longer? Is this vertical maximum higher?
Decides to adopt either technology : Consider the following sequential game between firm 1 and firm 2. First, firm 1 decides to adopt either technology A or technology B. Firm 2 observes firm 1's decision and then also decides between technology A or technology B. If both adopt technolo..
Final literature review for the dissertation : In this stage of the Proposal, you will explore how your work fits existing published work, by reviewing literature on your research topic. While gathering sources for your review, keep in mind that your final literature review for the dissertatio..
Standard deviation of the time between returns : 1. A company has reviewed their sales figures and finds that an average of 3 of their bestselling televisions are returned each month because they are not working properly and according to the warranty must be replaced.
Based on a convincing economic analysis : Considering the weather data, typical heating loads, and the price of natural gas in your area, make a recommendation to your neighbor based on a convincing economic analysis.
What are the net proceeds from the sale of equipment : A company bought a piece of equipment for $250,000. The equipment has a useful life of 10 years. The company is using the seven-year MACRS property class to depreciate the asset for tax purposes. At the end of year 4, the company sold the equipment f..
Project report on consumer awareness : Project Report on Consumer Awareness among Households regarding different type of products like consumable, Durable and capital goods, they are using. Do not confuse consumer awareness with product awareness.
The abstract class and interface : What is the difference between the Abstract Class and Interface.Write a java Program that counts number of words in each line of the file.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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