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The finance director of a hardware wholesaler has asked the accountant to ring each customer five days before their account payment is due, as a means of reducing the number of late payments. As a result of time constraints, however, only 60% of customer's received such a call from the accountant. Of the customers called, 90% pay on time. The company has just received a payment on time from a customer. What is the probability that the accountant called this customer.
Time Value of Money- Deli Case The answer is already given, so step by step on arriving on that answer is required Christina hopes to open a Deli in 2015.The initial investment will be $85,000. She expects that that the Deli will generate the posi..
1. The J.O. Supplies Company buys calculators from a Korean supplier. The probability of a defective calculator is 20%. If 14 calculators are selected at random, what is the probability that less than 3 of the calculators will be defective?
Need help with 95% confidence interval. Have 5 that need to be figured out. The five with the Mean listed first and the standard deviation next are as follows: Mean: 20,330.5; SD: 53,510.2 Mean: 5.417; SD: 4.336 Mean: 2.000 SD: 3.684 Mean: 1.637 SD: ..
Explain briefly why Hite's sampling method is nearly certain to produce a strong bias. Are the sample results cited (91% and 70%) much higher or much lower than the truth for the population of all American women?
Are Gender and type of job independent?
What is the sample space and what is the probability of obtaining a total of 5 for the two cards?
"Range of optimality" describes the impact of simultaneous changes in objective function values and right-hand-side values.
Linear Relationship Examples: - Give (2) examples of where one variable can predict the results of another. - Which is independent and which is dependent?
Your colleagues conducted a cohort study to examine the association between alcohol consumption and heart disease. The risk ratio obtained was 9.2, when comparing those reporting high levels of alcohol consumption with those reporting abstinence or l..
Find a 95 percent confidence interval for m, the true mean sales amount per invoice on the 10,451 invoices. Find a point estimate of and a 95 percent confidence interval for t, the true total sales for the previous year.
State the number of friends (or connections) that you have on Facebook (or Linkedin). In case you have more than 365 friends on the social media, think of an alternative group of friends or contacts. What is the chance that there are at least 2 peopl..
The specifications of the clearance between the mating parts are 0.5 ± 0.4. What fraction of assemblies will fail to meet specifications if assembly is at random?
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