The piron software company currently develops marketing

Assignment Help Basic Statistics
Reference no: EM13641973

The PIRON Software Company currently develops marketing software for primarily service-based organizations. From a sample of 100, the organization identified that the potential revenue from the Phoenix area market is $50,000 per order. The organization's average (mean) for orders is $56,000 with a standard deviation of $5,000. Assuming that the data is normally distributed, what is the probability of a Phoenix market for orders? Based on the scenario above, assuming that the data is normally distributed, what is the probability of a Phoenix market for orders? Show your work.

Reference no: EM13641973

Questions Cloud

Using the data below identify the confidence interval for : using the data below identify the confidence interval for the mean based on a 95 confidence level. assume that the
A subway train starts from rest at a station and : a subway train starts from rest at a station and accelerates at a rate of 1.64 for 13.1 . it runs at constant speed for
Explain the formation of line spectrum in the balmer series : explain the formation of line spectrum in the balmer series of hydrogen atom. if the emitted photon has a wavelength of
While doing a homework assignment you fit a linear model to : while doing a homework assignment you fit a linear model to your data set. you are thinking about changing the linear
The piron software company currently develops marketing : the piron software company currently develops marketing software for primarily service-based organizations. from a
Question- two identical objects each of rest mass m0 moving : question- two identical objects each of rest mass m0 moving with equal but opposite velocities of 0.50c in the
Methyl orange is an acid-base indicator in dilute solution : methyl orange is an acid-base indicator. in dilute solution at ph greater than 4.4 it is yellow. at ph 3.2 the
Assuming 100 efficiency a to what height can the motor lift : a 0.22-muf capacitor is charged by a 1.5-v battery. after being charged the capacitor is connected to a small electric
Diazonium salts couple with phenols in slightly alkaline : diazonium salts couple with phenols in slightly alkaline solution. what effect does the ph of the solution have on the

Reviews

Write a Review

Basic Statistics Questions & Answers

  A couple is getting married on june 20th at an outdoor

a couple is getting married on june 20th at an outdoor ceremony. in recent years it has rained only 5 days in june.

  Assuming that the population of interest is large for which

please give detailed explanationassuming that the population of interest is large for which of the following cases are

  Calculate the total amount in the two funds at the end of 2

you are given1 fund x accumulates at an interest rate of 8 compounded quarterly2 fund y accumulates at an interest rate

  Poisson distribution-probability

Find the probability that in a given year,a) Exactly one major hurricane will strike the U.S. mainland

  What would be the distribution of scores in situation

Of the remaining students, most scored in the 705-79% range. However, a few students scored below 60%. What would be the distribution of scores in this situation?

  Carrying goodness of fit chi-square test

When we carry out a goodness of fit chi-square test, the expected frequencies are based on the alternative hypothesis

  Does treatment effect depend on past average sales

If there are no large cost disadvantages, the data suggest that we should proceed. B) Technical issue: Does the treatment effect depend on the past average sales?

  Develop a regression model to identify the fixed overhead

the managing director of a consulting group has the following monthly data on total overhead costs and professional

  Write out explicitly using bernoullis techniques the

write out explicitly using bernoullis techniques the formulas for the sums of the first n fourth fifth and tenth

  Binomial distribution-probability of observing event

Jared bets on the number 7 for each of 100 spins of a roulette wheel. Because P(7) = 1/38 he expects to win two or three times. What is the probability that Jared will actually win two or more times?

  The length of time in minutes that you have to wait in line

the length of time in minutes that you have to wait in line at your bank is a random variable with a continuous uniform

  Probability firm selected has more in income after taxes

A study of 200 computer service firms revealed these incomes after taxes: What is the probability that a particular firm selected has $1 million or more in income after taxes?

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