What assumption needs to be made

Assignment Help Business Economics
Reference no: EM132120649

Thirty-five percent of teens buy soda (pop) at least once each week. Eleven kids are randomly selected. The random variable represents the number of these kids who purchase soda (pop) at least once each week. For this to be a binomial experiment, what assumption needs to be made?

Reference no: EM132120649

Questions Cloud

What types of changes should be made : What types of changes should be made, and what are some actions you will take to make the changes?
Calculate the after tax cash flows for the project : Calculate the after tax cash flows for the project for each year. Explain the methods used in your calculations. If the discount rate were 6 percent calculate.
What is the null and alternate hypothesis : The researcher is interested in finding evidence at the .05 level that the standard deviation in ACT scores is different than the reported value for all public
Write memo to west outlining the problem : Research the affect that a global water shortage would have on business today and write a memo to West outlining the problem,
What assumption needs to be made : For this to be a binomial experiment, what assumption needs to be made?
Standard deviation of the number of video game : The standard deviation of the number of video game A's outcomes is 0.5479, while the standard deviation of the number of video game B's outcomes is 0.2498.
Should shawn remain in the juvenile court system : Should Shawn remain in the juvenile court system or should he be transferred to adult court? Why?
Review the accrual accounting problem : The following information is taken from the accrual accounting records of Kroger Sales Company: During January, Kroger paid $9,150 for supplies to be used.
Record the transaction as increase in revenue : Record the transaction as increase in revenue or decrease in expense? alternatively, should the transaction be recorded as a gain

Reviews

Write a Review

Business Economics Questions & Answers

  Draw a graph of the market for chewing gum

Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.

  Effective and economically efficient trading mechanism

Compare and contrast free and fair trade. After reading the case study “Fair Trade Coffee:  What are the similarities and differences in free versus fair trade arrangements? How are these reflected in the actual prices of coffee? Are fair trade princ..

  Domestic demand function for peanuts

Suppose that we know that the domestic demand function for peanuts (holding domestic income and other demand shifting variables constant) is: If there is no international trade, what is the equilibrium price and quantity? Suppose that the world price..

  Evaluating the effect of a policy change

Compare and contrast static scoring of the budget with dynamic scoring when it comes to evaluating the effect of a policy change.

  Interpret the meaning of the regression coefficient

A friend tells you that you should never be a patient in a teaching hospital because the death rate among patients in teaching hospitals is higher than in other hospitals. Interpret the meaning of the regression coefficient on the explanatory variabl..

  Increase the supply of money at an increasing rate

Suppose the Federal Reserve begins to increase the supply of money at an increasing rate. What impact would that have on GDP, unemployment, and inflation? Would a shift of AD to the right tend to make the equilibrium quantity and price level higher o..

  Foreign exchange rates

In the 1990's what were the levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the GDP, foreign exchange rates, and so on?

  Effective quarterly interest rate for each of investments

RTC Financial Inc., in Essex County is considering the following two investments: the first investment pays 1% interest per month, compounded monthly, while the second pays 3% interest per 3 months, compounded quarterly. What is the effective quarter..

  Whether the project has positive net present value

A friend of yours needs to decide whether or not to invest in a multiyear project. If your friend decides not to invest the project, he or she has nothing to lose or gain. If your friend decides to invest the project, the initial cost is $14,000. The..

  Find the change in equilibrium income

Suppose the Congress decides to reduce transfer payments but to increase government purchases of goods and services by an equal amount. That is it undertakes a change in fiscal policy such that ΔG = - ΔTR. Find the change in equilibrium income. What ..

  Define the market power for microsoft in software industry

Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry? Explain your answer.

  Probability of finding only one case of unmixed drugs

a. What is the probability of finding only one case of unmixed drugs? b. What is the probability of finding five cases of unmixed drugs?

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