What is the expected number of weeks with no orders

Assignment Help Basic Statistics
Reference no: EM131692436

Question: Consider the situation in the previous problem, and assume that the distribution holds for all weeks throughout the year and that weekly orders are independent from week to week. Let Y denote the number of weeks in the year in which no orders are received (assume a year of 52 weeks).

a. What kind of random variable is Y? Explain.

b. What is the expected number of weeks with no orders?

Reference no: EM131692436

Questions Cloud

Compare any two insurance plans : Compare any two insurance plans and choose the one that would offer the most to the patient
What is the break-even point in sales dollars : CVP margin of safety Farmer Ned wants to cash in on the increased demand for ethanol. What is the break-even point in sales dollars
Cyclical unemployment and unanticipated inflation : If the rise in money supply to M=700 is anticipated, what are the equilibrium values of the expected price level (Pe ), the price level and real output?
Current situation and marketing strategies for sears : The situation analysis should include in-depth discussion of the Customer, Company, Context, Collaborators, and Competitors (5Cs) as reviewed in the text.
What is the expected number of weeks with no orders : Consider the situation in the previous problem, and assume that the distribution holds for all weeks throughout the year and that weekly orders are independent.
What was the objective of the budget : Based on the effectiveness of the budget, what recommendations would you suggest to improve the communication and/or utilization of the budget(s)?
Find real growth rates for the countries : For any 10 year period since 1999, find real growth rates for the countries listed below. Give the exact data and source for each number.
Prepare the required entries : On June 1, 2017, ABC Corp. sold and shipped merchandise with a list price of $70,000 to a customer, prepare the required entries
Write an imaginary case study for your hypothetical patient : Explain how the patient moved through the healthcare delivery system,

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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