What is the probability that the store will have to refund

Assignment Help Basic Statistics
Reference no: EM13589930

To boost holiday sales, a jewelry store in Bismarck, North Dakota, is advertising the following promotion: "If more than eight inches of cumulative snow fall on December 24, 25, 26, 27, and 28, you get your money back on all purchase made on December 17." To analyze this promotion, the store manager has collected data and determined that snowfall over this 5-day period in December is normally distributed with an average of 6.4 inches and standard deviation of 0.566 inches.

What is the probability that the store will have to refund the money to its December 17 customers?

If required, round your answer to four decimal places.

Reference no: EM13589930

Questions Cloud

Ace company reports sales of 80000 variable costs of 20000 : a ace company reports sales of 80000 variable costs of 20000 and net income of 30000. what is the breakeven level in
Jo companys single product sells for 50 per unit jo sold : jo companys single product sells for 50 per unit. jo sold 8000 units in 2009 her first year of operation and 8000 units
Tesla offers customers who purchase model s through its : tesla offers customers who purchase model s through its financing program a guaranteed buy-back. that is between 36 and
Jerry works in the human resources department at ajax : jerry works in the human resources department at ajax corporation. one of his responsibilities is to interview
What is the probability that the store will have to refund : to boost holiday sales a jewelry store in bismarck north dakota is advertising the following promotion if more than
For the last eight months of 2009 jo company incurred the : for the last eight months of 2009 jo company incurred the following activity levels and shipping department
What are some of the issues accountants face when : what are some of the issues accountants face when switching to a lean manufacturing system?are there any downsides to
Nick has a goal to pay his credit card balance in full by : question nick has a goal to pay his credit card balance in full by june 30. when he first wrote the goal in december
Acme manufacturing company produces product a and product b : acme manufacturing company produces product a and product b. during 2014 4000 units of product a were produced and 4000

Reviews

Write a Review

Basic Statistics Questions & Answers

  Question regarding two-sample tests of hypothesis

An official of the Iowa Department of Highways wants to compare the useful life, in months, of two brands of paint used for striping roads. The mean number of months Cooper Paint lasted was 36.2 with a standard deviation of 1.114 months.

  Determining probability of tournament

It is estimated that 3% of the athletes competing in a large tournament are users of an illegal drug to enhance performance. The test for this drug is 90% accurate.

  Find probability of random sample batteries in mean talk

Standard deviation of 24 min. What is the probability that a random sample of n=15 batteries results in a mean talk time of at least 330 minutes?

  Find probabilities that the senior owes a given value

The average credit card debt for college seniors is $3,262. If the debt is normally distributed with a standard deviation of $400, find probabilities. that the senior owes at least $1,000

  Because the sample size is 64 do you need to be concerned

you are the manager of a restaurant for a fast-food franchise. last month the mean waiting time at the drive-through

  Aircraft are used to sow seed and to spread fertilizer

Aircraft are used to sow seed and to spread fertilizer.

  The file tax contains the quarterly sales tax receipts

The file tax contains the quarterly sales tax receipts (in thousands of dollars) submitted to the comptroller of the village fair lake for the period of ending March 2011 by all 50 Business establishments in that locale

  Information about statistics-hypothesis testing

The average monthly cot for a studio apartment in NYC is reported to be $1,000. You want to prove that average monthly rent is not what is stated.

  Probability of an event

What is meant by the probability of an event? Discuss how addition and multiplication techniques are used to solve probability problems.

  Sample size and acceptance level in design of sampling plans

What sample size and acceptable level would result in a probability of .05 that a good batch will be rejected and a probability of .10 that a bad batch will be accepted?

  Find evidence to show mean oil change time is different

Standard deviation of 8.3 minutes. Assuming normality, at the a = .05 level, is there enough evidence to show the mean oil change time is different?

  Considering hypothesis test

A sample of 50 provided a sample mean of 14.15. The population standard deviation is 3.

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