statistics, Basic Statistics

Assignment Help:
1. A search engine site claims that, on average, one out of five visitors clicks on an ad.
(a) If 8 users visit the site, what is the probability that at least three click on an ad?
(b) If 8 users visit the site, what is the probability that less than two of them click on an ad?
(c) If 800 users visit the site, would the probability that less than 200 click on an ad be higher or lower than the answer found in part (b)? Write a few sentences explaining your answer- computations are not required (or desired)
(d) Suppose 90 users visit the site during a particular minute, use the normal approximation to estimate the probability that more than 25 of them click on an ad.
(e) If 900 users visited the site, would the probability that more than 250 of them click on an ad be higher or lower than the answer found in part (d)? Write a few sentences explaining your answer- computations are not required (or desired)

2. Suppose that, overall, 5% of all tax returns are audited by the IRS.
(a) If an accountant has 7 clients for whom she prepared tax returns, what is the probability that less than 3 will be audited?
(b) If the accountant has 30 clients, what is the probability that at least one is audited?
(c) Suppose the accountant prepares 500 returns, use the normal approximation to estimate the probability that more than 20 of the returns are audited.

Related Discussions:- statistics

Qualitative features of financial, Conceptual Structure has also resolved s...

Conceptual Structure has also resolved several issues which were uncertain by sales expectations for some time. Activities and dealings that can't be worked by designed financial s

X2 test uses, The  χ 2  test is one of the most popular statistical infe...

The  χ 2  test is one of the most popular statistical inference procedures today. It is applicable to a very large number of problems in practice which can be summed up under th

Determine the level of consumption, Suppose an individual has a lifetime ea...

Suppose an individual has a lifetime earnings profile and expects to live for 4 Periods:             Earnings in Period 1:   $30             Earnings in Period 2:   $60

What is use of Advantageous , What is use of Advantageous Immediate non-fi...

What is use of Advantageous Immediate non-financial, work-related advantages accruing to the condition.

Discrete Standard Deviation, Discrete Standard Deviation For calculating s...

Discrete Standard Deviation For calculating standard deviation in discrete series any of the following methods may be applied (1) Actual mean method. (2) Assumed mean method. (

PROBABILITY & STATISTICS I, Design an investigation that details the follow...

Design an investigation that details the following six components: Note: If one or more of the following components do not apply to your investigation, explain why each does n

Accrue definition in accounts, To history income and expenditures/expenses ...

To history income and expenditures/expenses when they connect with the identification requirements of the finance form engaged regardless of when the money action happens.

Write Your Message!

Captcha
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