Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1. Consulting team. You work for a large global management consulting company. Of the entire work force of ana- lysts, 55% have had no experience in the telecommunicationsindustry, 32% have had limited experience (less than 5 years), and the rest have had extensive experience (5 years or more). On a recent project, you and two other analysts were chosen at random to constitute a team. It turns out that part of the project involves telecommunications. What is the probability that the first teammate you meet has:

a) Extensive telecommunications experience?

b) Some telecommunications experience?

c) No more than limited telecommunications experience?

2. Auto warranty, part 2. Consider again the auto repair rates described in Exercise 23. If you bought two new cars, what is the probability that:

a) Neither will need repair?

b) Both will need repair?

c) At least one car will need repair?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91724664

Have any Question?


Related Questions in Statistics and Probability

A representative from your company visited a prison and

A representative from your company visited a prison and sampled 500 prisoners in Kailil, concluding that 90 of them are political prisoners. The Test hypothesis, at the 5% significance level, that one third of the prison ...

Research research and sample 5000 household concerning tv

Research research and Sample 5000 household concerning TV shows they watch. Based on the sample 18% reported watching 60 Minutes. What is the 95% confidence interval for the proportion of all Americans that watch 60 minu ...

The number of facets in the eye of the fruit fly drosophila

The number of facets in the eye of the fruit fly Drosophila melanogaster is of interest in genetics to model changes across many generations (ie genetic selection). The distribution of the number of facets in the eye in ...

Show your work and solutionsnbspwhat is the npv of a

SHOW YOUR WORK AND SOLUTIONS  What is the NPV of a project that costs $15,000 and returns $25,000 annually for three years if the opportunity cost of capital is 14%?

If all the data values in a population are converted to

If all the data values in a population are converted to? z-scores, the distribution of? z-scores will have what? mean? Choose the correct answer below. A. The mean of the? z-scores will be zero. B. The mean of the? z-sco ...

Question 1 a sample of 81 account balances of a credit

Question 1: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126. 1. Formulate the hypotheses that can be used to determine whether the mean of all acc ...

In a survey of women in a certain country ages 20-29 the

In a survey of women in a certain country? (ages 20-?29), the mean height was 65.3 inches with a standard deviation of 2.71 inches. Answer the following questions about the specified normal distribution. ?(a) What height ...

In a sample of 20 cups of coffee at the local coffee shop

In a sample of 20 cups of coffee at the local coffee shop, the average temperature was 162.5 degrees with a standard deviation of 14.1 degrees. What would be the 95% confidence interval for the temperature of your cup of ...

Past data from a specialized lung cancer clinic show that

Past data from a specialized lung cancer clinic show that 10% of patients entering the clinic have lung cancer. Data also shows 5% of the patients are smokers. Additionally, it is found that 7% of the patients are smoker ...

What is the probability of a value from a normal

What is the probability of a value from a normal distribution being between 0.75 standard deviations above the mean and 1.75 standard deviations below the mean? (Round calculations to nearest thousandth (3 digits))

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As