Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

1. A sales rep for national clothing company makes four calls per day. Based upon historical records, the following probability distribution states the number of successful calls each day:

Successful Calls Probability
0 0.10
1 0.30
2 0.30
3 0.20
4 0.10

The expected number of successful sales calls for each day is: 

  1. 2.00
  2. 1.15.
  3. 1.90.
  4. 2.50

2.  A package delivery service claims that no more than five percent of all packages arrive at address late.  Supposing that the conditions for binomial hold, if the sample of size 10 packages is randomly chosen, and the five percent rate holds, find out the probability that exactly 2 packages in sample arrive late? 

  1. 0.0746
  2. 0.9884
  3. 0.2347
  4. 0.0439

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921824

Have any Question? 


Related Questions in Statistics and Probability

Paper should be between 800 and 1000 words in length it is

Paper should be between 800 and 1,000 words in length. It is due according to the due date on the course calendar. 1. Drawing on the readings and lectures, name at least three developments or factors that encouraged the ...

You are interested in using linear regression to test

You are interested in using linear regression to test whether drinking a protein shake improves weightlifting performance. From a sample of 200 college students, you estimate a linear regression with WEIGHTLIFT as the de ...

The price of a railroad car purchased by rio corporation

The price of a railroad car purchased by Rio Corporation was $78,600. Using the MACRS method, calculate the annual depreciation for year 3. (Round all dollar amounts to the nearest cent) $34,371.78 $19,249.14 $13,747.14 ...

1 the correlation between self-esteem and shyness is -50

1. The correlation between self-esteem and shyness is -.50. Interpret this correlation. 2. Which is larger-a correlation of +.45 or a correlation of -.60? Explain.

Afire with faith 1820-18501 how did revivalism help people

Afire with Faith, 1820-1850} 1. How did revivalism help people adjust to the market? 2. Describe the range of antislavery positions, and mention at least three people who exemplified those different positions? 3. How did ...

Case study mikhail gorbachevs 1988 un speechif the pace of

Case Study: Mikhail Gorbachev's 1988 UN SpeechIf the pace of improving US-Soviet relations seemed rapid, Mikhail Gorbachev's speech to the United Nations General Assembly would shift the process into overdrive.  In this ...

Questiona mining company has gained the drilling rights at

Question: A mining company has gained the drilling rights at two sites A and B. Each cost €100,000 each. Based on past experience they have estimated the chances of a successful drill as follows: P(A) = 0.6, P(B) = 0.5 I ...

Within a forensic investigation a sample was independently

Within a forensic investigation, a sample was independently analyzed for lead content by two different laboratories, Lab 1 and Lab 2. The analysis that was performed on this sample by Lab 1 yielded a coefficient of varia ...

Binomial stock option modelingsuppose you have the

Binomial Stock Option Modeling Suppose you have the opportunity to buy the following contract, a stock call option, on March 1. The contract allows you to buy 100 shares of XYZ stock at the end of either March, April, or ...

The time it takes to complete a standardized exam is

The time it takes to complete a standardized exam is normally distributed with a mean of 70 minutes and a standard deviation of 10 minutes. How much time should be allowed for the exam so that 80% of the students will fi ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen