Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Banner Mattress and Furniture Company desires to study the number of credit applications received each day for the last 300 days. The information is reported on next page.

Number of Credit Applications

Frequency (Number of Days)

0

50

1

77

2

81

3

48

4

31

5 or more

13

To interpret, there were 50 days on which no credit applications were received, 77 days on which only 1 application was received, and so on. Would it be reasonable to conclude that population distribution is Poisson with mean of 2.0? Use the .05 significance level. Hint: To find out the expected frequencies employ the Poisson distribution with mean of 2.0. Find out the probability of exactly one success given a Poisson distribution with mean of 2.0. Multiply this probability by 300 to find out the expected frequency for number of days in which there was exactly one application. Find out the expected frequency for other days in similar manner.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M916756

Have any Question? 


Related Questions in Statistics and Probability

Name two or three competitors that compete most directly

Name two or three competitors that compete most directly for the same resources and customers that you need to perform well as an organization (or other government agencies or non-profits that compete for similar donors ...

Imagine that you conduct a study to test the average level

Imagine that you conduct a study to test the average level of guilt experienced by Christians, Jews, Buddhists, Muslims, and Hindus. Could you use an ANOVA to analyze your data? Why or why not?

In a recent survey of high school seniors a random sample

In a recent survey of high school seniors, a random sample of 1000 females showed that 650 were planning on pursuing a college degree, while a random sample of 1000 females showed that 600 were planning on pursuing a col ...

Two population meansa tomato farmer with a very large farm

Two Population Means A tomato farmer with a very large farm of approximately 2200 acres had heard about a new type of rather expensive fertilizer which would supposedly significantly increase his production. The frugal f ...

A smartphone company has to decide which battery they will

A smartphone company has to decide which battery they will use for their upcoming model. Two battery manufacturers A and B are competing to get the contract. 15 smartphones of the upcoming model were tested with batterie ...

Packages of sugar bags for sweeter sugar inc have an

Packages of sugar bags for Sweeter Sugar Inc. have an average weight of 10 ounces and a standard deviation of 0.2 ounces. The weights of the sugar bags are normally distributed. What is the probability that 16 randomly s ...

The term critical value is often used to refer to the value

The term critical value is often used to refer to the value of a test statistic that determines statistical significance at some fixed α level for a test. For example,  + 1.96 are the critical values for a two-tailed z-t ...

The mean monthly car payment for 123 residents of the local

The mean monthly car payment for 123 residents of the local apartment complex is $624. What is the best point estimate for the mean monthly car payment for all residents of the local apartment complex?

In a random sample of 10 reduced fat chocolate chip cookies

In a random sample of 10 reduced fat chocolate chip cookies, the sample mean for the number of chocolate chips was 17.6.  Regular chocolate chip cookies have a mean number of 20 chocolate chips.  The population standard ...

Grear tire company has produced a new tire with an

Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes that the standard deviation is 5000 miles and that tire mileage is normally distributed. To pro ...

  • 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