Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Based on past experience, a telemarketing firm has found that calls to prospective customers take an average of 2.0 minutes, with a standard deviation of 1.5 minutes. The distribution is positively skewed, since persons who actually become customers require more of the caller's time than those who are not home, who simply hang up, or who say they're not interested. Albert has been given a quota of 220 calls for tomorrow, and he works an 8-hour day. Assuming that his list represents a simple random sample of those persons who could be called, what is the probability that Albert will meet or exceed his quota?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91670380

Have any Question?


Related Questions in Statistics and Probability

An fbi survey shows that about 70 of all property crimes go

An FBI survey shows that about 70% of all property crimes go unsolved. Suppose that in your town 10 such crimes are committed and they are each deemed independent of each other. What is the expected number of crimes that ...

In order to fund her retirement helen needs her portfolio

In order to fund her retirement, Helen needs her portfolio to have an expected return of 13.8 percent per year over the next 30 years. She has decided to invest in Stocks 1, 2, and 3, with 25 percent in Stock 1, 50 perce ...

1 three-circle red-on-white is one distinctive pattern

1) Three-circle, red-on-white is one distinctive pattern painted on ceramic vessels of the Anasazi period found at an archaeological site. At one excavation, a sample of 165 potsherds indicated that 74 were of the three- ...

Question 1 a random variable x is defined as the difference

Question: 1) A random variable X is defined as the difference between the higher value and the lowervalue when two dice are thrown. If they have the same value, X is zero. a.) Find the probability distribution for X. b.) ...

You buy a mutual fund for 1000 it annually distributes 60

You buy a mutual fund for $1,000. It annually distributes $60 for seven years, after which you sell the shares for $775. What is the annualized return on your investment? Use Appendix B and Appendix D to answer the quest ...

Industries recently commissioned management consultants to

Industries recently commissioned management consultants to estimate an appropriate rate for investment projects with the same risk as the firm. Unfortunately, part of the report was lost, and you have been asked to calcu ...

For the following two questions please determine the

For the following two questions, please, determine the correct hypothesis test, state the null and research hypotheses in words and in symbols, then conduct the hypothesis test, and report the results in writing. 1. A re ...

A hotel claims thatnbsp95 of its customers are very

A hotel claims that 95?% of its customers are very satisfied with its service. Complete parts a through d below based on a random sample of seven customers. What is the probability that more than six customers are very?  ...

Calculating this answer for my statistics classa hockey

Calculating this answer for my Statistics class: A hockey team conceded 18 goals on average per season. What is the probability that the team concedes 10 goals?  This was my answer and it was incorrect, so I want to know ...

Complete parts a and b using the probability distribution

Complete parts (a) and (b) using the probability distribution below.  The number of overtime hours worked in one week per employee Overtime hours 0 1 2 3 4 5 6 Probability 0.016 0.063 0.178 0.283 0.220 0.173 0.067 Find t ...

  • 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