Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Based on the survey conducted by a municipal administration in the Netherlands, Monday appeared to be managements' preferred day for laying off workers. Of the total number of workers laid off in a given period, 30% were on Monday, 25% on Tuesday, 20% on Wednesday, 13% on Thursday, and 12% on Friday. If a random sample of 15 layoffs is taken, what is the probability that

a. Five were laid off on Monday.

b. Four were laid off on Tuesday.

c. Three were laid off on Wednesday.

d. Two were laid off on Thursday.

e. One was laid off on Friday.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92180765

Have any Question?


Related Questions in Statistics and Probability

1i which of the following characterizes a market ordera a

1) i. Which of the following characterizes a market order? a) A market order, which is considered a small order, is when 100 shares of a stock are ordered b) A market order is when the investor specifies the maximum pric ...

Question 387 women receiving free bone mineral density

Question: 387 women receiving free bone mineral density screenings were questioned. The questions focused on past smoking history. Sujbects undergoing hormone replacement therapy (HRT), and subjects not undergoing HRT, w ...

In a health club research shows that on average patrons

In a health club, research shows that on average, patrons spend an average of 42.5 minutes on the treadmill, with a standard deviation of 4.8 minutes. It is assumed that this is a normally distributed variable. Find the ...

In a panel discussion with 3 industry reps 2 government

In a panel discussion with 3 industry reps, 2 government reps, and 1 association rep, how many ways can they be seated along a row a) With no restrictions (each person can sit anywhere)? b) If the 3 industry reps must si ...

What is the minimum cash flow that could be received at the

What is the minimum cash flow that could be received at the end of year three to make the following project "acceptable?" Initial cost = $63,000; cash flows at end of years one and two = $35,000; opportunity cost of capi ...

While preparing for their comeback tour the flaming rogers

While preparing for their comeback tour, the flaming Roger's find that the average time it takes their sound tech to set up for a show is 61 minutes, with a standard deviation of 4.1 minutes. If the band manager decides ...

Hardboard is graded with the following frequenciesgrade a

Hardboard is graded with the following frequencies: Grade A: 1/5 Grade B: 3/4 Cull: 1/20 If six pieces come off of a hot press, find the probability that two are Grade A, three are Grade B, and one is a Cull.

The monthly sales demand for a new product is uncertain but

The monthly sales demand for a new product is uncertain, but it is considered to be adequately described by a normal random variable with mean 50,000 units and variance 100,000,000. (a) A factory to manufacture the new p ...

A firm requires an investment of 18000 and will return

A firm requires an investment of $18,000 and will return $26,000 after one year. If the firm borrows $10,000 at 8% what is the return on levered equity?

What is liquidity and why is liquidity important to the

What is liquidity and why is liquidity important to the success of a business? Give the Reference

  • 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