Problema mail order company tracks the number of returns it, Ask an Expert

Management Studies

Problem:

A mail order company tracks the number of returns it receives each day. Information for the last 40 days shows

Number of returns	Number of days
0-99	10
100-199	15
200-299	9
300 or more	6

Required:

Question 1) How many sample points are there?

Question 2) List and assign probabilities to sample points.

Question 3) What procedure was used to assign these probabilities?

Solve the problem and show all work.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91169152

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