Question about probabilty and randomnessproblem 1what is, Ask an Expert

Management Studies

Question about Probabilty and Randomness

Problem #1

What is the chance of getting eight or fewer tails on 10 flips of a coin?

Problem #2

A salesperson has been losing 25% of potential sales. In a study of 20 random sales contacts from this salesperson, what is the probability of finding 4 or more successful sales?

Problem #3

An automatic transmission repair shop had an established standard to do a certain type of repair. They hired a new mechanic. After six months, they sampled 12 of the new mechanicâ??s repair times versus the standard repair. The new mechanic took more than the standard time on eight of the 12 samples. How confident would the repair shop be in judging that the higher times were due to shop performance rather than to random causes? In your opinion, should the shop keep the new mechanic?

1. Answer questions with clarity and show the detailed steps for calculation.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9738723

Have any Question?Write your Review or question?

Related Questions in Business Management

What is greeces global health issues and how can they be

What is Greece's global health issues and how can they be combated?

1 in vi what does the following accomplish 1sfoobarga

1. In vi, what does the following accomplish? :1,$s/foo/bar/g a. Substitute foo for bar on line 1 globally b. Substitute bar for boo on line 1 globally c. Substitute foo for bar on every line d. Substitute foo for bar in ...

Case study 1case study exxon mobil - stewardship leadership

Case Study 1 Case study: Exxon Mobil - stewardship, leadership, corporate social responsibility (refer to p. 229, Tricker, 2015) Discussion questions 1. Should the company keep its focus on its mission of ‘developing mor ...

With respect to your use of the internet what is an example

With respect to your use of the Internet, what is an example of an exposure? An uncertainty? A missed opportunity?

How does the potential barriers to effective strategic

How does the potential barriers to effective strategic planning in the health care environment differ from barriers encountered in the general business world?

Begin this activity by logging into the pmiacircreg website

Begin this activity by logging into the PMIÂ® Website and accessing the SOURCE_SELECTION_CRITERIA form. Review the Forms tab on the PMI Resources page for how to download the form. Read and analyze Chapter 2 Case Study 2 ...

Stuart black states in his book that in order for leaders

Stuart Black states in his book, that in order for leaders to see real "movement" during change initiatives, people must clearly see where they are going? Please explain what he is trying to say by this.

Will amazon business threaten fastenals position in the

Will Amazon Business threaten Fastenal's position in the industrial supply industry in the long run? What competitive strategies can Fastenal use to preserve its advantages?

Java program that prompts the user to enter the base and

Java program that prompts the user to enter the base and slant height for a regular pyramid shape, then calculates and outputs its volume and surface area. A and B are requirements A It is required to use JOptionPane's I ...

Please read the information at Please read the information at

Please read the information at http://secureidnews.com/news-item/healthcare-biometrics-market-value-to-reach-5-8-billion-by-2019/ , discuss the costs, and give an opinion of whether the benefits are worth the costs of bi ...

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

Recent Questions

Ask Business Management Expert