Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

The number of times that a person contracts a cold in a given year is a Poisson random variable with parameter λ=6. However a new drug has just been marketed that reduces the Poisson parameter to λ=3 for 35 % the population. For the other 65 % of the population, the drug has no effect on colds. If an individual tries the drug for a year and has 3 colds in that time, how likely is it that the drug is beneficial for him?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M93126974
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Management

What are the most important societal and workplace trends

What are the most important societal and workplace trends affecting the role of human resources currently?

What are some strategies for creating a culture of

What are some strategies for creating a culture of change?

If you were assembling a change team what would be your key

If you were assembling a change team, what would be your key considerations when selecting your team? Why?

Show examples of organizations that are more focused on

Show examples of organizations that are more focused on simply bringing in money to the organization and those that are more focused on building relationships. What are the differences in how they conduct fundraising act ...

Mr barney the ceo has received your memo request to be

Mr. Barney, the CEO, has received your memo request to be considered for further leadership positions. He has decided to put you to the test! He assigns you to help his Director of Payroll, Loretta Cash with a problem.  ...

The four pillars of corporate sustainability is an evolving

The four pillars of corporate sustainability is an evolving concept that managers are adopting as an alternative to the traditional growth and profit-maximization model. Discuss

Shellys preferences for consumption and leisure can be

Shelly's preferences for consumption and leisure can be expressed as U(C, L) = (C - 100) (L - 40). This utility function implies that Shelly's marginal utility of leisure is C - 100 and her marginal utility of consumptio ...

What are the objectives and concepts of planning a

What are the objectives and concepts of planning a wedding?

Business overviewvictorian flight academy vfa is a flying

Business Overview Victorian Flight Academy ('VFA') is a flying school that provides aircraft pilot training and specialist instruction services to individuals ('clients') which was incorporated in the State of Victoria i ...

If you know your raw score is 35 your z score is -3 and

If you know your raw score is 35, your z score is -3, and your t score is 20. The mean is 50 and the standard deviation is 5. How would you use this information to solve for a percentile rank?

  • 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