Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Estimating Probability value using Binomial and Normal Distribution.

1) It has been estimated that 30 percent of all farms are family-owned. In a sample of 12 farms, what is the probability that accurately three farms are family owned?

2) The length of time it takes to be seated at a local restaurant on Friday night is normally distributed with a mean of 15 minutes and a standard deviation of 4.75. What is the likelihood that you have to wait more than 20 minutes to be seated?

3) The time it takes to assemble an electronic component is normally distributed with a mean of 17.2 minutes and a standard deviation of 3.1 minutes. The probability is 95% that it will take as a minimum how long to assemble a component?

4) The number of students using the atm on campus daily is normally distributed with a mean of 237.6 and a standard deviation of 26.3. For a random sample 55 days, what is the likelihood that atm usage averaged more than 230 students per day?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M919721

Have any Question? 


Related Questions in Statistics and Probability

What was the hellenistic age and how did it come to be what

What was the Hellenistic age and how did it come to be? What are some special characteristics of Hellenistic cities, art, culture, thought, and achievements? What were some of the major contributions of the Hellenistic a ...

Hello kitty company claims that the proportion of its

Hello Kitty Company claims that the proportion of its employees investing in individual investment accounts is higher than national proportion of 50%. A survey of 100 employees in Hello Kitty Company indicated that 58 of ...

What is the difference between the standard deviation

What is the difference between the standard deviation, standard error of the mean, and standard error of the estimate? Discuss and offer examples.

Suppose we would like to determine if the typical amount

Suppose we would like to determine if the typical amount spent per customer for dinner at a new restaurant in town is more than $20.00. A sample of 49 customers over a three-week period was randomly selected and the aver ...

To test the model you will make 5 trades using 5 different

To test the model, you will make 5 trades using 5 different sets of data. You may define the parameters of the put call parity or use the following assumption for the parameters: Interest rate is 5%Transaction costs for ...

A business student is interested in estimating the 99

A business student is interested in estimating the 99% confidence interval for the proportion of students who bring laptops to campus. He wishes a precise estimate and is willing to draw a large sample that will keep the ...

Please read below i need help right away i have posed this

Please read below. I need help right away. I have posed this problem in three different ways an the only consistant answer I get is instructing me to go pay money to another site. PLEASE HELP! Inferential Research and St ...

1 how did commerce at this stage of societal development

1. How did commerce at this stage of societal development influence the decisions/actions of governments? Some very specific results of these decisions influenced the circumstances we have today. Be sure to include addit ...

Suppose that 3 of all adults suffer from diabetes and that

Suppose that 3% of all adults suffer from diabetes and that 28% of all adults are obese. Suppose also that 2% of all adults both are obese and suffer from diabetes. (a) Find the probability that a randomly chosen adult i ...

An airline company is considering a new policy of booking

An airline company is considering a new policy of booking as many as 158 persons on an airplane that can seat only 160. (Past studies have revealed that only 90% of the booked passengers actually arrive for the flight.) ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro