Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Using the most recent itemized phone bills. Assume that incoming and out going calls are equal in the population. This means assume p=0.5. For the number of calls made last month, what would be the mean number of outgoing calsl in a random selection of calls? Also, compute the standard deviation. In a selection of 12 calls, what is the probability that less than 3 were outgoing?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9123046

Have any Question?


Related Questions in Statistics and Probability

According to a study in a previous year 570 of households

According to a study in a previous year, 57.0% of households nationwide used natural gas for heating during a year. Recently, a survey of 2,700 randomly selected households showed that 58.0% used natural gas. Use a 0.05 ...

The probability that a student passes a class is pp 059the

The probability that a student passes a class is p(P) = 0.59. The probability that a student studied for a class is p(S) = 0.55. The probability that a student passes a class given that he or she studied for the class is ...

Staples has six special drafting pencils for sale two of

Staples has six special drafting pencils for sale, two of which are defective. A student buys two of these six drafting pencils, selected at random. Let the random variable X be the number of defective pencils. Construct ...

Assume that the critic finds that 50 percent of the movies

Assume that the critic finds that 50 percent of the movies have positive comments about the plot, 50 percent have positive comments about the acting, and 30 percent were not given positive comments about either plot or a ...

Confidence intervals ci are one of the simpler forms of

Confidence intervals (CI) are one of the simpler forms of inferential statistics. What does the CI represent? And why does our knowledge of the Central Limit Theorem (CLT) and the empirical rule let us understand why the ...

Jen and barry calculate the overall cost per shift y for

Jen and Barry calculate the overall cost per shift y for "Jen & Barry's Fast Fresh Salad Bags". They determine that 20 salad bags can be produced for a total cost of $80 and that 50 salad bags can be produced for total c ...

With whom should you consult about design strategies to

With whom should you consult about design strategies to improve products/services and why would you consult with these individuals or groups?

A fifteen percent of the us population is greater than 65

A. Fifteen percent of the U.S. population is greater than 65 years of age. If a sample of 100 persons is chosen, what is the probability that fewer than 10 are more than 65 years old? B. In a sample of size 100 from the ...

A study shows that 81 of the population of all calculus

A study shows that 81% of the population of all calculus students consider calculus an exciting subject. Suppose 34 students are independently selected from the population. If the true percentage is really 81%, find the ...

The following is a partial relative frequency distribution

The following is a partial relative frequency distribution of grades in an introductory statistics course. Grade     Relative Frequency A .22 B                       ? C                       .18 D                        ...

  • 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