A marketing firm is considering making up to three new hires. Given its specific needs, the management feels that there is a 55%chance of hiring at least two candidates. There is only a 7% chance that it will not make any hires and a 10% chance that it will make allthree hires.a. What is the probability that the firm will make at least one hire?Note: Round your answer to 2 decimal places.Probabilityb. Find the expected value and the standard deviation of the number of hires.Note: Round intermediate calculations to at least 4 decimal places. Round your final answers to 2 decimal places.Expected valueStandard deviation

The given data is defined below as follows: From the information, given thatLet X denotes the number…

Answered: A marketing firm is considering making…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Draw a probability curve with your answer
Suppose that the distance of fly balls hit to the outfielder ( in baseball) is normally distributed with a mean of 250 feet and a standard deviation of 50 feet. We randomly sample 49 fly balls.a. In words define the random variable. X________.b. What is the probability that the 49 balls traveled an average at least of 240 feet. Include a complete shaded graph, and write the probability statement. c. Find the 90th percentile of the distribution of the average of 49 fly balls.
Cody took his first physics exam and scored an 80. The population mean for this exam is 70, and the standard deviation is 5. What is the probability of selecting a person with a score greater than Cody’s?
Suppose Michigan is favored by 17.5 points over Indiana. If you bet a “unit” on Indiana and Indiana loses by 17 or less, you win $10. If Indiana loses by 18 or more points, you lose $11. Note: Both Michigan and Indiana are NCAA Basketball teams. 1)Find the mean and standard deviation of your winnings on a single bet. Assume that there is a 0.5 probability that you will win your bet and a 0.5 probability that you will lose your bet.
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What is the answer
A psychologist believes that 65% of male drivers when lost continue to drive hoping to find the location they seek rather than ask directions. To examine this belief, he took a random sample of 350 male drivers and asked each what they did when lost. Assume that the sampling distribution of the sample proportion of male drivers who continue driving is at least approximately normal. If the belief is true, determine the probability that less than 60% said they continue driving. Show your work below
The probabilities that a customer buys 1, 2, 3, 5, 8 apples each day in a grocery store are 0.20, 0.32, 0.23, 0.18, 0.07 respectively. Let B be the number of apples a customer buys in a day. What is the standard deviation?
The salaries ofelementary school teachers are normally distributed with a mean of $32,000 and a standard deviation of $3000. If a teacher is selected at random, Find the probability that he or she makes between $ 36,000 and $38.000 Select one: a. 0.069 O b. 0.9082 c. 0.927 O d. 0.082
Assume that different groups of couples use a particular method of gender selection and each couple gives birth to one baby. This method is designed to increase the likelihood that each baby will be a girl, but assume that the method has no effect, so the probability of a girl is 0.5. Assume that the groups consist of 30 couples. Complete parts (a) through (c) below. a. Find the mean and the standard deviation for the numbers of girls in groups of 30 births. The value of the mean is u = (Type an integer or a decimal. Do not round.).
A survey found that 40% of adults in the United States have a pet in their home. Use this information to find the following: a. Find the probability that when we randomly select 13 adults exactly 7 of them have a pet in their home. Round your answer to two decimal places. b. Find the mean and standard deviation for the number of adults that have a pet in their home when we randomly select 13 adults. Round your answer to two decimal places.

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