About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who earn the prevailing minimum wage or less. Complete parts (a)through (c) below.(a) Company A has 287 employees. What is the probability that Company A will get the discount?(Round to four decimal places as needed.)(b) Company B has 529 employees. What is the probability that Company B will get the discount?(Round to four decimal places as needed.)(c) Company C has 1000 employees. What is the probability that Company C will get the discount?(Round to four decimal places as needed.)

a) Let X is a Random variable shows the number of employees out of 285 earn the prevailing minimum…

Answered: About 5% of hourly paid workers in a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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About 5% of hourly paid workers in a region earn the prewailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who eam the prevailing minimum wage or less. Complete parts (a) through (c) below. (a) Company A has 291 employees. Wihat is the probability that Company A will get the discount?? (Round to four decimal places as needed.)
Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana. After examining accounting records for the past several years, he found that the store has been arossina over $850 per day about 55% of the business days it is open. Estimate the probability that the store will aross over $850 for the following. (Round your answers to three decimal places. (a) at least 3 out of 5 business davs (b) at least 6 out of 10 business days (c) fewer than 5 out of 10 business days (d) fewer than 6 out of the next 20 business days (e) more than 17 out of the next 20 business days
Determine the following probabilities. Leave your answer as a percent to the nearest tenth (one decimal after converting to %). The probability of spinning an even number or multiple of 5 on the equal section spinner with numbers 1-20. Leave your answer as a percent to the nearest tenth (one decimal) after converting to %. You can leave out the % sign.
Parts a-d please
The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaratian Center for the Homeless. A local travel agency donates the cruise, valued at $2000. The students sold 2833 raffle tickets at $5 per ticket. A. Kevin bought 5 tickets. What is the probability that Kevin will win the spring break cruise to the Caribbean? ( Round your answer to five decimal places) What is the probability that Kevin will not win the cruise? ( Round your answer to five decimal places) B. Expected earnings can be found by multiplying the value of the cruise by the probability that Kevin will win. What are Kevin's expected earnings? ( Round your answers to two decimal places) Is this more or less than the amount Kevin paid for the five tickets? How much did Kevin effectively contribute to the Samaritan Center for the Homeless? (Round your answer to two decimal places)
The Business School at State University currently has three parking lots, each containing 155 spaces. Two hundred faculty members have been assigned to each lot. On a peak day, an average of 70% of all lot 1 parking sticker holders show up, an average of 72% of all lot 2 parking sticker holders show up, and an average of 74% of all lot 3 parking sticker holders show up. a. Given the current situation, estimate the probability that on a peak day, at least one faculty member with a sticker will be unable to find a spot. Assume that the number who show up at each lot is independent of the number who show up at the other two lots. Compare two situations: (1) each person can park only in the lot assigned to him or her, and (2) each person can park in any of the lots (pooling). (Hint: Use the RISKBINOMIAL function.) If needed, round your answer to a whole percentage and if your answer is zero, enter "0". No pooling: Pooling: 51.4 % 83.8 % b. Now suppose the numbers of people who show up at…
Answer #30 please. Show work.
The annual premium for a $20,000 insurance policy against the theft of a painting is $300. If the probability that the painting will be stolen during the year is 0.02, what is your expected return from the insurance company if you take out this insurance? Upload your answer with your work and explanations here
According to the U.S. Census Bureau, 18% of U.S. households are in the Northeast and about 5.6% of U.S.households in the Northeast earn more than $75,000 per year. Find the probability that a randomly selected U.S. household is in the Northeast and earns more than $75,000 per year. Round your answer to three decimal places.
The principle of redundancy is used when system reliability is improved through redundant or backup components. Assume that a student's alarm clock has a 16.9% daily failure rate. Complete parts (a) through (d) below. a. What is the probability that the student's alarm clock will not work on the morning of an important final exam? (Round to three decimal places as needed.) Enter your answer in the answer box and then click Check Answer. Check Answer parts remaining Clear All

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