### Probability of Receiving a Discount**Context:** Approximately 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 earning the prevailing minimum wage or less. Answer the following questions to determine the probability that certain companies will receive the discount.**Problem Analysis:**(a) **Company A** has 289 employees.- **Question:** What is the probability that Company A will get the discount?- **Probability:** 0.0000 (Rounded to four decimal places as needed.)(b) **Company B** has 516 employees.- **Question:** What is the probability that Company B will get the discount?- **Action:** Calculate and round the probability to four decimal places as needed. (An answer box is provided for students to input their calculation.)**Further Explanation:**- The probability needs to be calculated based on the percentage of workers earning the minimum wage and the total number of employees in each company. Analyze using statistical or probability formulas as per taught methods to find the exact answers.

Answered: ffers discount rates to companies that…

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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Hospitals typically require backup generators to provide electricity in the event of a power outage. Assume that emergency backup generators fail 44% of the times when they are needed. A hospital has two backup generators so that power is available if one of them fails during a power outage. Complete parts (a) and (b) below. a. Find the probability that both generators fail during a power outage. (Round to four decimal places as needed.) b. Find the probability of having a working generator in the event of a power outage. Is that probability high enough for the hospital? Assume the hospital needs both generators to fail less than 1% of the time when needed.(Round to four decimal places as needed.)
The accompanying table shows the numbers of male and female students in a particular country who received bachelor's degrees in business in a recent year. Complete parts (a) and (b) below. Click the icon to view the data on business degrees. (a) Find the probability that a randomly selected student is male, given that the student received a business degree. The probability that a randomly selected student is male, given that the student received a business degree, is (Round to three 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
Hospitals typically require backup generators to provide electricity in the event of a power outage. Assume that emergency backup generators fail 42% of the times when they are needed. A hospital has two backup generators so that power is available if one of them fails during a power outage. Complete parts (a) and (b) below. a. Find the probability that both generators fail during a power outage. (Round to four decimal places as needed.) b. Find the probability of having a working generator in the event of a power outage. Is that probability high enough for the hospital? Assume the hospital needs both generators to fail less than 1% of the time when needed. (Round to four decimal places as needed.) Is that probability high enough for the hospital? Select the correct answer below and, if necessary, fill in the answer box to complete your choice. O A. No, because both generators fail about % of the time they are needed. Given the importance of the hospital's needs, the reliability should…
Hospitals typically require backup generators to provide electricity in the event of a power outage. Assume that emergency backup generators fail 21% of the times when they are needed. A hospital has two backup generators so that power is available if one of them fails during a power outage. Complete parts (a) and (b) below. a. Find the probability that both generators fail during a power outage. (Round to four decimal places as needed.) b. Find the probability of having a working generator in the event of a power outage. Is that probability high enough for the hospital? Assume the hospital needs both generators to fail less than 1% of the time when needed. |(Round to four decimal places as needed.) Is that probability high enough for the hospital? Select the correct answer below and, if necessary, fill in the answer box to complete your choice. O A. Yes, because both generators fail about % of the time they are needed, which is low enough to not impact the health of patients. (Round…
The accompanying table shows the numbers of male and female students in a particular country who received bachelor's degrees in business in a recent year. Complete parts (a) and (b) below. Click the icon to view the data on business degrees. (a) Find the probability that a randomly selected student is male, given that the student received a business degree. The probability that a randomly selected student is male, given that the student received a business degree, is (Round to three decimal places as needed.) (b) Find the probability that a randomly selected student received a business degree, given that the student is female. The probability that a randomly selected student received a business degree, given that the student is female, is (Round to three decimal places as needed.) Business graduates Business degrees Nonbusiness degrees Total Male 192,167 616,454 808,621 1,056,907 1,865,528 Female 173,249 883,658 Total 365,416 1,500,112
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