### 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

See similar textbooks

Similar questions

The reported cancer rates for men ages 65 and older is 23%. Assume this estimate is the true population proportion of men ages 65 and older who have been diagnosed with some form of cancer. A SRS of 25 men ages 65 and older is taken. Calculate the probability that proportion of men ages 65 and older who have been diagnosed with some form of cancer is more than 0.30. (The answer has to be either A or B) A. 0.2033 B. 0.2236
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…
A certain student is equally likely to choose to major in medicine, engineering or accounting in college. What is the probability that the student will choose to major in: note : Answers should be in either decimal (4 decimal places), fraction (lowest terms) or percent (rounded to 2 decimal places) form. 1. medicine? 2. accounting? 3. engineering or medicine?
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
The probability that an applicant will be approved for a mortgage is 0.15. Each applicant has the same probability of being approved and the event that they are approved are independent. What is the probability that out of three applicants, exactly two of them get approved? Enter your answer as a decimal, with three decimal places. For example, if the probability is 15.37%, enter 0.154
40% of consumers believe that cash will be obsolete in the next 20 years. Assume that 6 consumers are randomly selected. Find the probability that fewer than 3 of the selected consumers believe that cash will be obsolete in the next 20 years. The probability is (Round to three decimal places as needed.) ...
Which of the following do you think could possibly be true? A. The number of students enrolled at a university decresed by 100% from last year B. The probability that an NFL team win the super bowl this year is 110% C. A student flips a coin 10 times and obeserves 65% of the time the coin lands on tails D.85% of students at a university are enrolled full-Time
There is a 0.9985 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $191 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $120,000 as a death benefit. Complete parts (a) through (c) below.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS