please show work and do not use excel.1.Apple, Inc. is evaluating the introduction of a newproduct. The possible levels of unit sales and theprobabilities of their occurrence are given next:Possible Market Reaction Sales in UnitsProbabilityLow responseModerate responseHigh responseVery high response406580100.20.30.40.10a)What is the expected value of unit sales for the newproduct?b)What is the standard deviation of unit sales?

The question is about discrete probability distribution Given : To find : a ) Expected value of…

Answered: please show work and do not use excel.…

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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Cynthia is president of an international chemical distribution company, Cchem. Weekly gross sales for Cchem has a mean of $1 million and standard deviation of $0.2 million; the distribution of sales is highly right-skewed. One week’s sales are independent of the sales in any other week. Use this information to answer questions 5 to 6 below. What is the probability that sales for the week of October 5, 2009 will be more than $1.25 million? In order for Cynthia to receive a bonus, Cchem’s annual sales must exceed $53 million. What is the probability that Cynthia will receive a bonus for the fiscal year starting in 2010? Assume there are 52 weeks in a year.
A department store manager has monitored the number of complaints received per week about poor service. The probabilities for numbers of complaints in a week, established by this review, are shown in the table. Number of complaints Probability 0 0.16 1 0.26 2 0.35 week? 3 0.10 4 0.08 5 0.05 What is the standard deviation of complaints received per Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.
Aa A AaBbCcC AaB AaBbCcDc AaBbCcDc AABBC I Normal TNo Spac.. Heading Heading 2 Title Paragraph Styles Ed 4. The monthly utility bills in a city are normally distributed with a mean of $100 and a standard deviation of $12. Find the probability that a randomly selected utility bill will be between $90 and $120. Distribution type: Probability:
The consumption of processed fruits by people in the U. S. in a recent year was normally distributed with a mean of 218.2 pounds and a standard deviation of 68.1 pounds. A random sample of 40 people is selected. What is the probability that the mean amount of consumption is more than 200 pounds? a. 95.45% b. 62.35% O c. 4.55% d. 78.34%
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O 6. Salaries for Actuaries The average salary for gradu- ates entering the actuarial field is $63,000. If the salaries are normally distributed with a standard deviation of $5000, find the probability that a. An individual graduate will have a salary over $68,000. b. A group of nine graduates will have a group average over $68,000. Source: www.payscale.com & 7. Commuter Train Passengers On a certain run of : commuter train, the average number of passengers is 476 and the standard deviation is 22. Assume the variable is normally distributed. If the train makes the run, find the probability that the number of passengers will be a. Between 476 and 500 passengers b. Fewer than 450 passengers c. More than 510 passengers
Assume that adults have IQ scores that are normally distributed with a mean of μ=105 and a standard deviation σ=20. Find the probability that a randomly selected adult has an IQ less than 129. Click to view page 1 of the table. LOADING... Click to view page 2 of the table. LOADING... Question content area bottom Part 1 The probability that a randomly selected adult has an IQ less than 129 is enter your response here. (Type an integer or decimal rounded to four decimal places as needed.)
K A survey found that women's heights are normally distributed with mean 63.4 in and standard deviation 2.5 in. A branch of the military requires women's heights to be between 58 in and 80 in. a. Find the percentage of women meeting the height requirement. Are many women being denied the opportunity to join this branch of the military because they are too short or too tall? b. If this branch of the military changes the height requirements so that all women are eligible except the shortest 1% and the tallest 2%, what are the new height requirements? Click to view page 1 of the table. Click to view page 2 of the table. correct: 1 C... a. The percentage of women who meet the height requirement is (Round to two decimal places as needed.)

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