probability that it will forecast fine weather

Q: If a researcher wants to estimate the proportion of customers of a coffee shop that favor the new…

A: Given data: Margin of error ( E) = 0.08 Population proportion = 0.75 Confidence level = 0.95 To find…

Q: The probability a machine has a lifespan of more than 5 years is 0.8. Ten machines are chosen at…

A: From the provided information, Sample size (n) = 10 The probability that a machine has a lifespan of…

Q: A teacher has found that the probability that a stu-dent studies for a test is 0.60, the probability…

A: Given that: A= student studies for test P(A)=0.60  B= student gets good grade. P(B)=0.72 P(A∩B)=P(…

Q: 53% of all incoming students is enrolled in a Math class. Suppose that you randomly select 2…

A: As per our guidelines we can solve first three subpart and rest can be reposted. Solution-: Given:…

Q: Of a population of consumers, 60 % are reputed to prefer Brand A toothpaste. If a group of randomly…

A: given data  P(prefer brand A toothpaste) = p = 0.60 P(atleast 5 people need to encounter the first…

Q: A phone number is a 7-digit that does not start with 0. Call a phone numbers that make up of exactly…

A: According to the permutation rule, if r distinct items are to be chosen from n items without…

Q: a. What is the probability of observing 8 or more abused women in a sample of 25 if the proportion p…

A:

Q: The​ three-year recidivism rate of parolees in a certain state is about 20​%; that​ is, 20​% of…

A:

Q: Draw the following and calculate the probabilities: 1.) between these values: z= -1.43 and 0.68 2.)…

A: Here we have to find the following area and draw its graph

Q: The mark-and-recapture technique is commonly used to estimate the population size of animal species.…

A: In this case, each of the obtained rabbits has the only options of being "marked" (defined as…

Q: Approximately 20% of IU students suffer from triskaidekaphobia. IU Health offers a free screening…

A: We have to find out answer

Q: Refer to the figure below in which surge protectors p and q are used to protect an expensive…

A: GivenProbability that surge protector work correctly during voltage surge = 0.89P(No fail) =…

Q: Two cards are selected from a standard deck of 52 playing cards. The first card is not replaced…

A: Total Cards in deck = 52 Number of club in the deck = 13 Number of spade in the deck= 13 Probability…

Q: The probability that a new advertising campaign will increase sales is assessed as being 0.7. The…

A:

Q: The reported rate for colorblindness for men ages 65 and older is 12%.  Assume this estimate is the…

A: Here, n = 25 and p = 0.12.

Q: If it is known that the results of the report from the production department of a Garment Industry…

A:

Q: The yacht engines fail with probability equal to 0.3. Assuming that a yacht makes a safe trip if at…

A:

Q: The chance of rain is 20%, the chance of it being sunny is 60%, and the chance of it being sunny and…

A: P(rain)=20% = 0.20P(sunny)=60% = 0.60P(rain and sunny)=10%=0.10

Q: newly developed missile destroys the target when it falls within 50 m of the target. The probability…

A: Provided information is, a newly developed missile destroys the target when it falls within 50 m of…

Q: A recent survey found that the probability that a student at a particular educational institution is…

A: Solution: From the given information,

Q: An engine encounters a standard environment with a probability of 0.9, and a severe environment with…

A: Let M be the event representing an engine encounters a standard environment. Let N be the event…

Q: If a group of 10 women is selected: What is the probability that at least two women will develop…

A: Answer n = 10p = 10% = 10/100 = 0.101- p = 1-0.10 = 0.90

Q: In a biostatistics class of 40 students, what is the probability that at least two people in the…

A: Hi! Thank you for the question. As per the honor code, we are allowed to answer 1 question at a…

Q: A group fitness gym classifies Its fitness class attendees by class type and member status. The…

A: class type member non-member total barre 271 153 424 boot camp 235 287 522 boxing 239 100 339…

Q: Based on a​ poll, among adults who regret getting​ tattoos, 28​% say that they were too young when…

A: According to bartleby expert guidelines we can answer only first three subparts. Rest can be…

Q: According to a survey, 67% of the students at Delta own a calculator. A group of 9 students is…

A:

Q: If it is known that the results of the report from the production department of a Garment Industry…

A: Given that n =10 ,p =0.35

Q: layer of a winning is 1/3. Given that the game is played i. The probability that the player has…

A: The game is played 6 times; n=6 The probability of winning is 13

Q: Find each of the following probabilities if the probability that A occurs is 38%, and the…

A: Independent event means their intersection probability is equal to their product

Q: a. Р(Z 2.6) : с. Р(- 2.6 < Z < 2.6): С.

A: Using the standard Normal table, P(Z &lt; 2.6) = 0.9953

Q: There is a probabilty that FRED will play golf this weekend is 0.5.  The probability that he will…

A:

Q: The probability of a successful merger with a larger firm is 0.6. Given that a merger is successful…

A: The probability of a successful merger with a larger firm is 0.6.

Q: At the the durban beach front it rains on 20% of the days and it is windy on 30% of days. if rain…

A: Given Data: The percentage of day it is rains is: P(A)=20% The percentage of day it is windy is:…

Q: Pandora Radio has determined that the probability of a user liking a new song enough to give a…

A: Number of trials n=586 Success of probability p=0.6939 X~binomial (n,p)

Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.