quota An owner of a firm has collected information on the number of goods sold in the last 100 days. The following table gives a summary of the daily sales and the probabilities of selling a particular number of goods sold per rework day: not song an babiver nga sitt ni znoituloz balistab svid Task 3: Number of goods sold per day Number of days 10 20 Probability 0.14 0.20 The day is considered to be profitable if at least 10 goods are sold. 8 6 0.06 9 14 11 22 0.22 12 an 13 18 0.18 1. What is the probability that a randomly selected day will not be profitable? OF 2. What is the probability that a randomly selected day will be profitable? 20 0.20 8 telluO bre A felluO nol suneven zolsa ylish opetovs erit etsluals Total 100 1.00 Assume that the probability of having a profitable day is constant. Also assume that the number of goods sold is independent of the day of the week. 3. Assuming the binomial probability distribution, calculate the probability that out of 6 randomly selected days, exactly 5 days will be profitable.
quota An owner of a firm has collected information on the number of goods sold in the last 100 days. The following table gives a summary of the daily sales and the probabilities of selling a particular number of goods sold per rework day: not song an babiver nga sitt ni znoituloz balistab svid Task 3: Number of goods sold per day Number of days 10 20 Probability 0.14 0.20 The day is considered to be profitable if at least 10 goods are sold. 8 6 0.06 9 14 11 22 0.22 12 an 13 18 0.18 1. What is the probability that a randomly selected day will not be profitable? OF 2. What is the probability that a randomly selected day will be profitable? 20 0.20 8 telluO bre A felluO nol suneven zolsa ylish opetovs erit etsluals Total 100 1.00 Assume that the probability of having a profitable day is constant. Also assume that the number of goods sold is independent of the day of the week. 3. Assuming the binomial probability distribution, calculate the probability that out of 6 randomly selected days, exactly 5 days will be profitable.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON