Homework Help is Here – Start Your Trial Now!
Math
Statistics
What is the binomial probability that you find less than 11 clients who will buy your extended warranty c. if you present to 79 clients, and the probability of a client buying a warranty after your presentation is D. 20%? What is the binomial expected value a client buys your extended warranty if the probability is 20% and 79 E. clients are in the sample? F. G. What is the binomial variance when a client buys your extended warranty if the probability of buying is 20% and 79 clients are in the sample? H.

What is the binomial probability that you find less than 11 clients who will buy your extended warranty c. if you present to 79 clients, and the probability of a client buying a warranty after your presentation is D. 20%? What is the binomial expected value a client buys your extended warranty if the probability is 20% and 79 E. clients are in the sample? F. G. What is the binomial variance when a client buys your extended warranty if the probability of buying is 20% and 79 clients are in the sample? H.

MATLAB: An Introduction with Applications
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
icon
Related questions
Question

part C D E

The most important measure in any business is a successful purchase of their product. Task success is a discrete measure (0 is fail, 1 is successful purchase). The following table shows a discrete distribution across 100 clients for product purchase. Table 4 X (purchase success) P(probability purchase) v Calculate the expected value for table4? 0.1 0.3 0.2 0.4 A. 0.0625 v Calculate the discrete variance for table 4? B. 1.04 v What is the binomial probability that you find less than 11 clients who will buy your extended warranty C. 1.90 if you present to 79 clients, and the probability of a client buying a warranty after your presentation is 20%? D. 2 v What is the binomial expected value a client buys your extended warranty if the probability is 20% and 79 E. 4.620 clients are in the sample? F. 1.09 G. 15.80 v What is the binomial variance when a client buys your extended warranty if the probability of buying is 20% and 79 clients are in the sample? H. 12.64 1. 0.91 J. 10/79 к 3,56 L. 1.0 M. 0.01 N. 0.1101 O. Cannot calculate without more information
Transcribed Image Text:The most important measure in any business is a successful purchase of their product. Task success is a discrete measure (0 is fail, 1 is successful purchase). The following table shows a discrete distribution across 100 clients for product purchase. Table 4 X (purchase success) P(probability purchase) v Calculate the expected value for table4? 0.1 0.3 0.2 0.4 A. 0.0625 v Calculate the discrete variance for table 4? B. 1.04 v What is the binomial probability that you find less than 11 clients who will buy your extended warranty C. 1.90 if you present to 79 clients, and the probability of a client buying a warranty after your presentation is 20%? D. 2 v What is the binomial expected value a client buys your extended warranty if the probability is 20% and 79 E. 4.620 clients are in the sample? F. 1.09 G. 15.80 v What is the binomial variance when a client buys your extended warranty if the probability of buying is 20% and 79 clients are in the sample? H. 12.64 1. 0.91 J. 10/79 к 3,56 L. 1.0 M. 0.01 N. 0.1101 O. Cannot calculate without more information
Expert Solution
steps

Step by step

Solved in 4 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
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