An Introduction to Statistical Methods and Data Analysis
7th Edition
ISBN: 9781305269477
Author: R. Lyman Ott, Micheal T. Longnecker
Publisher: Cengage Learning
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Textbook Question
Chapter 4.18, Problem 51E
A firm is considering using the Internet to supplement its traditional sales methods. Using data from an industry association, the firm estimates that 1 of every 1,000 Internet hits results in a sale. Suppose the firm has 2,500 hits per day.
- a. What is the
probability that the firm will have more than five sales in a randomly selected day? - b. What conditions must be satisfied in order for you to make the calculation in part (a)?
- c. Use the Poisson approximation to compute the probability that the firm will have more than five sales in a randomly selected day.
- d. Is the Poisson approximation accurate?
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Chapter 4 Solutions
An Introduction to Statistical Methods and Data Analysis
Ch. 4.18 - Indicate which interpretation of the probability...Ch. 4.18 - If you are having a stroke, it is critical that...Ch. 4.18 - In reporting highway safety, the National Highway...Ch. 4.18 - In a cable TV program concerning the risk of...Ch. 4.18 - The gaming commission in its annual examination of...Ch. 4.18 - The state vehicle inspection bureau provided the...Ch. 4.18 - The Texas Lottery has a game, Daily 4, in which a...Ch. 4.18 - A die is rolled two times. Provide a list of the...Ch. 4.18 - Refer to Exercise 4.10. Assume that the die is a...Ch. 4.18 - Refer to Exercise 4.11. a. Describe the event that...
Ch. 4.18 - Refer to Exercise 4.11. a. Are events A and B...Ch. 4.18 - A credit union takes a sample of four mortgages...Ch. 4.18 - A nuclear power plant has double redundancy on the...Ch. 4.18 - The population distribution in the United States...Ch. 4.18 - The makers of the candy MMs report that their...Ch. 4.18 - Refer to Exercise 4.11. Compute the following...Ch. 4.18 - Prob. 19ECh. 4.18 - Prob. 20ECh. 4.18 - Refer to Exercise 4.16. Let W be the event that...Ch. 4.18 - Is it possible for events A and B to be both...Ch. 4.18 - A survey of 1,000 U.S. government employees who...Ch. 4.18 - Refer to Exercise 4.23. Define the following...Ch. 4.18 - Prob. 25ECh. 4.18 - A large corporation has spent considerable time...Ch. 4.18 - The utility company in a large metropolitan area...Ch. 4.18 - Prob. 28ECh. 4.18 - Of a finance companys loans, 1% are defaulted (not...Ch. 4.18 - Refer to Exercise 4.29. Show that the posterior...Ch. 4.18 - Prob. 31ECh. 4.18 - In Example 4.4, compute the probability that the...Ch. 4.18 - Prob. 33ECh. 4.18 - In a January 15, 1998, article, the New England...Ch. 4.18 - Prob. 35ECh. 4.18 - Classify each of the following random variables as...Ch. 4.18 - Prob. 37ECh. 4.18 - Texting while driving is a very dangerous...Ch. 4.18 - Prob. 39ECh. 4.18 - The numbers of cars failing an emissions test on...Ch. 4.18 - A traditional call center has a simple mission:...Ch. 4.18 - A biologist randomly selects 10 portions of water,...Ch. 4.18 - Examine the accompanying newspaper clipping. Does...Ch. 4.18 - A survey is conducted to estimate the percentage...Ch. 4.18 - In an attempt to decrease drunk driving, police...Ch. 4.18 - The quality control department examines all the...Ch. 4.18 - Prob. 47ECh. 4.18 - The CFO of a hospital is concerned about the risk...Ch. 4.18 - Suppose the random variable y has a Poisson...Ch. 4.18 - Customers arrive at a grocery store checkout at a...Ch. 4.18 - A firm is considering using the Internet to...Ch. 4.18 - Prob. 52ECh. 4.18 - Prob. 53ECh. 4.18 - Prob. 54ECh. 4.18 - Prob. 55ECh. 4.18 - Prob. 56ECh. 4.18 - Prob. 57ECh. 4.18 - Prob. 58ECh. 4.18 - Prob. 59ECh. 4.18 - Prob. 60ECh. 4.18 - In Exercises 4.57 through 4.63, let z be a random...Ch. 4.18 - Prob. 62ECh. 4.18 - Prob. 63ECh. 4.18 - Prob. 64ECh. 4.18 - Let y be a random variable having a normal...Ch. 4.18 - Suppose that y is a random variable having a...Ch. 4.18 - Suppose that z is a random variable having a...Ch. 4.18 - Prob. 68ECh. 4.18 - Records maintained by the office of budget in a...Ch. 4.18 - The College Boards, which are administered each...Ch. 4.18 - Monthly sales figures for a particular food...Ch. 4.18 - Refer to Exercise 4.70. An honor society wishes to...Ch. 4.18 - Prob. 73ECh. 4.18 - Prob. 74ECh. 4.18 - A psychologist is interested in studying women who...Ch. 4.18 - Prob. 76ECh. 4.18 - A random sample of 16 measurements is drawn from a...Ch. 4.18 - Prob. 78ECh. 4.18 - Psychomotor retardation scores for a particular...Ch. 4.18 - Federal resources have been tentatively approved...Ch. 4.18 - Refer to Exercise 4.80. What size facility should...Ch. 4.18 - Based on the 1990 census, the number of hours per...Ch. 4.18 - The level of a particular pollutant, nitrogen...Ch. 4.18 - Refer to Exercise 4.83. A company has a fleet of...Ch. 4.18 - The baggage limit for an airplane is set at 100...Ch. 4.18 - A patient visits her doctor with concerns about...Ch. 4.18 - Critical key-entry errors in the data processing...Ch. 4.18 - Prob. 88ECh. 4.18 - Let y be a binomial random variable with n = 10...Ch. 4.18 - Prob. 90ECh. 4.18 - A marketing research firm advises a new client...Ch. 4.18 - Prob. 92ECh. 4.18 - Suppose a population consists of the 10...Ch. 4.18 - The fracture toughness in concrete specimens is a...Ch. 4.18 - One way to audit expense accounts for a large...Ch. 4.18 - The breaking strengths for 1-foot-square samples...Ch. 4.18 - Refer to Exercise 4.96. Suppose that a new...Ch. 4.18 - Refer to Exercise 4.97. Suppose that the mean...Ch. 4.18 - Prob. 99SECh. 4.18 - Prob. 100SECh. 4.18 - Experts consider high serum cholesterol levels to...Ch. 4.18 - Prob. 102SECh. 4.18 - Prob. 103SECh. 4.18 - Prob. 104SECh. 4.18 - Prob. 105SECh. 4.18 - Prob. 106SECh. 4.18 - Refer to Exercise 4.106. Plot the sampling...Ch. 4.18 - Random samples of size 5, 20, and 80 are drawn...Ch. 4.18 - Prob. 109SECh. 4.18 - Suppose the probability that a major earthquake...Ch. 4.18 - Prob. 111SECh. 4.18 - Airlines overbook (sell more tickets than there...Ch. 4.18 - Prob. 113SECh. 4.18 - As part of a study to determine factors that may...
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