Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 4.5, Problem 39E
The prior
- a. Are A1 and A2 mutually exclusive? Explain.
- b. Compute P(A1 ∩ B) and P(A2 ∩ B).
- c. Compute P(B).
- d. Apply Bayes’ theorem to compute P(A1 ∣ B) and P(A2 ∣ B).
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A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $4500 and a standard deviation of $450. The company defines a "high-sales day" that is, any day with sales exceeding $4800. please provide a step by step on how to get the answers in excel
Q: What percentage of days can the company expect to have "high-sales days" or sales greater than $4800?
Q: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve)
Provide answers in the yellow cells
Chapter 4 Solutions
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Ch. 4.1 - 1. An experiment has three steps with three...Ch. 4.1 - 2. How many ways can three items be selected from...Ch. 4.1 - 3. How many permutations of three items can be...Ch. 4.1 - Prob. 4ECh. 4.1 - 5. Suppose an experiment has five equally likely...Ch. 4.1 - Prob. 6ECh. 4.1 - Prob. 7ECh. 4.1 - 8. In the city of Milford, applications for zoning...Ch. 4.1 - Prob. 9ECh. 4.1 - 10. The following table shows the percentage of...
Ch. 4.1 - Tri-State Smokers. A Gallup Poll of U.S. adults...Ch. 4.1 - 12. The Powerball lottery is played twice each...Ch. 4.1 - 13. A company that manufactures toothpaste is...Ch. 4.2 - 14. An experiment has four equally likely...Ch. 4.2 - 15. Consider the experiment of selecting a playing...Ch. 4.2 - 16. Consider the experiment of rolling a pair of...Ch. 4.2 - 17. Refer to the KP&L sample points and sample...Ch. 4.2 - Prob. 18ECh. 4.2 - 19. Do you think global warming will have an...Ch. 4.2 - 20. Junior Achievement USA and the Allstate...Ch. 4.2 - 21. Data on U.S. work-related fatalities by cause...Ch. 4.3 - 22. Suppose that we have a sample space with five...Ch. 4.3 - Prob. 23ECh. 4.3 - Prob. 24ECh. 4.3 - 25. The Eco Pulse survey from the marketing...Ch. 4.3 - Prob. 26ECh. 4.3 - Social Media Use. A marketing firm would like to...Ch. 4.3 - 28. A survey of magazine subscribers showed that...Ch. 4.3 - 29. High school seniors with strong academic...Ch. 4.4 - 30. Suppose that we have two events, A and B, with...Ch. 4.4 - 31. Assume that we have two events, A and B, that...Ch. 4.4 - Living with Family. Consider the following example...Ch. 4.4 -
Students taking the Graduate Management...Ch. 4.4 - Prob. 34ECh. 4.4 - 35. To better understand how husbands and wives...Ch. 4.4 - 36. Jamal Crawford of the National Basketball...Ch. 4.4 - 37. A joint survey by Parade magazine and Yahoo!...Ch. 4.4 - 38. The Institute for Higher Education Policy, a...Ch. 4.5 - 39. The prior probabilities for events A1 and A2...Ch. 4.5 - 40. The prior probabilities for events A1, A2, and...Ch. 4.5 - 41. A consulting firm submitted a bid for a large...Ch. 4.5 - Prob. 42ECh. 4.5 - 43. In August 2012, tropical storm Isaac formed in...Ch. 4.5 - Prob. 44ECh. 4.5 - 45. The percentage of adult users of the Internet...Ch. 4 - 46. A survey of adults aged 18 and older conducted...Ch. 4 - Prob. 47SECh. 4 -
Below are the results of a survey of 1364...Ch. 4 - 49. A study of 31,000 hospital admissions in New...Ch. 4 - 50. A telephone survey to determine viewer...Ch. 4 - 51. The U.S. Census Bureau serves as the leading...Ch. 4 - 52. An MBA new-matriculants survey provided the...Ch. 4 - Prob. 53SECh. 4 - 54. In February 2012, the Pew Internet & American...Ch. 4 - 55. A large consumer goods company ran a...Ch. 4 - Prob. 56SECh. 4 - 57. A company studied the number of lost-time...Ch. 4 - Prob. 58SECh. 4 - 59. An oil company purchased an option on land in...Ch. 4 - 60. The five most common words appearing in spam...Ch. 4 - Rob’s Market (RM) is a regional food store chain...
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