Business Analytics
3rd Edition
ISBN: 9780135231715
Author: Evans
Publisher: PEARSON
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Chapter 5, Problem 17PE
a.
To determine
To find: The
b.
To determine
To find: The probability that respondent drives an SUV.
c.
To determine
To find: The probability that respondent is a male and drives minivan.
d.
To determine
To find: The probability that female respondent is a male either drives a truck on an SUV
e.
To determine
To find: The probability that individual is female given she drives a car.
f.
To determine
To find: The probability that individual drives an SUV given she individual is male.
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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 5 Solutions
Business Analytics
Ch. 5 - Lauren drinks a variety of soft drinks. Over the...Ch. 5 - A home improvement company in Cincinnati ran a...Ch. 5 - Consider the experiment of drawing two cards...Ch. 5 - Three coins are drop on a table. List all possible...Ch. 5 - A market research company surveyed consumers to...Ch. 5 - Refer to the card scenario described in Problem 3....Ch. 5 - Refer to the coin scenario described in Problem 4....Ch. 5 - Prob. 8PECh. 5 - Prob. 9PECh. 5 - An airline tracks data on its flight arrivals....
Ch. 5 - A survey of 200 college graduates who have been...Ch. 5 - Prob. 12PECh. 5 - A survey of shopping habits found the percentage...Ch. 5 - A Canadian business school summarized the gender...Ch. 5 - Prob. 15PECh. 5 - Use the Civilian Labor Force data in the Excel...Ch. 5 - Prob. 17PECh. 5 - A home pregnancy test is not always accurate....Ch. 5 - In the scenario in Problem 3, what is the...Ch. 5 - In the roulette example described in Problem 8,...Ch. 5 - Prob. 21PECh. 5 - An investor estimates that there is a 1in10 chance...Ch. 5 - The weekly demand of a slow-moving product has the...Ch. 5 - Construct the probability distribution for the...Ch. 5 - Based on the data in the Excel file Consumer...Ch. 5 - A major application of analytics in marketing is...Ch. 5 - The Excel file Call Center Data shows that in a...Ch. 5 - If a cell phone company conducted a telemarketing...Ch. 5 - During one year, a particular mutual fund...Ch. 5 - A popular resort hotel has 300 rooms and is...Ch. 5 - A telephone call center where people place...Ch. 5 - A financial consultant has an average of eight...Ch. 5 - The number and frequency of Atlantic hurricanes...Ch. 5 - Prob. 34PECh. 5 - Prob. 35PECh. 5 - Prob. 36PECh. 5 - In determining automobile mileage ratings, it was...Ch. 5 - The distribution of SAT scores in math for an...Ch. 5 - A popular soft drink is sold in 2-liter...Ch. 5 - A supplier contract calls for a key dimension of a...Ch. 5 - Historical data show that customers who download...Ch. 5 - A lightbulb is warranted to last for 5,000 hours....Ch. 5 - The actual delivery time from Giodannis Pizza is...Ch. 5 - Apply the chi-square goodness of fit test to the...Ch. 5 - Apply the chi-square goodness of fit test to the...Ch. 5 - Compute the daily change of the closing price for...
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- Find the critical value for a left-tailed test using the F distribution with a 0.025, degrees of freedom in the numerator=12, and degrees of freedom in the denominator = 50. A portion of the table of critical values of the F-distribution is provided. Click the icon to view the partial table of critical values of the F-distribution. What is the critical value? (Round to two decimal places as needed.)arrow_forwardA retail store manager claims that the average daily sales of the store are $1,500. You aim to test whether the actual average daily sales differ significantly from this claimed value. You can provide your answer by inserting a text box and the answer must include: Null hypothesis, Alternative hypothesis, Show answer (output table/summary table), and Conclusion based on the P value. Showing the calculation is a must. If calculation is missing,so please provide a step by step on the answers Numerical answers in the yellow cellsarrow_forwardShow all workarrow_forward
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