Concept explainers
a.
Find the number of problems that is expected to be resolved today.
Find the standard deviation.
a.

Answer to Problem 23E
The number of problems that is expected to be resolved today is 10.5.
The standard deviation is 1.7748.
Explanation of Solution
Here, n=15; π=0.70.
The expected number of problems to be resolved today is calculated as follows:
Therefore, the expected number of problems to be resolved today is 10.5.
The standard deviation is calculated as follows:
Therefore, the standard deviation is 1.7748.
b.
Compute the
b.

Answer to Problem 23E
The probability that 10 of the problems can be resolved today is 0.2061.
Explanation of Solution
The formula to find the binomial probability is as follows:
The probability that 10 of the problems can be resolved today is calculated as follows:
Therefore, the probability that 10 of the problems can be resolved today is 0.2061.
c.
Compute the probability that 10 or 11 of the problems can be resolved today.
c.

Answer to Problem 23E
The probability that 10 or 11 of the problems can be resolved today is 0.4247.
Explanation of Solution
The probability that 10 or 11 of the problems can be resolved today is calculated as follows:
Therefore, the probability that 10 or 11 of the problems can be resolved today is 0.4247.
d.
Compute the probability that more than 10 of the problems can be resolved today.
d.

Answer to Problem 23E
The probability that more than 10 of the problems can be resolved today is 0.5154.
Explanation of Solution
The probability that more than 10 of the problems can be resolved today is calculated as follows:
Therefore, the probability that more than 10 of the problems can be resolved today is 0.5154.
Want to see more full solutions like this?
Chapter 6 Solutions
STATISTICAL TECHNIQUES FOR BUSINESS AND
- A marketing agency wants to determine whether different advertising platforms generate significantly different levels of customer engagement. The agency measures the average number of daily clicks on ads for three platforms: Social Media, Search Engines, and Email Campaigns. The agency collects data on daily clicks for each platform over a 10-day period and wants to test whether there is a statistically significant difference in the mean number of daily clicks among these platforms. Conduct ANOVA test. You can provide your answer by inserting a text box and the answer must include: also please provide a step by on getting the answers in excel Null hypothesis, Alternative hypothesis, Show answer (output table/summary table), and Conclusion based on the P value.arrow_forwardA 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 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 cellsarrow_forwardBusiness Discussarrow_forward
- The following data represent total ventilation measured in liters of air per minute per square meter of body area for two independent (and randomly chosen) samples. Analyze these data using the appropriate non-parametric hypothesis testarrow_forwardeach column represents before & after measurements on the same individual. Analyze with the appropriate non-parametric hypothesis test for a paired design.arrow_forwardShould you be confident in applying your regression equation to estimate the heart rate of a python at 35°C? Why or why not?arrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL



