Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card)
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card)
6th Edition
ISBN: 9780357191484
Author: David R. Anderson; Dennis J. Sweeney; Thomas A. Williams
Publisher: Cengage Learning US
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Chapter 6.3, Problem 30E

Comcast Corporation is the largest cable television company, the second largest Internet service provider, and the fourth largest telephone service provider in the United States. Generally known for quality and reliable service, the company periodically experiences unexpected service interruptions. On January 14, 2014, such an interruption occurred for the Comcast customers living in southwest Florida. When customers called the Comcast office, a recorded message told them that the company was aware of the service outage and that it was anticipated that service would be restored in two hours. Assume that two hours is the mean time to do the repair and that the repair time has an exponential probability distribution.

  1. a. What is the probability that the cable service will be repaired in one hour or less?
  2. b. What is the probability that the repair will take between one hour and two hours?
  3. c. For a customer who calls the Comcast office at 1:00 p.m., what is the probability that the cable service will not be repaired by 5:00 p.m.?
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Comcast Corporation is the largest cable television company, the second largest Internet service provider, and the fourth largest telephone service provider in the United States. Generally known for quality and reliable service, the company periodically experiences unexpectedservice interruptions. On January 14, 2014, such an interruption occurred for the Comcastcustomers living in southwest Florida. when customers called the Comcast office, a recordedmessage told them that the company was aware of the service outage and that it was anticipated that service would be restored in two hours. Assume that two hours is the mean time todo the repair and that the repair time has an exponential probability distribution.a. what is the probability that the cable service will be repaired in one hour or less?b. what is the probability that the repair will take between one hour and two hours?c. For a customer who calls the Comcast office at 1:00 p.m., what is the probability thatthe cable service…
According to the website of the Lt. Governor of the State of Hawai'i, the state has the highest rate of homelessness per capita in the nation. Unfortunately, the state is also sometimes a target by the homeless from other states who try to get to Hawai'i for its perennial nice weather. Such people are identified and face either being arrested or given a free one-way ticket back to wherever they came from. At one homeless shelter in Hawai'i, there are 12 individuals from New York and 17 from Louisiana. Of these individuals, what is the probability that 7 individuals from New York and 12 from Louisiana accept to be given a free one-way ticket back to where they came from in order to avoid being arrested? Note: If your answer has up to four decimal places, please enter it in the box below without rounding the number. However, if your answer has more than four decimal places, please round your answer to four decimal places.
Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Best Buy, Inc. (BBY) is a leading retailer of consumer electronics and media products in the United States. Amazon and Best Buy compete in similar markets; however, Best Buy sells through both traditional retail stores and the Internet, while Amazon sells only through the Internet. Sales and accounts receivable information for both companies for a recent period follows (in millions):     Amazon   Best Buy Sales   $135,987   $39,528 Accounts receivable:          Beginning of year   5,654   1,280  End of year   8,339   1,162 a.  Determine the accounts receivable turnover for each company. Round all calculations to one decimal place.     Amazon   Best Buy Accounts Receivable Turnover   fill in the blank 1   fill in the blank 2   b.  Determine the number of days’ sales in receivables for each company. Use 365 days and round all calculations to one decimal place.     Amazon   Best Buy…

Chapter 6 Solutions

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card)

Ch. 6.2 - 11. Given that z is a standard normal random...Ch. 6.2 - 12. Given that z is a standard normal random...Ch. 6.2 - 13. Given that z is a standard normal random...Ch. 6.2 - Prob. 14ECh. 6.2 - Given that z is a standard normal random variable,...Ch. 6.2 - Given that z is a standard normal random variable,...Ch. 6.2 - The mean cost of domestic airfares in the United...Ch. 6.2 - The average return for large-cap domestic stock...Ch. 6.2 - Automobile Repair Costs. Automobile repair costs...Ch. 6.2 - Gasoline Prices. Suppose that the average price...Ch. 6.2 - Mensa Membership. A person must score in the upper...Ch. 6.2 - Television Viewing. Suppose that the mean daily...Ch. 6.2 - Time to Complete Final Exam. The time needed to...Ch. 6.2 - Labor Day Travel Costs. The American Automobile...Ch. 6.2 - New York City is the most expensive city in the...Ch. 6.3 - 32. Consider the following exponential probability...Ch. 6.3 - Prob. 27ECh. 6.3 - 34. Battery life between charges for the Motorola...Ch. 6.3 - 35. The time between arrivals of vehicles at a...Ch. 6.3 - 36. Comcast Corporation is the largest cable...Ch. 6.3 - 37. Wendy’s restaurant has been recognized for...Ch. 6.3 - 38. The Boston Fire Department receives 911 calls...Ch. 6 - 39. A business executive, transferred from Chicago...Ch. 6 - NCAA Scholarships. The NCAA estimates that the...Ch. 6 - Production Defects. Motorola used the normal...Ch. 6 - During early 2012, economic hardship was...Ch. 6 - The port of South Louisiana, located along 54...Ch. 6 - Service Contract Offer. Ward Doering Auto Sales is...Ch. 6 - Wedding Costs. The XO Group Inc. conducted a 2015...Ch. 6 - College Admissions Test Scores. Assume that the...Ch. 6 - College Graduates Starting Salaries. According to...Ch. 6 - 48. A machine fills containers with a particular...Ch. 6 - Prob. 43SECh. 6 - Prob. 44SECh. 6 - 53. Do you dislike waiting in line? Supermarket...Ch. 6 - 54. The time (in minutes) between telephone calls...
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