Exercise 45 shows the results of a Gallup Poll about U.S. economic conditions. Suppose we select three
Question:
a) What is the probability that all three responded “Poor”?
b) What is the probability that none responded “Poor”?
c) What assumption did you make in computing these probabilities?
d) Explain why you think that assumption is reasonable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a P all 3 responded poor 039 039 039 0059 b P ...View the full answer
Answered By
Shem Ongek
I am a professional who has the highest levels of self-motivation. Additionally, I am always angled at ensuring that my clients get the best of the quality work possible within the deadline. Additionally, I write high quality business papers, generate quality feedback with more focus being on the accounting analysis. I additionally have helped various students here in the past with their research papers which made them move from the C grade to an A-grade. You can trust me 100% with your work and for sure I will handle your papers as if it were my assignment. That is the kind of professionalism that I swore to operate within. I think when rating the quality of my work, 98% of the students I work for always come back with more work which therefore makes me to be just the right person to handle your paper.
4.80+
174+ Reviews
426+ Question Solved
Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Question Posted:
Students also viewed these Statistics questions
-
Exercise 33 shows the results of a Gallup Poll about energy. Suppose we select three people at random from this sample. Response Number Oil, gas, coal .. 164 Wind and solar .. 312 Equally Important...
-
The output shows the results of a regression analysis to predict the father's education given the mother's education for a random sample of students at a two-year college. Assume that this sample is...
-
The histogram at right shows the results of a statewide math test given to eleventh graders. If Ramon scored 35, what is the range of his percentile ranking? Number of students in thousands)
-
Chuck, a single taxpayer, earns $86,000 in taxable income and $20,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an...
-
Gunnison Insurance has reported the following balance sheet (in thousands): All securities are selling at par equal to book value. The two-year notes are yielding 5 percent, and the 15-year munis are...
-
Let A and B denote n x n invertible matrices. (a) Show that A-1 + B-1 =A-l(A + B)B-l. (b) If A + B is also invertible, show that A-l + B-1 is invertible and find a formula for (A-1 + B-1)-1.
-
After construction of a relative frequency distribution summarizing the times that males spend each day thinking about females, what should be the sum of the relative frequencies?
-
Berdine has a basis of $32,000 in her partnership interest and receives land with an adjusted basis to the partnership of $78,000 in termination of her interest. (The partnership has no hot assets.)...
-
Suppose the economywide demand for money is given by: M= P(0.2Y-25,000). The price level Pequals 3, and real output Yequals 10,000. a. At what value should the Fed set the nominal money supply if it...
-
Mystic Herbals processes exotic plant materials into various fragrances and biological pastes used by perfume and cosmetic firms. One particular plant material, Xubonic root from the rain forest in...
-
A Gallup Poll in March 2013 ( www.gallup.com/poll/110821/gallup-daily-us-economic-conditions.aspx ) asked 1500 U.S. adults to rate economic conditions in the country today as excellent, good, only...
-
The General Social Survey, run annually, asked respondents Do you have in your home (or garage) any guns or revolvers? The responses are given in the table....
-
Find the third order Taylor polynomials for the following function. g(x) = 4x4 + x3 + 4x2 + 3x + 1 for x near 0.
-
Job order costing has normally been used by manufacturing companies, however, it is being utilized more frequently by professional service businesses . Please describe how a job order cost system can...
-
Consider two countries: a "developing/poor" country and a "rich/developed" country. The main difference between them is that the "rich/developed" country is on the technological frontier, while the...
-
The following information for Urbanski Corporation relates to the three months ending June 30, 2018: Units Price per unit Beginning inventory 11,000 $ 10 Purchases 75,000 $ 16 Sales 80,000 $ 25...
-
Could you illustrate six to eight bacteria and protists as observed in slides of pond water, detailing the magnification employed and specifying the division or phylum of each protist? Additionally,...
-
Chart of Entity Comparison Sole Proprietor Partnership C Corporation S Corporation LLC Legal Status Same entity as owner Separate entity from owner Separate entity from owner Separate entity from...
-
The article So Close, Yet So Far: Predictors of Attrition in College Seniors (Journal of College Student Development [1998]: 343348) examined the reasons that college seniors leave their college...
-
To balance the chemical equation SiH3 + O2 SiO2 + HO, you could introduce coefficients a, b, c, d and write aSiH3 + bO2 cSiO + dHO then write linear equations for each element. The equation for Si...
-
The Delta Wire Corporation was founded in 1978 in Clarksdale, Mississippi. The company manufactures high-carbon specialty steel wire for global markets and at present employs about 100 people. For...
-
Determine the value of the coefficient of correlation, r, for the followingdata. 4 7 7 8 1 3 2 XY
-
Determine the value of r for the followingdata. 4 7 7 8 1 3 2 XY
-
I. For each of the following functions, do the following: a. Determine if f is continuous at a. b. Determine if f is differentiable at a. 1. 5-6x if x3 f(x)=-4-x ifx>3 ; a=3 4. f(x)= x-9 if x <3 ;a=3...
-
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit Variable expense per unit Fixed expense per...
-
Consider the simplest complex constellations of 8-PSK and 16-PSK which sends symbols along both the I and Q components, as shown in Fig. 1. Let E denote the average transmit power, and 2 the variance...
Study smarter with the SolutionInn App