# Question

Suppose that a marketing research firm sends questionnaires to two different companies. Based on historical evidence, the marketing research firm believes that each company, independently of the other, will return the questionnaire with probability 0.40.

a. What is the probability that both questionnaires are returned?

b. What is the probability that neither of the questionnaires is returned?

c. Now, suppose that this marketing research firm sends questionnaires to ten different companies. Assuming that each company, independently of the others, returns its completed questionnaire with probability 0.40, how do your answers to parts a and b change?

a. What is the probability that both questionnaires are returned?

b. What is the probability that neither of the questionnaires is returned?

c. Now, suppose that this marketing research firm sends questionnaires to ten different companies. Assuming that each company, independently of the others, returns its completed questionnaire with probability 0.40, how do your answers to parts a and b change?

## Answer to relevant Questions

Based on past sales experience, an appliance store stocks five window air conditioner units for the coming week. No orders for additional air conditioners will be made until next week. The weekly consumer demand for this ...The instructor of an introductory organizational behavior course believes that there might be a relationship between the number of writing assignments (X) she gives in the course and the final grades (Y) earned by students ...The return on a portfolio during a period is defined by PVend – Pvbeg / PVbegWhere PVbeg is the portfolio value at the beginning of a period and PVend is the portfolio value at the end of the period. Suppose there are two ...Suppose that 8% of all managers in a given company are African American, 13% are women, and 17% have earned an MBA degree from a top-10 graduate business school. Let A, B, and C is, respectively, the events that a randomly ...Have you ever watched the odds at a horse race? You might hear that the odds against a given horse winning are 9 to 1, meaning that the horse has a probability 1/(1 + 9) = 1/10 of winning. However, these odds, after being ...Post your question

0