The leading brand of toothpaste has a 5% market share. a. A sample of 15 customers is
Question:
a. A sample of 15 customers is taken. What is the probability that three or fewer of them use the leading brand of toothpaste?
b. A sample of four customers is selected. What is the probability that two of them use the leading brand of toothpaste?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
In this case sampling is without replacement but we assume there are tho...View the full answer
Answered By
Navashree Ghosh
I believe in quality work and customer satisfaction. So, I can assure you that you will get quality work from me when you hire me. Let's work together and build a long-term association.
4.90+
82+ Reviews
116+ Question Solved
Related Book For
Analyzing Data And Making Decisions Statistics For Business Microsoft Excel 2010 Updated
ISBN: 9780132924962
2nd Edition
Authors: Judith Skuce
Question Posted:
Students also viewed these Statistics questions
-
a. What is the probability that three or fewer of the winners will be women? b. What is the probability that three of the winners will be of one gender and two of the winners will be of the other...
-
The leading brand of dishwasher detergent has a 30% market share. A sample of 25 dishwasher detergent customers was taken. a. What is the probability that 10 or fewer customers chose the leading...
-
The leading brand of dishwasher detergent has a 30% market share. A sample of 25 dishwasher detergent customers was taken. What is the probability that 10 or fewer customers chose the leading brand?
-
The following selected financial information was obtained from the 2012 financial reports of Robotranics, Inc. and Technology, Limited: Assume that total assets, total liabilities, and total...
-
a. In chapter 1, we listed fi ve different kinds of risks that were considered important by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions....
-
The company chosen: A catering business called Honey Bun! Describe the chosen company above, including its structure, operations, industry, and overall competitive market. Explain at least three ways...
-
What is the use of a context diagram?
-
Kurts Hardware Store advertises and sells snow blowers each season. The following table provides the annual demand, level of advertising, in dollars, and snowfall, in inches, for the past eight...
-
Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative...
-
Forrest runs Y Not Flowers, Inc. (YNF), a wholesale flower distributor with stores in several major metropolitan areas of the U.S. He is considering expanding his business, but he thinks his current...
-
The marks in an economics class are normally distributed, with a mean of 65% and a standard deviation of 12%. a. What percentage of the class passed (that is, received a mark of 50% or higher)? b....
-
The number of pages printed before the ink cartridge has to be replaced on an inkjet printer is normally distributed, with a mean of 840 pages and a standard deviation of 224 pages. A new print...
-
Identify each of the equations as representing either a circle, a parabola, an ellipse, a hyperbola, or none of these. 36x 2 = 12y(1 3y) + 1
-
Identify the population and the sample in the experiment described below. A survey of nearly 500 college students from across the United States shows that the average credit card debt of college...
-
Sarafina and Donald have been married for 8 years and have 4 children together. However, their marriage started experiencing some matrimonial problems which resulted in her filing for a divorce....
-
The regular price of a photograph printed on a canvas is $18. You have a coupon for 15% off. How much is the discount?
-
What are the implications of social influence and conformity on individual decision-making processes within group settings, and how do these phenomena shape collective behaviors and societal norms?
-
A project will cost $56,000 today and is forecasted to earn an inflow of $6,000 during the first year, followed by 8 annual cash flows of $12,000 thereafter. Cost of capital is 9.8% . What is this...
-
Maura Hatton is a payroll accountant with Scottish Traders Inc. One of her colleagues poses a question about the legality of the deduction for Social Security tax from her pay. What should Maura tell...
-
6 (a) Briefly develop a mathematical model of the behaviour of a copper-twisted pair cable (b) Derive the magnetic energy from: w given that: K + w, where the - - k symbols have their usual meaning...
-
In the smoking/drinking example in this section, we used the function COUNTIFS function (new to Excel 2007) to find the counts of the joint categories. Without using this function (or pivot tables),...
-
Recall that the file Baseball Salaries 2009 Extra.xlsx contains data on 818 Major League Baseball (MLB) players during the 2009 season. Use StatTools to find the mean, median, standard deviation, and...
-
The file S02_07.xlsx includes data on 204 employees at the (fictional) company Beta Technologies. Use StatTools to find the mean, median, and standard deviation of Annual Salary, broken down by each...
-
E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB...
-
Required information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company....
-
Question 1 Vieux Enterprise's total overhead costs at various levels of activity follow: Month Machine- Hours Total Overhead Costs April 70,000 $198,000 May 100,000 270,000 June 80,000 222,000 July...
Study smarter with the SolutionInn App