The Zimmerman Agency conducted a study for Residence Inn by Marriott of business travelers who take trips of five nights or more. According to this study, 37% of these travelers enjoy sightseeing more than any other activity that they do not get to do as much at home. Suppose 120 randomly selected business travelers who take trips of five nights or more are contacted. What is the probability that fewer than 40 enjoy sightseeing more than any other activity that they do not get to do as much at home?
Answer to relevant QuestionsOne study on managers’ satisfaction with management tools reveals that 59% of all managers use self-directed work teams as a management tool. Suppose 70 managers selected randomly in the United States are interviewed. What ...Determine the mean and standard deviation of the following exponential distributions.a. λ = 3.25b. λ = 0.7c. λ = 1.1d. λ = 6.0During the dry month of August, one U.S. city has measurable rain on average only two days per month. If the arrival of rainy days is Poisson distributed in this city during the month of August, what is the average number of ...According to an NRF survey conducted by BIG research, the average family spends about $237 on electronics (computers, cell phones, etc.) in back-to-college spending per student. Suppose back-to-college family spending on ...The Conference Board published information on why companies expect to increase the number of part-time jobs and reduce full-time positions. Eighty-one percent of the companies said the reason was to get a flexible workforce. ...
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