Question: In experimental studies, the U.S. Postal Service has found that the probability that a piece of advertising is opened and read is 78%. A business

In experimental studies, the U.S. Postal Service has found that the probability that a piece of advertising is opened and read is 78%. A business sends out 15,000 pieces of advertising. How many of these can the company expect to be opened and read?

Step by Step Solution

★★★★★

3.39 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The company can expect 78 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

864-L-A-L-S (1228).docx

120 KBs Word File

Students Have Also Explored These Related Linear Algebra Questions!

The number of pieces of mail delivered by the U.S. Postal Service has been in steady decline since it hit a peak in 2006 with 213.1 billion. Data in the Excel file postal service.xlsx show the number...

The U.S. Postal Service will ship a Priority Mail Large Flat Rate Box (120 3 120 3 5 1 / 2 0) anywhere in the United States for a fixed price, regardless of weight. The weights (ounces) of 20...

The U. S. Postal Service is concerned with the time it takes to deliver mail. It would like not only to deliver mail as quickly as possible but also to have as little variation as possible. Twenty...

B learnumucedu 1. There are 114,900,000 homes w1th at least one television in the US monitored by Nielsen Media Research. For this years' Superbowl 2018, 19,400,000 turned on the Patriots - Eagles...

There are five (5) problems in this fourth Quiz. Please show all your work, as your method is as important as your solution. Please use a keyboard or editor where possible. 1. There are 114,900,000...

Math 106 - 17 February 2017 Finite Mathematics Quiz 5 There are five (5) problems in this fourth Quiz. Please show all your work, as your method is as important as your solution. Please return the...

4 Files 12:47 PM Mon May 16 Insert Draw Layout Review View Unit 3Microec0nomics Name: ELASTICITY Use the space below to take notes during class. Elastic: Unit Elastic: Inelastic: Perfect...

There are four management functions: Culture, Planning, Strategy, and Control. For each of the four management functions. Provide one specific example from the UPS case and explain how it relates to...

Planning and Control A) Provide brief definitions of the terms planning and control b) Describe the relationship (or link) between the planning and control functions; describe in detail this...

FINAL TAKEHOME EXAMINATION Papers are due before 11:59p.m. on Friday June 27th. Papers will be submitted via a Turnitin link provided on eClass. USING PROPER ESSAY FORMAT, PLEASE ANSWER ONE OF THE...

Bonita de Fabio is a 29-year-old consultant physiotherapist who works for several major sporting clubs. For the 2020-2021 financial year, her gross income from her consulting activities was $125,975....

You borrow $216,366 and set it up to pay it back with 3 annual payments, plus 4% interest on the remaining loan balance. The loan is amortized under the equal principal payment plan. How much would...

When do you need to gather data at different levels?

Effect of an outlier. In Exercise 11.50 (page 563), we identified a movie that had much higher revenue than predicted. Remove this movie and repeat the previous exercise. Does the removal of this...

According to Mrs. Randolph's will, each of her great-grandchildren living in Georgia received $700 more than each of her great-grandchildren living in Florida. In all, $206,100 was divided between 36...

A 30°-60°-90° triangle and a 45°-45°-90° triangle are two drafting tools used by people in careers such as engineering, architecture, and drafting. The angles in both triangle...

Rudy is renting a cabin on Lake Tahoe. He wants to make a recipe for hot chocolate that calls for 1 cup of milk. Unfortunately, the cabin is not well stocked, and he has only a 1-gallon container of...

Charleston Corporation ( CC ) now operates as a "regular" corporation, but it is considering a switch to S Corporation status. CC is owned by 1 0 0 stockholders who each hold 1 % of the stock, and...

The management of a conservative firm has adopted a policy of never letting debt exceed 40 percent of total financing. The firm will earn $16,000,000 but distribute 40 percent in dividends, so the...

Internal rate of return and modified internal rate of return: For the project shown in the following table poctured below. calculate the internal rate of return (IRR) and modified internal rate of...