Many U.S. households still do not have Internet access. Suppose 20 out of 80 households in a small southern town do not have Internet access. A company that provides high-speed Internet has recently entered the market. As part of the marketing campaign, the company decides to randomly select ten households and offer them free laptops along with a brochure that
Many U.S. households still do not have Internet access. Suppose 20 out of 80 households in a small southern town do not have Internet access. A company that provides high-speed Internet has recently entered the market. As part of the marketing campaign, the company decides to randomly select ten households and offer them free laptops along with a brochure that describes their services. The aim is to build goodwill and, with a free laptop, tempt nonusers into getting Internet access.
a. What is the probability that six laptop recipients do not have Internet access?
b. What is the probability that at least five laptop recipients do not have Internet access?
c. What is the probability that two or fewer laptop recipients do not have Internet access?
d. What is the expected number of laptop recipients who do not have Internet access?
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...
a. What is the probability that six laptop recipients do not have Internet access?
b. What is the probability that at least five laptop recipients do not have Internet access?
c. What is the probability that two or fewer laptop recipients do not have Internet access?
d. What is the expected number of laptop recipients who do not have Internet access?
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...
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ISBN: 9780078020544