The retail chain from the previous exercise decides to follow up its first ad with a second
Question:
The retail chain from the previous exercise decides to follow up its first ad with a second one, again to 15 million Facebook users. This time it gives away a $1 online credit for every user who likes the ad. Now, assume the probability is 0.0005 that a user will like it.
a. Find the mean and standard deviation for the number of likes this second ad will receive.
b. Find the interval for the possible number of likes that covers almost all possible values, using the normal approximation.
c. How much money would you advise the retail company to set aside for covering these $1 online credits? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
a b Almost all values will fall within 3 standard deviations of t...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321997838
4th Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Question Posted:
Students also viewed these Mathematics questions
-
The paper referenced in the previous exercise also gave the following underscoring pattern for men. a. Write a few sentences interpreting this underscoring pattern. b. Using your answers from Part...
-
The unexplained variation for Model 1 of the previous exercise is .3936. If we set both 5 and 6 in this model equal to 0 (that is, if we eliminate the dummy variable portion of this model), the...
-
The survey referenced in the previous exercise was conducted by Robert Half Technology. This company issued a press release (WhistleBut Dont Tweet While You Work, www.roberthalftechnology.com,...
-
Corporation Growth has $83,000 in taxable income, and Corporation Income has $8,300,000 in taxable income. (Refer to Table 2.3) What is the tax bill for each firm? Suppose both firms have identified...
-
1. What is the present value of? a. $7900 in 10 years at 11 percent b. 16600 in 5 years at 9 percent c. $26000 in 14 years at 6 percent 2. What is the present value of $140,000 to be received after...
-
The Tire Rack, America's leading online distributor of tires and wheels, conducts extensive testing to provide customers with products that are right for their vehicle, driving style, and conditions...
-
In a randomly selected sample of women ages 20 34, the mean total cholesterol level is 179 milligrams per deciliter with a standard deviation of 38.9 milligrams per deciliter. Assume the total...
-
The CPA firm of Quigley & Associates uses a qualitative approach to implementing the audit risk model. Audit risk is categorized using two terms: very low and low. The risk of material misstatement...
-
Structures Limited is a foreign based business. It designs, makes and sells prefabricated building installations. To invest in the rapidly expanding South Pacific construction industry, it appoints...
-
1. Using the spreadsheet model from Case 2.1 as a starting point, use Solver to find the optimal set of projects to approve. The solution should maximize the total NPV from the approved projects, and...
-
A large retail chain sends out an ad about a new product to 15 million users on Facebook and asks them to like the message. Assume the probability that a user will like the message (instead of...
-
Example 2 gave the probability distribution for the number of games played in a best out of seven series between teams A and B. Lets derive the probability distribution for a best of five series, in...
-
At the beginning of compression in a diesel cycle, T = 540 R, P = 30 lbf/in. 2 , and the state after combustion (heat addition) is 2600 R and 1000 lbf/in. 2 . Find the compression ratio, the thermal...
-
Everything about an Accountant Tax Specialty You must determine what your expected or desired entry-level job will be upon graduation and typical salary ranges for that job title. There are many...
-
In a triangle, the side lengths are (a = 8), (b = 12), and the included angle is (60^\circ). Calculate the length of the third side using both the sine and cosine laws.
-
2. A sky diver jumps from a plane at an altitude of 20km, where the temperature is around -20 C. After an initial acceleration period (which you can ignore), they fall through the air at a constant...
-
Solve the quadratic equation (z^2 + 4z + 13 = 0) for complex roots. Express the solutions in the form (a + bi), where (a) and (b) are real numbers.
-
(A) Explain hold-out and 10-fold CV and their strengths and possible weaknesses. (B) Explain the overfitting problem. (C) Explain random forest method and how it can improve upon the standard...
-
A block of wood (M block = 5.2 kg) rests on a horizontal surface for which the coefficient of kinetic friction is 0.28. A bullet (m bullet = 32 g) is shot along the horizontal direction and quickly...
-
Apply Jacobis method to the given system. Take the zero vector as the initial approximation and work with four-significant-digit accuracy until two successive iterates agree within 0.001 in each...
-
Suppose you fit a straight-line regression model to y = amount of time sleeping per day and x = age of subject. Values of y in the sample tend to be quite large for young children and for elderly...
-
Suppose you fit a straight-line regression model to x = age of subjects and y = driving accident rate. Sketch what you would expect to observe for (a) The scatterplot of x and y and (b) A plot of the...
-
The College Athletes data set on the text CD comes from a study of University of Georgia female athletes. The response variable BP = maximum bench press (1RM in data set) has explanatory variables...
-
A project that costs $4,450 to install will provide annual cash flows of $1,500 for each of the next 6 years. a. What is NPV if the discount rate is 11%? b. How high can the discount rate be before...
-
Prove MM1: Both Umbrella Inc. and Prixxa Inc. produce $300,000 of cash flow each year. Umbrella has no debt outstanding, and its cost of equity capital is 14 percent. But Prixxa has 1,000,000 depts...
-
How did they find the over head rate percentages for current year and last year? A job order cost sheet for Cullumber Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct...
Study smarter with the SolutionInn App