Question

PLEASE ONLY USE EXCEL AND SHOW FORMULAS W/THE ARGUMENTS. Consider the probability that no more than...

PLEASE ONLY USE EXCEL AND SHOW FORMULAS W/THE ARGUMENTS.

Consider the probability that no more than 98 out of 125 DVDs will work correctly. Assume the probability that a given DVD will work correctly is 51%

.

Specify whether the normal curve can be used as an approximation to the binomial probability by verifying the necessary conditions.

PLEASE ONLY USE EXCEL AND SHOW FORMULAS W/THE ARGUMENTS. THANK YOU!

Homework Answers

Answer #1

Here n = 125

and p = 0.51

Let's check the following conditions that  the normal curve can be used as an approximation to the binomial probability

1) n*p >= 5

2) n*(1-p) > 5

1) n*p = 125*0.51 = 63.75 > 5

2) n*(1-p) = 125*0.49 = 61.25 > 5

Here both the conditions are satisfied,

So we can use normal curve can be used as an approximation to the binomial probability

Here we want to find ,the probability that no more than 98 out of 125 DVDs will work correctly.

Mathematically, P( X <= 98 )

Let's make continuity correction.

P( X <= 98 +0.5) = P( X < 98.5 )

Let's use excel:

The forrmulae used on the above excel-sheet are as follows:

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
PLEASE USE EXCEL FOR SOLUTION AND SHOW FORMULAS WITH ARGUMENTS!! Suppose ACT Reading scores are normally...
PLEASE USE EXCEL FOR SOLUTION AND SHOW FORMULAS WITH ARGUMENTS!! Suppose ACT Reading scores are normally distributed with a mean of 21.6 and a standard deviation of 6.3. A university plans to award scholarships to students whose scores are in the top 9%. What is the minimum score required for the scholarship? Round your answer to the nearest tenth, if necessary. PLEASE USE EXCEL AND SHOW FORMULAS W/ARGUMENTS. THANK YOU!
Consider the probability that more than 66 out of 125 students will not pass their college...
Consider the probability that more than 66 out of 125 students will not pass their college placement test. Assume the probability that a given student will not pass their college placement test is 1%. Specify whether the normal curve can be used as an approximation to the binomial probability by verifying the necessary conditions. Yes or No?
Consider the probability that at most 93 out of 127 students will pass their college placement...
Consider the probability that at most 93 out of 127 students will pass their college placement exams. Assume the probability that a given student will pass their college placement exam is 53%. Specify whether the normal curve can be used as an approximation to the binomial probability by verifying the necessary conditions. the answer will be in yes or no format
USE ONLY EXCEL FOR SOLUTION! The life of light bulbs is distributed normally. The standard deviation...
USE ONLY EXCEL FOR SOLUTION! The life of light bulbs is distributed normally. The standard deviation of the lifetime is 15 hours and the mean lifetime of a bulb is 590 hours. Using Excel, find the probability of a bulb lasting for at most 605 hours. Round your answer to four decimal places. PLEASE USE ONLY EXCEL AND SHOW FORMULAS USED IN SOLUTION. THANK YOU!
Show work through excel using formulas: but please actually show each step you use to do...
Show work through excel using formulas: but please actually show each step you use to do it on excel! 1. Assume you have taken out a balloon mortgage loan for $2,500,000 to finance the purchase of a commercial property. The loan has a term of 5 years, but amortizes over 25 years. Calculate the balloon payment at maturity (Year 5) if the interest rate on this loan is 4.5%. A. $5,637.99 B. $13, 895.82 C. $2,196,447.59 D. $2,495,479.19
PLEASE SOLVE IN EXCEL SHOW ALL WORK! MUST USE FORMULAS!! Thank you!! You are saving for...
PLEASE SOLVE IN EXCEL SHOW ALL WORK! MUST USE FORMULAS!! Thank you!! You are saving for retirement in 40 years. You deposit $20,000 in a bank account today that pays 3.5% interest, compounded semiannually. You leave those funds on deposit until you retire. You also contribute $5,000 a year to a pension plan for 20 years and then you stop making contributions to the fund. You leave your money in the pension fund until you retire. The pension plan grows...
Please use and show all formulas using excel. I cannot understand the answer if I can't...
Please use and show all formulas using excel. I cannot understand the answer if I can't see the formulas for each. Thank you very much. Common stock​ value: Constant growth   Seagate Technology is a global leader in data storage solutions and a​ high-yield dividend payer. From 2015 through 2019​, Seagate paid the following​per-share dividends: Year Dividend per share 2019 ​ $2.52 2018 2.25 2017 1.83 2016 1.19 2015 1.52 Assume that the historical annual growth rate of Seagate dividends is...
Please show the work in excel be sure to use appropriate formulas to solve each exercise...
Please show the work in excel be sure to use appropriate formulas to solve each exercise or problem. A1 If you deposit $12,000 in a bank account that pays 10% interest annually, how much will be in your account after 7 years? A2.    What is the present value of a security that will pay $10,000 in 20 years at an interest rate of 8%? A3.                 Find the future value of the following ordinary annuities: $600 per year for...
Please show formulas in excel Do heavier cars really use more gasoline? Suppose a car is...
Please show formulas in excel Do heavier cars really use more gasoline? Suppose a car is chosen at random. Let x be the weight of the car (in hundreds of pounds), and let y be the miles per gallon (mpg). x 29 46 33 47 23 40 34 52 y 29 22 24 13 29 17 21 14 Complete parts (a) through (e), given Σx = 304, Σy = 169, Σx2 = 12,244, Σy2 = 3837, Σxy = 6045, and...
*** Please show excel formulas, thanks *** Babaloo leather company produces briefcases from leather, fabric, and...
*** Please show excel formulas, thanks *** Babaloo leather company produces briefcases from leather, fabric, and synthetic materials in a single production department. The basic product is a standard briefcase made from leather and lined with fabric. Babaloo has a good reputation in the market because the standard briefcase is a high-quality item that has been produced for many years. Last year, the company decided to expand its product line and produce specialty briefcases for special orders. These briefcases differ...