Question

The Magazine Mass Marketing Company has received 16 entries in its latest sweepstakes. They know that...

The Magazine Mass Marketing Company has received 16 entries in its latest sweepstakes. They know that the probability of receiving a magazine subscription order with an entry form is 0.5. What is the probability that no less than 6 of the entry forms will include an order? Round your answer to four decimal places. Using TI-84 Calc

Homework Answers

Answer #1

Here we need use binomial CDF. Let X is a random variable shows the number of entry include an order. Here X has binomial distribution with parameters n=16 and p=0.5.

We need to find the probability .

To use TI 84 we need to find binomial CDF on calculator. First press 2nd, then vars and then goto binomial CDF as follow:

Press enter, and enter values as follows:

Press enter. Following is the output:

It gives you probability . That is

So the probability that no less than 6 of the entry forms will include an order is

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
The Magazine Mass Marketing Company has received 18 entries in its latest sweepstakes. They know that...
The Magazine Mass Marketing Company has received 18 entries in its latest sweepstakes. They know that the probability of receiving a magazine subscription order with an entry form is 0.5. What is the probability that no more than 5 of the entry forms will include an order? Round your answer to four decimal places.
The Magazine Mass Marketing Company has received 18 entries in its latest sweepstakes. They know that...
The Magazine Mass Marketing Company has received 18 entries in its latest sweepstakes. They know that the probability of receiving a magazine subscription order with an entry form is 0.5. What is the probability that no more than 5 of the entry forms will include an order? Round your answer to four decimal places.
The Magazine Mass Marketing Company has received 15 entries in its latest sweepstakes. They know that...
The Magazine Mass Marketing Company has received 15 entries in its latest sweepstakes. They know that the probability of receiving a magazine subscription order with an entry form is 0.4. What is the probability that more than a fifth of the entry forms will include an order? Round your answer to four decimal places.
The Magazine Mass Marketing Company has received 14 entries in its latest sweepstakes. They know that...
The Magazine Mass Marketing Company has received 14 entries in its latest sweepstakes. They know that the probability of receiving a magazine subscription order with an entry form is 0.3. What is the probability that exactly 8 of the entry forms will include an order? Round to three decimals and include leading zeros if necessary.
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how the firms resources incompetencies support the given pressures regarding costs and local responsiveness. Describe entry modes have they usually used, and whether they are appropriate for the given strategy. Any key issues in their global strategy? casestudy: Atlanta, June 17, 2014. Sea of Delta employees and their families swarmed between food trucks, amusement park booths, and entertainment venues that were scattered throughout what would...