Question

A recent survey shows that 60% of the factory workers willing to work overtime without extra...

A recent survey shows that 60% of the factory workers willing to work overtime without extra pay as long as they are guaranteed job security and bonus at the end of the year. Fifteen factory workers are randomly selected, find (Use binomial formula):

(a) The mean and standard deviation of the number of workers who are willing to work overtime without extra pay.

(b) The probability that at least 13 workers are willing to work overtime without extra pay.

(c) The probability that 10 workers are unwilling to work overtime without extra pay.

(d) Explain why a binomial distribution is suitable for computing probabilities of the number of workers who are willing to work overtime without pay.

Homework Answers

Answer #1

Solution:
p(Success) = 0.6
P(Failure) = 0.4
No. of sample = 15
Solution(a)
mean = n*p = 15*0.6 = 9
Standard deviation = sqrt(npq) = sqrt(15*0.6*0.4) = sqrt(3.6) = 1.897
Solution(b)
P(X>=13) = P(X=13) +P(X=14) + P(X=15) = 15C13*(0.6)^13*(0.4)^2 + 15C14*(0.6)^14*(0.4)^1 + 15C13*(0.6)^13*(0.4)^0 = 0.0219+0.0047+0.00047 = 0.0271

Solution(c)
P(X=10 who are unwilling to work) = 15C10*(0.4)^10 *(0.6)^5 = 0.0245
Solution(d)

Because every worker is independent to each other and there is two type of responses like yes or no for this. so binomial distribution is suitable for computing probabilities of the number of workers who are willing to work overtime without pay.

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
Chinese Maker of Ivanka Trump’s Shoes Looks for Cheaper Labor By KEITH BRADSHER (Links to an...
Chinese Maker of Ivanka Trump’s Shoes Looks for Cheaper Labor By KEITH BRADSHER (Links to an external site.)Links to an external site., JUNE 1, 2017 DONGGUAN, China — The Chinese factory workers who make shoes for Ivanka Trump (Links to an external site.)Links to an external site. and other designers gather at 7:40 every morning to sing songs. Sometimes, they extol worker solidarity. Usually, they trumpet ties between China and Africa, the theme of their employer’s corporate anthem. That’s no...
Chinese Maker of Ivanka Trump’s Shoes Looks for Cheaper Labor By KEITH BRADSHER (Links to an...
Chinese Maker of Ivanka Trump’s Shoes Looks for Cheaper Labor By KEITH BRADSHER (Links to an external site.)Links to an external site., JUNE 1, 2017 DONGGUAN, China — The Chinese factory workers who make shoes for Ivanka Trump (Links to an external site.)Links to an external site. and other designers gather at 7:40 every morning to sing songs. Sometimes, they extol worker solidarity. Usually, they trumpet ties between China and Africa, the theme of their employer’s corporate anthem. That’s no...
Team 5 answer the questions What are 4 key things you learned about the topic from...
Team 5 answer the questions What are 4 key things you learned about the topic from reading their paper? How does the topic relate to you and your current or past job? Critique the paper in terms of the organization and quality. Incentive Systems             In this paper, we will focus primarily on financial rewards that companies use to attract, retain and motivate the brightest and most talented candidates in the labor market. By providing a reward system that...
please summrize this for me? as soon as possilbe. CNN)In June, Whitney Tomlinson felt nauseated at...
please summrize this for me? as soon as possilbe. CNN)In June, Whitney Tomlinson felt nauseated at work. She was pregnant at the time and was experiencing the condition commonly, and misleadingly, known as morning sickness. Hormone-induced nausea doesn't know what time of day it is. Tomlinson, a 30-year-old single mother and packer at a Walmart Distribution Center in Atlanta, told her supervisor that she wasn't feeling well. In response, he explained that in order for him to give her a...
In narrative essay format, I want you to address a business/organization case study using multiple concepts...
In narrative essay format, I want you to address a business/organization case study using multiple concepts from class. The case question and case text begin on page 5 of this document. You need to demonstrate their best understanding of management and organizational behavior theory, and the application of those ideas to improve the understanding of various issues. You need to clearly identify at least 3 distinct, substantive issues. For each issue you need to 1), identify evidence from the case...
Ben and Chris combined their love of hockey with a business venture. They purchased a small...
Ben and Chris combined their love of hockey with a business venture. They purchased a small portable cart and began selling hockey memorabilia outside of the hometown hockey arena. Their first year went well, but this past year has been a real struggle. Due to poor economic conditions including a loss of jobs, ticket sales at the arena are down, which has significantly hurt their sales as well. As a recent business school graduate, you explain to Ben and Chris:...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
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...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...