Question

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.

Homework Answers

Answer #1

TOPIC:Binomial distribution.

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 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
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.
Problem 15-9 (Algorithmic) Marty's Barber Shop has one barber. Customers have an arrival rate of 2.3...
Problem 15-9 (Algorithmic) Marty's Barber Shop has one barber. Customers have an arrival rate of 2.3 customers per hour, and haircuts are given with a service rate of 4 per hour. Use the Poisson arrivals and exponential service times model to answer the following questions: What is the probability that no units are in the system? If required, round your answer to four decimal places. P0 = What is the probability that one customer is receiving a haircut and no...
Problem 15-9 (Algorithmic) Marty's Barber Shop has one barber. Customers have an arrival rate of 2.2...
Problem 15-9 (Algorithmic) Marty's Barber Shop has one barber. Customers have an arrival rate of 2.2 customers per hour, and haircuts are given with a service rate of 4 per hour. Use the Poisson arrivals and exponential service times model to answer the following questions: What is the probability that no units are in the system? If required, round your answer to four decimal places. P0 = What is the probability that one customer is receiving a haircut and no...
Each of 15 refrigerators of a certain type has been returned to a distributor because of...
Each of 15 refrigerators of a certain type has been returned to a distributor because of an audible, high-pitched, oscillating noise when the refrigerators are running. Suppose that 12 of these refrigerators have a defective compressor and the other 3 have less serious problems. If the refrigerators are examined in random order, let X be the number among the first 11 examined that have a defective compressor. (a) Calculate P(X = 9) and P(X ≤ 9).  (Round your answers to four...
Sunshine Smoothies Company (SSC) manufactures and distributes smoothies. It is considering the introduction of a “weight...
Sunshine Smoothies Company (SSC) manufactures and distributes smoothies. It is considering the introduction of a “weight loss” smoothie. The project would require a $5 million investment outlay today (t = 0). The after-tax cash flows would depend on whether the weight loss smoothie is well received by consumers. There is a 30% chance that demand will be good, in which case the project will produce after-tax cash flows of $1 million at the end of each of the next 3...
Codger Corp. — Internal Controls Codger Corp. (CC or the “Company”) is a U.S. public company...
Codger Corp. — Internal Controls Codger Corp. (CC or the “Company”) is a U.S. public company that files quarterly andannual reports with the Securities and Exchange Commission (SEC). CC is a leading retail chain operating more than 100 department stores across the continental United States. CC department stores offer customers a variety of nationally advertised products, including clothing, shoes, jewelry, and other accessories. The Company’s supply chain ofproducts is managed through a single warehouse and distribution facility located in Kansas...
Orange County Chrome Company manufactures three chrome-plated products—automobile bumpers, valve covers, and wheels. These products are...
Orange County Chrome Company manufactures three chrome-plated products—automobile bumpers, valve covers, and wheels. These products are manufactured in two production departments (Stamping and Plating). The factory overhead for Orange County Chrome is $213,389. The three products consume both machine hours and direct labor hours in the two production departments as follows: Direct Labor Hours Machine Hours Stamping Department Automobile bumpers 558 803 Valve covers 295 557 Wheels 340 597 1,193 1,957 Plating Department Automobile bumpers 171 1,166 Valve covers 175...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT