Question

A public interest group hires students to solicit donations by telephone. After a brief training period...

A public interest group hires students to solicit donations by telephone. After a brief training period students make calls to potential donors and are paid on a commission basis. Experience indicates that early​ on, these students tend to have only modest success and that 60​% of them give up their jobs in their first two weeks of employment. The group hires 5 students, which can be viewed as a random sample.

What is the probability that at least 2 of the 5 will give up in the first two weeks?

What is the probability that at least 2 of the 5 will not give up in the first two weeks?

Homework Answers

Answer #1

a)
Here, n = 5, p = 0.6, (1 - p) = 0.4 and x = 2
As per binomial distribution formula P(X = x) = nCx * p^x * (1 - p)^(n - x)

We need to calculate P(X >= 2).
P(X >= 2) = (5C2 * 0.6^2 * 0.4^3) + (5C3 * 0.6^3 * 0.4^2) + (5C4 * 0.6^4 * 0.4^1) + (5C5 * 0.6^5 * 0.4^0)
P(X >= 2) = 0.2304 + 0.3456 + 0.2592 + 0.0778
P(X >= 2) = 0.9130

b)
Here, n = 5, p = 0.4, (1 - p) = 0.6 and x = 2
As per binomial distribution formula P(X = x) = nCx * p^x * (1 - p)^(n - x)

We need to calculate P(X >= 2).
P(X >= 2) = (5C2 * 0.4^2 * 0.6^3) + (5C3 * 0.4^3 * 0.6^2) + (5C4 * 0.4^4 * 0.6^1) + (5C5 * 0.4^5 * 0.6^0)
P(X >= 2) = 0.3456 + 0.2304 + 0.0768 + 0.0102
P(X >= 2) = 0.6630

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
A public interest group hires stu- dents to solicit donations by telephone. After a brief training...
A public interest group hires stu- dents to solicit donations by telephone. After a brief training period, students make calls to potential donors and are paid on a commission basis. Experience indicates that early on, these students tend to have only modest success and that 85% of them give up their jobs in their first two weeks of employment. The group hires 6 students, which can be viewed as a random sample. 1. What is the probability that at least...
Mini case: CHECKING IT OUT When Arlene Ryan inherited $250,000 from her grandfather, she decided to...
Mini case: CHECKING IT OUT When Arlene Ryan inherited $250,000 from her grandfather, she decided to use the money to start her own business. Arlene has been a legal secretary for 14 years and feels she knows quite a lot about business. “Every day I take depositions and type legal memoranda,” she noted to a friend. “And I’ve seen lots of businesses fail because they didn’t have adequate capital or proper management. Believe me, when you work for a law...
read Seasons of Love chapter:measuring a child's life after suicide. please answer the questions : reflect...
read Seasons of Love chapter:measuring a child's life after suicide. please answer the questions : reflect on what happens to the families when there is a suicide in the family, based on the Seasons of Love chapter...how should people be told? What details are best left unshared? below is the story These theories may have a certain face-validity, but they often neglect environmental or contextual factors that are innate to answering the question of “why” a person might engage in...
Organizing Organizing is an important task of managers. Once the organization’s goals and plans are in...
Organizing Organizing is an important task of managers. Once the organization’s goals and plans are in place, the organizing function sets in motion the process of seeing that those goals and plans are pursued. When managers organize, they’re defining what work needs to get done and creating a structure that enables work activities to be completed efficiently and effectively by organizational members hired to do that work. As Starbucks continues its global expansion and pursues innovative strategic initiatives, managers must...
DIRECTIONS: This is an open book, take home examination. You may look up the answers and...
DIRECTIONS: This is an open book, take home examination. You may look up the answers and discuss them, if you wish. The Multiple Choice questions will be worth 1 point each and the essay questions will be worth 25 points each. This examination is over Chapters 6 through 9. MULTIPLE CHOICE: 1. During Piaget's concrete operational stage, children a. are more egocentric than they were during the preoperational period. b. often confuse appearances with reality. c. are unable to reverse...
QUESTION 1 1. Brianna is trying to increase her chances of being promoted to vice president...
QUESTION 1 1. Brianna is trying to increase her chances of being promoted to vice president by working to build good work relationships with other managers outside her own department. Brianna's behavior should be viewed as dysfunctional politics. functional politics. coercive power. functional influence. 2 points QUESTION 2 1. The Gingerbread Factory has a separate unit that makes their chocolate crunch cookies and another unit that is completely responsible for all operations in producing their ginger snap cookies. The Gingerbread...
I need to answer the questions based on the following article The article is Although the...
I need to answer the questions based on the following article The article is Although the virus has delayed the budget until October, Treasurer Josh Frydenberg will deliver an update on the budget and – more importantly – the economy, within the next fortnight. But last week the secretary to the Treasury dropped some big hints on what to expect. In evidence to the Senate committee inquiring into the response to the virus, Dr Steven Kennedy started with the outlook...
Review the Robatelli's Pizzeria Case Study. Develop another internal controls system, but this time, in the...
Review the Robatelli's Pizzeria Case Study. Develop another internal controls system, but this time, in the purchases and fixed assets business areas. Prepare a 12- to 16-slide presentation describing the purchases and fixed assets business areas. Be sure to incorporate speaker notes as well as appropriate visuals, graphics, fonts, etc. Include any associated risk in these areas. Describe specific internal controls that include authorization of transactions, segregation of duties, adequate records and documentation, security of assets, and independent checks and...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT