Question

A recent study revealed that 50% of business travelers plan their own business trips. The study...

  1. A recent study revealed that 50% of business travelers plan their own business trips. The study is to be replicated with a sample of 12 frequent business travels.
  1. What is the probability exactly 5 travelers plan their own trips?

  1. What is the probability 5 or fewer travelers plan their own trips?

  1. Calculate the expected value and the standard deviation.   

Homework Answers

Answer #1

pmf and cdf of x is given in following table

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
Holiday Inn Hotel Conducted a study of its business travelers who take trips of five nights...
Holiday Inn Hotel Conducted a study of its business travelers who take trips of five nights or more. They found that 47% of these individuals rate sightseeing as their most enjoyable activity. A sample of 120 business travelers who take trips of five nights or more is selected. Let ? be a random variable for the number of travelers out of the 120 sampled who rate sightseeing as their most enjoyable activity. (a) Name the probability distribution for ?. Identify...
A recent study of 33 Jackson County, Missouri residents revealed that they had lived at their...
A recent study of 33 Jackson County, Missouri residents revealed that they had lived at their current address for a mean of 19 years, with a sample standard deviation of 2.40 years. What is the population mean? What is the best estimate of the population mean? What is the standard error of the mean? Develop a 99.9% confidence interval for the population mean.
In a recent study, 35% of students surveyed said they do not plan on voting in...
In a recent study, 35% of students surveyed said they do not plan on voting in the next election. Suppose we select a sample of 10 people and ask them if they plan on voting. Summarize the possible outcomes of this survey in a probability distribution. How many of those in the sample would you expect to abstain from voting? What is the probability that exactly four in the sample say they will not be voting? What is the probability...
A recent survey of post-secondary education students revealed that 70% own an iPhone. Suppose a random...
A recent survey of post-secondary education students revealed that 70% own an iPhone. Suppose a random sample of 240 post-secondary students is taken. What is the probability that less than 162 students in the sample own an iPhone? a) 0.8023 b) 0.2033 c) 0.1977 d) 0.7967
A recent study of 16 Wayne residents revealed that they had lived at their current address...
A recent study of 16 Wayne residents revealed that they had lived at their current address for an average of 16 years. The standard deviation of the sample was 4 years. A 95% confidence interval for the population mean ranges from A,13.869, 18.131 B.16.869,17.869 C.17.131,18.131 D.14.121,20.245
3.   A recent survey by the American Accounting Association revealed 23 percent     of students graduating...
3.   A recent survey by the American Accounting Association revealed 23 percent     of students graduating with a major in accounting select public accounting. Suppose we select a sample of 15 recent graduates        (a) What is the probability five select public accounting?        (b) How many graduates on average (expected value) would you expect to select public accounting?        (c) Compute the variance and standard deviation (Use the short-cut formulas).
A recent study reported that for a sample of 50 kitchens with gas cooking appliances monitored...
A recent study reported that for a sample of 50 kitchens with gas cooking appliances monitored during a one-week period, the sample mean CO2 level (ppm) was 726.15, and the sample standard deviation was 133.56. a) Calculate and interpret 90%, 95% and 99% confidence interval for true average CO2 level in the population of all homes from which the sample was selected. b) Approximating population standard deviation with sample standard deviation, what sample size would be necessary to obtain an...
A study of a recent diet plan claimed that the amounts of weight lost by all...
A study of a recent diet plan claimed that the amounts of weight lost by all persons using the plan had a mean of 23.9 pounds and a standard deviation of 7.2 pounds. Random samples of size 54 are taken from persons using this plan. What would be the mean of the distribution of the sample means? Round to two decimal places, if necessary.
A recent study revealed the typically American coffee drinker consumers an average of 3.1 cups per...
A recent study revealed the typically American coffee drinker consumers an average of 3.1 cups per day. A sample of 12 senior citizens revealed they consumed the following amounts of coffee, reported in cups, yesterday. 3.5, 3.3, 3.5, 2.6, 2.7, 4.3, 4.0, 3.8, 3.1, 4.1, 3.1, 3.0 At the 0.05 significance level, do these sample data suggest there is a difference between the national average and the sample mean from senior citizens? - State the hypothesis testing. -What is the...
You plan to open your own wine business. The cost of plant, property and equipment is...
You plan to open your own wine business. The cost of plant, property and equipment is $500,000. You already have the money for the initial cost which you could invest at the same level of risk and expect to earn 10%. You think you can sell 1 million bottles/year at $1/per bottle. Your costs are $200,000/per year to keep the factory running plus $0.50/bottle produced. Your tax rate is 50% and you plan to operate this business for 5-years. You...