Question

Use Z Table only (not Excel) The Bank of America Trends in Consumer Mobility Report indicates...

Use Z Table only (not Excel)

The Bank of America Trends in Consumer Mobility Report indicates that in a typical day, 51% of users of mobile phones use their phone at least once per hour, 26% use their phone a few times per day, 8% use their phone morning and evening, and 13% hardly ever use their phones. The remaining 2% indicated that they did not know how often they used their mobile phone (USA Today, July 7, 2014). Consider a sample of 150 mobile phone users.

a)What is the probability that at least 70 use their phone at least once per hour?

b)What is the probability that at least 75 but less than 80 use their phone at least once per hour?

c)What is the probability that less than 5 of the 150 phone users do not know how often they use their phone?

Homework Answers

Answer #1

a)

n= 150 p= 0.5100
here mean of distribution=μ=np= 76.50
and standard deviation σ=sqrt(np(1-p))= 6.12
for normal distribution z score =(X-μ)/σx
therefore from normal approximation of binomial distribution and continuity correction:

probability that at least 70 use their phone at least once per hour :

probability =P(X>69.5)=P(Z>(69.5-76.5)/6.122)=P(Z>-1.14)=1-P(Z<-1.14)=1-0.1271=0.8729

b)

probability =P(74.5<X<79.5)=P((74.5-76.5)/6.122)<Z<(79.5-76.5)/6.122)=P(-0.33<Z<0.49)=0.6879-0.3707=0.3172

c)

n= 150 p= 0.0200
here mean of distribution=μ=np= 3.00
and standard deviation σ=sqrt(np(1-p))= 1.71
probability =P(X<4.5)=(Z<(4.5-3)/1.715)=P(Z<0.87)=0.8078
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 consumer mobility report indicates that in a typical day, 51% of users of mobile phones...
A consumer mobility report indicates that in a typical day, 51% of users of mobile phones use their phone at least once per hour, 25% use their phone a few times per day, 8% use their phone morning and evening, and 12% hardly ever use their phones. The remaining 4% indicated that they did not know how often they used their mobile phone. Consider a sample of 180 mobile phone users. (a) What is the probability that at least 90...
Case stydy - customers Businesses of all sizes are finding Facebook, Twitter, and other social media...
Case stydy - customers Businesses of all sizes are finding Facebook, Twitter, and other social media to be powerful tools for engaging customers, amplifying product messages, discovering trends and influencers, building brand awareness, and taking action on customer requests and recommendations. Half of all Twitter users recommend products in their tweets. About 1.6 billion people use Facebook, and more than 30 million businesses have active brand pages, enabling users to interact with the brand through blogs, comment pages, contests, and...
CASE STUDY - Customers Businesses of all sizes are finding Facebook, Twitter, and other social media...
CASE STUDY - Customers Businesses of all sizes are finding Facebook, Twitter, and other social media to be powerful tools for engaging customers, amplifying product messages, discovering trends and influencers, building brand awareness, and taking action on customer requests and recommendations. Half of all Twitter users recommend products in their tweets. About 1.6 billion people use Facebook, and more than 30 million businesses have active brand pages, enabling users to interact with the brand through blogs, comment pages, contests, and...
Business Problem-Solving Case Walmart and Amazon Duke It Out for E-Commerce Supremacy Walmart is the world’s...
Business Problem-Solving Case Walmart and Amazon Duke It Out for E-Commerce Supremacy Walmart is the world’s largest and most successful retailer, with $487.5 billion in 2014 sales and nearly 11,000 stores worldwide, including more than 4,000 in the United States. Walmart has 2.2 million employees and ranks first on the Fortune 500 list of companies. Walmart had such a large and powerful selling machine that it really didn’t have any serious competitors—until now. Today, Walmart’s greatest threat is Amazon.com, often...
Wal-Mart Online Wal-Mart is one of the largest companies in America. It is definitely the largest...
Wal-Mart Online Wal-Mart is one of the largest companies in America. It is definitely the largest retailer, both in terms of the number of stores (8,970 worldwide in 2011) and the level of sales ($419 billion from the 2011 Annual Report). By pushing suppliers to continually reduce costs, Wal-Mart is known for pursuing low prices and the stores often attract customers solely in-terested in lower prices. With Wal-Mart’s expansion into groceries, the company has be-come the largest retail grocer in...
The Business Case for Agility “The battle is not always to the strongest, nor the race...
The Business Case for Agility “The battle is not always to the strongest, nor the race to the swiftest, but that’s the way to bet ’em!”  —C. Morgan Cofer In This Chapter This chapter discusses the business case for Agility, presenting six benefits for teams and the enterprise. It also describes a financial model that shows why incremental development works. Takeaways Agility is not just about the team. There are product-management, project-management, and technical issues beyond the team’s control. Lean-Agile provides...
Exploring Innovation in Action Power to the People – Lifeline Energy Trevor Baylis was quite a...
Exploring Innovation in Action Power to the People – Lifeline Energy Trevor Baylis was quite a swimmer in his youth, representing Britain at the age of 15. So it wasn’t entirely surprising that he ended up working for a swimming pool firm in Surrey before setting up his own company. He continued his swimming passion – working as a part-time TV stuntman doing underwater feats – but also followed an interest in inventing things. One of the projects he began...
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...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation....
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation. case:    W17400 APIGEE: PEOPLE MANAGEMENT PRACTICES AND THE CHALLENGE OF GROWTH Ranjeet Nambudiri, S. Ramnarayan, and Catherine Xavier wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT