Question

- Research indicates that 2,118 out of 100,000 Americans live to age 100 or older. What is the probability of selecting an American at random and finding that he/she does not live to age 100?
- The Grand Theater uses teams of three to work the concession stand each evening. There are seven employees available to work each evening. What counting rule would allow use to figure out how many teams can be scheduled to staff the concession stand? Why?
- A trucking company has a 95% on time arrival rate. What is the probability of looking at this company’s last 50 deliveries and exactly 49 arrive on time?

Answer #1

1. P(living to age 100 or older) = 2118/ 100000 = 0.02118

P( not living to age of 100 or older) = 1- 0.02118 = 0.9788

2. 3 workers can be selected from 7 in 7C3 ways

To form the teams we use combinations rule as it shows how many different possible groups/ subsets can be made from larger set. We dont use permuations as the order of employees choosen does not matter.

3. P(arriving on time) = 0.95

P(x=49)

P(x=49) = 0.2025

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...

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...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 2 minutes ago

asked 2 minutes ago

asked 8 minutes ago

asked 22 minutes ago

asked 32 minutes ago

asked 32 minutes ago

asked 35 minutes ago

asked 50 minutes ago

asked 51 minutes ago

asked 53 minutes ago

asked 1 hour ago

asked 1 hour ago