Question

BINOMIAL PROBABILITIES Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In a recent sample of thirty randomly selected sales the number of returns was five. BBS is concerned about the event, and your advice is solicited. FOR 4 – 9, OPEN THE EXCEL EXAM TWO FILE. THE SPREADSHEET FOR THIS PROBLEM IS FOUND ON SHEET TWO. COMPLETE AND SAVE YOUR WORK IN EXCEL AND ENTER THE SOLUTIONS BELOW. (4) (2.5 points) What is the probability that a random sample of 30 sales has 5 returns? Type the answer and any work below.

Answer #1

BINOMIAL PROBABILITIES Big Box Store (BBS) has an annual rate of
4% of all sales being returned. In a recent sample of thirty
randomly selected sales the number of returns was five. BBS is
concerned about the event, and your advice is solicited. FOR 4 – 9,
OPEN THE EXCEL EXAM TWO FILE. THE SPREADSHEET FOR THIS PROBLEM IS
FOUND ON SHEET TWO. COMPLETE AND SAVE YOUR WORK IN EXCEL AND ENTER
THE SOLUTIONS BELOW. ((5) (2.5 points) What is...

BINOMIAL PROBABILITIES
Big Box Store (BBS) has an annual rate of 4% of all
sales being returned. In a recent sample of thirty randomly
selected sales the number of returns was five. BBS is concerned
about the event, and your advice is solicited.
(1) (5 points) How many returns are expected in a random
sample of 30 sales? What is the standard deviation for this sample?
How would you explain the number of expected
returns to BBS and not use...

Big Box Store (BBS) has an annual rate of 4% of all sales being
returned. In a recent sample of thirty randomly selected sales the
number of returns was five. BBS is concerned about the event, and
your advice is solicited.
(1) (5 points) How many returns are expected in a random sample
of 30 sales? What is the standard deviation for this sample? How
would you explain the number of expected
returns to BBS and not use a decimal?...

A sample of people were asked what was the usual way that they
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Uber
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25
12
15
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10
47
67
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32
33
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column and row totals.
(2) (5 points) What is the probability that a randomly selected
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Once upon a time, there was a gleaming headquarters
office tower in Houston, with a giant tilted "£"' in front, slowly
revolving in the Texas sun. The Enron Corporation, which once
ranked among...

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