A firm employing 100 workers has an average absenteeism rate of 4%. On a given day, what
Question:
A firm employing 100 workers has an average absenteeism rate of 4%. On a given day, what is the probability of (a) no workers, (b) one worker, (c) more than six workers being absent?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Recollect the following Binomial distribution PX k Cn k p k 1 p n k k 0 1 2 3 n Here p denotes the p...View the full answer
Answered By
Mallik Rao
I have great passion for mathematics subject. I love teaching math. Coming to my qualification I am a post graduate mathematics teacher with over 15 years of teaching experience. I have taught in different colleges to various levels of students. I have been tutoring mathematics subject privately at home to various students as a freelancer for various tutoring organizations. I treat my students as participants in learning not as a receivers of fixed body of knowledge. To be precise, my classes are more interactive and sure that you will get a happy experience and gain confidence in the subject and be motivated to learn the subject. Last but not the least, hard work has no substitute. So practice, practice and practice it only makes you perfect in math.
0.00
0 Reviews
10+ Question Solved
Related Book For
Statistics For Economics Accounting And Business Studies
ISBN: 978027368308
4th Edition
Authors: Michael Barrow
Question Posted:
Students also viewed these Mathematics questions
-
An ambulance service receives an average of 15 calls per day during the time period 6 p.m. to 6 a.m. for assistance. For any given day what is the probability that fewer than 10 calls will be...
-
A firms office contains 150 PCs. The probability that a given PC will not work on a given day is 0.05. a. On a given day what is the probability that exactly one computer will not be working? b. On a...
-
A Myrtle Beach resort hotel has 120 rooms. In the spring months, hotel room occupancy is approximately 75%. a. What is the probability that at least half of the rooms are occupied on a given day? b....
-
Look again at the financial forecasts for Growth-Tech given in Table 4.3. This time assume you know that the opportunity cost of capital is r = .12 (discard the .099 figure calculated in the text)....
-
Demand function. Given the demand function find the average price (in dollars) over the demand interval [400.600]. D(x) = 1000 p
-
Question 16 (1 point) Listen Today the common stock of Gresham Technology closed at $21.50 per share, down $0.32 from yesterday. The company has 3.8 million shares outstanding and annual earnings of...
-
Which of the following is not a way to develop a standard cost? a. By using a fixed rate that is higher every period. b. By performing time and motion studies. c. By analyzing past data. d. By using...
-
Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June: In addition,...
-
47. Based on its past collection experience, Ace Company provides for bad debts at the rate of 2 percent of net credit sales. On January 1, 2002, the allowance for doubtful accounts credit balance...
-
Salary is hypothesized to depend on educational qualification and occupation. To understand the dependency, the salaries of 40 individuals [SalaryData.csv] are collected and each person's educational...
-
An experienced invoice clerk makes an error once in every 100 invoices, on average. (a) What is the probability of finding a batch of 100 invoices without error? (b) What is the probability of...
-
This problem demonstrates the Central Limit Theorem at work. In your spreadsheet, use the =RAND() function to generate a random sample of 25 observations (I suggest entering this function in cells...
-
Joan, Stella, and Sue have agreed to form a partnership. For the original capital investment of $32,760, Sue agrees to contribute 20% more than Joan, and Joan agrees to contribute 20% more than...
-
Comparative Statement of Financial Position for 2 0 X 4 and 2 0 X 3 , a Statement of income for 2 0 X 4 , and additional information from the accounting records of Olaniyi Industries, are provided...
-
Provide your perspective on the Kelly v. United States. Discuss why you agree or disagree with the outcome, your reasoning, and support your perspective using supporting evidence in the form of...
-
Write the SQL statements that provide the following database functionality: Query 1. Write an SQL statement that correctly uses the 'LIKE' symbol on an alphanumeric field to select a subset of data....
-
Sales Variable costs Northeast Division $4,210,000 Competitor $2,610,000 70% of sales 60% of sales Fixed costs $1,074,000 $ 968,000 Invested capital $ 900,000 $ 304,000 Management has determined that...
-
Given the relation U below, use ordered pair notation to express the relation U o U. UoU {Ex: (a, b), (b, c) 1 a b U C 2 3
-
Duncan Bennett, a single parent, wants to leave his entire estate to his only child, Bonnie. He knows Bonnie is extravagant and often spends her money foolishly; therefore, he establishes a trust...
-
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
-
What is the probability that neither sibling is affected? Suppose that a disease is inherited via a sex-linked mode of inheritance. The implications of this mode of inheritance are that each male...
-
Answer Problem 3.40 for families with two male siblings? Suppose that a disease is inherited via a sex-linked mode of inheritance. The implications of this mode of inheritance are that each male...
-
Answer Problem 3.41 for families with two male siblings? Suppose that a disease is inherited via a sex-linked mode of inheritance. The implications of this mode of inheritance are that each male...
-
Question 66 of 75. All of the following are recorded on Schedule C, Profit or Loss from Business, EXCEPT: 0000 Expenses paid during the year. Gross receipts. Information on the taxpayer's vehicle....
-
When Tom's income decreases, he purchases more hamburgers. We can conclude that for Tom, hamburger is a ( n ) _ _ _ _ _ _ _ _ good. substitute complementary normal inferior
-
Incoterms clearly state which tasks, risks and _ _ _ _ _ _ _ _ are associated with the buyer and which are with the seller. A . Profits B . Costs C . Quantity of goods D . Quality of goods
Study smarter with the SolutionInn App