Islands Realty estimates that 5% of the families who inquire about time-share villas will purchase one. If
Question:
Islands Realty estimates that 5% of the families who inquire about time-share villas will purchase one. If this is true, what is the probability that no more than 20 of 500 families who inquire about time-share villas will make a purchase?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Yes normal app...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
One committee member was particularly enthusiastic concerning Joness proposal. He suggested that Hennessys perfoxrmance might benefit further from reduction in the number of issues to 10. If the...
-
The probability of no more than 20 people who want to see Roe v. Wade overturned A discrete random variable is given. Assume the probability of the random variable will be approximated using the...
-
A city has adopted the following plan for compensated time off: City employees are entitled to a specified number of days each year for holidays and vacation. The number depends on length of service...
-
(a) ABC is a company that manufactures computer desk. The total costs (in RM'000) when x units of computer desk are produced is given by C(x) = 12x 3 - 198x 2 + 1080x Find the level of x that the...
-
Table 6-12 on the textbook's Web site gives non seasonally adjusted quarterly data on the retail sales of hobby, toy, and game stores (in millions) for the period 1992:1 to 2008: II. Consider the...
-
2. For each of the following sets, sketch EO, E, and 8E. (a) E={(x,y):x2+4y2:::;1}. (b) E = {(x,y): x2 - 2X+y2 = O} u {(x,O): x E [2,3]}. ( c ) E = {( x, y) : y 2: x 2, 0 :::; y < I}. (d)...
-
What are the objectives of a physical distribution system? LO.1
-
One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, AL, CO, KS, and MT. Determine the missing amounts, identifying them...
-
Req 2-4: 1 Record pension expense. 2 Record any 2021 gain or loss for the difference in the actual return versus the expected return. 3 Record any 2021 gain or loss for the change in the assumption...
-
1. Are Kellermans calculations correct? These are the first items to verify. 2. Take a close look at the data using appropriate statistical methods. 3. Are Kellermans conclusions correct? If so, why...
-
Suppose that a particular Walgreens estimates that it will earn 10% of the printer ink business by offering an ink cartridge refill program. If the estimate is correct, what is the probability that...
-
The probability that a manufacturer produces defective faucets is 0.001. What is the expected number of defective faucets in a shipment of 3000?
-
Clare lives in France and earns $30,000 per year at her job. She is considering a job offer in the United States, which would give her a salary of $32,000 per year for the next 4 years, after which...
-
Task 2 In addition to the report produced for Task 1, the SMT have asked that you produce a short presentation, (minimum of 2 slides per bullet point), to help ensure that employees handle, store and...
-
Real solutions for x 2 = 5 ( x + 3 6 0 ) ?
-
1) Two-stage compressor with irreversibilities = You need to build a two-stage compression system with intercooling to increase the pressure of Argon (monatomic gas, constant specific heat) from pi...
-
A tightrope is connected at each end to a vertical tree trunk at a height of 1.57 meter above the ground. The two trees are located a distance 5.00 meters apart. At the midpoint of the tightrope, a...
-
A missing order occurs when a maximum of the two-slit diffraction pattern lines up with the minimum of the single slit diffraction pattern. Adjust the parameters of the simulation to create a...
-
The Browser Company purchases a computer in August 2020 for $12,000. Browser elects not to claim bonus depreciation and does not elect to expense the asset but wants to claim the maximum...
-
"Standard-cost procedures are particularly applicable to process-costing situations." Do you agree? Why?
-
If an FEV of less than 2.5 L is regarded as showing some functional impairment (occasional breathlessness, inability to climb stairs, etc.), then what is the probability that a currently smoking man...
-
Answer Problem 5.21 for a nonsmoking man? Some people are not functionally impaired now, but their pulmonary function usually declines with age and they eventually will be functionally impaired....
-
What is the probability that a 45-year-old man with an FEV of 4.0 L will be functionally impaired by age 75? Pulmonary Disease Forced expiratory volume (FEV) is an index of pulmonary function that...
-
please help Problem 13-7 (Algo) Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver...
-
A firm has 1000 shareholders, each of whom own $59 in shares. The firm uses $28000 to repurchase shares. What percentage of the firm did each of the remaining shareholders own before the repurchase,...
-
Vancouver Bank agrees to lend $ 180,000 to Surrey Corp. on November 1, 2020 and the company signs a six-month, 6% note maturing on May 1, 2021. Surrey Corp. follows IFRS and has a December 31 fiscal...
Study smarter with the SolutionInn App