Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 20, 2024

10.A cruise ship has a 74% chance of having leftover rooms when sailing. There are 25 cruise ships setting sail this month. a)Is it possible

10.A cruise ship has a 74% chance of having leftover rooms when sailing. There are 25 cruise ships setting sail this month.

a)Is it possible to approximate this binomial distribution using a normal approximation? Why?

b) What is the mean and the standard deviation for this approximation?

c) What is the probability that EXACTLY 20 cruise ships will have leftover rooms?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Interest Theory

Authors: Leslie Jane, James Daniel, Federer Vaaler

3rd Edition

147046568X, 978-1470465681

Students also viewed these Mathematics questions

Question

★★★★★

In the radar system of Example 11.4, show that the ROC in Figure 11.2 is the result of a Neyman-Pearson test. That is, show that the Neyman-Pearson test is a threshold test with acceptance set A0 =...

Answered: 1 week ago

Question

★★★★★

Genna Cross, a full-time student at Kirby University, is employed by The Boot Shop as a salesperson. Her hourly rate is $5.25. One week, Cross worked 33 hours. a. Cross's earnings for the week are...

Answered: 1 week ago

Question

★★★★★

2.8 Tuna Fish A quick survey gives the price-an estimated average for a 170-gram can-for 14 different brands of water-packed light tuna, based on prices paid nationally in supermarkets: a. Find the...

Answered: 1 week ago

Question

★★★★★

On January 1, 2010, the balance in Kubera Co.s Allowance for Bad Debts account was $9,720. During the year, a total of $23,900 of delinquent accounts receivable was written off as bad debts. The...

Answered: 1 week ago

Question

★★★★★

For securities comprising the "free cash" segment of a firm's portfolio, yield is a primary concern. O True False

Answered: 1 week ago

Question

★★★★★

A 0.65 kg red wagon traveling to the right with a velocity of 3.39 m/s collided with a stationary blue wagon in

Answered: 1 week ago

Question

★★★★★

5. An outside manufacturer has offered to produce 86,000 Daks and ship them directly to Andretti's customers. If Andretti Company accepts this offer, the facilities that it uses to produce Daks would...

Answered: 1 week ago

Question

★★★★★

Howard is in the 33% tax bracket, so his after-tax profit is 67% of his before-tax profit. He invests $10,000 in a certain stock, whose annual return is normally distributed with mean 5% and standard...

Answered: 1 week ago

Question

★★★★★

Hardyke Group operates a local after-school recreation and activities program. The Education Department is a state governmental agency. Hardyke has an agreement with the Department to provide...

Answered: 1 week ago

Question

★★★★★

C TBM aw 2 Exercise 16-38 (Static) Flexible Budget (LO 16-2) 52 nts Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company...

Answered: 1 week ago

Question

★★★★★

Abercrombie & Fitch Co.-Transactions and Financial Statements Abercrombie & Fitch Co., a Delaware corporation, is principally engaged in the purchase, distribution and sale of men's, women's and...

Answered: 1 week ago

Question

★★★★★

The scenario facts 'Big Bikkies' is a chain of three cafes and a separate corporate office in Melbourne, Victoria.The business is highly regarded for their exquisite biscuits made on the premises and...

Answered: 1 week ago

Previous Question Next Question