Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. [4 marks] An Internet server conducted a study on 225 of its customers and found that the average amount spent online was 12.5 hours

image text in transcribed
5. [4 marks] An Internet server conducted a study on 225 of its customers and found that the average amount spent online was 12.5 hours per week with a standard deviation of 5.4 hours. Construct a 95% confidence interval for the average online time for all users of this particular Internet server. 6. [4 marks] A salesperson has found that the probability of making a sale on a particular product manufactured by him or her company is .05. If the salesperson contacts 140 potential customers, what is the probability he or she will sell at least 2 of these products? Use and justify Poisson approximation to Binomial. 7. [ 4 marks] A firm with many traveling salespersons decides to chock the salesper- sons travel expenses to see if they are correctly reported. An auditor for the firm selects 200 expense reports at random to audit. What is the probability that more than 40 of these 200 sampled reports will be incorrect when, in fact, only 10% of the firm's reports are improperly documented. Use and justify normal approximation to binomial

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

A Short Course In Automorphic Functions

Authors: Joseph Lehner

1st Edition

0486799921, 9780486799926

More Books

Students also viewed these Mathematics questions

Question

What does the coefficient of determination measure?

Answered: 1 week ago

Question

Explain recruiting technology.

Answered: 1 week ago

Question

Define and operationalize types of employment discrimination.

Answered: 1 week ago

Question

Describe sexual harassment in the global environment.

Answered: 1 week ago