FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A salesman found out that the chances that a customer will buy his product is 0.35. If he randomly selects 80 customers, what is the

image text in transcribed
image text in transcribed
A salesman found out that the chances that a customer will buy his product is 0.35. If he randomly selects 80 customers, what is the probability that: a) Exactly 20 ofthem will buy his product? b) At least 55 will not buy his product? (use normal approximation to calculate the above probabilities)

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

Calculus Early Transcendentals

Calculus Early Transcendentals

Authors: Howard Anton, Irl C Bivens, Stephen Davis

11th Edition

1118883764, 9781118883761

More Books

Students also viewed these Mathematics questions

Question

★★★★★
A two-dimensional incompressible velocity field has u = K (1 eay), for x L and 0 y . What is the most general form of v(x, y) for which continuity is satisfied and v = vo at y = 0? What are the...

Answered: 1 week ago

Question

★★★★★
Write the negation of each of the following statements as an English sentence - without symbolic notation. (Here the universe consists of all the students at the university where Professor Lenhart...

Answered: 1 week ago

Question

★★★★★
Nicky, who is a wine taster, tries five California wines and six Bordeaux wines and she is asked to assign a number to each wine, according to her preference, so that the best wine receives number...

Answered: 1 week ago

Question

★★★★★
Furnishings manufactures upscale custom furniture. Isaacsons currently uses a plantwide overhead rate based on direct labor hours to allocate its $ 1,450,000 of manufacturing overhead to individual...

Answered: 1 week ago

Question

★★★★★
Selected information taken from the financial statements of Verbeke Co. for the year ended December 31, 2019, follows; Gross profit General and administrative expenses Net cash used by investing...

Answered: 1 week ago

Question

★★★★★
When was the PDB database last updated?

Answered: 1 week ago

Question

★★★★★
What is meant by organisational theory ?

Answered: 1 week ago

Question

★★★★★
What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

★★★★★
Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

★★★★★
Define policy making?

Answered: 1 week ago

Question

★★★★★
Define co-ordination?

Answered: 1 week ago

Question

★★★★★
A project manager for a distributed project team has been gathering a batch of routine organizational messages, project updates, and status reports. What would be the best communication method with...

Answered: 1 week ago

Question

★★★★★
Context, i.e. the context of the information presented and received

Answered: 1 week ago

Question

★★★★★
1. To gain insight into why we believe more in one type of information than another.

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: emo-tional information, concrete information, local information, the reference object, consensus information, conflict...

Answered: 1 week ago

Previous Question Next Question