Question
The most important measure in any business is a successful purchase of their product. Task success is a discrete measure (0 is fail, 1 is
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The most important measure in any business is a successful purchase of their product. Task success is a discrete measure (0 is fail, 1 is successful purchase). The following table shows a discrete distribution across 100 clients for product purchase.
Table 3
X (purchase success)
0
1
2
3
P(probability purchase)
0.05
0.2
0.3
0.45
- A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. Calculate the expected value for table3?
- A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. Calculate the discrete variance for table 3?
- A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. What is the binomial probability that you find less than 10 clients who will buy your extended warranty if you present to 79 clients, and the probability of a client buying a warranty after your presentation is 20%?
- A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. What is the binomial expected value a client buys your extended warranty if the probability is 20% and 79 clients are in the sample?
- A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. What is the binomial standard deviation a client buys your extended warranty if the probability of buying is 20% and 79 clients are in the sample?
A. 0.91
B. 0.06
C. 1.0
D. Cannot calculate without more information
E. 2.15
F. 12.64
G. 10/79
H. 0.91
I. 0.83
J. 3.56
K. 4.62
L. 0.03
M. 0.01
N. 15.80
O. 15.64
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