Question

In: Statistics and Probability

John Thurgood founded a company that translates Chinese books into English. His company is currently testing...

  1. John Thurgood founded a company that translates Chinese books into English. His company is currently testing a computer-based translation service. Since Chinese symbols are difficult to translate, John assumes the computer program will make some errors, but then so do human translators. The computer error rate, as promised by the computer program developer, is no more than three errors per 400 words. Suppose John randomly selects a 1200-word passage. If 15 errors are found in the 1200-word passage, what would you conclude about the computer program developer’s claim? Why? (Assume that it is possible for the computer to make more than one error in translating each word in the passage).

How do I enter this into minitab?

Solutions

Expert Solution


Related Solutions

An English teacher needs to pick 6 books to put on his reading list for the...
An English teacher needs to pick 6 books to put on his reading list for the next school year, and he needs to plan the order in which they should be read. He has narrowed down his choices to 25novels, 21 plays, and 6 nonfiction books. If he wants to include an equal number of novels, plays, and nonfiction books, how many different reading schedules are possible? Express your answer in scientific notation rounding to the hundredths place.
John has just completed testing of the depreciation of property, plant and equipment for his client...
John has just completed testing of the depreciation of property, plant and equipment for his client Happy Grapple Ltd. Information from the draft financial report of Happy Grapple shows (rounded to $000s): Profit before tax                                $2 737 Property, plant and equipment       $16 564 In testing depreciation, John selected a sample of 35 items with a value of $1 672 000 and had established a tolerable error was 5% of base values. The result of the tests showed systematic...
John Hanning owns a small hotel. The following balances were taken from his books on 31...
John Hanning owns a small hotel. The following balances were taken from his books on 31 December 2016 Takings (Sales) Premises, at Cost Fixtures and Fittings at cost Minibus Provision for depreciation, 1 January 2016: Fixtures and fittings Minibus Stock of wine, 1 January 2016 Debtors Creditors Bank overdraft Cash in hand Wages Cleaning Purchase of food and wine Running expenses of minibus Bank interest (Dr Balance) Advertising General expenses Capital Drawings $ 283,670.00 396,000.00 100,000.00 10,000.00 45,600.00 3,600.00 1,200.00...
John is the CFO of company A and one of his recent tasks is to borrow...
John is the CFO of company A and one of his recent tasks is to borrow $10 million for 3 years to fund the company’s newly initiated project. Due to the pattern of expected cash flows generated from the to-be-funded project, John wants to have a loan with a fixed rate. He called his banks and received quotes on fixed rate 8.0% and floating rate 0.5% above the LIBOR. All rates are annualized rate in quarterly compounding. John passes this...
“Imagine John works for a company in New York that sells widgets. As part of his...
“Imagine John works for a company in New York that sells widgets. As part of his job, John has access to a one-page document belonging to the company that contains its secret method for manufacturing high-quality widgets at low cost. John decides to leave his company and to start a competing widget company in New Jersey. John concludes that he needs to bring a copy of the document to New Jersey to start his business. Consider the following ways that...
John has purchased some machinery for his company and has the choice of making payments as...
John has purchased some machinery for his company and has the choice of making payments as follows: Option A: $10,000 now. Option B: $6,000 now and $6,000 at the end of 10 years. Option C: $ 2,500 now and $1000 at the end of each year for 10 years. If the interest rate is 7%, which option would he select?
John Campbell, an employee of Manhattan Construction Company claims to have injured his back as a...
John Campbell, an employee of Manhattan Construction Company claims to have injured his back as a result of a fall while repairing the roof at one of the Eastview apartment buildings. He filed a lawsuit against Doug Reynolds, the owner of Eastview Apartments, asking for damage of $1,500,000. John claims that the roof had rotten sections and that his fall could have been prevented if Mr. Reynolds had told Manhattan Construction about the problem. Mr. Reynolds notified his insurance company,...
Currently Nathan deposits $300 at the end of each month into an IRA and his company...
Currently Nathan deposits $300 at the end of each month into an IRA and his company will match 40% of his deposit amount. He will retire in 45 years. Assuming his account will earn 8.5% interest rate (APR), how much he can withdraw monthly after his retirement after-tax basis? (Assume he will live for another 25 years after retirement, his average tax rate will be 20%, and his deposit amount will remain constant).
Aaron Levie is the co-founder of Box. Assume that his company currently has $250,000 in equity,...
Aaron Levie is the co-founder of Box. Assume that his company currently has $250,000 in equity, and he is considering a $100,000 expansion to meet increased demand. The $100,000 expansion would yield $16,000 in additional annual income before interest expense. Assume that the business currently earns $40,000 annual income before interest expense of $10,000, yielding a return on equity of 12% ($30,000/$250,000). To fund the expansion, he is considering the issuance of a 10-year, $100,000 note with annual interest payments...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT