Question

In: Statistics and Probability

A local​ public-action group solicits donations by telephone. For a particular list of prospects it was...

A local​ public-action group solicits donations by telephone. For a particular list of prospects it was estimated that for any individual the probability was 0.04 of an immediate donation by credit​ card, 0.21 of no immediate donation but a request for further information through the​ mail, and 0.75 of no expression of interest. Information is mailed to all people requesting​ it, and it is estimated that 20​% of these people will eventually donate. An operator makes a sequence of​ calls, the outcomes of which can be assumed to be independent.

a. What is the probability that the first call leading to an immediate credit card donation is preceded by at least four calls that do not lead to an immediate​ donation?

b. What is the probability that the first call leading to any donation​ (either immediately or eventually after a​ mailing) is preceded by at least four

calls that never lead to a​donation?

Solutions

Expert Solution


Related Solutions

The nonprofit group Public Agenda conducted telephone interviews with a stratified sample of parents of high...
The nonprofit group Public Agenda conducted telephone interviews with a stratified sample of parents of high school children. There were 202 black parent, 202 Hispanic parents, and 201 white parents. ONe question asked was, “Are the high schools in your state doing an excellent, good, fair, or poor job, or you don’t know enough to say?” Here are the survey results: Black Hispanic White Total Excellent 12 34 22 68 Good 69 55 81 205 Fair 75 61 60 196...
What is an orbit of a group action? Give an example of a group action on...
What is an orbit of a group action? Give an example of a group action on a set with 10 elements with exactly two orbits.
A telephone service representative believes that the proportion of customers completely satisfied with their local telephone...
A telephone service representative believes that the proportion of customers completely satisfied with their local telephone service is different between the Midwest and the South. The representative's belief is based on the results of a survey. The survey included a random sample of 1120 midwestern residents and 1260 southern residents. 37% of the midwestern residents and 49% of the southern residents reported that they were completely satisfied with their local telephone service. Find the 80% confidence interval for the difference...
A telephone service representative believes that the proportion of customers completely satisfied with their local telephone...
A telephone service representative believes that the proportion of customers completely satisfied with their local telephone service is different between the Midwest and the West. The representative's belief is based on the results of a survey. The survey included a random sample of 760 midwestern residents and 680 western residents. 37% of the midwestern residents and 46% of the western residents reported that they were completely satisfied with their local telephone service. Find the 90% confidence interval for the difference...
A telephone service representative believes that the proportion of customers completely satisfied with their local telephone...
A telephone service representative believes that the proportion of customers completely satisfied with their local telephone service is different between the Midwest and the West. The representative's belief is based on the results of a survey. The survey included a random sample of 760 midwestern residents and 680 western residents. 37% of the midwestern residents and 46% of the western residents reported that they were completely satisfied with their local telephone service. Find the 90% confidence interval for the difference...
A telephone service representative believes that the proportion of customers completely satisfied with their local telephone...
A telephone service representative believes that the proportion of customers completely satisfied with their local telephone service is different between the West and the Northeast. The representative's belief is based on the results of a survey. The survey included a random sample of 12401240 western residents and 13001300 northeastern residents. 46%46% of the western residents and 35%35% of the northeastern residents reported that they were completely satisfied with their local telephone service. Find the 98%98% confidence interval for the difference...
It is estimated that 0.1% of the callers to the billing department of a local telephone...
It is estimated that 0.1% of the callers to the billing department of a local telephone company will receive a busy signal. What is the probability that of today's 1230 callers at least 5 received a busy signal? Use the poisson approximation to the binomial. statistics
It is estimated that 0.5% of the callers to the billing department of a local telephone...
It is estimated that 0.5% of the callers to the billing department of a local telephone company will receive a busy signal. What is the probability that of today's 1350 callers at least 5 received a busy signal? Use the poisson approximation to the binomial. (Round the final answer to 4 decimal places.) Probability             
You are skeptical of the prospects of a particular technology stock. Therefore, you buy four put...
You are skeptical of the prospects of a particular technology stock. Therefore, you buy four put option contracts on the stock. You pay a premium of $3 per share, and each contract involves 100shares. The option’s strike price is $40. It has a maturity of three months. The firm is currently trading at $39. If your intuition is correct, and the market price of the stock falls to $30, how much have you made?
Suppose that telephone calls arriving at a particular switchboard follow a Poisson process with an average...
Suppose that telephone calls arriving at a particular switchboard follow a Poisson process with an average of 6 calls coming per minute. What is the probability that up to 2 minutes will elapse by the time 2 calls have come into the switchboard?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT