Question
In: Statistics and Probability
QUESTION 1 (15 marks) Studd Enterprises sells big-screen televisions. A concern of management is the number...
QUESTION 1
Studd Enterprises sells big-screen televisions. A concern of management is the number of televisions sold each day. A recent study revealed the number of days that a given number of televisions were sold.
# of TV units sold # of days
0 2
- 4
- 10
- 12
- 8
- 4
Answer the questions below. For each part, show your calculations and/or explain briefly how you arrived at your answer, as appropriate or needed.
Required:
- Convert the frequency distribution above into a probability distribution (or relative frequency distribution) showing the proportion of days (rather than the number of days) that the number of televisions sold was 0, 1, 2, 3, 4, and 5 respectively. ( 3 marks)
- Compute the mean of this general discrete probability distribution. ( 3 marks)
- Compute the standard deviation of this general discrete probability distribution. ( 5 marks)
- What is the probability that exactly 4 televisions will be sold on any given day? ( 1 mark)
- What is the probability that 2 or more televisions will be sold on any given day? ( 1 mark)
- What is the probability that less than 2 televisions will be sold on any given day? (1 mark)
g What is the probability that between 1 and 4 televisions inclusive will be sold on any given day? (1 mark)
Solutions
any
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orchestra answered 1 year agoRelated Solutions
QUESTION 1 (15 marks) Studd Enterprises sells big-screen televisions. A concern of management is the number...
QUESTION 1
Studd Enterprises sells big-screen televisions. A concern of
management is the number of televisions sold each day. A recent
study revealed the number of days that a given number of
televisions were sold.
# of TV units sold # of
days
0
2
4
18
12
10
4
Answer the questions below. For each part, show your
calculations and/or explain briefly how you arrived at your answer,
as appropriate or needed.
Required:
Convert the frequency distribution above into...
QUESTION 1 (15 marks) Studd Enterprises sells big-screen televisions. A concern of management is the number...
QUESTION 1
Studd Enterprises sells big-screen televisions. A concern of
management is the number of televisions sold each day. A recent
study revealed the number of days that a given number of
televisions were sold.
# of TV units sold # of
days
0
2
4
10
12
8
4
Answer the questions below. For each part, show your
calculations and/or explain briefly how you arrived at your answer,
as appropriate or needed.
Required:
Convert the frequency distribution...
Studd Enterprises sells big-screen televisions. A concern of management is the number of televisions sold each...
Studd Enterprises sells big-screen televisions. A concern of
management is the number of televisions sold each day. A recent
study revealed the number of days that a given number of
televisions were sold.
# of TV units sold # of
days
0
2
4
18
12
10
4
Answer the questions below. For each part, show your
calculations and/or explain briefly how you arrived at your answer,
as appropriate or needed.
Required:
Convert the frequency distribution above into...
QUESTION 1 (15 marks) The number of customers per shop per day for a franchised business...
QUESTION 1 The number of customers per shop per day for a franchised business with nearly 10,000 stores nationwide is 900 people To increase the number of customers, the franchise owner is considering cutting down on the price of coffee drinks To test this new initiative, the store has reduce coffee prices in a sample of 25 stores. It is found that the mean of the number of customers per store in one day is 974 and the standard deviation...
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Question 2 Weighted Average Cost of Capital
The capital structure of Minelli Enterprises Limited as at 31
March 2020 is as follows: $’000
Ordinary shares (par value $1.50) 60,000
5.5% (post-tax) Preference Shares (par value $2.20) 8,800
6.5% (pre-tax) Bonds semi-annual (par value $1000) 80,000
Term Loan (interest rate 4.25% per annum) 6,500
Additional Information:
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Question 2 Weighted Average Cost of Capital (15 marks) The capital structure of Minelli Enterprises Limited...
Question 2
Weighted Average Cost of Capital
The capital structure of Minelli Enterprises Limited as at 31
March 2020 is as follows: $’000
Ordinary shares (par value $1.50) 60,000 5.5%
(post-tax) Preference Shares (par value $2.20) 8,800 6.5%
(pre-tax) Bonds semi-annual (par value $1000) 80,000
Term Loan (interest rate 4.25% per annum) 6,500
Additional Information:
• The ordinary shares are currently trading at $1.95 while the
preference shares are trading at $2.45.
• Return on government bonds is 1.25%, the...
1. A local electronics retailer recently conducted a study on purchasers of large screen televisions. The...
1.
A local electronics retailer recently conducted a study on
purchasers of large screen televisions. The study recorded the type
of television and the credit account balance of the customer at the
time of purchase. They obtained the following results.
Credit Balance
Standard TV
LCD
Plasma
Projection
Under $200
13
13
40
5
$200-$800
9
10
23
14
Over $800
16
14
15
32
Construct a totals row and column for the table (as I did in
several videos). Then...
1. A local electronics retailer recently conducted a study on purchasers of large screen televisions. The...
1. A local electronics retailer recently conducted a study on
purchasers of large screen televisions. The study recorded the type
of television and the credit account balance of the customer at the
time of purchase. They obtained the following results.
Credit Balance
Standard TV
LCD
Plasma
Projection
Under $200
11
11
38
3
$200-$800
7
8
21
12
Over $800
14
12
13
30
Then answer the following questions: a. What is the probability of
a customer having a credit...
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Question 3.3
(Total: 45 marks; part 1: 24 marks; part 2: 15 marks; part
3: 6 marks)
Star Finder Inc. has provided the following information for the
year ended December 31, 2021:
Sales revenue
$1,300,000
Loss on inventory due to decline in net realizable value
$80,000
Unrealized gain on FV-OCI equity investments
42,000
Loss on disposal of equipment
35,000
Interest income
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Depreciation expense related to buildings omitted by mistake in
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55,000
Cost of goods sold
780,000
Retained...
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