Question

In: Statistics and Probability

The speed with which utility companies can resolve problems is very important. GTC, the Georgetown Telephone...

The speed with which utility companies can resolve problems is very important. GTC, the Georgetown Telephone Company, reports it can resolve customer problems the same day they are reported in 72% of the cases. Suppose the 13 cases reported today are representative of all complaints.

  
a-1.

How many of the problems would you expect to be resolved today? (Round your answer to 2 decimal places.)

  Number of Problems   


a-2. What is the standard deviation? (Round your answer to 4 decimal places.)
  Standard Deviation   


b.

What is the probability 7 of the problems can be resolved today? (Round your answer to 4 decimal places.)

  Probability   


c.

What is the probability 7 or 8 of the problems can be resolved today? (Round your answer to 4 decimal places.)

  Probability   

  

d.

What is the probability more than 8 of the problems can be resolved today? (Round your answer to 4 decimal places.)

  Probability   

Solutions

Expert Solution

p = 0.72

n = 13

a-1) Expected value = n * p = 13 * 0.72 = 9.36

a-2) Standard deviation = sqrt(n * p * (1 - p)) = sqrt(13 * 0.72 * 0.28) = 1.6189

b) P(X = 7) = 13C7 * 0.727 * (1 - 0.72)13-7 = 0.0829

c) P(X = 7 or 8) = P(X = 7) + P(X = 8)

                         = 13C7 * 0.727 * (1 - 0.72)13-7 + 13C8 * 0.728 * (1 - 0.72)13-8

                         = 0.2429

d) P(X > 8) = P(X = 9) + P(X = 10) + P(X = 11) + P(X = 12) + P(X = 13)

                  = 13C9 * 0.729 * 0.284 + 13C10 * 0.7210 * 0.283 + 13C11 * 0.7211 * 0.282 + 13C12 * 0.7212 * 0.281 + 13C13 * 0.7213 * 0.280

                  = 0.7130


Related Solutions

The speed at which you can log into a website through a smartphone is an important...
The speed at which you can log into a website through a smartphone is an important quality characteristic of that website. In a recent test, the mean time to log into the JetBlue Airways website through a smartphone was 4.237 seconds. (Data extracted from N. Trejos, “Travelers Have No Patience for Slow Mobile Sites,” USA Today, April 4, 2012, p. 3B.) Suppose that the download time is normally distributed, with a standard deviation of 1.3 seconds. What is the probability...
Very important homework for me ... 2.) A process produces cable for the local telephone company....
Very important homework for me ... 2.) A process produces cable for the local telephone company. When the process is operating correctly, cable diameter follows a normal distribution with mean 4 inches. A random sample of 48 pieces of cable found diameters with a sample mean of 7 inches and a sample standard deviation of 0,66 inches. a) State your hypothesis H0 and H1 claiming that the process is operating correctly. b) State the decision rule, sample statistics, table value...
When computers with statistical software operate, the speed of the hard drive is very important in...
When computers with statistical software operate, the speed of the hard drive is very important in performing statistical tasks. Because of this, the brand of hard drive used is an important factor when large data sets are analyzed. The Acme Statistics Group randomly selected 10 computers and installed either Brand A or Brand B hard drives to the computers so that there were 5 of each type of hard drive installed. (Each hard drive was "rated" at the same data...
Sony Very few companies can claim to be globally successful, but Sony, which brought us the...
Sony Very few companies can claim to be globally successful, but Sony, which brought us the Walkman and co-developed the CD and the DVD, has the numbers to prove it. In 2009, the company’s $76.361 billion in revenues were evenly distributed across mainly three markets: Japan, the United States, and Europe. Headquartered in Japan, Sony is best known for its high- quality consumer electronics, which account for 61 percent of total revenues, but the firm also produces games, music, and...
The pH level of soil can be very important toward plant growth, especially for blueberries which...
The pH level of soil can be very important toward plant growth, especially for blueberries which require acidic soil. Suppose the population distribution of soil pH levels in our area is normally distributed with a population mean pH level of 5.5 and a population standard deviation of 0.1. a.) Suppose you select a random sample of size n=1 from your backyard and test the soil. What is the probability of selecting soil with a pH less than 5.46? b.) Suppose...
What is your approach to determine an action that can resolve these problems in our system? Can we have one without the other?
The fact that millions of Americans do not have health insurance is said to be a major problem, if not the major problem, of the United State health care system. Estimates of the number who are uninsured vary widely. There are also widely different indicators of how much difference uninsurance makes. One of the strange features of the U.S. health care system is that the health plan most of us have is not a plan that we chose; rather, it...
Cash management is a very important function of managers. Companies need to manage their operations in...
Cash management is a very important function of managers. Companies need to manage their operations in a way that they can sustain growth and yet not run out of cash. Consider the case of the Extensive Enterprise’s Corporation: Extensive Enterprise’s Corporation has forecasted sales of $30,000,000 for next year and expects its cost of goods sold (COGS) to remain at 80% of sales. Currently, the firm holds $3,200,000 in inventories, $1,900,000 in accounts receivable, and $2,600,000 in accounts payable. Approximately...
Cash management is a very important function of managers. Companies need to manage their operations in...
Cash management is a very important function of managers. Companies need to manage their operations in a way that they can sustain growth and yet not run out of cash. Consider the case of Black Sheep Broadcasting Company’s: Black Sheep Broadcasting Company’s is a mature firm that has a stable flow of business. The following data was taken from its financial statements last year: Annual sales $9,900,000 Cost of goods sold $6,732,000 Inventory $2,900,000 Accounts receivable $2,200,000 Accounts payable $2,600,000...
. Cash conversion cycle Cash management is a very important function of managers. Companies need to...
. Cash conversion cycle Cash management is a very important function of managers. Companies need to manage their operations in a way that they can sustain growth and yet not run out of cash. Consider the case of the Red Hamster Manufacturing Corporation: Red Hamster Manufacturing Corporation has forecasted sales of $28,000,000 for next year and expects its cost of goods sold (COGS) to remain at 80% of sales. Currently, the firm holds $3,100,000 in inventories, $1,900,000 in accounts receivable,...
Can you explain a couple of these in more detail? Companies can speed up cash collections...
Can you explain a couple of these in more detail? Companies can speed up cash collections and slowing down cash payments by these other ways : 1. Speed down your inventory shifting 2. Expediting account receivable process 3. Reducing expenses and improving revenues 4. Make agreement of days of payables in your favor with the creditors.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT