Question
In: Math
1. Igor Beaver is a salesman for Planet of the Grapes, a medium sized winery near...
1. Igor Beaver is a salesman for Planet of the Grapes, a medium sized winery near Solvang. Igor is going on a sales trip visiting 10 restaurants throughout Southern California. Historically, Igor convinces 30% of the restaurants he visits to stock and sell his wine. a. What is the expected number of restaurants that Igor will close a sale on this trip? b. Find the variance. What is the probability that on this sales trip Igor make sales at c. 4 restaurants or less? d. Between 2 and 4 restaurants? e. Exactly 4 restaurants? f. At least 5 restaurants? g. Igor gives each new client a gift. How many gifts should he take on the trip to be at least 99% sure that he has enough? h. Find and plot the probability distribution and cumulative distribution using Excel.
Solutions
milcah answered 1 year agoRelated Solutions
Bill’s Winery is considering opening a winery near campus. To open the winery, they must purchase...
Bill’s Winery is considering opening a winery near campus. To
open the winery, they must purchase $370 in equipment. Shipping of
the equipment will cost $50 and installation of the equipment will
be $40. In addition to the equipment, Bill’s Winery will build a
new building with an all-in price of $1000. Bill bought the land
for the winery for $200 five years ago and has no plans for the
land if he does not build the winery. The modifications...
Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the...
Ana Carillo and Associates is a medium-sized company located
near a large metropolitan area in the Midwest. The company
manufactures cabinets of mahogany, oak, and other fine woods for
use in expensive homes, restaurants, and hotels. Although some of
the work is custom, many of the cabinets are a standard size. One
such non-custom model is called Luxury Base Frame. Normal
production is 1,000 units. Each unit has a direct labor hour
standard of 5 hours. Overhead is applied to...
Expand Your Critical Thinking 24-02 a-d Ana Carillo and Associates is a medium-sized company located near...
Expand Your Critical Thinking 24-02 a-d Ana Carillo and
Associates is a medium-sized company located near a large
metropolitan area in the Midwest. The company manufactures cabinets
of mahogany, oak, and other fine woods for use in expensive homes,
restaurants, and hotels. Although some of the work is custom, many
of the cabinets are a standard size. One such non-custom model is
called Luxury Base Frame. Normal production is 1,000 units. Each
unit has a direct labor hour standard of...
You are the security Manager for a medium-sized bank
You are the security Manager for a medium-sized bank You have been asked to design a security solution to keep intruders out of the bank after hours. The three areas of the bank you need to secure are the parking lot, the building perimeter, and the vault. List what technologies you would use in each of these areas and explain why you would use them. Please write your answer in the box below. You have been hired as a security...
General Random Variable 1. A manager in a medium sized company wants to construct an incentive...
General Random Variable
1. A manager in a medium sized
company wants to construct an incentive compensation program that
equitably and consistently compensates employees on the basis of
performance. He decides to offer an annual bonus of $10,000 for
superior performance, $6,000 for good performance, $3,000 for fair
performance, and no bonus for poor performance. Based on prior
performance reviews, he expect 15% of his employees to be superior
performers, 25% to be good performers, 40% to be fair performers,...
Question 1: A medium-sized finance company is considering an investment portfolio of 40% of stock A...
Question 1: A medium-sized finance company is
considering an investment portfolio of 40% of stock A and remaining
60% in stock B over the next four years (2020-2023). Given the
returns of two stocks A and B in the table below over the four-year
period, calculate the following: (3.5 marks)
Stock A
Stock B
2020
10%
9%
2021
12%
8%
2022
13%
10%
2023
15%
11%
Calculate the expected portfolio return, rp,
for each of the four years.
Calculate the...
1. About 1 in 5 solar systems outside of our solar system has an Earth-sized planet...
1. About 1 in 5 solar systems outside of our solar system has an
Earth-sized planet that could support life as we know it.
true
false
2. A major factor in the spread of transspecies hybrid viruses
is
A. lack of vaccines against these novel viruses
B. host organisms lack antibodies against these novel
pathogens
C. there is no herd immunity against novel pathogens
D. all of the above
9. The Drake Equation describes the odds of finding intelligent
life...
1. About 1 in 5 solar systems outside of our solar system has an Earth-sized planet...
1. About 1 in 5 solar systems outside of our solar system has an
Earth-sized planet that could support life as we know it.
true
false
2. A major factor in the spread of transspecies hybrid viruses
is
A. lack of vaccines against these novel viruses
B. host organisms lack antibodies against these novel
pathogens
C. there is no herd immunity against novel pathogens
D. all of the above
9. The Drake Equation describes the odds of finding intelligent
life...
For a random sample of 256 owners of medium-sized cars, it was found that their average...
For a random sample of 256 owners of medium-sized cars, it was
found that their average monthly car insurance premium for
comprehensive cover was R356. Assume that the population standard
deviation is R44 per month and that insurance premiums are normally
distributed.
Find the 95% confidence interval for the average monthly
comprehensive car insurance premium paid by all owners of
medium-sized cars. Interpret the results.
[9
Marks]
Find the 90% confidence interval for the same problem.
Interpret...
a. An employee, Fred, working in the accounts office of a medium-sized company listed on the...
a. An employee, Fred, working in the accounts office of a
medium-sized company listed on the Nairobi Stock Exchange, was
working late one evening during the week. He realized he had left
his pen in the boardroom at an earlier meeting and, given its
value, went upstairs to look for it. As he approached the door he
heard the following discussion:
‘Chief Executive: I am deeply concerned that if this fall in profit
figures is disclosed in the next annual...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- [Big Data concept] (10) Give one example of Big Data application you know. Use the detailed...
- Write a program of Binary Search in C++ by using function and arrays with the explanation.
- Consider three jobs you know well, and explain the personality traits necessary for each job using...
- Steven has learned how stress affects his physical health, so now he is trying to reduce...
- You manage a risky portfolio with expected rate of return of 12% and a standard deviation...
- 1) a. Write down a C++ program which will create a list (simple linear linked list)...
- What is the difference between cross-site scripting (XSS) attack and cross-site request forgery (XSRF) attack?
ADVERTISEMENT