A consumer advocate claims that 80 percent of cable television
subscribers are not satisfied with their cable service. In an
attempt to justify this claim, a randomly selected sample of cable
subscribers will be polled on this issue.
(a) Suppose that the advocate's claim is true, and suppose that a random sample of 7 cable subscribers is selected. Assuming independence, use an appropriate formula to compute the probability that 5 or more subscribers in the sample are not satisfied with their service. (Do not round intermediate calculations. Round final answer to p in 2 decimal place. Round other final answers to 4 decimal places.)
Binomial, n = ___________ , p = ____________
Probability = ___________________
(b) Suppose that the advocate's claim is true, and suppose that a random sample of 20 cable subscribers is selected. Assuming independence, find: (Do not round intermediate calculations. Round final answer to p in 2 decimal place. Round other final answers to 4 decimal places.)
Binomial, n = ___________ , p =
_______________
1. The probability that 12 or fewer subscribers in the sample
are not satisfied with their service.
Probability _____________
2. The probability that more than 14 subscribers in the sample are not satisfied with their service.
Probability ________________
3. The probability that between 14 and 16 (inclusive) subscribers
in the sample are not satisfied with their service.
Probability _____________________
4. The probability that exactly 16 subscribers in the sample are
not satisfied with their service.
Probability ______________________
(c) Suppose that when we survey 20 randomly
selected cable television subscribers, we find that 12 are actually
not satisfied with their service. Using a probability you found in
this exercise as the basis for your answer, do you believe the
consumer advocate's claim? Explain. (Round
your answer to 4 decimal places.)
(Click to select) No Yes ; if
the claim is true, the probability that 12 or
fewer (Click to select) are are
not satisfied is
only .
In: Statistics and Probability
Jens Martel has a choice of two 5-year bonds and is seeking the highest return. Given the following information about each bond, which one should he choose? Bond A's coupon is 6.40% and is priced at 99.90 per 100 Bond B's coupon is 6.05% and is priced at 98.17 per 100
Bond A
Bond B
Both are same
In: Finance
Consider the following investment alternatives:
Investment Rate Compounding
A 6.25% Annual
B 6.10% Daily
C 6.125% Quarterly
D 6.15% Fortnightly
E 6.120% Monthly
Which alternative offers you the highest effective rate of return?
a.
Investment E
b.
Investment C
c.
Investment D
d.
Investment A
e.
Investment B
In: Finance
Which statement is NOT correct?
A. In an endothermic reaction, the activation energy is usually greater than the change in enthalpy.
B. An activated complex has higher energy than any molecule contributing to it.
C. Activation energy is the same in the forward and reverse direction.
D. If the forward reaction is endothermic, the reverse reaction will be exothermic.
E. The activated complex will be the highest on the reaction energy diagram.
In: Chemistry
Draw a Lorenz curve diagram representing the cumulative share of income as a function of the cumulative share of the population from the lowest to the highest individual income level. Explain how economic inequality using the Gini coefficient can be illustrated using this diagram. What would you expect the impact on inequality of the decrease in productivity to be? Illustrate using the Lorenz curve and explain.
In: Economics
Explain why three aspects (that are listed below)from the Code of Ethical Principles and Standards of Professional Practice are important to your NPO?
In: Operations Management
Examine a hostile acquisition and discuss the tactics employed by both the predator and the target companies. How do you think mergers should be regulated? For example, for the above mentioned tactics and defense strategies should target companies be allowed to employ? Should managers of target firms be compelled to seek out the highest bids? Should they simply be passive and watch from the sidelines?
In: Finance
You are a financial planner and your private client has given you $10,000,000 to invest for them. Your task is to study the current economic and geopolitical conditions and to invest his money for the highest return. What sector(s) do you think will provide the greatest return and what stocks or other investments within those sectors would you invest in?
In: Finance
What is considered a "good" amount of economic growth, as measured by an annual percentage increase in GDP?
Are there any concerns with "too much growth" or growth that is "too rapid"?
What was the highest annual GDP growth in the last 10 years?
What was the GDP growth rate last year?
Leave us a link as to who you are citing for the numbers or answers you leave.
In: Economics
4. The price of shares of Bank of Florida at the end of each trading day for the last year followed the normal distribution. The mean price was $42.00 per share and the standard deviation was $2.25.
A: What percent of the days was the price over $42.00?
b. What percent of the days was the price between $38.00 and $40.00?
c. What was the stock’s price on the highest 15% of days?
In: Statistics and Probability