In a consumer satisfaction survey the responses are “unsatisfactory,” “average,” and “satisfactory”. If the response probability for “unsatisfactory” is 0.21, and the response probability for “average” is 0.41, what is the probability that in surveys the answer for “unsatisfactory” will be selected 3 times, the answer for “average” will be selected 5 times, and the answer for “satisfactory” will be selected 2 times?
here probability for satisfactory =1-0.21-0.41=0.38
therefore P( answer for “unsatisfactory” will be selected 3 times, the answer for “average” will be selected 5 times, and the answer for “satisfactory” will be selected 2 times )
=(10!/(3!*5!*2!))*(0.21)3(0.41)5*(0.38)2 =0.0390
In a consumer satisfaction survey the responses are “unsatisfactory,” “average,” and “satisfactory”. If the response probability...
The probability distribution of job satisfaction scores for senior executives are as follows. Job Satisfaction 1 2 3 4 5 probability 0% 10% 20% 30% 40% If you survey 100 senior executives, what is the probability that the average job satisfaction score is greater than 3.9? a. 0.84134 b. 0.02275 c. 0.15866 d. 0.5 e. 0.97725
Jamie is doing a survey at her school about whether the students feel the cafeteria food is satisfactory. She records the responses of 140 students and finds that 45% find the food satisfactory. She wonders whether she can claim this is significantly less than half. Step 1 of 4: Describe the sampling distribution. Step 2 of 4: Find and interpret the 94% confidence interval for the proportion of students who find the cafeteria food satisfactory. Step 3 of 4: What...
The following probability distributions of job satisfaction scores for a sample of information systems (IS) senior executives and middle managers range from a low of 1 (very dissatisfied) to a high of 5 (very satisfied). Job Satisfaction Score Probability IS Senior Executives IS Middle Managers 1 0.05 0.04 2 0.09 0.10 3 0.03 0.13 4 0.42 0.45 5 0.41 0.28 (a) What is the expected value of the job satisfaction score for senior executives? (b) What is the expected value...
1. According to Consumer Response Annual Report, millennials spent an average of $103 on monthly dining in 2016. Let the amount spent on a monthly dining be normally distributed with unknown standard deviation. Assume that the probability of a randomly-selected millennial that spends more than $133 is 10%, and the probability that a randomly-selected millennial that spends less than $97 pounds is 40%. What is the probability that a randomly-selected millennial will spend between $73 and $109 on a monthly...
The Consumer Reports Restaurant Customer Satisfaction Survey is based upon visits to full-service restaurant chains. One of the variables in the study is meal price, the average amount paid per person for dinner and drinks, minus the tip. Suppose a reporter for the Sun Coast Times thought that it would be of interest to her readers to conduct a similar study for restaurants located in small town of South Carolina. The reporter selected a sample of seafood restaurants, Italian restaurants, and steakhouses. The following...
The table to the right shows counts from a consumer satisfaction survey of 2,000 customers who called a credit card company to dispute a charge. One thousand customers were male and the remaining were female. Satisfied- Male = 641 UnSatisifed-Male = 359 Satisfied-Female = 652 UnSatisfied- Female = 348 (a) What would it mean to find association between these variables? (b) Does the table show association? (You shouldn't need to do any calculation.) (a) Determine what it would mean to...
Question 2 – Empirical Probability
A research institute conduct a survey of international students
enrolled offshore in higher education programs across major
education sectors. The latest survey was conducted online survey in
2018 and results were summarised in Table. 1 below. ‘Satisfaction’
provides the results in response to the question: “Overall, which
aspects do you satisfy most?” The ‘Total Offshore’ column provides
the aggregate results for all students enrolled from 11
countries.
Nationality
Satisfaction
Malaysia Singapore China Other
Total...
Ouranos Resorts would like to send a survey to its guests asking about their satisfaction with the new website design. It would like to have a margin of error of ±5 percent on responses with 99 percent confidence. (a) Using the conservative approach, what sample size is needed to ensure this level of confidence and margin of error? (Round up your answer to the next whole number.) Sample size (b) If Ouranos Resorts wanted the margin of...
Data from the Bureau of Labor Statistics' Consumer Expenditure Survey show that annual expenditures for cellular phone services per consumer unit increased from $223 in 2001 to $588 in 2007 Let the standard deviation of annual cellular expenditure be $43 in 2001 and $145 in 2007 [You may find it useful to reference the z table.] a. What is the probability that the average annual expenditure of 129 cellular customers in 2001 exceeded $213? (Round z value to 2 decimal...
Data from the Bureau of Labor Statistics’ Consumer Expenditure Survey (CE) show that annual expenditures for cellular phone services per consumer unit increased from $235 in 2001 to $602 in 2007. Let the standard deviation of annual cellular expenditure be $35 in 2001 and $191 in 2007. Use Table 1. a. What is the probability that the average annual expenditure of 144 cellular customers in 2001 exceeded $233? (Round “z” value to 2 decimal places, and final answer to 4...