1. According to the U.S. Department of Commerce, 30% of Arkansas households had a computer in 2002. If 285 Arkansas households are selected at random, find the following probabilities: (Please show all necessary justifications.) a.The exact probability that 70 or fewer have a computer b. The probability that 70 or fewer have a computer using the normal approximation. c. The probability that 70 or fewer have a computer using the normal approximation with the continuity correction.
2. The probability that a resident of Visalia attends the County Fair in June is 0.65. The probability that a resident of Visalia attends the Annual Fog Festival in January
is 0.20. The probability that a resident of Visalia attends the County Fair and the Annual Fog Festival is 0.13. Is attending the County Fair independent of attending the Annual Fog Festival for Visalia residents? (It is not just a yes or no answer. Prove it.)
3. According to Cruise Lines International Corporation, 28% of the North Americans who have taken a cruise in the past five years were at least 60 years old.
a. If 12 North Americans who have taken a cruise in the last five years are selected at random, find the probability that at least one of them was at least 60 years old at the time.(If you use the Binomial to answer, show your justifications.)
1. According to the U.S. Department of Commerce, 30% of Arkansas households had a computer in...
1. According to the Economics and Statistics Administration, 76.7 % of U.S. households owned a computer in 2010. a) What is the probability that three randomly selected U.S. households all owned a computer? b) What is the probability that none of three randomly selected U.S. households owned a computer? c) What is the probability that of three randomly selected U.S. households at least one owned a computer?
FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...
Read about Cokes strategy in Africa in the article below and discuss the ethics of selling soft drinks to very poor people. Is this an issue that a company like Coke should consider? Africa: Coke's Last Frontier Sales are flat in developed countries. For Coke to keep growing, Africa is it By Duane Stanford Piles of trash are burning outside the Mamakamau Shop in Uthiru, a suburb of Nairobi, Kenya. Sewage trickles by in an open trench. Across the street,...
Write down your analysis of this case on factors like 1. the negotiation process, strategy and tactics PACIFIC OIL COMPANY (A)* "Look, you asked for my advice, and I gave it to you," Frank Kelsey said. "If I were you, I wouldn't make any more concessions! I really don't think you ought to agree to their last demand! But you're the one who has to live with the contract, not me!" Static on the transatlantic telephone connection obscured Jean Fontaine's...