Mathematics, 23.07.2020 01:01, arianawelsh123l
A general statement is made that an error occurs in 10% of all retail transactions. We wish to evaluate the truthfulness of this figure for a particular retail store, say store A. Twenty transactions of this store are randomly obtained. Assuming that the 10% figure also applies to store A and let X be the number of retail transactions with errors in the sample
a. The probability distribution function (pdf) of X is binomial. Identify the parameters n and p.
b. Calculate the expected value of X.
c. Calculate the variance of X.
d. Find the probability exactly 2 transactions sampled are in error.
e. Find the probability at least 2 transactions sampled are in error.
f. Find the probability that no more than one transaction is in error.
g. Would it be unusual if 5 or more transactions were in error?
Answers: 2
Mathematics, 21.06.2019 19:00, munozgiselle
If (x-2) 2= 49, then x could be a. -9 b. -7 c.- 2 d. 5 e.9
Answers: 2
Mathematics, 21.06.2019 20:20, jackiediaz
One of every 20 customers reports poor customer service on your company’s customer satisfaction survey. you have just created a new process that should cut the number of poor customer service complaints in half. what percentage of customers would you expect to report poor service after this process is implemented? 1.) 5% 2.) 10% 3.) 2% 4.) 2.5%
Answers: 1
A general statement is made that an error occurs in 10% of all retail transactions. We wish to evalu...
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