Wednesday
July 23, 2014

Homework Help: stat

Posted by siddhi on Tuesday, May 1, 2012 at 8:24am.

A MAIL-ORDER FIRM HAS A CIRCULAR WHICH ELICITS A 10 % RESPONSE RATE. SUPPOSE 20 OF THE CIRCULARS ARE MAILED AS A MARKET TEST IN A NEW GEOGRAPHIC AREA. ASSUMING THAT THE 10% RESPONSE RATE IS APPLICABLE IN THE NEW AREA, DETERMINE THE PROBABILITIES OF THE FOLLOWING EVENTS:
A. NO ONE RESPONDS

B. A MAJORITY OF THE PEOPLE RESPOND

C. WHAT IS THE EXPECTED NUMBER OF PEOPLE WILL RESPOND?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

stat - Problem 2. THE PROBABILITY THAT A RANDOMLY CHOSEN SALES PROSPECT WILL ...
economics - Suppose that for the firm below, the goods market is perfectly ...
Statistics - Direct mail advertisers send solicitations (that is "junk mail") to...
managerial economics - Consider the one-shot, simultaneous move game below, and ...
finance - Firm L has debt with a market value of $200,000 and a yield of 9%. The...
Statistics - Direct mail advertisers send solicitations (a.k.a. "junk mail") to ...
econ - 1. Consider a pure monopolist with short-run total cost function given by...
econ - Suppose there are 1000 identical firms producing diamonds. Diamond miners...
econ - Suppose there are 1000 identical firms producing diamonds. Diamond miners...
economics - suppose a competitive market consists of identical firms with a ...

Search
Members