statistics

posted by .

Five percent of all items sold by mail order company are returned by customers for a refund. Find the probability that, of two items sold during a given hour by this company,
a) both will be returned for a refund
b) neither will be returned for a refund

  • statistics -

    The probability of both/all events occurring is found by multiplying the probabilities of the individual events.

    a) .05*.05 = ?

    b) (1-.05)(1-.05) = ?

  • statistics -

    a) 0.0025
    b)0.9025

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Accounting urgent

    Prepare the journal entries to record the following transactions on Panther Company‚Äôs books using a perpetual inventory system. (For multiple debit/credit entries, list accounts in order of magnitude.) (a) On March 2 Panther Company …
  2. math

    The amount of revenue a company makes per day by selling x items is given by the function f(x) = 14x - 0.2x2. How many items should be sold if the company wants to maximize their profit?
  3. math

    The amount of revenue a company makes per day by selling x items is given by the function f(x) = 14x - 0.2x2. How many items should be sold if the company wants to maximize their profit?
  4. statistics

    Three percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund
  5. statistics

    Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund
  6. statistics

    Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund
  7. statistics

    Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund
  8. statistics

    Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund (round to four decimal …
  9. stats

    Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that, of two items sold during a given hour by this company, neither will be returned for a refund.
  10. Accounting

    Zell Company had sales of $1,800,000 and related cost of merchandise sold of $1,150,000 for its first year of operations ending December 31, 2016. Zell Company provides customers a refund for any returned or damaged merchandise. At …

More Similar Questions