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Category > Economics Posted 17 May 2017 My Price 7.00

binomial distribution

Which of the following scenarios can the binomial distribution be used to find out the probability?

A. Errors in a billing process often lead to customer dissatisfaction and ultimately hurt bottom-line profits. An article in Quality Progress discussed a company where 40% of the bills prepared contained errors. If 10 bills are processed, what is the probability that at least one bill will contain errors?

 

B. In the Florida lottery Lotto game, you select six numbers from a pool of numbers from 1 to 53 (see flalottery.com). Each wager costs $1. You win the jackpot if you match all six numbers that you have selected. What is the probability of winning the jackpot.

 

C. The National Insurance Crime Bureau says that Miami-Dade, Broward, and Palm Beach counties account for a substantial number of questionable insurance claims referred to investigators. Assume that the number of questionable insurance claims referred to investigators by Miami-Dade, Broward, and Palm Beach counties has a mean of 10 per day. What is the probability that between 2 and 5 questionable insurance claims will be referred to investigators by Miami-Dade, Broward, and Palm Beach counties in a day?

 

D. A Nielsen study indicates that mobile subscribers between 18 and 24 years of age spend a substantial amount of time watching video on their devices, reporting a mean of 396 minutes per month. What is the probability that an randomlyl selected 18- to 24-year-old mobile subscriber spends less than 321 minutes watching video on his or her mobile device per month?

Answers

SuperTutor
(15)
Status NEW Posted 17 May 2017 03:05 AM My Price 7.00

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