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Ksenya-84 [330]
1 year ago
15

The participants in a television quiz show are picked from a large pool of applicants with approximately equal numbers of men an

d women. Among the last 11 participants there have been only 2 women. if participants are picked randomly, what is theprobability that out of 11 people we get:
a) 2 or fewer women


b) At least 2 woman


C) nomore than one woman
Business
1 answer:
IgorLugansk [536]1 year ago
6 0

Answer:

a) P(X \leq 2)= P(X=0)+P(X=1)+P(X=2)

P(X=0)=(11C0)(0.5)^0 (1-0.5)^{11-0}=0.00049

P(X=1)=(11C0)(0.5)^1 (1-0.5)^{11-1}=0.0054

P(X=2)=(11C0)(0.5)^2 (1-0.5)^{11-2}=0.027

And adding we got:

P(X \leq 2)= 0.033

b) P(X \geq 2)= 1-P(X

And replacing we got:

P(X \geq 2)= =1-[0.00049 +0.0054] = 0.994

c) P(X \leq 1)= 1-P(X

And replacing we got:

P(X \leq 1)=0.00049 +0.0054= 0.0059

Explanation:

Previous concepts

The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".

Solution to the problem

Let X the random variable of interest "number of women", on this case we now that:

X \sim Binom(n=11, p=0.5)

The probability mass function for the Binomial distribution is given as:

P(X)=(nCx)(p)^x (1-p)^{n-x}

Where (nCx) means combinatory and it's given by this formula:

nCx=\frac{n!}{(n-x)! x!}

Part a

For this case we want to find this probability:

P(X \leq 2)= P(X=0)+P(X=1)+P(X=2)

P(X=0)=(11C0)(0.5)^0 (1-0.5)^{11-0}=0.00049

P(X=1)=(11C0)(0.5)^1 (1-0.5)^{11-1}=0.0054

P(X=2)=(11C0)(0.5)^2 (1-0.5)^{11-2}=0.027

And adding we got:

P(X \leq 2)= 0.033

Part b

For this case we want this probability:

P(X \geq 2)

And we can use the complement rule and we got:

P(X \geq 2)= 1-P(X

And replacing we got:

P(X \geq 2)= =1-[0.00049 +0.0054] = 0.994

Part c

For this case we want this probability:

P(X \leq 1)

And we can use the complement rule and we got:

P(X \leq 1)= 1-P(X

And replacing we got:

P(X \leq 1)=0.00049 +0.0054= 0.0059

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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month
Scrat [10]

Answer:

See explanations below

Explanation:

1. Overall contribution margin ratio of the company

= (Total contribution margin / Total sales ) × 100

= ( $113,400 / $162,000 ) × 100

= 70%

2 Company's overall break even point in dollar sales.

= Fixed expenses / Contribution margin ratio

= $82,530 / 70%

= $117,900

3. Contribution format income statement

Claim jumper

Sales $108,000/$162,000 = $0.67 × 100

= 67% × $117,900

= $78,993

Makeover

Sales $54,000/$162,000 = $0.33 × 100

= 33% × $117,900

= $38,907

Claim jumper

Variable expenses

= ($68,120 / $108,000) × $39,880

= $25,154

Makeover

Variable expenses

= ($45,280 / $54,000) × $8,720

= $7,312

• Variable expenses at the point of break even sales = (Break even sales / Original sales ) × Variable expense

7 0
2 years ago
A government bond is NOT as liquid as cash because the bond:
Vesna [10]

Answer:

Option b                          

Explanation:

In simple words, A government bond reflects a government-issued debt, which is offered to buyers to finance government expenditure. The US Federal reserve is selling the government bonds over the year throughout listings.

Any selling of Treasury bonds throughout the secondary sector. Professional shareholders may purchase or sell  previously issued bonds through such a platform with a company or broker operating with it.

6 0
2 years ago
Suppose the following information: The cost of a full-page color ad in the U.S. national edition of The Wall Street Journal (new
lawyer [7]

Answer:

E) Super Bowl

Explanation:

For computing the lowest CPM we need to do the following calculations

                                   (a)                                  (b)                           (a ÷ b)

Particulars                  U.S. national edition   U.S. audience size   CPM

Wall streel Journal     $327,897                    $1,566,027                  20.94%

USA today                   $207,720                   $1,711,696                    12.14%

Bloomberg

Businessweek             $148,300                    $900,000                   16.48%        

Sports Illustrated         $396,600                   $3,000,000                13.22%

Super Bowl telecast     $3,800,000              $108,400,000          3.51%

As we can see from the above calculations that the super bowl has the lowest CPM

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3 0
1 year ago
A company is considering purchasing a machine that costs $232000 and is estimated to have no salvage value at the end of its 8-y
Inessa05 [86]

Answer:

45.69%

Explanation:

The formula to compute the accounting rate of return is shown below:

= Annual net income ÷ average investment

where,  

Net income is

= Annual revenues - annual operating expenses

= $120,000 - ($38,000 + $232,000 ÷ 8 year)

= $120,000 - ($38,000 + $29,000)

= $53,000

And, the average investment would be

= (Initial investment) ÷ 2

= ($232,000) ÷ 2

= $116,000

Now put these values to the above formula  

So, the rate would equal to

= $53,000 ÷ $116,000

= 45.69%

7 0
2 years ago
Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following i
Oxana [17]

Answer and Explanation:

The preparation of the operating activities section is shown below:

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                             Statement of Cash Flows (partial)

Cash flows from operating activities:  

Net loss $ (6,400)  

Adjustments  

Add: Depreciation expenses $4,500

Add: Amortization of copyright $200

Add: Decrease in accounts receivable $5,000  

Add: Increase in salaries payable $11,000  

Less: Decrease in other current liabilities -$1,800

Net cash flow from operating activities $12,500

The negative sign reflects the cash outflow and the positive sign reflects the cash inflow

3 0
2 years ago
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