« previous next »

Author Question: Fifty-five percent of the applications received for a particular credit card are accepted. Among the ... (Read 148 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jun 24, 2018
Fifty-five percent of the applications received for a particular credit card are accepted. Among the next twelve applications,
 a. what is the probability that all will be rejected?
  b. what is the probability that all will be accepted?
  c. what is the probability that exactly 4 will be accepted?
  d. what is the probability that fewer than 3 will be accepted?
  e. Determine the expected number and the variance of the accepted applications.

Question 2

We are interested in testing to see if the variance of a population is less than 7 . The correct null hypothesis is
 a.  < 7.
  b. 2  7.
  c.  < 49.
  d. 2  49.


alvinum

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 0.0001
b. 0.0008
c. 0.0762
d. 0.0079
e. 6.60; 2.9700

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Each of the eight injectors shown are producing a correct spray pattern for the applications. While ... Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
The Wisconsin Card Sorting Test. This woman is just starting the test. If she places the first card ... The Wisconsin Card Sorting Test. This woman is just starting the test. If she places the first card ...
AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ... AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ...
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library