« previous next »

Author Question: The following probability distribution was subjectively assessed for the number of sales a ... (Read 104 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jun 24, 2018
The following probability distribution was subjectively assessed for the number of sales a salesperson would make if he or she made five sales calls in one day.
 
  Sales Probability
  0 0.10
  1 0.15
  2 0.20
  3 0.30
  4 0.20
  5 0.05
 
  When the salesperson makes a sale, there are three possible sales levels: large, medium, and small. The probability of a large sale is 0.20 and the chance of a medium sale is 0.60. The probability on a given day that the salesperson will make one sale and that it is medium is 0.09.
   Indicate whether the statement is true or false

Question 2

For constructing a p-chart, it is recommended that ________.
 
  A) a minimum of 100 samples be taken, each with a minimum sample size of 25
  B) a minimum of 10 samples be taken, each with a minimum sample size of 30
  C) a minimum of 1776 samples be taken, each with a minimum sample size of 74
  D) a minimum of 25 samples be taken, each with a minimum sample size of 100
Statistics, Data Analysis, and Decision Modeling ¦ Evans ¦ 5th Edition
Buy Test-Bank


lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Some mangrove islands in the Florida Keys, which number in the thousands, are convenient places to t Some mangrove islands in the Florida Keys, which number in the thousands, are convenient places to t
Distribution of Aggregate Mining Distribution of Aggregate Mining
Estimated Number of New Sexually Transmitted Infections Estimated Number of New Sexually Transmitted Infections
The Distribution of Growth Rates, 1975–2009 The Distribution of Growth Rates, 1975–2009
Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ... Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ...
Near-uniform distribution of nesting seabirds Near-uniform distribution of nesting seabirds
Video: Heart Chambers

For a complete list of videos, visit our video library