This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The management of a grocery store has kept a record of bad checks received per day for a period of ... (Read 46 times)

desireelg_7

  • Full Member
  • ***
  • Posts: 146
on: Mar 25, 2023

Question 1

The following table shows part of the probability distribution for the number of boats sold daily at Boats Unlimited. It is known that the average number of boats sold daily is 1.57.

 

x

f(x)

0

0.20

1

0.30

2

0.32

3

?

4

0.05

5

0.02


 

Compute the variance and the standard deviation for this probability distribution.



Question 2

The management of a grocery store has kept a record of bad checks received per day for a period of 200 days. The data are shown below.
 


 

Number of Bad

 

Checks Received

Number of Days

0

8

1

12

2

20

3

60

4

40

5

30

6

20

7

10


 

a.Develop a probability distribution for the above data.
b.Is the probability distribution that you found in Part “a” a proper probability distribution? Explain.
c.Determine the cumulative probability distribution F(x).
d.What is the probability that in a given day the store receives four or less bad checks?
e.What is the probability that in a given day the store receives more than 3 bad checks?

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by desireelg_7 on Mar 25, 2023

Harsh06

  • Full Member
  • ***
  • Posts: 162
Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


desireelg_7

  • Member
  • Posts: 146
Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

The Period-Luminosity Relation The Period-Luminosity Relation
When young infants hold objects for a long period of time they eventually become habituated to them. When young infants hold objects for a long period of time they eventually become habituated to them.
Special Purpose Checks Special Purpose Checks
Opioids for Pain Management Opioids for Pain Management
Marketing Management, 4th Edition Marketing Management, 4th Edition
State the amplitude, period, equation of the axis, and maximum and minimum value State the amplitude, period, equation of the axis, and maximum and minimum value
Video: Glycolysis - and oxygen

For a complete list of videos, visit our video library