A marketing agency has developed three vacation packages to promote a timeshare plan at a new resort. They estimate that 20% of potential customers will choose the day plan, which does not include accommodations; 40% will choose the overnight plan, which one night at the resort; and 40% will choose ...

Below is the a set of temperatures measured in degrees Fahrenheit of randomly selected cities in September. You WILL need to use excel for some of the answers to this question. 68 50 99 73 79 80 82 95 73 84 86 92 45 90 See the attachment for the full questions. The mean temperature is: The ...

The new GM of North-South Railways initiated a drive to make sure that trains do run on time. He had collected data on 200 instances where the trains arrived late at the destination. Of these, 160 started late (SL) at the origin itself, where as the remaining 40 did start on time (SO), but reached...

Chicken eggs are sold according to their size. The chart shows how eggs are classified by their size. The eggs produced at Jen's Hen Farm and Rick's Chick Farm are normally distributed. The eggs produced at Jen's Hen Farm have a mean weight of 2.11 ounces and a standard deviation of 0.08 ounce....

Marine biologists in Florida are studying the tiger shark to determine the factors that are contributing to their diminishing population. Adult tiger sharks along the Atlantic Coast of Florida have a mean length of 11.5 feet with a standard deviation of 0.9 foot. Adult tiger sharks along the Gulf ...

The birth weights of African lions are normally distributed. The average birth weight of an African lion is 3.6 pounds with a standard deviation of 0.4 pound. 13. What percent of newborn African lions weigh less than 3 pounds? 14. What percent of newborn African lions weight more than 3.8 pounds?...

The time to cook a bag of microwave popcorn is normally distributed with a mean of 3.5 minutes and a standard deviation of 0.6 minute. Suppose that you randomly select a microwave popcorn bag from the sample. Use the given information and the distribution to answer each question. Explain your ...

A researcher recorded the birth weights of a sample of newborn babies. The average birth weight was 7.2 pounds and the standard deviation was 0.9 pound. The birth weights follow a normal distribution. 1. Label the number line so that the curve is a normal curve and follows the properties of the...

*Note: For problems 1 - 4, complete the 5-step process: Step 1: State the null hypothesis and the alternate hypothesis. Step 2: Select the level of significance. Step 3: Evaluate the test statistic. Step 4: Formulate a decision rule with critical value of test statistic. Step 5: Compare the t...

A local university administers a comprehensive examination to the candidates for B.S. degrees in Business Administration. Five examinations are selected at random and scored. The scores are shown below. Grades 80 90 91 62 77 I am interested in the overall performance for all candidates ...

Given the following payoff matrix, ( a) indicate the best strategy for each firm. ( b) Why is the entry-deterrent threat by firm A to lower the price not credible to firm B? ( c) What could firm A do to make its threat credible without building excess capacity? (Refer to Tables Sheet) NOTE: P1...

Question 1 A family member can go to one of two local hospitals for brain surgery. Checking the history for the past year, you find that each of the two hospitals has performed brain surgery on 1000 patients. In hospital A 710 patients survived (71%). In hospital B 540 (54%) survived. Based on t...

Maximum and Minimum Temperatures Search the Internet for U.S. climate data. Choose the city in which you live. Click on the tab that reads "Daily." 1. Prepare a spreadsheet with three columns: Date, High Temperature, and Low Temperature. List the past 60 days for which data is a...

Scenario: You are an entrepreneur that has several business investments in real estate, restaurants, and retail stores. You are looking for your next investment opportunity for you and your private equity investment company. You have found two possible alternatives to invest in that will payoff in t...

New Competencia Demographic Data 1. Assuming no calls have been made to New Competencia residents yet, what is the probability that the first phone call will be to someone in McGovern's target population? 2. A few hours into your visit, the polling center has called 37 small business owners,...

The next North Carolina gubernatorial election will be held in 2016. Suppose that 52% of North Carolina voters actually support Candidate A in that election. a) What is the probability that a poll of a simple random sample of 100 NC voters will result in at least half of those polled favoring t...

Game Overview ● There are 15 toolboxes, each holding a prize of a set value. ● As the contestant, you must begin the game by randomly select one toolbox. The value hidden in this toolbox is what you will win if you choose to keep it throughout the game, but you will have multiple chances to tr...

Mimi was the 5th seed in 2014 UMUC Tennis open that took place in August. In this tournament, she won 80 of her 100 serving games. Based on UMUC sports Network, she wins 75% of ;the serving games in her 5 year tennis career. 1. Find a 90 % confidence interval estimate of the proportion of serving...

A poll was taken to determine the birthplace of a class of college students. Below is a chart of the results. a. What is the probability that a female student was born in Orlando? b. What is the probability that a male student was born in Miami? c. What is the probability that a student was bor...

Competition: P = 8 Q= 2 Monopoly: P = 107.4 Q = 4.2 Find total revenue, total cost and profit. Competition: Qd= 1- .5p Qs = -2 + p TC = 20 + 4Q +Q(2) where (2) means squared. Find: TC,TR, P, Q and profit Monopoly: P = 120 -3Q TC = 20 + 10Q + 10Q(2) where (2) means s...

The Nordic Ecolabel is the official Ecolabel of the Nordic countries and was established in 1989 by the Nordic Council of Ministers.The Nordic Ecolabel evaluates a product's impact on the environment throughout the whole life cycle. The label guarantees among other things that climate requirements a...

Your mayor just announced that the local unemployment rate dropped last month from the prior month. It went from 10.5% to 10.4%. Is this a significant drop? Explain.

An airline has classified its customers as high-volume travelers (assumed to be business travelers) and low-volume travelers (assumed to be leisure travelers). Eighty five percent are high volume travelers. If five people are randomly selected from a list of customers, What is the probability none a...

Number Of Hours Of Television Watched 36.1 30.5 2.9 17.5 21.0 23.5 25.6 16.0 28.9 29.6 7.8 20.4 33.8 36.8 0.0 9.9 25.8 19.5 19.1 18.5 22.9 9.7 39.2 19.0 8.6 Using the following normal probability plot, determine if the data could have come from a normal distribution. Normal Probability Ch...

1) The average amount of participation in Dallas, Texas, during the month of April is 3.5 inches Assume that a normal distribution applies and that the standard deviation is .8 inches. What percentage of the time dose the amount of rainfall in April exceed 5 inches? What percentage of the time i...

What is the probability of P(-1.4 < Z < 0.6)? In a standard normal distribution, what is the area which lies between Z = -1.72 and Z = 2.53? Use the following information to conduct the confidence intervals specified to estimate μ. 95% confidence; X ̅=25, σ^2= 12.25, and n=60. ...

Consider the following hypothesis test: Ho (null hypothesis): µ = 15 Ha (alternative hypothesis): µ ≠ 15 A sample of 25 gives a sample mean of 14.2 and sample standard deviation of 5. Answer the following questions regarding the hypothesis test. a) At α = 0.05, what is the rejection ...

Please include all steps. 1) In a poll, respondents were asked if they have traveled to Europe. 68 respondents indicated that they have traveled to Europe and 124 respondents said that they have not traveled to Europe. If one of these respondents is randomly selected, what is the probability of ...

3 8 6 5 7 11 6 4 9 9 1-Using the data set above, what value would you select to have less than a 25% chance of having a number smaller than this value 2-What is the chance that a value will be greater than 8 for the data set above

See attachment for data. What is the probability that the student is a junior and makes a B in the course? What is the probability that the student does not make a A in the course, given that the student is a senior? What is the probability that the student makes a D or F in the cour...