5. The mean time for a 100 meter race at a college track meet is 13.2...
The mean time for a 100 meter race at a college track meet is 13.2 seconds, with a standard deviation of 0.9 seconds. To win, the net sprinter needs to run the race in 12.5 seconds or less. Assuming this random variable is normally distributed, what is the probability of thee sprinter running the race in a short enough time to take the lead? **PLEASE SHOW ALL CALULATIONS SO I CAN HAVE A BETTER UNDERSTANDING**
A denim company sells its jeans both online and at a retail store. Assume that 80% of the company's sales are retail, and 20% of sales are online. a. What's the probability that all of the next four pairs of jeans are sold online? b. What's the probability that three out of the next four pairs of jeans are sold online? c. Use your answers from parts (a) and (b) to derive a formula for plx), the probability distribution of...
A denim company sells its jeans both online and at the retail store. Assume that 80% of the company's sales are retail, and 20% of sales are online. A. What's the probability that all of the next four pairs of jeans are sold online? B. What's the probability that 3 out of the next 4 parts of jeans are sold online? C. Use your answers from parts (a and b) to derive a formula for p(x), the probability distribution of...
A denim company sells its jeans both online and at the retail store. Assume that 80% of the company's sales are retail, and 20% of sales are online. A. What's the probability that all of the next four pairs of jeans are sold online? B. What's the probability that 3 out of the next 4 parts of jeans are sold online? C. Use your answers from parts (a and b) to derive a formula for p(x), the probability distribution of...
The 100-meter race times at a state track meet are normally distributed with a mean of 14.62 seconds and a standard deviation of 2.13 seconds. Using the Standard Normal Probabilities table, what is the approximate probability that a runner chosen at random will have a 100-meter time less than 15.5 seconds? 1. 0.1894 2. 0.3409 3. 0.6591 4. 0.7910
At a large track meet, times in the 100-meter race follow a normal distribution with mean 11.23 seconds and standard deviation 0.46 seconds. Times in the 200-meter race follow a normal distribution with mean 20.85 seconds and standard deviation 0.87 seconds. One runner had a time of 10.67 seconds in the 100-meter race. What must his 200-meter race time be in order for him to be at the same percentile as the 100-meter race?
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...