Question

Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In...

Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In a recent sample of thirty randomly selected sales the number of returns was five. BBS is concerned about the event, and your advice is solicited. (9) What is the probability that a random sample of 30 sales has more than three returns?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Consider X be a random variable which follows binomial distribution. The sample size, n is 30 and the probability of success,

Add a comment
Know the answer?
Add Answer to:
Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In...

    Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In a recent sample of thirty randomly selected sales the number of returns was five. BBS is concerned about the event, and your advice is solicited. (8) (2.5 points) What is the probability that the number of returns is not equal to 4 in a random sample of 30 sales?

  • BINOMIAL PROBABILITIES Big Box Store (BBS) has an annual rate of 4% of all sales being...

    BINOMIAL PROBABILITIES Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In a recent sample of thirty randomly selected sales the number of returns was five. BBS is concerned about the event, and your advice is solicited. (3) (5 points) How many ways can there be 5 returns in a sample of 30 sales? Type the answer and any work below.

  • Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In...

    Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In a recent sample of thirty randomly selected sales the number of returns was five.(Use binomial probability) How many returns are expected in a random sample of 30 sales? What is the standard deviation for this sample? What is the probability that a random sample of 30 sales has 5 returns? What is the probability that a random sample of 30 sales has at least...

  • Michael has a box of colored balls. It contains two red balls, two green balls, two...

    Michael has a box of colored balls. It contains two red balls, two green balls, two yellow balls, and five blue balls. Michael draws a ball at random from the box Let R denote the event that the ball he draws is red, and let B denote the event that the ball he draws is blue. What is Pr(R|B)? What is Pr(R|B′)? Enter your answers as whole numbers or fractions in lowest terms. A bag contains four 1-dollar bills, three...

  • Lesson 6.1.2: Probability Rules the salesman knows that you can give him epod advice. He has...

    Lesson 6.1.2: Probability Rules the salesman knows that you can give him epod advice. He has given you all of his data. He asks you which homeowners you think are most likely to purchase insulation. Compare the homeowners who would purchase insulation using probability. After doing the conditional probabilities what would you tell him? 2 Even though many people are afraid of rattlesnakes, adult rattlesnakes tend to hide rather than bite humans. But they do sometimes bite. Hospitals keep medical...

  • 5.4.1 Question Help A population has a mean = 141 and a standard deviation o =...

    5.4.1 Question Help A population has a mean = 141 and a standard deviation o = 28. Find the mean and standard deviation of the sampling distribution of sample means with sample size n = 40. The mean is :-), and the standard deviation is 0;=0 (Round to three decimal places as needed.) 5.4.2 Question Help A population has a meanu - 74 and a standard deviation = 8. Find the mean and standard deviation of a sampling distribution of...

  • Please do all questions... Six hundred registered voters were surveyed and asked their political affiliation and...

    Please do all questions... Six hundred registered voters were surveyed and asked their political affiliation and whether they support the idea of the Federal Government investing a portion of their social security contributions in the stock market. A summary of the survey is given in the table. If a voter is selected at random, what is the probability that the voter is a republican? Political Affiliation Republican Response Democrat Independent Totals Yes 35 90 10 135 No 165 100 200...

  • SELF 4.24 What business and technical skills are critical Test for today's business intelligence/analytics and infor-...

    SELF 4.24 What business and technical skills are critical Test for today's business intelligence/analytics and infor- mation management professionals? As part of InformationWeek's 2013 U.S. IT Salary Survey, business intelligence/analytics and information management professionals, both staff and managers were asked to indicate what business and technical skills are criti- cal to their job. The list of business and technical skills included Analyzing Data. The following table summarizes the responses to this skill: k. ity the hat PROFESSIONAL POSITION act- Management...

  • Question 1 ASW, a regional shoe chain, has recently launched an online store. Sales via the...

    Question 1 ASW, a regional shoe chain, has recently launched an online store. Sales via the Internet have been sluggish compared to their brick and mortar stores, and management suspects that its regular customers have concerns regarding the security of online transactions. To determine if this is the case, they plan to survey a random sample of their regular customers. Under consideration are several plans for selecting the sample. Name the sampling strategy for each. Plan A - Regular customers...

  • 1/ Consider the following table. Defects in batch Probability 2 0.18 3 0.29 4 0.18 5...

    1/ Consider the following table. Defects in batch Probability 2 0.18 3 0.29 4 0.18 5 0.14 6 0.11 7 0.10 Find the standard deviation of this variable. 1.52 4.01 1.58 2.49 2/ The standard deviation of samples from supplier A is 0.0841, while the standard deviation of samples from supplier B is 0.0926. Which supplier would you be likely to choose based on these data and why? Supplier B, as their standard deviation is higher and, thus, easier to...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT