Activity Two: A Frequency Table Then Probability Table An appliance store owner is interested in the...
Activity Two: A Frequency Table Then Probability Table An appliance store owner is interested in the relationship between price (retail or sales) and the customer's decision to purchase an extended warranty or not. The owner defines the following events: A = Item is purchased at retail price; B=Item is purchased at sale price; C=Extended warranty is purchased; D=Extended warranty is not purchased.
When examining 2000 invoices he determined the following: 420 purchases made at the retail price also involved the purchase of extended warranty. A total of 160 purchases were made at the sale price but without extended warranty. In total, 700 purchases were made at the original retail price.
(a) construct a bi?variate table, which represents the frequency of purchases for the relevant joint events and
(b) construct a corresponding joint probability table, which includes the marginal probabilities.
Homework Answers
Add Answer to:
Activity Two: A Frequency Table Then Probability Table An
appliance store owner is interested in the...
Could you help with these questions please Activity Two: A Frequency Table Then Probability Table appliance...
Could you help with these questions please
Activity Two: A Frequency Table Then Probability Table appliance store owner is interested in the relationship between price (retail or sales) the customer's decision to purchase an extended warranty or not. The owner defines the following events: A Item is purchased at retail price; C Extended warranty is purchased; B-ltem is purchased at sale price; D-Extended warranty is not purchased hen examining 2000 invoices he determined the following: 420 purchases made at the...
16. The owner of an appliance store is interested in the relation- ship between the price...
16. The owner of an appliance store is interested in the relation- ship between the price at which an item is sold e (regular or sale price) and the customer's decision on whether he to purchase and extended waranty. After analyzing her st. me records, she produced the following joint probabilities: PurchasedDid not purchase extended warranty extended warranty Regular Price 0.21 0.51 0.18 Sale Price0.1 A. What is the probability that a customer who bought an Probability item at the...
After analyzing several months of sales data, the owner of an appliance store produced the following...
After analyzing several months of sales data, the owner of an appliance store produced the following joint probability distribution of the number of refrigerators and stoves sold hourly Stoves/refrigerators 0 1 2 F (i) 0.14 0.17 0.12 0.13 0.09 0.05 0.29 a. Fill in the missing values b. What are the laws for a discrete probability density function? c. If a customer purchases 2 stoves, what is the probability they will also purchase two refrigerators? d. What is the average...
uestion 5 (I mark) Afer analyzing several months of sales data, the owner of an appliance...
uestion 5 (I mark) Afer analyzing several months of sales data, the owner of an appliance store produced the followin joint probability distribution of the number of refrigerators and stoves sold hourly Stoves Refrigerators 0 0 0.14 0.12 0.09 0.17 0.13 0.05 0.27 0) 0.29 a) Fill in the missing values above. b) What are the laws for a discrete probability density function? c) If a customer purchases 2 stoves, what is the probability that they also purchase 2 refrigerators?...
Pinewood Industries uses a perpetual inventory system, recording cost of goods sold each time there is...
Pinewood Industries uses a perpetual inventory system, recording cost of goods sold each time there is a sale, and updating inventory records for each new purchase of goods. The company has the following transactions and events at 31 December 2019, the end of the accounting period: a. Pinewood has a term loan from its bank, of $400,000. Interest at the rate of 3% per annum is paid at the end of each month. Interest for December was not paid until 2...
Most grocery stores use bar code scanning technologies that interface with cash registers used to process...
Most grocery stores use bar code scanning technologies that interface with cash registers used to process customer purchases. Cashiers use the scanners to read bar code labels attached to each product, which the system then uses to obtain unit prices, calculate transaction totals, including sales taxes, and update perpetual inventory databases. Similarly, cashiers scan bar codes on coupons or member discount cards presented by the customer to process discounts. Along with the scanning technologies, groceries use point-of-sale technologies that allow...
Questions: For Kroger deposits in transit: What is the account titled Store deposits in-transit (refer to footnote...
Questions: For Kroger deposits in transit: What is
the account titled Store deposits in-transit (refer to footnote 1)?
This is not an account you will find on the majority of company
financial statements. Why does Kroger include this account? Is it
odd that this account is larger than the cash balance? How do you
explain this?
Information Needed to Answer Questions:
Jan. 28, 2017 Jan. 30, 2016 $322 910 1,649 7,852 (1,291) 898 $ 277 923 1,734 7,440 (1,272) 790 9,892...
Introduction William Livingston has recently been hired as the CEO of Electrics, Inc. Previously he had...
Introduction William Livingston has recently been hired as the CEO of Electrics, Inc. Previously he had been the marketing manager for a large manufacturing company and had established a reputation for identifying new consumer trends. Electrics Inc. is a California-based generator manufacturing company. The company is well known for manufacturing large, heavy-duty generators at a reasonable cost. One of its greatest achievements is that its generators can be easily modified or customized for different applications. The company is considering an...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
Discuss the horizontal analysis in the table below, explaining why Cash and Cash equivalents have been...
Discuss the horizontal analysis in the table below, explaining
why Cash and Cash equivalents have been twice in 2018 than 2017
despite cash from Operating Activities falling by almost one third.
And what risks for doing that?
Horizontal Analysis of Cash Flows
Note
2018
2017
Cash flows from operating activities
£m
£m
% change
Cash generated from operations
32
137.5
200.4
(31.4)
Finance income
0.1
0.1
–
Finance costs
(11.1)
(11.2)
(0.9)
Tax received/(paid)
1.3
(16.3)
(108)
Net cash generated...
Could you help with these questions please
Activity Two: A Frequency Table Then Probability Table appliance store owner is interested in the relationship between price (retail or sales) the customer's decision to purchase an extended warranty or not. The owner defines the following events: A Item is purchased at retail price; C Extended warranty is purchased; B-ltem is purchased at sale price; D-Extended warranty is not purchased hen examining 2000 invoices he determined the following: 420 purchases made at the...
16. The owner of an appliance store is interested in the relation- ship between the price at which an item is sold e (regular or sale price) and the customer's decision on whether he to purchase and extended waranty. After analyzing her st. me records, she produced the following joint probabilities: PurchasedDid not purchase extended warranty extended warranty Regular Price 0.21 0.51 0.18 Sale Price0.1 A. What is the probability that a customer who bought an Probability item at the...
After analyzing several months of sales data, the owner of an appliance store produced the following joint probability distribution of the number of refrigerators and stoves sold hourly Stoves/refrigerators 0 1 2 F (i) 0.14 0.17 0.12 0.13 0.09 0.05 0.29 a. Fill in the missing values b. What are the laws for a discrete probability density function? c. If a customer purchases 2 stoves, what is the probability they will also purchase two refrigerators? d. What is the average...
uestion 5 (I mark) Afer analyzing several months of sales data, the owner of an appliance store produced the followin joint probability distribution of the number of refrigerators and stoves sold hourly Stoves Refrigerators 0 0 0.14 0.12 0.09 0.17 0.13 0.05 0.27 0) 0.29 a) Fill in the missing values above. b) What are the laws for a discrete probability density function? c) If a customer purchases 2 stoves, what is the probability that they also purchase 2 refrigerators?...
Most grocery stores use bar code scanning technologies that interface with cash registers used to process customer purchases. Cashiers use the scanners to read bar code labels attached to each product, which the system then uses to obtain unit prices, calculate transaction totals, including sales taxes, and update perpetual inventory databases. Similarly, cashiers scan bar codes on coupons or member discount cards presented by the customer to process discounts. Along with the scanning technologies, groceries use point-of-sale technologies that allow...
Questions: For Kroger deposits in transit: What is
the account titled Store deposits in-transit (refer to footnote 1)?
This is not an account you will find on the majority of company
financial statements. Why does Kroger include this account? Is it
odd that this account is larger than the cash balance? How do you
explain this?
Information Needed to Answer Questions:
Jan. 28, 2017 Jan. 30, 2016 $322 910 1,649 7,852 (1,291) 898 $ 277 923 1,734 7,440 (1,272) 790 9,892...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
Discuss the horizontal analysis in the table below, explaining
why Cash and Cash equivalents have been twice in 2018 than 2017
despite cash from Operating Activities falling by almost one third.
And what risks for doing that?
Horizontal Analysis of Cash Flows
Note
2018
2017
Cash flows from operating activities
£m
£m
% change
Cash generated from operations
32
137.5
200.4
(31.4)
Finance income
0.1
0.1
–
Finance costs
(11.1)
(11.2)
(0.9)
Tax received/(paid)
1.3
(16.3)
(108)
Net cash generated...
Most questions answered within 3 hours.
-
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 9 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 40 minutes ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 4 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 4 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 4 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago