An online video store in the United Kingdom estimates that annual expenditures of members on rentals...
An online video store in the United Kingdom estimates that annual expenditures of members on rentals follow a normal distribution with a mean of £150. It was also found that 20% of all members spend more than £200 in a year. What percentage of members spends more than £220?
Homework Answers
Let X denote the expenditure of members on rentals. then x
follows a normal distribution with a mean of £150 and an unknown
standard deviation 
. Here given that 20% of all members spend more than £200 in a
year, i.e.
Thus, the probability that a member spends more than £220 is
Thus the corresponding probability is 11.93%
Add Answer to:
An online video store in the United Kingdom estimates that
annual expenditures of members on rentals...
Questions: 1. What trends are happening as it relates to consumer retail purchases, online vs. in-store?...
Questions: 1. What trends are happening as it relates to consumer retail purchases, online vs. in-store? 2. What challenges do traditional retailers face in trying to transition from in-store sales to online sales? 3. List and briefly describe at least three of the strategies that Target has implemented in its staffing system to better accommodate online sales. 4. What are the career implications of the trends described in this article? 5. From a consumer perspective, what are the relative advantages...
An online store would like to decrease the inventory level of its warehouse by selling the...
An online store would like to decrease the inventory level of its warehouse by selling the old model of a particular mobile phone. They cannot cut down the price directly because the contract that they signed with the supplier does not allow it. Therefore, they plan to give coupons to the customers to buy the mobile phone with 20% discount of the original price. The original price is $8,000 (it means that the customers can buy the mobile phone with...
Read the brief Communication Current about Nonverbal Immediacy in the Online classroom then in a half...
Read the brief Communication Current about Nonverbal Immediacy in the Online classroom then in a half page to one page summary include: a. Write a short summary of the main points of the article. b. Discuss how the research topic relates to at least two concepts you have studied in class. Instructor’s Corner: Nonverbal Immediacy Behaviors and Online Student Engagement DECEMBER 1, 2016 Digital Communication & Gaming, Nonverbal Communication, Visual Communication In 2016, Sloan Consortium reported that 5.8 million students...
1) Let x be a continuous random variable that is normally distributed with a mean of...
1) Let x be a continuous random variable that is normally distributed with a mean of 21 and a standard deviation of 7. Find to 4 decimal places the probability that x assumes a value a. between 24 and 30. Probability = b. between 17 and 31. Probability = ------------------------------------------------------------------------------------------------------------------------------------------------------ 2) Let x be a continuous random variable that is normally distributed with a mean of 65 and a standard deviation of 15. Find the probability that x assumes a...
PROBLEM SET 2 (Due date: after the class on June 11) 1. Suppose that the mean...
PROBLEM SET 2 (Due date: after the class on June 11) 1. Suppose that the mean price per liter of regular gas(oline) sold in Korea is 1,200 Won Now assume the population mean price per liter is 1, 200, and the population standard deviation is o = 400. Suppose that a random sample of 500 gas stations will be selected, and a sample mean price per liter will be computed for data collected from the 500 gas stations. (a) Show...
30 Fuel efficiency. Computers in some vehicles calculate various quantities related to performance. One of these...
30 Fuel efficiency. Computers in some vehicles calculate various quantities related to performance. One of these is the fuel efficiency, or gas mileage, usually expressed as miles per gallon (mpg). For one vehicle equipped in this way, the miles per gallon were recorded each time the gas tank was filled, and the computer was then reset. Here are the mpg values for a random sample of 20 of these records: MPG 41.5 43.2 50.7 44.6 36.6 48.4 37.3 46.4 34.2...
Can Technology Save Sears? Sears, Roebuck used to be the largest retailer in the United States, w...
Can Technology Save Sears? Sears, Roebuck used to be the largest retailer in the United States, with sales representing 1 to 2 percent of the U.S. gross national product for almost 40 years after World War II. Since then, Sears has steadily lost ground to discounters such as Walmart and Target and to competitively priced specialty retailers such as Home Depot and Lowe’s. Even the merger with Kmart in 2005 to create Sears Holding Company failed to stop the downward...
Please help with the following, I have already done most of them. Please verify Question1 Select...
Please help with the following, I have already done most of
them. Please verify
Question1 Select one answer The histogram below displays the distribution of so ages at death due to trauma (unnatural accidents and homicides) that were observed in a certain hospital during a week. opoints 18 16 14 12 10 а» 10 20 30 40 50 60 70 80 90 Age Which of the following are the appropriate numerical measures to describe the center and spread of the...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED....
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
Pros of Government Regulation Government regulation cost American $55 billion per year. Annual expenditures that U.S....
Pros of Government Regulation Government regulation cost American $55 billion per year. Annual expenditures that U.S. business must comply by cost $700 billion per year, and this only takes into account explicit cost. Additional cost could amount to almost $300 billion per year Aside from the money aspect of government regulation, there are several other vital cost. Many people find it difficult to run a successful business with such harsh regulations. It can be difficult to follow one government regulation...
PROBLEM SET 2 (Due date: after the class on June 11) 1. Suppose that the mean price per liter of regular gas(oline) sold in Korea is 1,200 Won Now assume the population mean price per liter is 1, 200, and the population standard deviation is o = 400. Suppose that a random sample of 500 gas stations will be selected, and a sample mean price per liter will be computed for data collected from the 500 gas stations. (a) Show...
30 Fuel efficiency. Computers in some vehicles calculate various quantities related to performance. One of these is the fuel efficiency, or gas mileage, usually expressed as miles per gallon (mpg). For one vehicle equipped in this way, the miles per gallon were recorded each time the gas tank was filled, and the computer was then reset. Here are the mpg values for a random sample of 20 of these records: MPG 41.5 43.2 50.7 44.6 36.6 48.4 37.3 46.4 34.2...
Please help with the following, I have already done most of
them. Please verify
Question1 Select one answer The histogram below displays the distribution of so ages at death due to trauma (unnatural accidents and homicides) that were observed in a certain hospital during a week. opoints 18 16 14 12 10 а» 10 20 30 40 50 60 70 80 90 Age Which of the following are the appropriate numerical measures to describe the center and spread of the...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
Most questions answered within 3 hours.
-
a radio station transmits at 78.1 mhz. a hz is an inverse
second. how far apart...
asked 16 minutes ago -
Write the equilibrium expression for the dissociation in
water for CH5N, C2H5O2COOH, H3AsO4, KClO2, HC2H2ClO2.
asked 22 minutes ago -
In risk management, insurance is an example of:
Select one:
a. Risk avoidance
b. Risk deflection...
asked 24 minutes ago -
Wildhorse Company follows the practice of pricing its inventory
at the lower-of-cost-or-market, on an individual-item
basis....
asked 58 minutes ago -
3. (10 pts) You grow a corn crop that yields 150 bushels ac-1,
with the following...
asked 47 minutes ago -
7. The term Six Sigma refers to:
Select one:
a. The control limits established in a...
asked 56 minutes ago -
For the following reaction: A(g) + 2 B(g) ⇌ 2 C(g) Calculate the
equilibrium constant K...
asked 58 minutes ago -
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 1 hour ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 1 hour ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 1 hour ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 1 hour ago -
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 1 hour ago