Answer:
0.18 ; 0.1875 ; No
Step-by-step explanation:
Let:
Person making the order = P
Other person = O
Gift wrapping = w
P(p) = 0.7 ; P(O) = 0.3 ; p(w|O) = 0.60 ; P(w|P) = 0.10
What is the probability that a randomly selected order will be a gift wrapped and sent to a person other than the person making the order?
Using the relation :
P(W|O) = P(WnO) / P(O)
P(WnO) = P(W|O) * P(O)
P(WnO) = 0.60 * 0.3 = 0.18
b. What is the probability that a randomly selected order will be gift wrapped?
P(W) = P(W|O) * P(O) + P(W|P) * P(P)
P(W) = (0.60 * 0.3) + (0.1 * 0.7)
P(W) = 0.18 + 0.07
P(W) = 0.1875
c. Is gift wrapping independent of the destination of the gifts? Justify your response statistically
No.
For independent events the occurrence of A does not impact the occurrence if the other.
So, 10^6 = 1,000,000 and 25*1,000,000 is equivalent to 25,000,000.
For x=3, the denominator is equal to 0 and you can't divide by 0.
Answer:
a) (59180,60820)
b) (59020,60980)
Step-by-step explanation:
We are given the following information in the question:
Mean, μ = $60,000
Standard Deviation, σ = $5,000
Sample size, n = 100
a) 90% critical values
Putting the values, we get,
b) 95% critical values
Putting the values, we get,
