I don’t know how to do that

According to Padgett Business Services, 20% of all small-business owners say the most important advice for starting a business i

elena-s [515]

Answer:

a) There is a 6.88% probability that none of the owners would say preparing for long hours and hard work is the most important advice.

b) There is a 1.93% probability that six or more owners would say preparing for long hours and hard work is the most important advice.

c) There is a 10.32% probability that exactly five owners would say having good financing ready is the most important advice.

d) The expected number of owners who would say having a good plan is the most important advice is 2.28

Step-by-step explanation:

Questions a), b), c) are all solved as binomial distribution problems.

Question d) is a simple calculation.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.\pi^{x}.(1-\pi)^{n-x}$

In which C_{n,x} is the number of different combinatios of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And $\pi$ is the probability of X happening.

For these problems

12 business owners were contacted, so $n = 12$ .

a. What is the probability that none of the owners would say preparing for long hours and hard work is the most important advice?

20% of all small-business owners say the most important advice for starting a business is to prepare for long hours and hard work, so $\pi = 0.2$ .

That is P(X=0) when $\pi = 0.2$ .

$P(X = x) = C_{n,x}.\pi^{x}.(1-\pi)^{n-x}$

$P(X = 0) = C_{12,0}.(0.2)^{0}.(0.8)^{12} = 0.0688$

There is a 6.88% probability that none of the owners would say preparing for long hours and hard work is the most important advice.

b. What is the probability that six or more owners would say preparing for long hours and hard work is the most important advice?

20% of all small-business owners say the most important advice for starting a business is to prepare for long hours and hard work, so $\pi = 0.2$ .

This is:

$P = P(X = 6) + P(X = 7) + P(X = 8) + P(X = 9) + P(X = 10) + P(X = 11) + P(X = 12)$

$P(X = x) = C_{n,x}.\pi^{x}.(1-\pi)^{n-x}$

$P(X = 6) = C_{12,6}.(0.2)^{6}.(0.8)^{6} = 0.0155$

$P(X = 7) = C_{12,7}.(0.2)^{7}.(0.8)^{5} = 0.0033$

$P(X = 8) = C_{12,8}.(0.2)^{8}.(0.8)^{4} = 0.0005$

$P(X = 9) = C_{12,9}.(0.2)^{9}.(0.8)^{3} = 0.00006$

$P(X = 10) = C_{12,10}.(0.2)^{10}.(0.8)^{2} = 0.000004$

$P(X = 11) = C_{12,11}.(0.2)^{11}.(0.8)^{1} = 0.0000002$

$P(X = 12) = C_{12,12}.(0.2)^{12}.(0.8)^{0} = 0.000000004$

So:

$P = P(X = 6) + P(X = 7) + P(X = 8) + P(X = 9) + P(X = 10) + P(X = 11) + P(X = 12) = 0.0155 + 0.0033 + 0.0005 + 0.000006 + 0.000004 + 0.0000002 + 0.000000004 = 0.0193$

There is a 1.93% probability that six or more owners would say preparing for long hours and hard work is the most important advice.

c. What is the probability that exactly five owners would say having good financing ready is the most important advice?

Twenty-five percent say the most important advice is to have good financing ready, so $\pi = 0.25$

$P(X = x) = C_{n,x}.\pi^{x}.(1-\pi)^{n-x}$

$P(X = 5) = C_{12,5}.(0.25)^{5}.(0.75)^{7} = 0.1032$

There is a 10.32% probability that exactly five owners would say having good financing ready is the most important advice.

d. What is the expected number of owners who would say having a good plan is the most important advice?

Nineteen percent say having a good plan is the most important advice, so that is $0.19*12 = 2.28$

The expected number of owners who would say having a good plan is the most important advice is 2.28

4 0

3 years ago

4 over 1 divided by 9 over 8 equals

eduard

Answer:

3 5/9

Step-by-step explanation

you flip 9/8 to 8/9 and multiply... you get 32/9=3 5/9

7 0

3 years ago

A truck's gas tank holds 50 gallons of gas. if one gallon takes 30 seconds to pump, how many minutes will it take to fill the em

umka2103 [35]

To find how long it will take to fill the tank, you can use the idea that every 30 seconds will get you one gallon closer to being full.

This means to fill 50 gallons, you will need 50 groups of 30 seconds.

50 x 30 = 1500 seconds

1500/60 = 25 minutes.

It will take 25 minutes.

You could also think of it as filling 2 gallons every minute. It would take 25 of these.

7 0

2 years ago

The side of a square measures (2x − 5) units. Part A: What is the expression that represents the area of the square? Show your w

kolbaska11 [484]

A. The area of a square is given as:

A = s^2

Where s is a measure of a side of a square. s = (2 x – 5) therefore,

A = (2 x – 5)^2

Expanding,

A = 4 x^2 – 20 x + 25

B. The degree of a polynomial is the highest exponent of the variable x, in this case 2. Therefore the expression obtained in part A is of 2nd degree.

Furthermore, polynomials are classified according to the number of terms in the expression. There are 3 terms in the expression therefore it is classified as a trinomial.

C. The closure property demonstrates that during multiplication or division, the coefficients and power of the variables are affected while during multiplication or division, only the coefficients are affected while the power remain the same.

5 0

2 years ago

Please help!!! This is one question with a couple parts I am extremely confused and it would be amazing if you could show steps!

Dovator [93]

Answer:

a) |n -11| = 5

b) n ∈ {6, 16}

Step-by-step explanation:

The wording of the question is ridiculous. We assume it is intended to read, "The distance between two numbers is 5. One of the numbers is 11. What are the possibilities for the other?"

a) The distance between a number (n) and 11 can be written as ...

|n -11|

Since we want that distance to be 5, we can write the equation ...

|n -11| = 5

__

b) The equation resolves to two:

n -11 = 5
n -11 = -5

Adding 11 to both sides of both equations gives ...

n = 16
n = 6

The two solutions are n=6 and n=16.

_____

Comment on the question statement

Increasingly, we see curriculum materials written in Pidgin English or where the words have a meaning different from that understood by a native English speaker. It appears you are the lucky recipient of such materials, so must do occasional "interpretation". Here, it seems that "two time a number" is intended to mean "two numbers."

4 0

3 years ago