If there wee 160 houses built and 3/8 of them are sold than how many are left
1 answer:
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An interesting twist to a binomial distribution problem.
Given:
p=55%=0.55 for probability of success in solicitation
x=4=number of successful solicitations
n=number of calls to be made
P(x,n,p)>=89.9%=0.899 (from context, it is >= and not =, which is almost impossible)
From context of question, all calls are assumed independent, with constant probability of success, so binomial distribution is applicable.
The number of successes, x, is then given by
where
p=probability of success
n=number of trials
x=number of successes
Here we need n such that
P(x,n,p)>=0.899
given
x>=4, p=0.55, which means we need to find
Method 1: if a cumulative binomial distribution table is available, we can look up n=9,10,11 and find
P(x>=4,9,0.55)=0.834
P(x>=4,10,0.55)=0.898
P(x>=4,11,0.55)=0.939
So she must make (at least) 11 calls to make sure the probability of meeting her quota is 89.9% or more.
Method 2: using technology.
Similar to method 1, we can look up the probabilities directly, for n=9,10,11
P(x>=4,9,0.55)=0.834178
P(x>=4,10,0.55)=0.8980051
P(x>=4,11,0.55)=0.9390368
Method 3: using simple calculator
Here we need to calculate the probabilities for each value of n=10,11 and sum the probabilities of FAILURE S=P(0,n,0.55)+P(1,n,0.55)+P(2,n,0.55)+P(3,n,0.55)
so that the probability of success is 1-S.
For n=10,
P(0,10,0.55)=0.000341
P(1,10,0.55)=0.004162
P(2,10,0.55)=0.022890
P(3,10,0.55)=0.074603
So that
S=0.000341+0.004162+0.022890+0.074603
=0.101995
and Probability of getting 4 successes (or more)
=1-S
=0.898005, missing target by 0.1%
So she will have to make 11 phone calls, bring up the probability to 93.9%. The work is similar to that of n=10.
Given:
p=55%=0.55 for probability of success in solicitation
x=4=number of successful solicitations
n=number of calls to be made
P(x,n,p)>=89.9%=0.899 (from context, it is >= and not =, which is almost impossible)
From context of question, all calls are assumed independent, with constant probability of success, so binomial distribution is applicable.
The number of successes, x, is then given by
p=probability of success
n=number of trials
x=number of successes
Here we need n such that
P(x,n,p)>=0.899
given
x>=4, p=0.55, which means we need to find
Method 1: if a cumulative binomial distribution table is available, we can look up n=9,10,11 and find
P(x>=4,9,0.55)=0.834
P(x>=4,10,0.55)=0.898
P(x>=4,11,0.55)=0.939
So she must make (at least) 11 calls to make sure the probability of meeting her quota is 89.9% or more.
Method 2: using technology.
Similar to method 1, we can look up the probabilities directly, for n=9,10,11
P(x>=4,9,0.55)=0.834178
P(x>=4,10,0.55)=0.8980051
P(x>=4,11,0.55)=0.9390368
Method 3: using simple calculator
Here we need to calculate the probabilities for each value of n=10,11 and sum the probabilities of FAILURE S=P(0,n,0.55)+P(1,n,0.55)+P(2,n,0.55)+P(3,n,0.55)
so that the probability of success is 1-S.
For n=10,
P(0,10,0.55)=0.000341
P(1,10,0.55)=0.004162
P(2,10,0.55)=0.022890
P(3,10,0.55)=0.074603
So that
S=0.000341+0.004162+0.022890+0.074603
=0.101995
and Probability of getting 4 successes (or more)
=1-S
=0.898005, missing target by 0.1%
So she will have to make 11 phone calls, bring up the probability to 93.9%. The work is similar to that of n=10.
<em><u>The expression that describes the number of tickets won by Lily is:</u></em>
a = 8 + 4.5c where "a" is the number of tokens won by Lily and "c" is the number of tokens won by Ben
<em><u>Solution:</u></em>
Given that Lily, Louis, and Ben went to an arcade and won tokens for prizes
Let "a" be the number of tokens won by Lily
Let "b" be the number of tokens won by Louis
Let "c" be the number of tokens won by Ben
<em><u>Given that Louis won 4.5 times as many tokens as Ben</u></em>
So we can frame a equation as:
number of tokens won by Louis = 4.5 times as many tokens as Ben
number of tokens won by Louis = 4.5 x number of tokens won by Ben
b = 4.5c
<em><u>Given that Lily won 8 more tokens than Louis</u></em>
number of tokens won by Lily = 8 + number of tokens won by Louis
a = 8 + b
Substituting the value of b = 4.5c in above expression
a = 8 + 4.5c
Thus the expression that describes how many tokens Lily won is found