1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denis-greek [22]
3 years ago
15

Question 1,2,3,4 help

Mathematics
1 answer:
Alex3 years ago
8 0
I wish I could help but it looks hard
You might be interested in
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
The radius of the circle is 3 millimeters. what is the circles area
Irina18 [472]

Answer:

28.26 millimeters

4 0
3 years ago
Convert 60 miles per hour into meters per second
Svetllana [295]
1,609.35 meters are in a mile.
3,600 seconds are in an hour.

1,609.35meters x 60miles = 96,561 meters per hour
96,561meters per hour / 3,600seconds = 26.82 meters per second
3 0
3 years ago
What is 2 2/3 x 15 plz help for my hw
SIZIF [17.4K]
The answer is 40.You should change the 2 2/3 to improper fraction and the times it with 15.
3 0
3 years ago
Read 2 more answers
Trigonometry help please show work. Due soon please help
nexus9112 [7]

Answer:

Step-by-step explanation:

5 0
2 years ago
Other questions:
  • I truly need help please
    8·1 answer
  • If a great white shark weighs 4126 pounds, rank the following scale weights from most accurate to least accurate. 4200.34 pounds
    13·1 answer
  • !!!!!!!!!!!!!!!!!!!!!!
    13·1 answer
  • Find the missing numerator in each of the following fractiions? A. 5/6= /12. B. 2/4= /36. C. 2/5=/20. D. 4/25=/100
    9·1 answer
  • If nine is X percent of 45, what is X percent of 5
    10·1 answer
  • What is the value of x?
    11·1 answer
  • Choose an equivalent ratio. 5:7<br><br> A) 7:9<br> B) 10:14<br> C) 14:15<br> D) 15:23
    12·2 answers
  • Which one is smaller, 2 6/25 or 2 1/8
    6·2 answers
  • I need help with homework!<br>​
    12·2 answers
  • Lilly uses 9 flowers in each bouquet. She needs flowers for at most 18 bouquets. Determine how many flowers Lilly needs for the
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!