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
Sphinxa [80]
3 years ago
11

"In a mid-size company, the distribution of the number of phone calls answered each day by each of the 12 receptionists is bell-

shaped and has a mean of 37 and a standard deviation of 7. Using the Empirical Rule (as presented in the book), what is the approximate percentage of daily phone calls numbering between 23 and 51?
Business
1 answer:
viva [34]3 years ago
5 0

Answer:

z= \frac{51-37}{7}=2

z= \frac{23-37}{7}=-2

So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.

So then we can answer this question like this:

P(23

Or 95%

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The empirical rule, also referred to as the three-sigma rule or 68-95-99.7 rule, is a statistical rule which states that for a normal distribution, almost all data falls within three standard deviations (denoted by σ) of the mean (denoted by µ). Broken down, the empirical rule shows that 68% falls within the first standard deviation (µ ± σ), 95% within the first two standard deviations (µ ± 2σ), and 99.7% within the first three standard deviations (µ ± 3σ).

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

For this case we know that the the random variable X represent the number of phone calls answered by each of the 12 receptionists is bell shaped with a mean \mu = 37 and a standard deviation of \sigma = 7.

And for this case we want to find this probability:

P(23

And the best way to solve this is using the z score formula given by:

z = \frac{x-\mu}{\sigma}

Because the z score quantifies how many deviation we are from the mean.

For the value fo 51 we have this:

z= \frac{51-37}{7}=2

And for the 23 we got:

z= \frac{23-37}{7}=-2

So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.

So then we can answer this question like this:

P(23

Or 95%

You might be interested in
Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda and yet they sell almos
777dan777 [17]

Answer:

These are the answer choices for the question:

Students do not have good nutritional information.

Soda purchases represent a large fraction of students' budgets.

There are few other places to purchase soda on campus.

The price elasticity of demand for soda is equal to 1.

And this is the correct answer choice:

There are few other places to purchase soda on campus.

Explanation:

If vending machines raise the price of soda by two, by the still sell almost the same amount, this means that they have a monopoly over the selling of soda in campus, and that students continue to buy there because they do not have any other feasible alternatives.

This is the problem with monopolies: they can charge very high prices and still make a profit because they will always have demand, but this very act makes consumers worse off, and reduces general social welfare.

5 0
3 years ago
_________ _________ is often solved with the broker representing both sides designating a separate agent for both buyer and sell
Xelga [282]

Dual agency is often solved with the broker representing both sides designating a separate agent for both buyer and seller.

An individual who represents both the buyer and the seller in a transaction is known as a dual agent. It's common to mix up dual agents and designated agents. Assigned agents, on the other hand, consist of two people who each represent the buyer and seller independently.

In a dual agency scenario, a single agent acts as both the buyer's agent and the seller's representative, as opposed to two independent agents. When the buyer and seller work with the same brokerage, dual agency frequently occurs.

The commissions for both agents are normally paid by the seller, thus in this case, the seller stands to directly benefit financially. However, if the seller's expenses are lower, they might be open to the idea of the buyer offering a lesser price. 

Learn more about dual agency here

brainly.com/question/13354217

#SPJ4

4 0
2 years ago
Rooney Enterprises, Inc., operated a cemetery in Franklin County, Virginia. A state law requires companies that receive advance
Montano1993 [528]

Answer:

Explanation:

Rooney is not personally and criminally responsible for the failure of the organization to make compulsory trust deposits, also the evidence is not enough to ascertain any conviction for embezzlement, therefore the convictions should be reversed and the indictments should be dismissed.

7 0
3 years ago
Read 2 more answers
The increased use of the Internet presents a lot of potential for which types of businesses?
Sergeeva-Olga [200]

Answer:

Local businesses, SME's and International businesses

Explanation:

The era of the internet has provided the work to integrate and create more opportunities for the business to grow and improve. More importantly, the internet has created a pathway for small businesses, local businesses, and small businesses to grow and expand globally. The internet has also helped businesses to set up their operations globally and locally to attract more markets and consumers.

8 0
3 years ago
Which statements are accurate about Medicare? Check all that apply.
shepuryov [24]

Answer:

its B and D

Explanation:

8 0
4 years ago
Read 2 more answers
Other questions:
  • There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth of goods from firm Y and $300 worth goods from firm Z;
    15·1 answer
  • An effective minimum wagea. imposes a price ceiling on the wages of various categories of low-skill workers.b. increases the dem
    14·1 answer
  • Sunk costs and decision making Rajiv has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontran
    15·1 answer
  • Before she began interviewing candidates for a sales position, Sonja prepared a written set of questions based on the job descri
    7·1 answer
  • When an accounting change is reported under the retrospective approach, prior years' financial statements are: Select one: a. Le
    14·1 answer
  • What is most likely to happen if the Fed prints too much currency?
    10·2 answers
  • Austin Fisher contributed land, inventory, and $32,000 cash to a partnership. The land had a book value of $59,000 and a market
    7·1 answer
  • Which of the following statements about gross domestic product are true? I. Gross domestic product is best described as the full
    10·1 answer
  • The weighted-average cost method is used by Jose, Inc. Sales are $240,000, the number of units available for sale is 100, the nu
    8·1 answer
  • When adjusting the bank balance in a bank reconciliation, which item must be added to the bank balance?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!