Worksheet 5: Probability II

4. Give the probability for the following based on the MINITAB calculations with the probability of a success being ½. (Complete sentence not necessary)

Problems like the following will be included on the final exam. Your instructor may indicate

28. The Polo Development Firm is building a shopping center. It has informed renters that their rental spaces will be ready for occupancy in 19 months.  If the expected time until the shopping center is completed is estimated to be 14 months, with a standard deviation of 4 months, what is the probability that the renters will not be able to occupy in 19 months?

Life insurance company …. With a mean of 68 years and a standard deviation of 4 years. What proportion of the plan recipients would receive payments beyond age 75?

8. The measure of how likely an event will occur is probability. Match the following probability with one of the statements. There is only one answer per statement.

d. The normal distribution may be a useful approximation, but it can’t exactly be the correct distribution. Explain why this is so.

Athletes who compete in a college sport should get paid a small amount of cash for all they do. When a student is involved in a college sport, it consumes much of their life, and they do not have much time to do anything else. Since these athletes are not supposed to be paid, when they are paid athletes suffer great consequences that hurt the rest of their careers. It should be the college’s choice whether they want to pay a player to come play at their school or not. This would help many of these players who do not have enough time for a job. Almost all of these athletes’ time has something to do with the sport they are involved in, whether it is practice, games, or film. Many teams make their athletes go out and be involved with their community.

Explain why we need to use the t distribution. What assumption do you need to make?

An increasing number of business professionals choose to earn their MBAs through the internet. Pursuing an MBA is a great accomplishment. Many undergraduate students graduate and move on to pursue their Masters Degree in their desired field. This marketing plan illustrates the market segments and the strategies of employing to get customers and create a solid revenue stream. Our unique focus is creating opportunities for the fulltime working student that is not able to go to a campus for classes. A twist that gives us an advantage over our competitors is by giving students more options of what is available in picking from a larger selection of majors. From

Macbeth is a somber Shakespearean tragedy about a gallant Scottish general who receives a perplexing prophecy by a trio of witches. The three sisters predict that Macbeth shall be king. At first, Macbeth was hesitant to the prophecy, but as time progressed, he became immersed with greed and obsessed with power. Spurred by societal pressure and his wife, he took a Machiavellian approach to the throne and was willing to kill anyone that stood in his way. Shakespeare does an excellent job of using the concepts of greed and blood to highlight the issues of gender roles.

The life expectancy of a lung cancer patient treated with a new drug is normally

Each year there is an increase in demands for plastic bags, and therefore more are shipped, creating further environmental pollution concerns. This increase in demand has lead to the phenomenal upsurge in the use and misuse of plastic bags globally, both in developed and developing countries. Statistics show that 4 to 5 trillion plastic bags are produced per annum, whereby North America and Western Europe account for nearly 80% (Geographical, 2005; Reusable Bags, 2005). Cheeseman (2007) states that approximately “380 billion plastic shopping bags are used in the United States annually”; in turn, only 0.6% of this is recycled.

The MBA program was introduced for the first time in the United States in the early 20 th Century and was modeled on the basis of the prevalent 2-year graduate programs. It gained significant traction after its inception, however was later criticized for its lack of practical relevance. It was often said that “MBA was too academic, too theoretical and divorced from real-life business practice.”1 Business school subsequently responded by improving quality of teaching and content. The first year was dedicated to

What is human evolution? Human evolution refers to a process in which human beings developed both physically and emotionally throughout centuries, evolution is mainly influenced by environmental factors, and sometimes people’s diet would also interrupt the way human beings evolve. Normally, human evolves for survivals, in order to get used to the climate, it is necessary for human beings to advance. Throughout millions of years, human beings have developed from the earliest hominids discovered in South Africa to what nowadays called modern human (“Introduction to Human Evolution”).

MBAs come in all shapes and sizes – Full Time (FT), Executive, Dual, Distance, Short Term and Part Time (PT). Read Types of MBA Programs. But taking the more common full-time MBA courses, for comparison, the way part-time differs from it is mainly in the execution. Part time courses are usually offered as evening, or off office hour courses, covering essentially the same amount of coursework but over a longer duration.