
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
expand_more
expand_more
format_list_bulleted
Concept explainers
Topic Video
Question
Two friends are opening a coffee shop. As they write their business plan, they research the amount of debt similar businesses can have in the first two years of opening. It is known that 72% of coffee shops have a debt of over $50,000 within the first two years of opening. If a random sample of 36 coffee shops is obtained, use a calculator to find the
Round your answer to three decimal places.
Provide your answer below:
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Suppose a large shipment of laptop computers contained 12% defectives. If a sample of size 286 is selected, what is the probability that the sample proportion will be less than 7% ? Round your answer to four decimal places.arrow_forwardplease answer the question down below!arrow_forwardBryan is performing data entry for an insurance company by taking handwritten records and entering them into the database. Thus far, 15.6% of the handwritten records have had missing data that prevented them from being entered into the database. If Bryan takes 10 handwritten records, what is the probability that at most three records will be incomplete?arrow_forward
- Suppose 48% of the registered voters in a country are Republican. If a sample of 586 voters is selected, what is the probability that the sample proportion of Republicans will be greater than 42%? Round your answer to four decimal places.arrow_forwardcandy industries take random samples from their inventory and sort by flavor. daycare center samples a number of those they take care of and sort by how often they cry during a day visit. If you randomly select a candy from the candy sample and a child in daycare from the daycare sample, what is the probability that you'd pick a grape taffy and a child who cries more than twenty times a day?arrow_forwardSuppose 49% of the registered voters in a country are Republican. If a sample of 701 voters is selected, what is the probability that the sample proportion of Republicans will differ from the population proportion by greater than 4%? Round your answer to four decimal places.arrow_forward
- You are analysing a factory. Stage 3 of the manufacturing process has a 45% chance of finishing on time. If it does finish on time, the chance of Stage 4 finishing late is 20%. The overall chance of Stage 4 finishing on time is 71.2%. What is the chance that Stage 4 finishes late if Stage 3 finished late? Round your answer to 2 decimal places.arrow_forwardA project has a 60% of super success earning $50,000, a 15% chance of mediocre success earning $20,000, and a 25% probability of failure losing $30,000. What is the EMV of the project?arrow_forwardAccording to the U.S. Census Bureau, 18% of U.S. households are in the Northeast and about 5.6% of U.S.households in the Northeast earn more than $75,000 per year. Find the probability that a randomly selected U.S. household is in the Northeast and earns more than $75,000 per year. Round your answer to three decimal places.arrow_forward
- In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Suppose your sample size is 299. What is the probability that the sample proportion will be at least 5 percent more than the population proportion?arrow_forwardthe sales manager knows that 10% of his clients do not pay their debts in full. He supposes that he selects a sample of 100 clients. What is the probability that 14% or more will not be fulfilled in their obligations?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman

MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc

Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning

Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning

Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON

The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman