Ask Experts Questions for FREE Help !
Ask
    ljvilla's Avatar
    ljvilla Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 6, 2008, 09:36 PM
    Probability- statistics
    Assume that a telemarketer makes sales on 7% of all his calls.

    a) if a telemarketer makes 400 calls in a week, find the mean number of sales expected.

    b) if a telemarketer makes 400 calls in a week, find the standard deviation of sales expected.

    c) is it unusual to get 57 sales in a week?

    d) if 80 calls are made in a day, find the probability that there are exactly 4 sales.

    e) if 80 calls are made in a day, find the probability that there are at least 4 sales.
    Credendovidis's Avatar
    Credendovidis Posts: 1,593, Reputation: 66
    -
     
    #2

    Nov 8, 2008, 08:34 AM
    Hello ljvilla

    Assume that a telemarketer makes sales on 7% of all his calls.

    a) if a telemarketer makes 400 calls in a week, find the mean number of sales expected.

    Well : 7% of 400 =??

    b) if a telemarketer makes 400 calls in a week, find the standard deviation of sales expected.

    That depends on the description of "standard deviation". That COULD be within 10% of the 7%, i.e. between 6,3 and 7,7 %.

    c) is it unusual to get 57 sales in a week?

    See the difference between 7% of 400 and 57, and draw your conclusion!

    I suggest you read first once more through your paper and make a summary of the theory involved. Your question seems to indicate that you expect others to have to do your homework. You have to do that yourself. We can only help you and guide you!!

    Success !

    :)

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search


Check out some similar questions!

Statistics and probability [ 1 Answers ]

Assume we want to estimate the mean IQ for the population of statistics professors. How many must be randomly chosen for IQ tests if we want 95% confidence that the sample mean is within 2 IQ points of the population mean?

Statistics, probability [ 1 Answers ]

The EPA has reported that the average fuel cost for a particular type of automobile is $800 with a standard deviation of $80. Fuel cost is assumed to be normally distributed. If one of these cars is randomly selected, what is the probability that the fuel cost for this car exceeds $760?:confused:

Statistics probability [ 1 Answers ]

Forget I thought this was a help site-

Statistics and Probability [ 1 Answers ]

I should have paid more attention in Statistics and Probability in college … but then again, I’m so old … I’d have forgotten by now anyway. :eek: So here are my problems. Event A = 8% chance of occurring. Event B = 67% chance of occurring. 1) What is the probability that at least one...

Statistics probability [ 1 Answers ]

I'm new to statistics and have a simple probability problem: The probabilities associated with the expected principal source of payment for hospital discharges in the United States in the year 1990 are listed below: Principal Source of Payment Probability Private Insurance 0.387...


View more questions Search