Probability that families drive european cars
In a town, 60% of families are known to drive European cars. In a sample of 10 families, what is the probability that at least 8 drive European cars? In a sample of 1,000 families, what is the probability that at least 800 drive European cars?
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Merritt Company uses a process cost system of accounting for the following transactions. Journalize the entries using general journal format.
If the company drills 12 wells, what is the probability that all 12 are producer wells? What is the probability that all 12 are dry wells? What is the probability distribution for the number of dry wells?
The information that follows pertains to Consumer Products for the year ended December 31, 20X6.The unit selling price is $26. Assume that costs have been stable in recent years.
Construct a 95% confidence interval estimate of the population mean life of the light bulbs. Compare the results of (a) and (c). What conclusions do you reach?
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Cedars Hospital has average revenue of $180 per patient day. Variable costs are $45 per patient day; fixed costs total $4,320,000 per year.If variable costs drop to $36 per patient day, what increase in fixed costs can be tolerated without changing
A binomial process has a probability of success of 0.15. If eight trials are run, what are the mean number of successes and the standard deviation? What is the probability distribution for the number of successes?
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