A marketing firm is considering making up to three new hires. Given its specific needs, the firm feels that there is a 60% chance of hiring at least two candidates. There is only a 5% chance that it will not make any hires and a 10% chance that it will make all three hires. A. What is the probability that the firm will make at least one hire? b. Find the expected value and the standard deviation of the number of hires

Answers

Answer 1

For a marketing firm which is considering making up to three new hires.

a) The probability that the firm will make at least one hire is equals to the 0.90.

b) The expected value and the standard deviation of the number of hires are 1.57 and 0.78 respectively.

We have a marketing firm is considering making up to three new hires. Let's consider the a random variable X that represents the hiring of candidates. So, possible values of X = 0, 1, 2,3.. Now, The chances of probability of hiring at least two candidates, P( X ≥ 2) = 60% = 0.60

The chances of probability that hiring of none of them = P( X = 0) = 10% = 0.10

The chances of probability that hiring of all of them = P( X = 3) = 5% = 0.05

We have to determine probability that the firm will make at least one hire, P(X ≥ 1).

By probability law, sum of any possible probability values = 1

=> P( X≥ 1 ) = 1 - P( X = 0)

= 1 - 0.10 = 0.90

b) The expected value, E(X), or we say mean μ of a discrete random variable X, is equals to the sum of resultant of multiply each value of the random variable by its probability. The formula is, E ( X ) = μ = ∑ x P ( x )

So, Probability that hiring of exactly two candidates, P( X= 2). As we know, P( X ≥ 2) = 0.60

=> P ( 3) + P (2) = 0.60

=> P(2) = 0.60 - 0.05 = 0.55

Probability that hiring of exactly one candidates, P( X= 1). From, P( X≥ 1 ) = 0.90

=> P( 1) + P ( 3) + P (2) = 0.90

=> P(1) = 0.30

Hence, excepted value, E(X) = ∑ x P ( x )

= 0 × 0.10 + 1× 0.30 + 2× 0.55 + 3× 0.05

= 1.57

Now, standard deviations, σ =√E(X²) - (E(X))²

E(X²) = ∑ x² P ( x )

= 0² ×0.10 + 1² ×0.30 + 2²× 0.55 + 3²× 0.05

= 3.07

so, the standard deviation of the number of hires = √3.07² - 1.57² = 0.78

Hence, required value is 0.78.

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Related Questions

FILL IN THE BLANK. if it is impossible for events a and b to occur simultaneously, the events are said to be dependent. for such events, p(a or b) = ________.

Answers

When events A and B are mutually exclusive or disjoint, the probability of either event A or event B occurring is equal to the sum of their individual probabilities, represented by P(A or B) = P(A) + P(B).

If it is impossible for events A and B to occur simultaneously, the events are said to be mutually exclusive or disjoint.

For mutually exclusive events, the probability of either event A or event B occurring is equal to the sum of their individual probabilities.

Therefore, for mutually exclusive events A and B, the probability of A or B occurring, denoted as P(A or B), is given by:

P(A or B) = P(A) + P(B)

This is because when events A and B are mutually exclusive, they cannot occur together.

Thus, the probability of either event A or event B happening is simply the sum of their individual probabilities.

It is important to note that this statement holds true only for mutually exclusive events.

If events A and B are dependent or not mutually exclusive, we need to consider other factors such as their joint probability and the probability of their intersection.

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F(x) = 6x+2, find f (x+3)

F(x) = 6x+2, find f (x+3)

Answers

Answer:

6x+20

Step-by-step explanation:

F(x) = 6x+2

f(x+3) means replace x with x+3

F(x+3) = 6(x+3)+2

         = 6x+18+2

         = 6x+20

Answer:

A; F(x+3) = 6x^2 + 20x + 6

Step-by-step explanation:

To find it you just would multiply F(x) onto the other side. So it would look like this:

           F(x+3) = 6x + 2 (x+3)            

          F(x+3) = 6x^2 + 2x + 18x + 6            *combine like terms getting you

           F(x+3) = 6x^2 + 20x + 6    

Hope this helped!!

The Blooming Branch Flower Shop sells bouquets of one dozen long stem red roses for $45.00. What is the cost per rose?

Answers

Answer: $3.75 per rose

Step-by-step explanation:

45/12

3.75/1

Solve dy/dx = xy, y(0) = 2. Find the interval, on which the solution is defined.

Answers

Answer:

The interval on which the solution is defined depends on the domain of the exponential function. Since e^((1/2)x^2 + ln(2)) is defined for all real numbers, the solution is defined on the interval (-∞, +∞), meaning the solution is valid for all x values.

Step-by-step explanation:

o solve the differential equation dy/dx = xy with the initial condition y(0) = 2, we can separate the variables and integrate both sides.

Starting with the given differential equation:

dy/dx = xy

We can rearrange the equation to isolate the variables:

dy/y = x dx

Now, let's integrate both sides with respect to their respective variables:

∫(dy/y) = ∫x dx

Integrating the left side gives us:

ln|y| = (1/2)x^2 + C1

Where C1 is the constant of integration.

Now, we can exponentiate both sides to eliminate the natural logarithm:

|y| = e^((1/2)x^2 + C1)

Since y can take positive or negative values, we can remove the absolute value sign:

y = ± e^((1/2)x^2 + C1)

Next, we consider the initial condition y(0) = 2. Substituting x = 0 and y = 2 into the solution equation, we get:

2 = ± e^(C1)

Here, we see that e^(C1) is positive since it represents the exponential of a real number. So, the ± sign can be removed, and we have:

2 = e^(C1)

Taking the natural logarithm of both sides:

ln(2) = C1

Now, we can rewrite the general solution with the determined constant:

y = ± e^((1/2)x^2 + ln(2))

A ratio of two complementary angles is 3:7 find the measures of both angles

Answers

Given the word problem, we can deduce the following information:

1. The ratio of the two complementary angles is 3:7.

To determine the measures of both angles, we must note first that complementary angles are two angles whose measures add up to 90°. So our equation would be:

\(3x+7x=90\)

We simplify the equation above:

\(\begin{gathered} 3x+7x=90 \\ 10x=90 \\ x=\frac{90}{10} \\ x=9 \end{gathered}\)

We plug in x=9 into 3x to get the first angle:

Angle 1 = 3x = 3(9) = 27

Then, we plug in x=9 into 7x to get Angle 2:

Angle 2= 7x=7(9)=63

Therefore, the measures of both angles are 27° and 63°.

T^12 x T^10= T to the power of what

Answers

Answer:

t²²

Step-by-step explanation:

Hi there !

t¹²ₓ t¹⁰ = t¹²⁺¹⁰ = t²²

Good luck !

Find the critical value Za /2 that corresponds to 98% confidence level A. 2.575 B. 2.05 C. 1.75 D. 2.33

Answers

Answer:

The critical value Za /2 that corresponds to 98% confidence level is (d) 2.33

Step-by-step explanation:

To obtain the critical value Za/2 that corresponds to a 98% confidence level, we need to determine the value that leaves 2% (0.02) in the tails of the distribution.

Since the confidence level is two-tailed, we need to divide the significance level by 2 to find the area in each tail. In this case, we have 2% divided by 2, resulting in 1% (0.01) in each tail.

Looking up the critical value in a standard normal distribution table or using statistical software, we obtain that the closest value to 0.01 in the table is approximately 2.33.

Therefore, the correct answer is D. 2.33.

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A fair 6-sided die is rolled 300 times. What is a reasonable prediction for the number of times the event of landing on an odd number will occur?

A. 150
B. 50
C. 175
D. 100

Answers

Answer:

A. 150

Step-by-step explanation:

Calculate the probability of landing on an odd number: 1/2.

Multiply the probability by the number of trials: (1/2) * 300.

Simplify the expression: 150.

Therefore, a reasonable prediction is that the event of landing on an odd number will occur 150 times out of the 300 rolls of the fair 6-sided die.

solve this equation for x: 3x+4x+x+16

solve this equation for x: 3x+4x+x+16

Answers

Answer:

x = 2

Step-by-step explanation:

solve this equation for x: 3x+4x+x=16

3x + 4x + x = 16

7x + x = 16

8x = 16

x = 16 : 8

x = 2

----------------------

check

3 × 2 + 4 × 2 + 2 = 16  (remember PEMDAS)

6 + 8 + 2 = 16

16 = 16

same value the answer is good

Write an inequality and show on a number line all numbers:from (–3) to 2 exclusive.

Answers

Answer:

\(-3 < x < 2\)

Step-by-step explanation:

Given:

Range: -3 to 2

Required:

- Write the inequality

- Represent on a number line

Let the variable be represented by x

The question says -3 and 2 are exclusive of x;

This implies that, -3 is less than x \((i.e.\ -3 < x)\) and at the same time x is less than 2 \((i.e.\ x < 2)\)

Write out the two inequalities

\(-3 < x\) and \(x < 2\)

Combine both inequalities

\(-3 < x < 2\)

See attachment for number line

Notice that the circle on -3 and 2 are opened

This implies that -3 and 2 are exclusive of the inequality;

Write an inequality and show on a number line all numbers:from (3) to 2 exclusive.

A zoo charges a rental fee plus $2 per hour for strollers. The total cost of 5 is $13. Assume the relationship is linear. Find and intercept the rate of change and initial value

Answers

The y-intercept is 3.

The rate of change is 2 and the initial value 5.

What is a linear equation?

Equations whose variables have a power of one are called linear equations. One example with one variable is where ax+b = 0, where a and b are real values and x is the variable.

Given:

A zoo charges a rental fee plus $2 per hour for strollers.

The total cost of 5 is $13.

Assume the relationship is linear.

Let x be the number of hours.

And y be the total cost.

So,

y = 2x + m, where m is the rental fee.

Here, x = 5 and y = 13

So,

13 = 10 + m, where m is the rental fee.

m = 3

So, the equation is y = 2x + 3.

When x = 1,

y = 5.

Here, 3 is the y-intercept and 2 is the rate of change.

Hence, 3 is the y-intercept and 2 is the rate of change.

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In the diagram, m_1 = (4x + 10)° and mZ2 = (x + 20°. The value of x' is:

In the diagram, m_1 = (4x + 10) and mZ2 = (x + 20. The value of x' is:

Answers

Answer:

x=30

(Option 2)

Step-by-step explanation:

Well if the <1+<2=180 then you can put the equation as 4x+10+x+20=180. We can simplify that to be 5x+30=180. Minus 30 from both sides: 5x=150; x=30

using 32-bit I-EEE-756 Format
1. find the smallest floating point number bigger than 230
2. how many floating point numbers are there between 2 and 8?

Answers

The smallest floating point number bigger than 2^30 in the 32-bit IEEE-756 format is 1.0000001192092896 × 2^30 and  There are 2,147,483,648 floating point numbers between 2 and 8 in the same format.



1. In the 32-bit IEEE-756 format, the smallest floating point number bigger than 2^30 can be found by analyzing the bit representation. The sign bit is 0 for positive numbers, the exponent is 30 (biased exponent representation is used, so the actual exponent value is 30 - bias), and the fraction bits are all zeros since we want the smallest number. Therefore, the bit representation is 0 10011101 00000000000000000000000. Converting this back to decimal, we get 1.0000001192092896 × 2^30, which is the smallest floating point number bigger than 2^30.

2. To find the number of floating point numbers between 2 and 8 in the 32-bit IEEE-756 format, we need to consider the exponent range and the number of available fraction bits. In this format, the exponent can range from -126 to 127 (biased exponent), and the fraction bits provide a precision of 23 bits. We can count the number of unique combinations for the exponent (256 combinations) and multiply it by the number of possible fraction combinations (2^23). Thus, there are 256 * 2^23 = 2,147,483,648 floating point numbers between 2 and 8 in the given format.



Therefore, The smallest floating point number bigger than 2^30 in the 32-bit IEEE-756 format is 1.0000001192092896 × 2^30 and  There are 2,147,483,648 floating point numbers between 2 and 8 in the same format.

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Suppose the risk-free return is 3%. The beta of a managed portfolio is 1.75, the alpha is 0%, and the average return is 16%. Based on Jensen's measure of portfolio performance, you would calculate the return on the market portfolio as:
12.3%
10.4%
15.1%
16.7%

Answers

The return on the market portfolio is approximately 10.4%.

Suppose the risk-free return is 3%. The beta of a managed portfolio is 1.75. To calculate the return on the market portfolio using Jensen's measure, we can use the Capital Asset Pricing Model (CAPM) formula:

Expected Return = Risk-Free Return + Beta * (Market Return - Risk-Free Return)

Given that the alpha is 0% and the average return is 16%, we can rewrite the formula:

16% = 3% + 1.75 * (Market Return - 3%)

Now, we solve for the Market Return:

13% = 1.75 * (Market Return - 3%)

13/1.75 = Market Return - 3

7.43 ≈ Market Return - 3

Market Return ≈ 10.43%

So, the return on the market portfolio is approximately 10.4%.

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19. Which of the following shows two tenths, two hundredths and two thousandths (in this order)?

Answers

the second one is very easy because you are the sweetest person on earth

33 POINTS! Can someone please help me solve this?

33 POINTS! Can someone please help me solve this?

Answers

Answer:

Step-by-step explanation:

i cant help sorry but it mite be 6

PLEASE HELP ASAP is 11.313708499 a rational number??? yes or no

Answers

Answer:

Concept: Numerical Analysis

A rational #is a integer that is whole such as 7. Hence 11.31 is irrational

Determine which of the four levels of measurement (nominal, ordinal, interval, ratio) is most appropriate. Monthly rainfall: 3.4 in, 3.6 in, 3.8 in, 4 in, and 4.2 in Choose the correct answer below. A)Nominal B)Ordinal C)Interval D)Ratio

Answers

The most appropriate level of measurement for the Monthly Rainfall is (d) Ratio .

Ratio measurement is used for variables where the values have a meaningful order, the differences between them are meaningful, and there is a true zero point. For example, height, weight, or time.

In the case of monthly rainfall,

(i) the values have a meaningful order (more rainfall or less rainfall),

(ii) the differences between the values are meaningful (0.2 inches difference),  

(iii) there is true zero point  (month with 0 inches of rainfall).

Therefore, the most appropriate level of measurement is Ratio .

Determine which of the four levels of measurement (nominal, ordinal, interval, ratio) is most appropriate.

Monthly rainfall: 3.4 in, 3.6 in, 3.8 in, 4 in, and 4.2 in

Choose the correct answer below.

(a) Nominal

(b) Ordinal

(c) Interval

(d) Ratio

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Which table of values represents exponential decay?​

Which table of values represents exponential decay?

Answers

The table of values that represents exponential decay is (c)

How to determine the table of values represents exponential decay?​

From the question, we have the following parameters that can be used in our computation:

The table of values

An exponential function is represented as

y = abˣ

Where

Rate = b

When the rate is less than 1, then the table represents a decay

i.e when y reduces as x increases

The table that has the above features is the table (c)

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Value of 100% if you know that 40% is 72.
help pls :(

Answers

Answer:

180

Step by step:

(This is the way I did this, not the actual way.)

72 ÷ 4 = 18

18 x 10 = 180

(I hope this makes sense to you.)

on june 1, grey co. borrows $15,000 cash from national bank by signing a 120-day, 10% interest-bearing note. grey will record interest during the year totaling $ ____

Answers

Grey will record interest during the year totaling $500.

Define the term interest-bearing note?An interest-bearing note is a sum of money that a lender lends to a borrower, with interest accruing in line with the conditions of the contract.Notes with an interest component have a defined rate of interest that must be paid on top of the principal amount. There is no specified interest rate on zero-bearing and non-interest bearing notes.

For the stated question-

Borrowed money from national bank =  $15,000.

Time 120 days.

10% interest-bearing note

Thus, interest during the year;

interest = 15000 x 120 x 0.10 / 360 (days)

interest = 500

Thus, Grey will record interest during the year totaling $500.

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A rectangle is 64cm long 40cm wide find is area and perimeter

Answers

Answer:

Area= 2560      Perimeter= 208

Step-by-step explanation:

Answer:

64 x 40 = 2,560 <------- your area because multiply the two given lengths.

64 + 64 + 40 + 40 = 208 <---------- your perimeter since opposite sides are parallel which means 2 sides are different. So two of both of the different lengths will be your perimeter.

Step-by-step explanation:

A rectangle is 64cm long 40cm wide find is area and perimeter

Hi can i please get help on this question
Find the volume of this sphere.
Round to the nearest tenth.
16 ft
Formulas for Spheres

[? ] ft
Enter

Hi can i please get help on this question Find the volume of this sphere.Round to the nearest tenth.16

Answers

Answer:

2144

formula us v = 3/4 × pi × half of the diameter (radius)

Suppose A and B are dependent events. If P(A) = 0.5 and P(BIA) = 0.6, what is
P(AB)?
A. 0.6
B. 0.5
C. 0.3
D. 0.1

Answers

If the probability of independent event A is 0.5, then P(A|B) will be 0.5. Then the correct option is B.

Which pair of events are called independent events?

When one event's occurrence or non-occurrence doesn't affect occurrence or non-occurrence of other event, then such events are called independent events.

Symbolically, we have:

Two events A and B are said to be independent iff we have:

P(A ∩ B) = P(A)P(B)

Comparing it with chain rule will give

P(A|B) = P(A)

P(B|A) = P(B)

Suppose A and B are dependent events.

If P(A) = 0.5

Then P(A|B) will be

P(A|B) = P(A)

P(A|B) = 0.5

Then the correct option is B.

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find the indicated partial derivatives. w = x y 2z ∂3w ∂z ∂y ∂x = ∂3w ∂x2∂y =

Answers

Therefore, ∂³w/∂z∂y∂x = 2y using indicated partial derivatives.

To find the indicated partial derivative, we start by computing the partial derivatives of w with respect to x, y, and z.

∂w/∂x = y * 2z = 2yz

∂w/∂y = x * 2y * 2z = 4xyz

∂w/∂z = x * y * 2 = 2xy

Now we can find the third-order mixed partial derivative by differentiating ∂w/∂z with respect to y and then with respect to x:

∂³w/∂z∂y∂x = ∂²/∂x∂y (2xy) = 2y

Therefore, ∂³w/∂z∂y∂x = 2y.

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ANWSER ASAP
Which description can be used for each item?


Drag each description that matches cell wall or cell membrane into the correct box.



cell wall
cell membrane




key word(s)

is not grid

more selectively controls what goes in and out of the cell

gives a plant cell it shape

rigid

acts like a skin

Answers

that other answer is a virus dont click it

cell wall : gives plant cell its shape, rigid

cell membrane: more selectively controls what goes in and out of the cell, acts like a skin

dunno about grid

Give an example of a fraction that is sometimes used to approximate pi?

Answers

A fraction that is sometimes used to approximate pi is 22/7.

What is fraction that is sometimes used to approximate pi?

One example of a fraction that is sometimes used to approximate pi is 22/7. This fraction is an approximation of pi that has been used for centuries, even though it is not an exact value of pi.

It is a good approximation that is accurate to within about 0.04%, which makes it useful in many practical applications.

The fraction 22/7 comes from dividing the circumference of a circle by its diameter, which is the definition of pi. While the exact value of pi is an irrational number that cannot be expressed as a fraction, 22/7 is a commonly used approximation that is easy to remember and calculate with. However,

there are more accurate approximations of pi that can be used for more precise calculations, such as 355/113 or 3.14159265359.

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Solve the equation:
2t+8= -10
t = ?​

Answers

2t+8= -10
2t = -10-8
2t= -18
t= -18/2
t= -9


By writing each number correct to 1 significant figure, find an estimate for the value of
2.8×82.6/27.8 13.9

Answers

Answer: 08

Step-by-step explanation:

2.8 x 82.6 / 27.8 13.9

≈ 3 x 80 / 30 10

= 0.8

For the function below find a) the critical numbers; b) the open intervals where the function is increasing, and c) the open intervals where it is decreasing f(x)=8x³-42x-48x + 4 a) Find the critical number(s). Select the correct choice below and, if necessary fill in the answer box to complete your choice. A. The critical number(s) is/are (Type an integer or a simplified fraction. Use a comma to separate answers as needed

Answers

A) Function is increasing on (-∞, -1) and (7/2, ∞), and decreasing on (-1, 7/2).

b)  The local minimum value of f is; 5608/2197 at x = -42/13, and the local maximum value of f is 139/8 at x = 7/2.

(a) To determine the intervals on which f is increasing or decreasing, we need to determine the critical points and then check the sign of the derivative on the intervals between them.

f(x)=8x³-42x-48x + 4

f'(x) = 24x² - 90

Setting f'(x) = 0, we get

24x² - 90 = 0

24x² = 90

x =±  √3.75

So, the critical points are;

x = -1 and x = 7/2.

We can test the sign of f'(x) on the intervals as; (-∞, -1), (-1, 7/2), and (7/2, ∞).

f'(-2) = 72 > 0, so f is increasing on (-∞, -1).

f'(-1/2) = -25 < 0, so f is decreasing on (-1, 7/2).

f'(4) = 72 > 0, so f is increasing on (7/2, ∞).

Therefore, f is increasing on (-∞, -1) and (7/2, ∞), and decreasing on (-1, 7/2).

(b) To determine the local maximum and minimum values of f, we need to look at the critical points and the endpoints of the interval (-1, 7/2).

f(-1) = -49

f(7/2) = 139/8

f(-42/13) = 5608/2197

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