Business, 30.06.2020 18:01 njones58emailtjcedu

West Virginia has one of the highest divorce rates in the nation, with an annual rate of approximately divorces per people (Centers for Disease Control and Prevention website, January 12, 2012). The Marital Counseling Center, Inc. (MCC) thinks that the high divorce rate in the state may require them to hire additional staff. Working with a consultant, the management of MCC has developed the following probability distribution for the number of new clients for marriage counseling for the next year. a. Is this probability distribution valid?
1. Yes
2. No
Explain.
f(x)
1. greater than or equal to 0
2. less than or equal to 0
3. greater than or equal to 1
4. less than or equal to 1
? f(x)
1. equal to 1
2. not equal to 1
3. greater than 1
4. less than 1
b. What is the probability MCC will obtain more than 30 new clients (to 2 decimals)?
c. What is the probability MCC will obtain fewer than 20 new clients(to 2 decimals)?
d. Compute the expected value and variance of x.
Expected value clients per year
Variance squared clients per year

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 17:00

Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?

Answers: 3

Answer

Business, 22.06.2019 19:30

Which of the following occupations relate to a skill category of words and literacy

Answers: 1

Answer

Business, 23.06.2019 02:30

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?

Answers: 2

Answer

Business, 23.06.2019 02:40

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $9,500 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $15,500. suppose you bid $12,000. what is the probability that your bid will be accepted?

Answers: 2

Answer

You know the right answer?

West Virginia has one of the highest divorce rates in the nation, with an annual rate of approximate...

Questions