Management 201 Computer Homework Help Case Assignment

Management 201 Computer Homework Help Case Assignment

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Management 201 Computer Homework Help Case Assignment

1. Suppose that the following formula describes the probability distribution for a discrete random variable Xfor which the possible values are { x= 1,2,3,4}
2. Find the value of c that makes this a valid discrete probability distribution.
3. Find the probability distribution for all values of x
4. Find the mean and standard deviation of the probability distribution.
5. A small motel has 20 guest rooms. The manager has accepted 25 reservations for a particular Sunday night, however, knowing from past experience that 30% of the reservations fail to appear. How likely is it the motel will have more guests than available rooms? (n=25)
6. A study in 2009 found that 60% of US workers between ages of 20-29 cash out their 401(k) retirement accounts when they lose their jobs or move to a new employer. Answer the following questions based on a random sample of 14 US workers between 20-29 who lost their jobs or change employers:
7. What is the probability that exactly 5 workers cased out their retirement account?
8. What is the probability that exactly 12 workers cashed out their retirement accounts?
9. What is the probability that exactly 12 workers did not cashout their retirement accounts?
10. What are the mean and standard deviation for this distribution (people that cashed out their retirement accounts)?
11. A particular intersection in Kentucky is equipped with a surveillance camera. The number of traffic tickets issued to drivers passing through the intersection follows the Possion distribution and averages 4.5 per month.
12. What is the probability that 7 traffic tickets will be issued at the intersection next month?
13. What is the probability that less than 3 traffic tickets will be issued at the intersection next month?
14. What is the probability that 5 or more traffic tickets will be issued at the intersection next month?
15. What is the standard deviation for this distribution?
16. The mean number of vehicles that become disabled on Interstate 80 as it crosses the Mississippi River is 1.4 per week. Assume a Poisson distribution for X= number of disable vehicles per week, and determine the following:
17. The standard deviation
18. The likelihood that one or more vehicles will become disabled in a given week.
19. P(X=3) for a given week
20. The probability of three disabled vehicles for a two-weekperiod.
21. A grocery store has 18 two-liter bottles of diet cola on the shelf, 4 of which have exceeded their shelf-life. You randomly select 3 bottles of diet cola without checking the expiration date. Determine the probability of the following(hint use the hypergeometric distribution N=18, R=4, n=3):
22. None of the bottles have exceeded their expiration date
23. At least two of the bottles have exceeded their expiration date
24. Calculate the mean of the distribution
25. Winner automotive has a current inventory of 14 used cars and 8 used trucks, 22 total vehicles. Management needs to select 10 use vehicles to participate in a special used vehicle sale. If the vehicles are selected randomly determine the probability of the following: assume hypergeometric distribution N=22, n=10.
26. 4 trucks have been selected (use R=8)
27. 4 cars have been selected (use R=14)
28. The average number of miles driven on a full tank of gas in a Hyundai Veracruz before its low-fuel light comes on is 320. Assume this mileage follows a normal distribution with a standard deviation of 30 miles. What is the probability that, before the low-fuel light comes on, the car will travel
29. Less than 330 miles on the next tank of gas?
30. More than 308 miles on the next tank of gas?
31. Between 305 and 325 miles on the next tank of gas?
32. Exactly 340 miles on the next tank of gas?
33. According to a January 2010 survey, the average daily rate for a luxury hotel in the United States is $237.22. Assume the daily rate follows a normal probability distribution with a standard deviation of $21.45. What is the probability that a randomly selected luxury hotel’s daily rate will be:
34. Less than $250?
35. More than 260?
36. Between $210 and $240?
37. The manager of a luxury hotel would like to set the hotel’s average daily rate at the 80th percentile. What rate should they choose for their hotel?
38. The average price of a 42-inch television on Best Buy’s website is $790. Assume the price of these televisions follows the normal distribution with a standard deviation of $160. What is the probability that a randomly selected television from the site sells for:
39. Less than $700?
40. Between $400 and $500?
41. Between $ 900 and $1,000?
42. In 2009 Southwest Airlines had the highest percentages of on-time flights in the airlines industry, which was 82.5% Assume this percentage still holds true for Southwest Airlines. Using the normal approximation to the binomial distribution, determine the probability that, of the next 30 Southwest Airlines flights,
43. Less than 22 flights will arrive on time
44. Exactly 26 flights will arrive on time
45. 21, 22, 23 or 24 will arrive on time
46. 24, 25, 26, 27, or 28 flights will arrive on time.
47. Suppose monthly cell phone rates are approximately normal distributed. If 90% of rates are $55 or less and if 5% of rates are $30 or less, find the distribution’s mean and standard deviation.
48. The EPA estimates that a particular automobile model will achieve a highway rating of 32 mpg. The EPA label in the car window also says “the majority of cars will achieve between 25 and 39 mpg.” Assume the highway mpg figures are normal distributed.
49. Suppose we interpret “majority of cars” to mean 95%. Find the standard deviation for the distribution of mpg figures.
50. From part a, what is the probability a car will achieve 30 or more highway mpg?
51. The amount of time a grocery customer waits in line until a checker begins “ringing up” the items is exponentially distributed with a mean of 2 minutes.
52. What is the probability a customer waits in line 5 minutes or longer before the check-out process begins?
53. Find the probability that a customer will have a wait of 1 minute or less
54. The time required for housekeeping to clean a hotel room for the next customer varies between 25 and 45 minutes and follows the continuous uniform distribution.
55. What are the mean and standard deviation for this distribution?
56. What is the probability that the next room will require exactly 30 minutes to clean?
57. What is the probability that the next room will require between 28 and 34 minutes to clean?
58. What time represents the 70th percentile of this distribution?

Management 201 Computer Homework Help Case Assignment

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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