In an effort to cut costs and improve profits, any US companies have been turning to outsourcing. In fact, according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years. Suppose 555 of these companies are contacted.

Required:
a. What is the probability that 338 or more companies outsourced some part of their manufacturing process in the past two or three years? Write your answer as a percentage rounded to two decimal places.
b. What is the probability that 285 or more companies outsourced some part of their manufacturing process in the past two or three years? Write your answer as a percentage rounded to two decimal places.
c. What is the probability that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years? Write your answer as a percentage rounded to two decimal places.

Answers

Answer 1

Answer:

a) 0.06% probability that 338 or more companies outsourced some part of their manufacturing process in the past two or three years.

b) 90.15% probability that 285 or more companies outsourced some part of their manufacturing process in the past two or three years.

c) 0.23% probability that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years.

Step-by-step explanation:

For questions a and b, the normal approximation to the binomial is used, while for question c, the central limit theorem is used.

Binomial probability distribution

Probability of exactly x successes on n repeated trials, with p probability.

Can be approximated to a normal distribution, using the expected value and the standard deviation.

The expected value of the binomial distribution is:

[tex]E(X) = np[/tex]

The standard deviation of the binomial distribution is:

[tex]\sqrt{V(X)} = \sqrt{np(1-p)}[/tex]

Normal probability distribution

Problems of normally distributed distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

When we are approximating a binomial distribution to a normal one, we have that [tex]\mu = E(X)[/tex], [tex]\sigma = \sqrt{V(X)}[/tex].

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years.

This means that [tex]p = 0.54[/tex]

555 of these companies are contacted.

This means that [tex]n = 555[/tex]

Mean and standard deviation: Normal approximation to the binomial:

[tex]\mu = E(X) = np = 555*0.54 = 299.7[/tex]

[tex]\sigma = \sqrt{V(X)} = \sqrt{np(1-p)} = \sqrt{555*0.54*0.46} = 11.74[/tex]

a. What is the probability that 338 or more companies outsourced some part of their manufacturing process in the past two or three years?

Using continuity correction, this is [tex]P(X \geq 338 - 0.5) = P(X \geq 337.5)[/tex], which is 1 subtracted by the p-value of Z when X = 337.5. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{337.5 - 299.7}{11.74}[/tex]

[tex]Z = 3.22[/tex]

[tex]Z = 3.22[/tex] has a p-value of 0.9994.

1 - 0.9994 = 0.0006

0.0006*100% = 0.06%

0.06% probability that 338 or more companies outsourced some part of their manufacturing process in the past two or three years.

b. What is the probability that 285 or more companies outsourced some part of their manufacturing process in the past two or three years?

Using continuity correction, this is [tex]P(X \geq 285 - 0.5) = P(X \geq 284.5)[/tex], which is 1 subtracted by the p-value of Z when X = 284.5. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{284.5 - 299.7}{11.74}[/tex]

[tex]Z = -1.29[/tex]

[tex]Z = -1.29[/tex] has a p-value of 0.0985.

1 - 0.0985 = 0.9015

0.9015*100% = 90.15%

90.15% probability that 285 or more companies outsourced some part of their manufacturing process in the past two or three years.

c. What is the probability that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years?

Now we use the sampling distribution of the sample proportions, which have:

[tex]\mu = p = 0.54[/tex]

[tex]s = \sqrt{\frac{0.54*0.46}{555}} = 0.0212[/tex]

The probability is the p-value of Z when X = 0.48. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{0.48 - 0.54}{0.0212}[/tex]

[tex]Z = -2.84[/tex]

[tex]Z = -2.84[/tex] has a p-value of 0.0023.

0.0023*100% = 0.23%

0.23% probability that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years.


Related Questions

Find the value of this expression

Answers

Answer:

[tex] \frac{(3) ^{2} + 3}{3 - 1} [/tex]

[tex] \frac{9 + 3}{3 - 1} [/tex]

[tex] \frac{12}{2} [/tex]

= 6

Answer: 6

Replace the x with 3

3^2

=3x3

=9

9+3=

3-1=2


(12/2) =( 6/1)

= 6

Translate this phrase into an algebraic expression.
61 less than twice Jenny's age
Use the variable j to represent Jenny's age.

Answers

ANSWER: 2j-61
j = Jenny's age

Illustrate the 7th pattern of the sequence of square numbers. ​

Answers

1,4,9,16,25,36,49,........

7th pattern =49.....

Answer:

1, 4, 9, 16, 25, 36, 49…................the 7 the pattern is 49

A 230 pound man, a 140 pound woman, a 750 pound crate of equipment, an 80 pound bag of concrete. What percent of the total weight was concrete?
What percent of the total weight was human?

Answers

Concrete percent: 80/1200 = .0666666 = 6.7%
Human percent: 370/1200 = .308333 = 30.8 %

Evaluate the expression: y – y ÷ 1 + x Use x = 7 and y = 3

Answers

Hi ;-)

[tex]x=7 \ and \ y=3\\\\y-y:1+x=3-3:1+7=3-3+7=0+7=\boxed7[/tex]

8x=3x²-1 plz help me show your work

Answers

Answer:

Step-by-step explanation:

3 times 8= 24 • 24 = 576 - 1 =575

or

3•8=24•2=48-1=47

not sure

Answer:

The answer is [tex]x=\frac{4(+-)\sqrt{19} }{3}[/tex] in exact form or [tex]x=2.7863[/tex], [tex]x=-0.1196[/tex] in decimal form.

Step-by-step explanation:

To solve this equation, start by moving all expression to the left side of the equation, which will include subtracting [tex]3x^2[/tex] and adding 1 to both sides of the equation. The equation will look like [tex]8x-3x^2+1=0[/tex].

Then, use the quadratic formula to find the solutions to the equation. The quadratic formula looks like [tex]\frac{-b(+-)\sqrt{b^2-4ac} }{2a}[/tex].

For this problem, the quadratic variables are as follows:

[tex]a=-3\\b=8\\c=1[/tex]

The next step is to substitute the values [tex]a=-3[/tex], [tex]b=8[/tex], and [tex]c=1[/tex] into the quadratic formula and solve for x. The quadratic formula will look like [tex]\frac{-8(+-)\sqrt{8^2-4(-3)(1)} }{2*-3}[/tex]. To simplify the equation, start by simplifying the numerator, which will look like [tex]x=\frac{-8(+-)2\sqrt{19} }{2*-3}[/tex]. Then, multiply 2 by -3 and simplify the equation, which will look like [tex]x=\frac{4(+-)\sqrt{19} }{3}[/tex]. The final answer is [tex]x=\frac{4(+-)\sqrt{19} }{3}[/tex] in exact form. In decimal form, the final answer is [tex]x=2.7863[/tex], [tex]x=-0.1196[/tex].

if point B is the midpoint of points A and C, find the value of x and AC. AB= 5x - 2, BC= 9x -10

Answers

9514 1404 393

Answer:

x = 2AC = 16

Step-by-step explanation:

The midpoint divides the segment into two equal lengths:

  AB = BC

  5x -2 = 9x -10

  8 = 4x

  2 = x

  AB = 5(2) -2 = 8

  AC = 2AB = 2(8) = 16

Probability that a person is chosen at random

Answers

Answer:

152 / 370

Step-by-step explanation:

Total number of people

152+218 = 370

P( own a dog) = people said yes / total

                       = 152 / 370

The average of two numbers is 5x. If one of the numbers is 2x + 3, find the other number.

Answers

Answer:

8x-3

Step-by-step explanation:

Average of 2 numbers means add the two numbers and divide by 2

(y+z)/2 = 5x

Let z = 2x+3

(y+2x+3)/2 = 5x

Multiply each side by 2

y+2x+3 = 10x

Subtract 2x from each side

y+3 = 10x-2x

y+3 = 8x

Subtract 3

y = 8x-3

The other number is 8x-3

Addition prop of equality
subtraction prop of quality
multiplication prop of equality
Division prop of equality
simplifying
distrib prop

Answers

1 multiplication prop
2simplifying
3 Addition prop
4 simplifying

A dodgeball team at Lincoln Elementary School needs a team of 4 in order to compete against other schools. If there are 9 kids that want to be part of the team, how many different ways can you pick a team of 4

Answers

Answer:

3 ways

Step-by-step explanation:

The percent of data between z=0.23 and z = 1.27 is
(Round to two decimal places as needed.)

Answers

Answer:

0.40905 - 0.10204 = .30701 = 30.7 %

Step-by-step explanation:

0.23 0.40905

1.27 0.10204

If the terminal side of an angle (θ) goes through the point (4 , -3) what is (θ)?

Answers

Answer:

The family of directions of the given vector is represented by [tex]\theta = 323.130^{\circ} \pm 360\cdot i[/tex], [tex]\forall \,i\in \mathbb{N}_{O}[/tex].

Step-by-step explanation:

According to the given information, vector stands in the 4th Quadrant ([tex]x > 0[/tex], [tex]y < 0[/tex]) and direction of the vector ([tex]\theta[/tex]) in sexagesimal degrees, is determined by following definition:

[tex]\theta = 360^{\circ} - \tan^{-1} \left(\frac{|y|}{|x|} \right)\pm 360\cdot i[/tex], [tex]\forall \,i\in \mathbb{N}_{O}[/tex]

Please notice that angle represents a function with a periodicity of 360°.

If we know that [tex]x = 4[/tex] and [tex]y = -3[/tex], then the direction of the vector is:

[tex]\theta = 360^{\circ}-\tan^{-1}\left(\frac{|-3|}{|4|} \right)\pm 360\cdot i[/tex]

[tex]\theta = 323.130^{\circ} \pm 360\cdot i[/tex]

The family of directions of the given vector is represented by [tex]\theta = 323.130^{\circ} \pm 360\cdot i[/tex], [tex]\forall \,i\in \mathbb{N}_{O}[/tex].

Subtract the integers. 22−​(−10​)​

Answers

Answer:

32

Step-by-step explanation:

Step 1: change 22 - ( -  10) into 22 + 10

Step 2: solve it like normal

Find the multiplicative inverse of: -3/7 X -4/9

Answers

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

[tex]\frac{21}{4}[/tex]

»»————- ★ ————-««  

Here’s why:  

⸻⸻⸻⸻

[tex]\boxed{\text{Calculating the answer...}}\\\\---------------\\\rightarrow -\frac{3}{7} * -\frac{4}{9}\\\\\rightarrow \frac{12}{63} \\\\\rightarrow \frac{12/3}{63/3}\\\\\rightarrow\boxed{\frac{4}{21}}\\--------------\\\rightarrow \frac{4}{21}* x= 1\\\\\rightarrow (21)*\frac{4}{21}x= 1(21)\\\\\rightarrow 4x=21\\\\\rightarrow \frac{4x=21}{4}\\\\\rightarrow \boxed{x=\frac{21}{4}}[/tex]

»»————- ★ ————-««  

Hope this helps you. I apologize if it’s incorrect.  

evaluate the function f(x)=4x^2-7x+7 find f(7)​

please I need the answer soon!

Answers

9514 1404 393

Answer:

  f(7) = 154

Step-by-step explanation:

The basic idea is you put 7 where x is and do the arithmetic.

Polynomial evaluation is sometimes easier if you rewrite it to Horner form.

  f(x) = (4x -7)x +7

  f(7) = (4·7 -7)(7) +7 = 21(7) +7 = 147 +7

  f(7) = 154

Which equation is represented by the graph below?

Answers

Answer:

Hello,

Answer C

Step-by-step explanation:

Since ln(1)=0

if x=1 then y=4 ==> y=ln(x)+4

y=ln(x) is translated up for 4 units.

x = either 100 , 140 , or 120

Answers

ANSWER EXPLANATION: 140

The circle is split into halves, so we know that the degree for the circumference is 180°. Then to find x, you add 30° and 10° which is 40° and subtract from 180° to get 140°.

A.) V’ (-3,-5), K’ (-1,-2), B’ (3,-1), Z’(2,-5)

B.) V’(-4, 1), K’(-2, 4), B(2,5) Z’ (1, 1)

C.) V’ (-3,-4), K’(-1,-1) B’ (3,0), Z’(2,-4)

D.) V’ (-1,0), K’ (1, 3), B’(5,4), Z’(4,0)

Answers

Answer:

C

Step-by-step explanation:

this is a "translation" - a shift of the object without changing its shadow and size.

this shift is described by a "vector" - in 2D space by the x and y distances to move.

we have here (1, 0) - so, we move every point one unit to the right (positive x direction) and 0 units up/down.

therefore, C is the right answer (the x coordinates of the points are increased by 1, the y coordinate are unchanged).

The perimeter of a triangle is 83 centimeters. If two sides are equally long and the third side is 8 centimeters longer than the others, find the lengths of the three sides.

Answers

Answer:

25, 33

Step-by-step explanation:

let the length of the one with equal sides be x

third side = x+8

x+x+x+8 = 83

3x+8 = 83

3x = 75

x = 25

x+8 = 25+8 = 33

WORTH 100 POINTS!
The function h(x) is quadratic and h(3) = h(-10) = 0. Which could represent h(x)?

1) h(x) = x2 - 13x - 30
2) h(x) = x2 - 7x - 30
3) h(x) = 2x2 + 26x - 60
4) h(x) = 2x2 + 14x - 60

Answers

Answer:

h(x) = 2x^2 +14x -60

Step-by-step explanation:

A quadratic is of the form

h(x) = ax^2 + bx +c

h(3) = h(-10) = 0

This tells us that the zeros are at x=3 and x = -10

We can write the equation in the form

h(x) = a( x-z1)(x-z2) where z1 and z2 are the zeros

h(x) = a(x-3) (x- -10)

h(x) = a(x-3) (x+10)

FOIL

h(x) = a( x^2 -3x+10x-30)

h(x) = a(x^2 +7x -30)

Let a = 2

h(x) = 2x^2 +14x -60

It means

zeros are 3 and -10

Form equation

y=x²-(3-10)x+(-10)(3)y=x²+7x-30

Multi ply by 2

y=2x²+14x-60

Option D

how many feet is in one centimeter and how many inches is in 1 feet?​

Answers

Answer:

12 inches r in a foot

0 feet r in a centimeter

Step-by-step explanation:

Answer:

0.032 feet in a centimeter and 12 inches in 1 foot

Step-by-step explanation:

hope it helps pls mark as brainliest!

10. (30-i)-(18+6i)+30i

Answers

Answer:

[tex]12+23i[/tex]

Step-by-step explanation:

[tex](30−i)−(18+6i)+30i[/tex]

[tex]30−i−18−6i+30i[/tex]

[tex]12−i−6i+30i[/tex]

[tex]12−7i+30i[/tex]

[tex]12+23i[/tex]

Hope it is helpful....

An automobile manufacturer has given its jeep a 51.3 miles/gallon (MPG) rating. An independent testing firm has been contracted to test the actual MPG for this jeep since it is believed that the jeep has an incorrect manufacturer's MPG rating. After testing 230 jeeps, they found a mean MPG of 51.1. Assume the population variance is known to be 6.25. A level of significance of 0.02 will be used. Make the decision to reject or fail to reject the null hypothesis.

Answers

Answer:

The p-value of the test is 0.2262 > 0.02, which means that the decision is to fail to reject the null hypothesis.

Step-by-step explanation:

An automobile manufacturer has given its jeep a 51.3 miles/gallon (MPG) rating.

At the null hypothesis, we test if the mean is of 51.3, that is:

[tex]H_0: \mu = 51.3[/tex]

An independent testing firm has been contracted to test the actual MPG for this jeep since it is believed that the jeep has an incorrect manufacturer's MPG rating.

This means that at the alternative hypothesis, we test if the mean is different of 51.3, that is:

[tex]H_0: \mu \neq 51.3[/tex]

The test statistic is:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

In which X is the sample mean, [tex]\mu[/tex] is the value tested at the null hypothesis, [tex]\sigma[/tex] is the standard deviation and n is the size of the sample.

51.3 is tested at the null hypothesis:

This means that [tex]\mu = 51.3[/tex]

After testing 230 jeeps, they found a mean MPG of 51.1. Assume the population variance is known to be 6.25.

This means that [tex]n = 230, X = 51.1, \sigma = \sqrt{6.25} = 2.5[/tex]

Value of the test statistic:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

[tex]z = \frac{51.1 - 51.3}{\frac{2.5}{\sqrt{230}}}[/tex]

[tex]z = -1.21[/tex]

P-value of the test and decision:

The p-value of the test is the probability of the sample mean differing from 51.1 by at least 0.2, which is P(|z| > 1.21), which is 2 multiplied by the p-value of z = -1.21.

Looking at the z-table, z = -1.21 has a p-value of 0.1131.

2*0.1131 = 0.2262

The p-value of the test is 0.2262 > 0.02, which means that the decision is to fail to reject the null hypothesis.

what is the area of triangle JHK?​

Answers

9514 1404 393

Answer:

  4.18 square units

Step-by-step explanation:

The area is given by the formula ...

  A = 1/2bh

where b is the length of the base, and h is the perpendicular distance from the base to the opposite vertex.

  A = 1/2(2.2)(3.8) = 4.18 . . . square units

If per unit variable cost of a product is Rs.8 and fixed cost is Rs 5000 and it is sold for Rs 15 per unit, profit in 1000 units is.......
a.. rs 7000
b. rs 2000
c. rs 25000
d. rs 0​

Answers

Answer:

a.. rs 7000

Because 15×1000=15000 it is SP when selling 1000units in the rate of Rs 15/unit& 8×1000=8000 this is cp when buying 1000 units in the rate of Rs 8/unit.

So,by formula of profit,

Rs (15000-8000)=Rs7000

How to divided 245 by 70
Show your work

Answers

Answer:

Step-by-step explanation:

Hello!

          2          4              5          ∟ 70

        -2           1                                 3, 5

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

                      3              5        0

                      3              5       0

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

                     0                0        0

What is A11 for the geometric sequence 3,072, −1,536, -768, −384...?

Answers

Answer:

3

Step-by-step explanation:

The general formula of the series is 3072/(-2)^(n-1). A11=3072/(-2)^10=3

what is the slope and point

Answers

Answer:

Step-by-step explanation:

A tour bus is traveling along a triangular path. The three straight lines form a right triangle. One leg of the triangle represents a distance of 8 miles. The other leg of the triangle is 4 miles shorter than the hypotenuse. What is the length of the hypotenuse of this​ triangle? Of the other​ leg?

Answers

Answer:

Hypotenuse=10 miles.

Short leg=6 miles.

Step-by-step explanation:

Set up triangle, leg 8 miles, hypotenuse x miles, short leg x-4 miles.Input into Pythagoras theorem.Simplify.
Other Questions
i need help asap im timed Wages ExpenseType of AccountAppears on Which Financial StatementNormal BalanceIs the Account Closed?AExpenseIncome StatementCreditYesBExpenseIncome StatementCreditNoExpenseIncome StatementDebitYesDExpenseIncome StatementDebitNFNone of the above Sharecropping worked to the advantage of the sharecropper. True or false? Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future value back to period 0 at 11.99%. In relation to the initial single sum, the discounted future value:_________a. Is greater than the original amountb. Is less than the original amountc. Is the same as the original amountd. Cannot be determined with the information given In algebraic expression The sum of a number and six, divided by eight. To reduce your chances of identify theft you shoulda.carry your Social Security Card in your wallet.b.check your credit rating regularly.c.only use drive thru ATMs.d.never keep receipts with credit information printed on them. Match each term to its correct example. 1. Studies show that dachshunds are the small dog breed most likely to bite someone. informed opinion 2. Some dog breeds should not be kept as pets. opinion 3. Because dachshunds are known to bite, their owners should be cautious when the dogs are around strangers. fact please help right now i cant find it!!!!!!!!!!! Someone please help!:) mention any five strategies related to Road taken by the 13th five year plan TutorialEmmy already owns 22 hair bands, and additional hair bands are priced at 1 for a dollar.How much money does Emmy need to spend on new hair bands in order to own a total of38 hair bands? Consider function f. (-412 + 6.3 + 36, 1 < -2 15, 2 < I 4 Are the statements about the graph of function ftrue or false? true false 2 false The graph crosses the y-axis at (0.15). The graph has a point of discontinuity at I = The graph is increasing over the interval (4, co) The graph is decreasing over the interval (-12, -2). false The domain of the function is all real numbers. falsePlease help D 2. Which of the following is an example of a specific goal?O I want to lose weight.I want to get stronger.O I want to be able to walk one mile in 15 minutes.I want to improve my speed. rachel rides her bicycle due east at 9 miles per hour amos rides his bicycle due north at 12 miles per hour if they left from the same point at the same time how far apart will they be after 1 hour A three-year bond has an 8.0 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10 percent, calculate the price of the bond assuming that the bond makes semiannual coupon payments. One number is six times another number. Their difference is 35. Wht are the two numbers? Which question is not answered in the passage?a.What type of parrot is Alex?b.Where is Alex studied?c.How does Alex learn English?d.How high can Alex count? A person who lives with constant pessimism is experiencing what kind of stressor Simplify the following equation 482+3 The military districts shown on the map were created during Reconstruction toAcreate economic and social equality in the South.Bpay for the physical rebuilding of the Southmove Native American Indians to reservations.Dgovern the former Confederate states. How does the amount of food in a meal effect the time it takes to digest it? A light meal can be digested in one to two hours, but heavy meals can take up to six. A light meal can be digested in three to four hours, but heavy meals can take up to eight. The body digests food at the same rate no matter the quantity. A medium meal can be digested in one to two hours, but heavy meals can take up to six.