Purchase Solution

Binomial Distribution

Not what you're looking for?

Ask Custom Question

You are manager of bank and you want to make sure customers do not have an overly long wait for a customer representative (other than the ATM or deposit box which requires no employee interaction). You know historically for each customer there is a X% chance a customer will walk in and will need customer service. You are going to try various scenarios in order to analyze the situation. Each student will be assigned a scenario is slightly different. I will do the first scenario.

Scenario 4: 90% probability a customer will walk through the door needing customer service. What percent of the time would you expect exactly 10 customers out of ten will require customer service?

See attached.

Purchase this Solution

Solution Summary

The solution gives step by step procedure for the computation of binomial probability.

Purchase this Solution


Free BrainMass Quizzes
Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.