menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Statistical Techniques Study Set 1
  4. Exam
    Exam 6: Discrete Probability Distributions
  5. Question
    A Company Is Studying the Number of Daily Debit Card
Solved

A Company Is Studying the Number of Daily Debit Card

Question 43

Question 43

Essay

A company is studying the number of daily debit card purchases. There were 20 purchases and the probability of a debit card purchase is 0.5. Based on the shape of the distribution, approximately 99.7% of the purchases should be between _______ and ________.

Correct Answer:

verifed

Verified

10 plus or minus 3(2.24) or 3 and 17
Exp...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q35: The mean of a binomial distribution is

Q38: An insurance agent has appointments with four

Q39: The following is a Poisson probability distribution

Q40: A probability distribution is a listing of

Q41: The following is a Poisson probability distribution

Q42: For the following probability distribution: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2537/.jpg"

Q44: When sampling is done without replacement and

Q46: For the following probability distribution: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2537/.jpg"

Q47: A binomial probability distribution approaches a greater

Q48: The production department has installed a new

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines