SOLUTION: Not all visitors to a certain company's website are customers or potential customers. In fact, the company's executives estimate that about 10% of all visitors to the website are l
Algebra.Com
Question 395468: Not all visitors to a certain company's website are customers or potential customers. In fact, the company's executives estimate that about 10% of all visitors to the website are looking for other websites. Assume that this estimate is correct and that a random sample of 50 visitors to the website is taken.
Estimate the number of visitors in the sample who actually are looking for the company's website by giving the mean of the relevant distribution (that is, the expectation of the relevant random variable). Do not round your response.
Quantify the uncertainty of your estimate by giving the standard deviation of the distribution. Round your response to at least three decimal places.
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
Not all visitors to a certain company's website are customers or potential customers. In fact, the company's executives estimate that about 10% of all visitors to the website are looking for other websites. Assume that this estimate is correct and that a random sample of 50 visitors to the website is taken.
Estimate the number of visitors in the sample who actually are looking for the company's website by giving the mean of the relevant distribution (that is, the expectation of the relevant random variable). Do not round your response.
Quantify the uncertainty of your estimate by giving the standard deviation of the distribution. Round your response to at least three decimal places.
----------------------------------------------------------------------------------
, to 4 decimal places.
RELATED QUESTIONS
Not all visitors to a certain company's website are customers or potential customers. In... (answered by greenestamps)
Binomial problems: Mean and standard deviation
Not all visitors to a certain company's... (answered by stanbon)
Not all visitors to a certain company's website are customers. In fact, the website... (answered by Alan3354)
Not all visitors to a certain company's website are customers. In fact, the website... (answered by stanbon)
Not all visitors to a certain company's website are customers. In fact, the website... (answered by ikleyn)
Not all visitors to a certain company's website are customers. In fact, the website... (answered by stanbon)
Not all visitors to a certain company's website are customers. In fact, the website... (answered by edjones)
Hello, I have been working on this statistics question for a while now. I keep coming up (answered by ewatrrr)
A certain company's IT department has found that 18% of all visitors to the company... (answered by greenestamps)