document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=139734>Question 139734</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Having a lot of trouble with this. Please help and show me how so I can actually learn from all this. Thanks!\r<BR>\n" );
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document.write( "PS- I am allowed to use Megastat on this so any direction there would be welcomed as well.\r<BR>\n" );
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document.write( "Q: Labor negotiators estimate that 30% of all major contract negotiations result in a strike. During the next year, 12 major contracts must be negotiatied. Show all of your work, the results below are from MegaStat.\r<BR>\n" );
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document.write( "Binomial Distribution: <BR>\n" );
document.write( "N  12 <BR>\n" );
document.write( "P   0.3 \r<BR>\n" );
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document.write( "Expected Value     3.600<BR>\n" );
document.write( "Variance Standard  2.520<BR>\n" );
document.write( "Deviation          1.587  \r<BR>\n" );
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document.write( "A. Determine the probabiltiy of no strikes next year.<BR>\n" );
document.write( "B. Determine the probabiloty of 3 or 4 strikes next year.<BR>\n" );
document.write( "C. What is the average number of strikes expected for next year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #102051 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=102051\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Q: Labor negotiators estimate that 30% of all major contract negotiations result in a strike. During the next year, 12 major contracts must be negotiatied. Show all of your work, the results below are from MegaStat. <BR>\n" );
document.write( "Binomial Distribution: <BR>\n" );
document.write( "N 12 <BR>\n" );
document.write( "P 0.3 <BR>\n" );
document.write( "Expected Value 3.600<BR>\n" );
document.write( "Variance Standard 2.520<BR>\n" );
document.write( "Deviation 1.587<BR>\n" );
document.write( "---------------------<BR>\n" );
document.write( "P(strike) = 0.3 ; P(no strike) = 0.7<BR>\n" );
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document.write( "A. Determine the probabiltiy of no strikes next year.<BR>\n" );
document.write( "P(none in 12) = 0.7*12 = 0.1384...<BR>\n" );
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document.write( "B. Determine the probability of 3 or 4 strikes next year.<BR>\n" );
document.write( "P(3 or 4) = Prob(3) + P(4) = 12C3(0.3)^3*(0.7)^9 + 12C4(0.3)^4*(0.7)^8<BR>\n" );
document.write( "= 0.2397...  + 0.2311396... = 0.47084...<BR>\n" );
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document.write( "C. What is the average number of strikes expected for next year?<BR>\n" );
document.write( "mean or average = np = 12*0.3 = 3.6 strikes per year<BR>\n" );
document.write( "==================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
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