Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commission on sales. In addition, fixed expenses of the sales and administrative offices include the following: Salaries $ 960,000 Utilities 365,000 Office space 230,000 Advertising 1,200,000 Prepare a selling administrative expense budget for the coming year.

Selling administrative expense budget for the coming year is $3,346,900

Explanation:

In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commission on sales.

Commission on sales expense = $19,730,000 x 3% = $591,900

Selling administrative expense budget for the coming year = Commission on sales expense + Salaries expense + Utilities expense + Office space expense + Advertising expense = $591,900 + $960,000 + $365,000 + $230,000 + $1,200,000 = $3,346,900

The probability of getting zero heads in six tosses is 0.015625.

The probability of getting exactly two heads in six tosses is 0.234375.

Step-by-step explanation:

Using the Minitab software for computing the desired probabilities.

We take n=6 and p=1/2  because we have six tosses and in binomial distribution the probability of success p remains constant in each trial whereas the probability of success in this case is getting heads.

When a coin is tossed then there are two possible outcomes head or tail.

So,

p= P(heads)=1/2=0.5  

The probability of getting zero heads in six tosses is computed by considering the following steps:

In Minitab

Calc >Probability Distributions > Binomial

Select n=6 and p=0.5 and select input constant=0 and bubble the probability and by clicking OK we get the following output:

Probability Density Function  

Binomial with n = 6 and p = 0.5

x  P( X = x )

0    0.015625

So, the probability of getting zero heads in six tosses is 0.015625.

The probability of getting exactly two heads in six tosses is computed by considering the following steps :

In Minitab

Calc >Probability Distributions > Binomial

Select n=6 and p=0.5 and select input constant=2 and bubble the probability and by clicking OK we get the following output:

Probability Density Function  

Binomial with n = 6 and p = 0.5

x  P( X = x )

2    0.234375

So, the probability of getting exactly two heads in six tosses is 0.234375.