Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1) A normal population has a mean of 78 and the standard deviation of 6. You select a sample of 50.
find out the probability the sample mean is (Round z values to 2 decimal places andfinal answers to 4 decimal places):

(a) Less than 77.

(b) Between 77 and 79.

(c) Between 79 and 80.

(d) Greater than 80.

2) CRA CDs Inc. wants mean lengths of the "cuts" on a CD to be 150 seconds (2 minutes and 30 seconds). This would allow the disk jockeys to have plenty of time for commercials within each 10-minute segment. Suppose the distribution of the length of the cuts follows  normal distribution with the population standard deviation of 9 seconds. Assume we choose a sample of 24 cuts from various CDs sold by CRA CDs Inc.

(a) What could we say about shape of the distribution of the sample mean?

(b) What is the standard error of the mean? (Round your answer to 2 decimal places.)

(c) What percent of the sample means would be greater than 155 seconds? (Round your answer to 2 decimal places.)

(d) What percent of the sample means would be greater than 142 but less than 155 seconds? (Round your answer to 2 decimal places.)

3) The mean amount purchased by a typical customer at Churchill's Grocery Store is $21.00 with a standard deviation of $7.00. Assume the distribution of amounts purchased follows the normal distribution. For a sample of 42 customers, answer the following problems.

(a) What is the likelihood the sample mean is at least $22.50? (Round z value to 2 decimal places and final answer to 4 decimal places.)

(b) What is the likelihood the sample mean is greater than $20.00 but less than $22.50? (Round z value to 2 decimal places and final answer to 4 decimal places.)

(c) Within what limits would 99 percent of the sample means occur? (Round your answers to 2 decimal places.)

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92004

Have any Question?


Related Questions in Statistics and Probability

A clothing quality director determines the accuracy of nfl

A clothing quality director determines the accuracy of NFL Logos on t-shirts. 9% of the shirts made that day are defective. The shirts are sold in packages of 10. Find the probability that in one randomly selected packag ...

A student must answer 15 truefalse questions for a test but

A student must answer 15 true/false questions for a test, but the student did not study well. If the student randomly guesses on each question , what is the probability that the student answers 3 questions correctly?

A major car manufacturer wants to test a new engine to

A major car manufacturer wants to test a new engine to determine if it meets new air pollution standards. The mean emission μ of all engines of this type must be approximately 18 parts per million of carbon. If it is hig ...

Suppose a firm uses sales teams to market their products

Suppose a firm uses sales teams to market their products. For example, a construction equipment manufacturer may assign three sales agents to a team so each team member can specialize in particular product functions (e.g ...

Calculate cash inflow or outflow from operating activities

Calculate cash inflow or outflow from operating activities given the following information: Net loss - $12,000; depreciation expense $3,000; increase in AR $1,250; decrease in inventory $900; increase in AP $760.

In a club with 9 male and 10 female members a 4-member

In a club with 9 male and 10 female? members, a 4?-member committee will be randomly chosen. Find the probability that the committee contains at least 3 women.

A bullying prevention program is underway in the phoenix

A bullying prevention program is underway in the phoenix school districts. The researchers ran multiple analyses with the baseline data. The researchers want to determine if there is a relationship between age (13, 14, 1 ...

A food safety guideline is that the mercury in fish should

A food safety guideline is that the mercury in fish should be below 1 part per million? (ppm). Listed below are the amounts of mercury? (ppm) found in tuna sushi sampled at different stores in a major city. Construct a 9 ...

Question 1private capital expenditure for 12 successive

Question 1 Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions     1 31,920 2 25,120 3 30,350 4 24,650 5 30,090 6 23,980 7 28,450 8 26,710 9 31,380 10 27,260 11 3 ...

Robertson steel is forecasting the following

Robertson Steel is forecasting the following numbers: EBIT  $1,000,000 Interest Expense       300,000 ROE                          20% The company is in the 40 percent tax bracket. After putting together the forecast the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As