Ask Statistics and Probability Expert

ASSIGNMENT 1: Statistical Analysis

Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be a minimum of one single-spaced page to a maximum of two pages in length; refer to the "Assignment Format" page for specific format requirements.

NOTE: Show your work in the problems.

1. A recent article in the Myrtle Beach Sun Times reported that the mean labor cost to repair a color television is $90 with a standard deviation of $22. Monte s TV Sales and Service completed repairs on two sets this morning. The labor cost for the first was $75 and it was $100 for the second. Compute z values for each and comment on your findings.

2. The mean of a normal distribution is 400 pounds. The standard deviation is 10 pounds.

a. What is the area between 415 pounds and the mean?

b. What is the area between the mean and 395 pounds?

c. What is the probability of selecting a value at random and discovering that it has a value of less than 395 pounds?

3. The monthly sales of mufflers in the Richmond, VA area follow the normal distribution with a mean of 1200 and a standard deviation of 225. The manufacturer would like to establish inventory levels such that there is only a 5% chance of running out of stock. Where should the manufacturer set the inventory levels?

4. Research on new juvenile delinquents revealed that 38% of them committed another crime.

a. What is the probability that of the last 100 new juvenile delinquents put on probation, 30 or more will commit another crime?
b. What is the probability that 40 or fewer of the delinquents will commit another crime?
c. What is the probability that between 30 and 40 of the delinquents will commit another crime?

5. An Air Force study indicates that the probability of a disaster such as the January 28, 1986 explosion of the space shuttle Challenger was 1 in 35. The Challengerflight was the 25thmission.

a. How many disasters would you expect in the first 25 flights?
b. Use the normal approximation to estimate the probability of at least one disaster in 25 missions.

Assignment 2: Statistical Analysis

Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be a minimum of one single-spaced page to a maximum of two pages in length; refer to the "Assignment Format" page for specific format requirements.

NOTE: Show your work in the problems.

1. Compute the mean and variance of the following discrete probability distribution.

x

P(x)

2

.50

8

.30

10

.20

2. The Computer Systems Department has eight faculty, six of whom are tenured. Dr. Vonder, the chair, wants to establish a committee of three department faculty members to review the curriculum. If she selects the committee at random:

a. What is the probability all members of the committee are tenured?
b. What is the probability that at least one member is not tenured? (Hint: For this question, use the complement rule.)

3. New Process, Inc., a large mail-order supplier of women s fashions, advertises same-day service on every order. Recently, the movement of orders has not gone as planned, and there were a large number of complaints. Bud Owens, director of customer service, has completely redone the method of order handling. The goal is to have fewer than five unfilled orders on hand at the end of 95% of the working days. Frequent checks of the unfilled orders follow a Poisson distribution with a mean of two orders. Has New Process, Inc. lived up to its internal goal Cite evidence.

4. Recent information published by the U.S. Environmental Protection Agency indicates that Honda is the manufacturer of four of the top nine vehicles in terms of fuel economy.

a. Determine the probability distribution for the number of Hondas in a sample of three cars chosen from the top nine.
b. What is the likelihood that in the sample of three at least one Honda is included?

5. According to the January theory, if the stock market is up for the month of January, it will be up for the year. If it is down in January, it will be down for the year. According to an article in the Wall Street Journal, this theory held for 29 out of the last 34 years. Suppose there is no truth to this theory. What is the probability this could occur by chance?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92308155

Have any Question?


Related Questions in Statistics and Probability

Introduction to epidemiology assignment -assignment should

Introduction to Epidemiology Assignment - Assignment should be typed, with adequate space left between questions. Read the following paper, and answer the questions below: Sundquist K., Qvist J. Johansson SE., Sundquist ...

Question 1 many high school students take the ap tests in

Question 1. Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year,of the 211,693 students who too ...

Basic statisticsactivity 1define the following terms1

BASIC STATISTICS Activity 1 Define the following terms: 1. Statistics 2. Descriptive Statistics 3. Inferential Statistics 4. Population 5. Sample 6. Quantitative Data 7. Discrete Variable 8. Continuous Variable 9. Qualit ...

Question 1below you are given the examination scores of 20

Question 1 Below you are given the examination scores of 20 students (data set also provided in accompanying MS Excel file). 52 99 92 86 84 63 72 76 95 88 92 58 65 79 80 90 75 74 56 99 a. Construct a frequency distributi ...

Question 1 assume you have noted the following prices for

Question: 1. Assume you have noted the following prices for paperback books and the number of pages that each book contains. Develop a least-squares estimated regression line. i. Compute the coefficient of determination ...

Question 1 a sample of 81 account balances of a credit

Question 1: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126. 1. Formulate the hypotheses that can be used to determine whether the mean of all acc ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

Armstrong faber produces a standard number-two pencil

Armstrong Faber produces a standard number-two pencil called Ultra-Lite. The demand for Ultra-Lite has been fairly stable over the past ten years. On average, Armstrong Faber has sold 457,000 pencils each year. Furthermo ...

Sppose a and b are collectively exhaustive in addition pa

Suppose A and B are collectively exhaustive. In addition, P(A) = 0.2 and P(B) = 0.8. Suppose C and D are both mutually exclusive and collectively exhaustive. Further, P(C|A) = 0.7 and P(D|B) = 0.5. What are P(C) and P(D) ...

The time to complete 1 construction project for company a

The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore: (a) What is the probability that a project will be finished in one and half years? (b) What is 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