Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Assignment

1. Know the definitions of the following terms:

A. Margin of Error
B. Mean
C. Range
D. Parameter
E. Continuous
F. Outliers
G. Scatterplot
H. Mutually Exclusive
I. Statistic
J. IQR
K. Median
L. Correlation
M. Sample Space
N. Standard Deviation
O. Independent
P. Quartiles
Q. Boxplot
R. Event
S. Discrete

2. DRAW THE APPROPRIATE PICTURES, and calculate each of the following probabilities.

a. P[1.33≤T_((17) )≤2.567]

b. P[0.61

3. Suppose that X~Bin(12, 0.4):

a. Calculate the probability that X = 8

b. Calculate P[5

4. Assume that you will take a sample of size 36 from a population of GPAs with a mean value of 2.1 and a population standard deviation of 0.4.

a. Specify the sampling distribution of X ¯, your sample mean value.

b. Calculate P[X ¯>2.20].

5. Suppose that you do know the value of the population standard deviation and that you want to calculate an 80% CI for μ, the population mean value. Determine the value of the critical number that you would use to calculate this CI.

6. Given the following probability distribution table for the random variable X:

X:     -3     2     7
f(x): 0.3   0.5   0.2

a. Calculate the Expected Value of X.

b. Calculate the Variance of X.

7. Given the following heights measured in inches: 68, 72, 65, 69, 72:

a. Calculate the mean height for this sample.

b. Calculate the standard deviation for this sample of heights.

8. Suppose that you will pick two cards from a standard deck of 52 cards, without replacement, and you are only interested in whether each of the cards that you select is a diamond, or not.

a. Draw the complete tree diagram, with all of the twig probabilities in place.

b. What is the probability that exactly 1 of the two cards that you select is a diamond?

9. Use the data set in question 7 to find the 95% CI for μ.

10. Name the two desirable properties for any CI.

11. Students were given a quiz, and the amount of time (measured in minutes) it took each student to finish the quiz was recorded. The results follow:

10, 11, 11.25, 12.5, 12.5, 14, 15, 18, 18, 20, 22

a. Complete the 5-Number summary of this data set:

Min: _____
Q1: _____
Q2: _____
Q3: _____
Max: _____

b. Calculate the IQR for this data set.

c. Calculate the Upper Fence for this data set.

d. What is the reason that you would calculate the Fences in an analysis?

12. Consider the following scatterplots:

a. Which scatterplot has the smallest r-value?

b. Which scatterplot shows the weakest linear correlation?

c. Which scatterplot has an r-value closest to 1?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92572203
  • Price:- $130

Priced at Now at $130, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Aprobability experiment consists of rolling a 6-sided die

A probability experiment consists of rolling a 6-sided die. What is the probability of rolling a number less than 6.

Why has libor played such a central role in international

Why has LIBOR played such a central role in international business and financial contracts? Why has this been questioned in recent debates over its value reported?

In this question are you just using the empirical ruleyou

In this question are you just using the empirical rule? You know that your population is normally distributed with a mean of 100 and a standard deviation of 15. Using the empirical rule as a rough approximation, what is ...

Anystate auto insurance company took a random sample

Anystate Auto Insurance Company took a random sample of 388 insurance claims paid out during a 1-year period. The average claim paid was $1575. Assume  σ  = $240. Find a 0.90 confidence interval for the mean claim paymen ...

The accompanying table presents the number of individuals

The accompanying table presents the number of individuals by smoking and disease status. What are the odds that a smoker will get Disease A? That a nonsmoker will get disease A? What is the odds ration?  Disease A Smokin ...

If we are interested in job satisfactionname a variable

If we are interested in job satisfaction. Name a variable that correlates with job satisfaction but we do not have causation. Name a variable that you believe may have a casual relationship with job satisfaction. Name a ...

A travel analyst claims that the mean room rates at a

A travel analyst claims that the mean room rates at a three-star hotel in Chicago is greater than $152. In a random sample of 36 three-star hotel rooms in Chicago, the mean room rate is $165 with a standard deviation of ...

Suppose that a companys equity is currently selling for

Suppose that a company's equity is currently selling for $26.00 per share and that there are 5.60 million shares outstanding. If the firm also has 46 thousand bonds outstanding, which are selling at 109.00 percent of par ...

The blenders produced by a company have a normally

The blenders produced by a company have a normally distributed life span with a mean of 8.2 years and a standard deviation of 1.3 years. What warranty should be provided so that the company is replacing at most 10% of th ...

Mort is to pay off a loan of 75000 with equal payments at

Mort is to pay off a loan of $75,000 with equal payments at the end of every month over 10 years (i.e., 120 months). The ANNUAL effective rate is 5%. Mort decides that he can actually manage to pay double the monthly pay ...

  • 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