Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Over the last year the absentee rate at a large corporation averaged 8.2 days absent with a standard deviation of 6 days. One department with 40 employees had an absentee rate of 12 days per employee. During an investigation the department head argued as follows: "If you took 40 employees at random from the corporation, there is a pretty good chance the average number of days absent would be 12 or more. That's what happened to us-chance variation." Is this a good defense? Justify your answer.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9371481

Have any Question?


Related Questions in Statistics and Probability

A jar of peanut butter contains 451 grams with a standard

A jar of peanut butter contains 451 grams with a standard deviation of 10.6 grams. Assuming a normal distribution, find the probability that a jar contains less than 448 grams.

A spinner is divided into five equal sectors labeled 1

A spinner is divided into five equal sectors labeled 1 through 5. What is the probability of getting at most two prime numbers in three spins?

Two companies make instruments for bands company as product

Two companies make instruments for bands. Company A's product has a lifespan of 5 years and a standard deviation of 15 months. Compny B's product has a mean lifespan of 5 years and a standard deviation of 3 months. Which ...

What steps do i take to calculate the personnel office at a

What steps do I take to calculate :the personnel office at a large electronics firm regularly schedules job interviews and maintains records of the interviews. From the past records, they have found that the length of a ...

A bond that makes payments in a certain currency contains

A bond that makes payments in a certain currency contains the risk of holding that currency and so is priced according to the yields of similar bonds in that currency.

The height of 5th grade boys is normally distributed with

The height of 5th grade boys is normally distributed with mean μ=57 inches and standard deviation σ=2 inches. What is the probability that the height of a randomly selected 5th grade boy will be between 53 inches and 61 ...

In a pre-election poll a candidate for district attorney

In a? pre-election poll, a candidate for district attorney receives 253 of 500 votes. Assuming that the people polled represent a random sample of the voting? population, test the claim that a majority of voters support ...

Loking for guidancea distribution of exam scores has mu

Looking for guidance: A distribution of exam scores has μ = 90 and σ = 10. In this distribution, Sharon's score is 9 points above the mean, Jill has a z-score of +1.20, Steve's score is ½ standard deviation above the mea ...

Kevin knows that the beta of his portfolio is equal to 1

Kevin knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk premium. He also knows that the expected return on the market is 8.25 percent. What is the ex ...

Mrs salmon agrees to repay a loan by paying 500 at the end

Mrs. Salmon agrees to repay a loan by paying $500 at the end of each month for 5 years. The first payment is due at the end of the 6th month from today and the remaining payments will continue for another 59 months. If t ...

  • 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