Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Introduction to Probability

Residing in Fort Walton Beach, Florida and working at Eglin AFB. It can be a challenge to drive to each morning since the base is under construction. If there's an accident or construction being worked, this can also increase the wait time it takes me to get to work. Normally it takes a little over 15 minutes before the construction started but now it takes 20 or more minutes. For this SLP, I will be collecting variable data for 10 days on how long it takes me to drive to work each day since it can difficult at times depending on traffic.

  • Day 1 - 22 minutes - Construction
  • Day 2 - 35 minutes - Construction
  • Day 3 - 30 minutes - Construction
  • Day 4 - 28 minutes - Construction
  • Day 5 - 31 minutes - Construction
  • Day 6 - 33 minutes - Construction
  • Day 7 - 15 minutes - Normal traffic
  • Day 8 - 17 minutes - Normal traffic
  • Day 9 - 35 minutes - Accident at intersection
  • Day 10 - 18 minutes - Normal

Table 1 showing the sum of the collected wait times. Here, n=10,∑x=264.

The mean waiting time is, x ¯= (∑x)/n= 264/10 = 26.4 minutes

Table 1.

Day

Wait Time (in min)

1

22

2

35

3

30

4

28

5

31

6

33

7

15

8

17

9

35

10

18

Sum

264

Table 2 showing the ordered series (Ascending) of the collected wait times.

Table 2.

15

17

18

22

28

30

31

33

35

35

Since n=10, is even the mean of the two middle terms is the required median.

The median waiting time is, M= Mean of 5th and 6th terms in the ordered series

= (28 + 30)/2

= 29 minutes

The most frequent value of the collected wait times is 35, i.e. it was repeated 2 times. Therefore, the mode of waiting times is 35 minutes.

Since it was expected that now it takes 20 or more minutesto get to work if there's an accident or construction being worked, the three measures obtained here support the expectations.

Among the calculated 3 measures of central tendency, the mean is the most accurately describes the variable under study. Since the variable wait time is measured on continuous ratio scale, the arithmetic mean is an appropriate measure to describe the central tendency.

Chart 1 contains the box-plot of the collected 10 wait times.

1730_box-plot.jpg

The box-plot depicts that the distribution of wait times is skewed to its left. The values of mean, median and mode (26.4 < 29 < 35) also indicated the same.

Continuing with the data, write a paper (1-3 pages) including all of the following content:

• Include your data from Module 1.

• Create a frequency distribution table for your data. You can use Excelor Word.

• Calculate the standard deviation.

• Calculate the variance.

• Is this a normal distribution? How do you know?

• What are the implications?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91409836
  • Price:- $75

Priced at Now at $75, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Suppose you are a statistics consultant hired to study

Suppose you are a statistics consultant, hired to study whether a tax on alcohol has decreased average alcohol consumption in Australia. For a given sample of randomly selected individuals, you are able to obtain the dif ...

For each scenario below what is the appropriate statistical

For each scenario below, what is the appropriate statistical analysis to use? (t-test for two independent samples, t-test for dependent samples, ANOVA, or chi-square test of independence) and why? (a) A study was conduct ...

Strip mining inc can develop a new mine at an initial cost

Strip Mining Inc. can develop a new mine at an initial cost of $11 million. The mine will provide a cash flow of $39 million in 1 year. The land then must be reclaimed at a cost of $32 million in the second year. a.  Wha ...

Problem arrival of vehicles at new jersey turnpike toll

Problem: Arrival of vehicles at New Jersey Turnpike toll booth on Saturdays at dawn is modeled as a Poisson Arrival process with a rate of 1.21 vehicles per minute. Let X be a random variable that records the number of a ...

Industries recently commissioned management consultants to

Industries recently commissioned management consultants to estimate an appropriate rate for investment projects with the same risk as the firm. Unfortunately, part of the report was lost, and you have been asked to calcu ...

Tossing a fair coin three times whats the probability that

Tossing a fair coin three times, what's the probability that at least one head will occur?

The speed of cars on a stretch of road is normally

The speed of cars on a stretch of road is normally distributed with an average 42 miles per hour with a standard deviation of 5.9 miles per hour. What is the probability that a randomly selected car is violating the spee ...

Assume a random sample of n 5 measurements from a normal

Assume a random sample of n = 5 measurements from a normal distribution. Compare the standard normal z-values with the corresponding t-values if you were forming an 80% confidence interval.

Abbb-rated corporate bond has a yield to maturity of 128

A? BBB-rated corporate bond has a yield to maturity of 12.8 %. A U.S. treasury security has a yield to maturity of 11.4 %. These yields are quoted as APRs with semiannual compounding. Both bonds pay? semi-annual coupons ...

Assume the random variable x is normally distributed with

Assume the random variable x is normally distributed with mean mu = 86 and standard deviation sigma =4. Find the indicated probability. P(x

  • 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