Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question 1.

Consider a small bike shop in Bank Street Ottawa. Bicycles arrive at the shop in boxes. Before they can be sold, they must be unpacked, assembled, and tuned (lubricated, adjusted, etc.). Based on past experience, the shop manager makes the following assumptions about how long this may take:

  • The times for each setup phase are independent.
  • The means and standard deviations of the times (in minutes) are as shown:

Phase

Mean

SD

Unpacking

3.5

0.7

Assembly

21.8

2.4

Tuning

12.3

2.7

(a)What are the mean and standard deviation for the total bicycle setup time ?

(b)A customer decides to buy a bike like one of the display models but wants a different color. The shop has one, still in the box.  The manager says that they can have it ready in half an hour.  Do you think the   bike will be set up and ready to go as promised ? (Hint: Base your decision on the expected value)

(c) Most days, the bike shop completes this process on three bikes. The manager schedules 90 minutes per day in total for store employees to complete this task. Are the workers going to be able to complete this task in 90 minutes (of their combined work times)? (Hint: Base your decision on the expected value)

The bike shop will be offering two specially priced children's models at a sidewalk sale. The basic model will sell for $120 and the deluxe model for $150. Past experience indicates that sales of the basic model will have a mean of 5.4 bikes with a standard deviation of 1.2, and sales of the deluxe model will have a mean of 3.2 bikes with a standard deviation of 0.8 bikes. The cost of setting up for this sidewalk sale is $200.

(d) Define appropriate random variables and use them to express the bicycle shop's net income.

(e) What is the mean of the net income?

(f) What is the standard deviation of the net income?

(g) Do you need to make any assumptions in calculating the mean? How about the standard deviation?

Question 2.

According to Neurological research study published in Science news (161 no.24, 2002), in about 80% of peo- ple, language abilities reside in the brain's left side. Another 10% display right-brain language centres, and the remaining 10% have two sided language control. The later two groups are categorized as mainly left- handers.

(a) Assume that a first-year composition class in Telfer contains 25 randomly selected students. What is the probability that more than 22 of these students have only left-brain language control?

(b) In a randomly assigned group of five of these students, what is the probability that no one has two sided language control?

(c) In the entire first year class of 1200 students, how many would you expect to find of each  type?

(d)In the entire first year class of 1200 students, what are the mean and standard deviation of the number of these students who will be right-brained in language abilities?

Question  3.

In an island in pacific ocean, almost every year there is some incidence of volcanic activity. In 2007, there were five volcanic episodes, defined as either eruptions or, sizable seismic activity. Suppose the mean number of episodes is 2.4 per year. Let Y be the number of episodes in the two-year period 2011-2013.

(a) What model might you use to model Y?

(b) What is the mean number of episodes in this period?

(c) What is the probability that there will be no episodes in this period?

(d) What is the probability that there are more than three episodes in this period?

Question  4.

The length of human pregnancy from conception to birth can be modeled as a distribution that is approximately normal with mean 266 days and standard deviation 16 days.

(a) According to this model, what percentage of human pregnancies last longer than 279 days?

(b) Approximately 7 % of infants are premature. Using this model, find the pregnancy time that would result in a premature birth.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91518247
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Suppose that systolic blood pressure for 35- to

Suppose that systolic blood pressure for 35- to 44-year-olds is normally distributed with mean 125 in mm Hg and standard deviation 10 in mm Hg. What proportion of individuals will have a blood pressure reading between 12 ...

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 researcher records the following body mass index bmi

A researcher records the following body mass index (BMI) scores for a group of participants: 29.1 1.3 (M SD). Participants who score between 26 and 30 on this scale are categorized as overweight. What proportion of parti ...

Carrie ds has 67 million shares of common stock outstanding

Carrie D's has 6.7 million shares of common stock outstanding, 3.7 million shares of preferred stock outstanding, and 27.00 thousand bonds. If the common shares are selling for $29.80 per share, the preferred share are s ...

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.

Suppose that 20 of men p20 and 15 of women p 15 are

Suppose that 20% of men (P=.20) and 15% of women (P= .15) are carriers of a particular genetic trait. That trait can only be inherited by a child if both parents are carriers. What is the probability that a child is born ...

1 a chemical supply company ships a certain solvent in

1. A chemical supply company ships a certain solvent in 10-gallon drums. Let X represent the number of drums ordered by a randomly chosen customer. Assume X has the following probability mass function (pmf). The mean and ...

Marys parents decided to buy a new house for their

Mary's parents decided to buy a new house for their retirement. They are looking at $200,000 lake house. Since their credit history is excellent, they can get approved for 3.6% annual interest on 30-year mortgage. In the ...

Homework nbsp- conditional probability amp bayesian

Homework  - Conditional Probability & Bayesian Analysis 1) Questions: a. Consider rolling a 6 sided die 100 times to determine the number of times a "1" occurs: i. This is an example of what type of probability? ii. What ...

Past data from a specialized lung cancer clinic show that

Past data from a specialized lung cancer clinic show that 10% of patients entering the clinic have lung cancer. Data also shows 5% of the patients are smokers. Additionally, it is found that 7% of the patients are smoker ...

  • 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