Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The Idaho Department of Law Enforcement, in conjunction with the federal government, recently began a truck inspection program in Idaho. The current inspection effort is limited to an inspection of only those trucks that visually appear to have some defect when they stop at one of the weigh stations in the state. The proposed inspection program will not be limited to the trucks with visible defects, but will potentially subject all trucks to a comprehensive safety inspection.

Jane Lund of the Department of Law Enforcement is in charge of the new program. She has stated that the ultimate objective of the new truck inspection program is to reduce the number of trucks with safety defects operating in Idaho. Ideally, all trucks passing through, or operating within Idaho would be inspected once a month, and substantial penalties would be applied to operators if safety defects were discovered. Ms. Lund is confident that such an inspection program would, without fail, reduce the number of defective trucks operating on Idaho's highways. However, each safety inspection takes about an hour, and because of limited money to hire inspectors, she realizes that all trucks cannot be inspected. She also knows it is unrealistic to have trucks wait to be inspected until trucks ahead of them have been checked. Such delays would cause problems with the drivers.

In meetings with her staff, Jane has suggested that before the inspection program begins, the number of defective trucks currently operating in Idaho should be estimated. This estimate can be compared with later estimates to see if the inspection program has been effective. To arrive at this initial estimate, Jane thinks that some sort of sampling plan to select representative trucks from the population for all trucks in the state must be developed. She has suggested that this sampling be done at the eight weigh stations near Idaho's borders, but she is unsure how to establish a statistically sound sampling plan that is practical to implement.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9109629

Have any Question?


Related Questions in Statistics and Probability

A teacher started class one day by drawing the names of 10

A teacher started class one day by drawing the names of 10 students out of a hat and asked them to accomplish as much pushups as they could. The 10 randomly selected students averaged 15 pushups per person with a standar ...

Now assume that i am talking about a normally distributed

Now assume that I am talking about a normally distributed set of data: An IQ test. This IQ test has a mean of 100 and a standard deviation of 15. Find the following probabilities What is the probability that someone scor ...

A 2-year treasury security currently earns 197 percent over

A 2-year Treasury security currently earns 1.97 percent. Over the next two years, the real risk-free rate is expected to be 1.00 percent per year and the inflation premium is expected to be 0.60 percent per year. Calcula ...

A restaurant serves hot chocolate that has a mean

A restaurant serves hot chocolate that has a mean temperature of 175 degrees with a standard deviation of 8.1 degrees. Find the probability that a randomly selected cup of hot chocolate would have a temperature of less t ...

A project has an initial outlay of 2034 it has a single

A project has an initial outlay of $2,034. It has a single cash flow at the end of year 6 of $4,743. What is the internal rate of return (IRR) for the project? Round the answer to two decimal places in percentage form.

In a pre-election poll a candidate for district attorney

In a pre-election poll, a candidate for district attorney receives 304 of 600 votes. Assuming that the people polled represent a random sample of the voting population, test the claim that a majority of voters support th ...

A merton corporation has a 6 percent semiannual coupon bond

a) Merton Corporation has a 6 percent semiannual coupon bond which has 5 years until maturity, and the yield to maturity is 8 percent. (i) What interest (coupon) payments do bondholders receive each year? (ii) At what pr ...

Explain how the company newmans own brand fulfills the

Explain how the company Newman's Own brand fulfills the definition of a business for profit and a non-profit business at the same time. Consider in the response the functions of business, entrepreneurship and production ...

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%

Suppose you perform a multiple regression to predict crime

Suppose you perform a multiple regression to predict crime rate in a state and includes as indicators of predictions the homeownership rate divorce rate and the personal bankruptcy. Explain how to conduct a test of hypot ...

  • 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