Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

STAT 200 FINAL EXAM - Complete Solution

1. True or False. Justify for full credit.

(a) The volume of milk in a jug of milk is 128 oz. The value 128 is from a discrete data set.

(b) If the variance from a data set is zero, then all the observations in this data set must be zero.

(c) P( A AND Ac ) 0, where Ac is the complement of A.

(d) The mean and median for a normal distribution are always the same.

(e) In a hypothesis testing, if the p-value is less than the significance level α, we do not ?have sufficient evidence to reject the null hypothesis. Refer to the following frequency distribution for Questions 2, 3, 4, and 5. Show all work. Just the answer, without supporting work, will receive no credit.

2. A random sample of 25 customers was chosen in UMUC MiniMart between 3:00 and 4:00 PM on a Friday afternoon. The frequency distribution below shows the distribution for checkout time (in minutes).

Checkout Time (in minutes)

Frequency

Relative Frequency
1.0 - 1.96
2.0 - 2.98
3.0 - 3.9
4.0 - 5.95
Total

3. Complete the frequency table with frequency and relative frequency.

  • What percentage of the checkout times was less than 3 minutes?
  • In what class interval must the median lie? Explain your answer.
  • Assume that the largest observation in this dataset is 5.8. Suppose this observation were ?incorrectly recorded as 8.5 instead of 5.8. Will the mean increase, decrease, or remain the same? Will the median increase, decrease or remain the same? Why?
  • Refer to the following information for Questions 6, 7, and 8. Show all work. Just the answer, without supporting work, will receive no credit.
  • A 6-faced die is rolled two times. Let A be the event that the outcome of the first roll is an even number, and B be the event that the outcome of second roll is greater than 4.
  • How many outcomes are there in the sample space?
  • What is the probability that the outcome of the second roll is greater than 4, given that the first roll is an even number?
  • Are A and B independent? Why or why not?

Refer to the following situation for Questions 9, 10, and 11.
The five-number summary below shows the grade distribution of two STAT 200 quizzes.
Minimum

Q1
Median
Q3Maximum
Quiz 112406095100

Quiz 2
20

35

50
90100

For each question, give your answer as one of the following: (a) Quiz 1; (b) Quiz 2; (c) Both quizzes have the same value requested; (d) It is impossible to tell using only the given information. Then explain your answer in each case. (5 pts each)

  • Which quiz has less interquartile range in grade distribution?
  • Which quiz has the greater percentage of students with grades 90 and over?
  • Which quiz has a greater percentage of students with grades less than 60?
  • Refer to the following information for Questions 12 and 13. Show all work. Just the answer, without supporting work, will receive no credit.
  • There are 1000 juniors in a college. Among the 1000 juniors, 200 students are taking STAT200, and 100 students are taking PSYC300. There are 50 students taking both courses.
  • What is the probability that a randomly selected junior is taking at least one of these two courses? (10 pts)
  • What is the probability that a randomly selected junior is taking PSYC300, given that he/she is taking STAT200? (10 pts)

UMUC Stat Club is sending a delegate of 2 members to attend the 2015 Joint Statistical Meeting in Seattle. There are 10 qualified candidates. How many different ways can the delegate be ?selected?

  • Imagine you are in a game show. There are 4 prizes hidden on a game board with 10 spaces. One prize is worth $100, another is worth $50, and two are worth $10. You have to pay $20 to the host if your choice is not correct. Let the random variable x be the winning. Show all work. Just the answer, without supporting work, will receive no credit.
  • What is your expected winning in this game?
  • Determine the standard deviation of x. (Round the answer to two decimal places.)

4. Mimi just started her tennis class three weeks ago. On average, she is able to return 20% of her opponent's serves. Assume her opponent serves 8 times. Show all work. Just the answer, without supporting work, will receive no credit.

(a) Let X be the number of returns that Mimi gets. As we know, the distribution of X is a binomial probability distribution. What is the number of trials (n), probability of successes (p) and probability of failures (q), respectively?

(b) Find the probability that that she returns at least 1 of the 8 serves from her opponent.

(c) How many serves can she expect to return? ?
Refer to the following information for Questions 17, 18, and 19. Show all work. Just the answer, without supporting work, will receive no credit.

The heights of pecan trees are normally distributed with a mean of 10 feet and a standard deviation of 2 feet.
What is the probability that a randomly selected pecan tree is between 10 and 12 feet tall?
Find the 3rd quartile of the pecan tree height distribution.
If a random sample of 100 pecan trees is selected, what is the standard deviation of the sample mean?

A random sample of 225 SAT scores has a sample mean of 1500. Assume that SAT scores have a population standard deviation of 300. Construct a 95% confidence interval estimate of the mean SAT scores. Show all work. Just the answer, without supporting work, will receive no credit.
Consider the hypothesis test given by
0:p 0.5
1:p 0.5?
In a random sample of 225 subjects, the sample proportion is found to be pˆ 0.51.

(a) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit.

(b) Determine the p-value for this test. Show all work; writing the correct P-value, without supporting work, will receive no credit.

(c) Is there sufficient evidence to justify the rejection of H0 at the a=0.01 Explain.

5. Consumption of a large amount of alcohol is known to increase reaction time. To investigate the effects of small amounts of alcohol, reaction time was recorded for five individuals before and after 2 ounces of alcohol was consumed by each. Does the data below suggest that the consumption of 2 ounces of alcohol increases mean reaction time?

Assume we want to use a 0.01 significance level to test the claim.
(a) Identify the null hypothesis and the alternative hypothesis. ?
(b) Determine the test statistic. Show all work; writing the correct test statistic, without ?supporting work, will receive no credit. ?
(c) Determine the p-value. Show all work; writing the correct critical value, without ?supporting work, will receive no credit. ?
(d) Is there sufficient evidence to support the claim that the consumption of 2 ounces of alcohol increases mean reaction time? Justify your conclusion.

6. A STAT 200 instructor is interested in whether there is any variation in the final exam grades between her two classes Data collected from the two classes are as follows:

Her null hypothesis and alternative hypothesis are:

7. Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit. ?
b. Determine the p-value for this test. Show all work; writing the correct P-value, without supporting work, will receive no credit. ?
(c) Is there sufficient evidence to justify the rejection of H0 at the 0.01 Explain.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91596459
  • Price:- $60

Priced at Now at $60, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Assignment -company name - hewlett packard1 what does your

Assignment - Company name - Hewlett Packard. 1. What does your company produce? 2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company. Prepare a trend analy ...

Question - the ward county hospital center wchc wants to

Question - The Ward County Hospital Center (WCHC) wants to buy a new mobile primary care van to use in screening residents in an underserved local neighborhood. The van will last five years and costs sixty-eight thousand ...

Question - bryant leased equipment that had a retail cash

Question - Bryant leased equipment that had a retail cash selling price of $740,000 and a useful life of five years with no residual value. The lessor paid $600,000 to acquire the equipment and used an implicit rate of 7 ...

Question - a 13-year annuity pays 2800 per month and

Question - A 13-year annuity pays $2,800 per month, and payments are made at the end of each month. The interest rate is 12 percent compounded monthly for the first seven years, and 10 percent compounded monthly thereaft ...

Question - on january 2 2017 alpha corporation issued 15000

Question - On January 2, 2017, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On July 1, 2017, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, ...

Question competenciesbullevaluate the reasons business

Question: Competencies • Evaluate the reasons business combinations occur and the accounting implications of such transactions. • Critique the development of International Accounting Standards and the implications for US ...

Question - computing a basket purchase allocation and

Question - Computing a Basket Purchase Allocation, and Recording Depreciation under Three Alternative Methods At the beginning of the year, Wong's Martial Arts Centre bought three used fitness machines from Hangar Inc. f ...

Question for this weeks discussion research the most common

Question: For this week's Discussion, research the most common threats to a computerized accounting system using the Internet and/or Strayer databases. Be prepared to discuss. 1. Upon examination of the greatest threats ...

Question - f l wright architects incorporated as licensed

Question - F. L. Wright Architects incorporated as licensed architects on September 1, 2018. During the first month of the operation of the business, these events and transactions occurred: Sept. 1 Stockholders invested ...

Questions -q1 tom is employed by aa ltd in the usa which is

Questions - Q1. Tom is employed by AA Ltd in the USA which is the parent company located in Los Angelos. Tom was transferred on the 30th of December 2017 to the subsidiary company in Brunswick Melbourne Victoria. AA Ltd ...

  • 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