Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The capacity of an elevator is 10 people or 1520 pounds. The capacity will be exceeded if 10 people have weights with a mean greater than 1520/10=152 pounds. Suppose the people have weights that are normally distributed with a mean of 162 lb and a standard deviation of 31 lb.

(a) Find the probability that if a person is randomly selected, his weight will be greater than 152 pounds. (round to four decimal places as needed)

(b) Find the probability that 10 randomly selected people will have a mean that is greater than 152 pounds. (Round to 4 decimal places as needed)

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91006456

Have any Question?


Related Questions in Statistics and Probability

A copier services company is considering adding an advanced

A copier services company is considering adding an advanced model to its product line but is concerned about excessive maintenance calls. During a trial introduction in a test market, maintenance personnel recorded X, th ...

Is there a way to approach this problem in excelthe

Is there a way to approach this problem in Excel: The Marriott Hotel marketing team wants to estimate ρ, the proportion of the hotel guests who were return visitors in the past three years. They select a simple random sa ...

How to calculate the sample space problem consider the

How to calculate the sample space? Problem: Consider the experiment of drawing two cards from a deck in which all picture cards have been removed and adding their values (with ace = 1)

The standard deviation of the market-index portfolio is 45

The standard deviation of the market-index portfolio is 45%. Stock A has a beta of 1.20 and a residual standard deviation of 55%. a-1. Calculate the total variance of stock A if its beta is increased by 0.20?  (Do not ro ...

1 approximately 20 of corporate workforce are not happy

1) Approximately 20% of corporate workforce are not happy with their immediate bosses. Suppose 10 workers working in corporates are randomly selected. a) What is the probability that everybody of them is happy with his i ...

What are the ways that it can help comply with legal

What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?

John plans to take three suits on his business trip if john

John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?

The number of phone calls that arrive at a phone exchange

The number of phone calls that arrive at a phone exchange is often modeled as a Poisson random variable. Assume that on average there are 7 calls per hour. Show all work. a)  Find the probability that there are exactly f ...

The probability of a california teenager owning a surfboard

The probability of a California teenager owning a surfboard is 0.43, of owning a skateboard is 0.38, and of owning both is 0.28. If a California teenager is selected at random, find the probability that he or she owns a ...

A new computer system will require an initial outlay of

A new computer system will require an initial outlay of $15,500, but it will increase the firm's cash flows by $3,100 a year for each of the next 7 years. How high can the discount rate be before you would reject the pro ...

  • 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