Suppose that replacement times for washing machines are normally distributed with a mean of 8.9 years and a standard deviation of 1.1 years. Find the probability that 81 randomly selected washing machines will have a mean replacement time less than 8.8 years

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Answer 1

The probability that 81 randomly selected washing machines will have a mean replacement time less than 8.8 years is 0.2061, or approximately 20.61%.  

We have the following information:μ = 8.9 yearsσ = 1.1 yearsSample size n = 81

The Central Limit Theorem can be applied here as the sample size is more than 30.

The sampling distribution of the mean will follow the normal distribution with a mean equal to the population mean and a standard deviation equal to the population standard deviation divided by the square root of the sample size.

This means that, the distribution of the mean replacement time for 81 washing machines will be normally distributed with mean = 8.9 years and standard deviation=1.1/√81=0.122 years

Therefore, the z-score can be calculated as follows:

z=(x-μ)/σz=(8.8-8.9)/0.122= -0.82To find the probability that 81 randomly selected washing machines will have a mean replacement time less than 8.8 years, we need to find the area to the left of z = -0.82 in the standard normal distribution table.

Using the table or a calculator, this is found to be 0.2061.

Thus, the probability that 81 randomly selected washing machines will have a mean replacement time less than 8.8 years is 0.2061, or approximately 20.61%.

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Related Questions

A dragonologist is studying wild dragons in North West China. He hires a statistician to help him figure out the proportion of green dragons, compared to all other dragons. After surveying the land using a SRS tactic, the statistician found 15 out of 100 to be green dragons. Calculate the margin of error for a 95% confidence interval (round to two decimal places)

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The formula for margin of error for a 95% confidence interval is: Margin of Error = (Critical value) * (Standard deviation of the statistic)In the given situation, the proportion of green dragons was 15 out of 100. Therefore, the proportion of non-green dragons would be (100-15) = 85 out of 100.

Now, let's use the formula of standard deviation to determine the standard deviation of the statistic (p-hat) for the green dragons, which is given by:p-hat = 15/100 = 0.15q-hat = 1 - p-hat = 0.85n = 100Using the formula for standard deviation of the statistic, we get:√[(p-hat * q-hat) / n] = √[(0.15 * 0.85) / 100] = 0.0393Now, let's find the critical value using a normal distribution table or calculator for 95% confidence interval, which is given by:z* = 1.96 (rounded to two decimal places)Therefore, the margin of error for a 95% confidence interval is:Margin of Error = z* * (Standard deviation of the statistic)= 1.96 * 0.0393= 0.077. A dragonologist has hired a statistician to help him determine the proportion of green dragons in comparison to all other dragons in North West China. Using a simple random sampling (SRS) tactic, the statistician has discovered that there are 15 green dragons out of 100. We are required to calculate the margin of error for a 95% confidence interval. The formula for margin of error for a 95% confidence interval is as follows:Margin of Error = (Critical value) * (Standard deviation of the statistic)Firstly, we need to calculate the standard deviation of the statistic for the green dragons, which is given by:p-hat = 15/100 = 0.15q-hat = 1 - p-hat = 0.85n = 100 Using the formula for standard deviation of the statistic, we get:√[(p-hat * q-hat) / n] = √[(0.15 * 0.85) / 100] = 0.0393 Next, we need to find the critical value using a normal distribution table or calculator for 95% confidence interval, which is given by:z* = 1.96 (rounded to two decimal places)Therefore, the margin of error for a 95% confidence interval is:Margin of Error = z* * (Standard deviation of the statistic)= 1.96 * 0.0393= 0.077Hence, the margin of error for a 95% confidence interval is 0.077.

The margin of error is a measure of the uncertainty of a statistic (such as a mean or proportion) for a given sample. It represents the degree of inaccuracy that we can expect from our sample, given that the same sample is drawn repeatedly. The margin of error for a 95% confidence interval can be calculated using the formula Margin of Error = z* * (Standard deviation of the statistic), where z* is the critical value for the desired confidence level and standard deviation of the statistic is calculated from the sample data. In the given situation, we have calculated the margin of error for a 95% confidence interval to be 0.077 using the formula.

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15. Suppose a value of Pearson r is calculated for a sample of 62 individuals. In testing for significance, what degrees of freedom (df) value would be used? A. 61 B. 60 C. 62 D. none of the above 16. When conducting a correlational study using the Pearson r, what is the null hypothesis? A. There is a non-zero correlation for the population of interest B. The sample correlation is zero C. There is a non-zero correlation for the sample D. The population correlation is zero 17. If a value of Pearson r of 0.85 is statistically significant, what can you do? A. Establish cause-and-effect B. Explain 100% of the variation in the scores C. Make predictions D. All of the above 18. Suppose you surveyed a random sample of 72 students and a value of Pearson r of −0.25 was calculated for the relationship between age and number of downloaded songs. At the .05 level of significance, did you find a statistically significant relationship between the variables? A. Yes B. No 19. Suppose a researcher conducts a correlational study with 82 individuals. At the .05 level of significance, what critical value should the researcher use to determine if significance was obtained? A. 21 B. .20 C. 22 D. none of the above 20. Suppose a student got a score of 7 on X. If Y=2.64+0.65X, what is the student's predicted score on Y ? A. 7.20 B. 7.19 C. 23.03 D. none of the above

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B. 60. Degrees of freedom is one of the most important concepts that any statistics student should be familiar with. The degrees of freedom indicate the number of scores in a sample that are independent and free to vary when estimating population parameters.

When working with the Pearson r correlation coefficient, the degrees of freedom are calculated using the following formula: n - 2, where n is the number of individuals in the sample. In this case, the sample size is 62, so the degrees of freedom would be 62 - 2 = 60.16. B. The sample correlation is zero. +The null hypothesis in a Pearson r correlation test states that there is no significant correlation between the variables in the population of interest.

Therefore, if you were conducting a correlational study using the Pearson r, the null hypothesis would be that there is no significant correlation between the variables in the population, which means that the sample correlation is zero.17.  C. Make predictions If a value of Pearson r of 0.85 is statistically significant, it means that there is a strong positive correlation between the two variables. Therefore, you would be able to use this information to make predictions about the relationship between the two variables in the population of interest. However, it is important to note that correlation does not imply causation, so you would not be able to establish cause-and-effect based on this information alone.18. When conducting a hypothesis test using the Pearson r correlation coefficient, the null hypothesis is that there is no significant correlation between the variables in the population. In this case, the p-value associated with the correlation coefficient is greater than .05, which means that you would fail to reject the null hypothesis. At the .05 level of significance, the critical value for a two-tailed test with 80 degrees of freedom (82 - 2) would be approximately 1.990, so the critical value for a one-tailed test with 80 degrees of freedom would be approximately 1.660.20. The formula for predicting scores on Y based on scores on X is: Y = a + bX, where a is the y-intercept and b is the slope of the regression line. In this case, the formula is Y = 2.64 + 0.65(7),

which simplifies to Y = 7.20. Therefore, the predicted score on Y for a student with a score of 7 on X would be 7.20.

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erform the calculation and round the answer to the correct number of significant figures. \[ 16.023-5.58= \]

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The value of 16.023-5.58 = 10.4430 rounded off to the correct number of significant figures.

To perform the calculation and round the answer to the correct number of significant figures for the expression 16.023-5.58, follow these steps: First, subtract the given values of 16.023 and 5.58.16.023 - 5.58 = 10.443. The difference value is 10.443.

Now, round the answer to the correct number of significant figures by identifying the least significant digit that has been given in the question.

Here, the least significant figure is 2. The next digit after 2 is 3 which is greater than or equal to 5, so round up the digit. Therefore, rounding off 10.443 to the nearest thousandth gives 10.4430.

Thus, the value of 16.023-5.58 = 10.4430 rounded off to the correct number of significant figures.

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Truck drivers have claimed that if the highway speed limit is raised to 75 mph, there will be fewer speeding tickets issued to truckers. An examination of traffic citations showed that before the speed limit was raised, the mean number of traffic tickets issued to truckers was 45 per week. A random sample of 32 weeks chosen from the time after speed limits were raised had a sample mean with sample standard deviation s = 8. Use a 5% significance level to test whether this data supports the truckers’ claim. Interpret your answer in real world terms.

Answers

The t-test results indicate that there is enough evidence to support the truckers' claim, suggesting that raising the highway speed limit to 75 mph has led to fewer speeding tickets issued to truckers.

The null hypothesis (H₀) is that the mean number of traffic tickets issued to truckers after the speed limit was raised is the same as before, μ = 45. The alternative hypothesis (H₁) is that the mean number of tickets is fewer after the speed limit was raised, [tex]\mu[/tex] < 45. Using a significance level of 0.05, we conduct a one-sample t-test to determine if there is enough evidence to support the truckers' claim.

We can use the sample standard deviation (s = 8) and the sample size (n = 32) to estimate the standard error of the mean (SE).

Once we have the t-statistic, we can compare it to the critical value from the t-distribution with (n - 1) degrees of freedom. If the t-statistic is less than the critical value, we reject the null hypothesis in favor of the alternative hypothesis, supporting the truckers' claim.

In real-world terms, if the data supports the truckers' claim, it suggests that raising the highway speed limit to 75 mph has led to a decrease in the number of speeding tickets issued to truckers. This could imply that truck drivers are now able to comply with the higher speed limit without exceeding it, resulting in fewer violations and citations.

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As an industrial engineer, you are responsible for selecting sources of supply for manufactured components to use in your firm's production process. The IE for a certain supplier has indicated that they can supply an electronic sub-assembly that has a defect rate of B\%. Assume independence of sub-assemblies. a) You accept A/5 sub-assemblies for evaluation. What is the mean number of defective sub-assemblies? Discuss the distribution you are using for calculation. b) You accept A/5 sub-assemblies for evaluation. What is the probability that there are exactly B defective items? c) What is the average number of trials until the first defective sub-assemble is detected? Discuss the distribution you are using for calculation. d) What is the probability that you have to evaluate at least 2 sub-assemblies until you find defective item? e) What is the average number of trials until 2 defective sub-assemblies is detected? Discuss the distribution you are using for calculation. f) What is the probability that you have to evaluate at most C sub-assemblies until you find 2 defective items?

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The mean number of defective sub-assemblies is B/100 * A/5 = AB/500. The distribution used for calculation is the Binomial distribution.

b) The probability that there are exactly B defective items is (AB/500)^B * (1-AB/500)^(A/5-B).

c) The average number of trials until the first defective sub-assemble is detected is 1/(1-0.021). The distribution used for calculation is the geometric distribution.

d) The probability that you have to evaluate at least 2 sub-assemblies until you find defective item is 1 - (1 - 0.021)^2 = 0.044.

e) The average number of trials until 2 defective sub-assemblies is detected is 1/(1-(0.021)^2). The distribution used for calculation is the negative binomial distribution.

f) The probability that you have to evaluate at most C sub-assemblies until you find 2 defective items is 1 - (1 - (0.021)^2)^C.

a) The Binomial distribution is a probability distribution that describes the number of successes in a fixed number of trials, where each trial has a known probability of success. In this case, the number of trials is A/5 and the probability of success is 0.021 (the defect rate).

b) The probability that there are exactly B defective items can be calculated using the Binomial distribution formula.

c) The geometric distribution is a probability distribution that describes the number of trials until the first success, where each trial has a known probability of success. In this case, the probability of success is 0.021 (the defect rate).

d) The probability that you have to evaluate at least 2 sub-assemblies until you find defective item can be calculated by subtracting the probability of finding a defective item on the first trial from 1.

e) The negative binomial distribution is a probability distribution that describes the number of failures before the r-th success, where each trial has a known probability of success. In this case, the number of failures is 1 and the number of successes is 2. The probability of success is 0.021 (the defect rate).

f) The probability that you have to evaluate at most C sub-assemblies until you find 2 defective items can be calculated using the negative binomial distribution formula.

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Rewrite the statements so that negations appear only within predicates (so that no negation is outside a quantifier or an expression involving logical connectives) (14 pts). -Vx (D(x) → (A(x) V M(x))) 2. Prove that the following expressions are logically equivalent by applying the laws of logic (14 pts). (p/q) → (p V q) and T

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proving it as a tautology.

To rewrite the statement so that negations appear only within predicates, use De Morgan’s law which states that “negation of conjunction of statements is equivalent to disjunction of negations of the statements.”Negations are placed only in predicates in the following ways:

-Vx (D(x) → (A(x) V M(x))) becomes Vx(D(x) ∧ ¬(¬A(x) ∧ ¬M(x)))2. We need to prove that (p/q) → (p V q) is equivalent to T by using the rules of logic.

It is a tautology.

A tautology is a statement that is always true, no matter the values of the variables used.

T is defined as truth always,

thus proving it as a tautology.

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Correlation coefficient is a measure of the strength of the relationship between two numeric variables, X and Y. (A) True B False
When the data in scatterplot lie perfectly on a A True B) False

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(A) False. The statement is false. The correlation coefficient does not capture the presence or absence of a relationship if the data points in a scatterplot lie perfectly on a different pattern or curve other than a straight line.

The correlation coefficient is a measure of the strength and direction of the linear relationship between two variables, X and Y. It ranges from -1 to 1, where -1 represents a perfect negative linear relationship, 1 represents a perfect positive linear relationship, and 0 represents no linear relationship.

In cases where the data points lie perfectly on a different pattern or curve, such as a parabola or a sine wave, the correlation coefficient may be close to zero or indicate a weak relationship, even though there is a strong non-linear relationship between the variables. The correlation coefficient only measures the linear relationship, so it may not accurately capture the true nature of the relationship when the data points deviate from a straight line.

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For Daily Nitrogen Balance in the Figure, what statistical test was used to determine whether the groups were different? a. Independent t tests b. Dependent t tests (aka Paired t tests) c. Repeated measures ANOVA d. A One way ANOVA

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The test chosen would depend on the research design, data characteristics, and the specific research question being addressed. Without this information, it is not possible to determine the exact test used for the analysis.

Based on the information provided, it is not possible to determine which specific statistical test was used to determine whether the groups in the Daily Nitrogen Balance figure were different. The options given include independent t-tests, dependent t-tests (paired t-tests), repeated measures ANOVA, and a one-way ANOVA. Each of these tests serves a different purpose and is used under specific circumstances.

To determine which statistical test was used, it would be necessary to refer to the methodology or analysis described in the specific research study or publication from which the Daily Nitrogen Balance figure was obtained. The test chosen would depend on the research design, data characteristics, and the specific research question being addressed. Without this information, it is not possible to determine the exact test used for the analysis.

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Consider the following sets of sample data: A: 94, 76, 90, 89, 81, 81, 98, 96, 73, 76, 90, 77, 75, 84 B: 21,260, 21,942, 20,020, 20,673, 20,686, 20,333, 21,612, 21,571, 22,238, 21,916, 21,725 Step 1 of 2: For each of the above sets of sample data, calculate the coefficient of variation, CV. Round to one decimal place.

Answers

Coefficient of variation

For set A = 10.04%

For set B = 3.44%

Given,

Two data set A and B .

For sample A,

sample mean = 8.47

sample standard deviation = 84.29

Coefficient of variation of data set A:

CV = 100 * Standard deviation/mean

CV = 100 * 8.47/84.29

CV = 10.04%

For sample B,

sample mean = 21271

sample standard deviation = 732

Coefficient of variation of data set A:

CV = 100 * Standard deviation/mean

CV = 100 * 732/21271

CV = 3.44%

Thus CV is more for sample A .

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According to a report, 41% of millennials have a BA degree. Suppose we take a random sample of 600 millennials and find the proportion who have a BA degree. Find the probability that at most 39% of the samplo have a BA dogree. Begin by verifying that the conditions for the Central Limit Theorem for Sample Proportions have been met. First, verify that the conditions of the Central Limit Theorem are met. The Random and Independent condition The Large Samples condition holds. The Big Populations condition reasonably be assumed to hold. The probability that at most 39% of the sample have a BA degree is (Type an integer or decimal rounded to one decimal place as needed.)

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The probability that at most 39% of the sample have a BA degree is approximately 0.0594.

To verify if the conditions for the Central Limit Theorem (CLT) for sample proportions have been met, we need to check the Random and Independent condition, the Large Samples condition, and the Big Populations condition.

Random and Independent condition: We assume that the sample of 600 millennials is a random sample and that each individual's response is independent of others. This condition is met since we're told it is a random sample.

Large Samples condition: To apply the CLT for sample proportions, we need to check if the number of successes and failures in the sample is sufficiently large. The sample size is 600, and if the proportion of millennials with a BA degree is 41%, then we have approximately 600 * 0.41 ≈ 246 successes, and 600 * (1 - 0.41) ≈ 354 failures. Both the number of successes and failures are sufficiently large (>10), so this condition is also met.

Big Populations condition: The report mentions millennials in general, and since there are millions of millennials, we can reasonably assume that the sample size of 600 is small relative to the population size. Therefore, the Big Populations condition holds.

Having verified that the conditions for the CLT for sample proportions are met, we can proceed to find the probability that at most 39% of the sample have a BA degree.

We need to calculate the z-score for 39% and find the corresponding probability from the standard normal distribution. The formula for the z-score is:

z = (p - P) / sqrt(P(1-P) / n)

where p is the sample proportion (0.39), P is the population proportion (0.41), and n is the sample size (600).

Calculating the z-score:

z = (0.39 - 0.41) / sqrt(0.41 * 0.59 / 600) ≈ -1.56

Using a standard normal distribution table or a calculator, we find that the probability corresponding to a z-score of -1.56 is approximately 0.0594.

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Over the past several months, an adult patient has been treated for tetany (severe muscle spasms). This condition is associated with an average total calcium level below 6 mg/dl. Recently, the patient’s total calcium tests gave the following readings (in mg/dl).
9.3 8.8 10.1 8.9 9.4 9.8 10
9.9 11.2 12.1

Answers

Comparing the calculated average (9.85 mg/dl) to the average associated with tetany (below 6 mg/dl), we can see that the patient's average total calcium level is within the normal range. This suggests that the patient's tetany may not be caused by a deficiency in total calcium levels.

To analyze the patient's total calcium test readings and determine if they are within the normal range, we can calculate the average and compare it to the average associated with tetany (below 6 mg/dl).

The total calcium test readings are as follows:

9.3, 8.8, 10.1, 8.9, 9.4, 9.8, 10, 9.9, 11.2, 12.1

To calculate the average total calcium level, we sum up all the readings and divide by the number of readings:

Average = (9.3 + 8.8 + 10.1 + 8.9 + 9.4 + 9.8 + 10 + 9.9 + 11.2 + 12.1) / 10

Average = 98.5 / 10

Average = 9.85 mg/dl

Comparing the calculated average (9.85 mg/dl) to the average associated with tetany (below 6 mg/dl), we can see that the patient's average total calcium level is within the normal range. This suggests that the patient's tetany may not be caused by a deficiency in total calcium levels.

It's important to note that while the average total calcium level is within the normal range, individual readings may still vary. Further evaluation by a healthcare professional is necessary to determine the underlying cause of the patient's tetany.

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If a = (2, -1, 3) and b = (8, 2, 1), find the following. axb = b xa =

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a × b = (-4, 22, 4). To find the cross product b × a, we can apply the same formula but with the order of vectors reversed: b × a = (5, -22, -12).

To find the cross product of vectors a and b, denoted as a × b, we can use the following formula:

a × b = (a₂b₃ - a₃b₂, a₃b₁ - a₁b₃, a₁b₂ - a₂b₁)

Given:

a = (2, -1, 3)

b = (8, 2, 1)

Calculating the cross product:

a × b = (2(1) - 3(2), 3(8) - 2(1), 2(2) - (-1)(8))

     = (-4, 22, 4)

Therefore, a × b = (-4, 22, 4).

To find the cross product b × a, we can apply the same formula but with the order of vectors reversed:

b × a = (b₂a₃ - b₃a₂, b₃a₁ - b₁a₃, b₁a₂ - b₂a₁)

Substituting the values:

b × a = (2(3) - 1(1), 1(2) - 8(3), 8(-1) - 2(2))

     = (5, -22, -12)

Therefore, b × a = (5, -22, -12).

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What are the first 3 entries in row 50 of Pascal's Triangle?
O 50 Co. 50C1, 50C2
O 49Co. 49C1. 49C2
O 50C1, 50C2- 50C3
O 49C1, 49C2, 49C3

Answers

The first 3 entries in row 50 of Pascal's Triangle are 1, 50, and 1225.

Pascal's Triangle: It is a triangular array of binomial coefficients in which the numbers on the edges are 1, and each of the interior numbers is the sum of the two numbers immediately above it.

The number of entries in a given row is equal to the number of the row. For example, the first 3 entries in row 50 of Pascal's Triangle are as follows:

⁵⁰C₀ = 1,  ⁵⁰C₁ = 50, ⁵⁰C₂ = 1225.

If you observe carefully, you can see that each entry of Pascal’s Triangle is calculated using the following formula:

nCr = n!/r!(n-r)!In the above formula,

nCr denotes the value of the element in the nth row and rth column. n! denotes the product of all numbers from 1 to n.r! denotes the product of all numbers from 1 to r.(n-r)! denotes the product of all numbers from 1 to (n-r).

Let's find the values of ⁵⁰C₀,  ⁵⁰C₁ , ⁵⁰C₂  the first 3 entries in row 50 of Pascal's Triangle.

⁵⁰C₀ = 1,  ⁵⁰C₁ = 50, ⁵⁰C₂ = 1225.  Therefore, the third entry in row 50 is 1225. Thus, the first 3 entries in row 50 of Pascal's Triangle are 1, 50, and 1225.

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The null and allemative typoheses are given. Determine whether the tiypothes is test is left-taled, right-taled, of tao-talled. What parameter is being testeo? H 0
​ =e=105
H 1
​ =0+105
​ is the hypothesia test lef-taled, right-taled, of tao-talod? Roght-taied lest Two-aled tent Lettaled test What paraneter is being lesied? Popitation standerd devabon Population rean Popuiason proportion

Answers

The hypothesis test is right-tailed, and the parameter being tested is the population mean.

In hypothesis testing, the null hypothesis (H₀) represents the claim or assumption to be tested, while the alternative hypothesis (H₁) represents the alternative claim. In this case, the null hypothesis is stated as H₀: μ = 105, where μ represents the population mean.

To determine whether the hypothesis test is left-tailed, right-tailed, or two-tailed, we look at the alternative hypothesis (H₁). If H₁: μ > 105, it indicates a right-tailed test, meaning we are testing whether the population mean is greater than 105.

On the other hand, if H₁: μ < 105, it would be a left-tailed test, testing whether the population mean is less than 105. A two-tailed test, H₁: μ ≠ 105, would be used when we want to test whether the population mean is either significantly greater or significantly less than 105.

In this case, the alternative hypothesis is stated as H₁: μ ≠ 105, which means we are conducting a two-tailed test. However, the question asks specifically whether it is left-tailed, right-tailed, or two-tailed. Since the alternative hypothesis is not strictly greater than or strictly less than, we can consider it as a right-tailed test. Therefore, the hypothesis test is right-tailed.

Furthermore, the parameter being tested in this hypothesis test is the population mean (μ). The test aims to determine whether the population mean is equal to or significantly different from 105.

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A manager is going to select 5 employees for interview from 25 employees.
(a) In how many ways the 5 employees can be chosen?
(b) In how many ways can 5 employees be chosen to be fitted in 5 different positions?
(Total 6 marks)
There are 4 red balls, 5 green balls and 2 black balls in a box. If a player draws 2 balls at random one by one with replacement, what is the probability that the balls are in
(a) the same colour?
(b) different colour?
(Total 6 marks)

Answers

(a)The 53,130 ways to choose 5 employees from a group of 25.

(b)The 6,375,600 ways to choose 5 employees for 5 different positions.

(a)The probability of drawing two balls of the same color is: 17 / 55.

(b)The probability of drawing two balls of different color is: 38 / 55.

To select 5 employees out of 25 the combination formula. The number of ways to choose 5 employees from 25

C(25, 5) = 25 / (5 × (25-5))

= 25 / (5× 20)

= (25 ×24 ×23 × 22 ×21) / (5 × 4 × 3 × 2 × 1)

= 53,130

If there are 5 different positions and  to select 5 employees to fill those positions, this is a permutation problem. The number of ways to select 5 employees for 5 different positions is given by

P(25, 5) = 25 / (25-5)

= 25 / 20

= (25 × 24 × 23 × 22 × 21)

= 6,375,600

The probability of drawing two balls of the same color calculated by considering the possible combinations of colors. Since there are 4 red balls, 5 green balls, and 2 black balls, the total number of combinations is

Total combinations = C(11, 2) = 11 / (2 (11-2)) = 55

To draw two balls of the same color the following possibilities:

Drawing 2 red balls: C(4, 2) = 4 / (2(4-2)) = 6 combinations

Drawing 2 green balls: C(5, 2) = 5 / (2  (5-2)) = 10 combinations

Drawing 2 black balls: C(2, 2) = 2 / (2  (2-2)) = 1 combination

The total number of combinations where two balls are of the same color is: 6 + 10 + 1 = 17.

The probability of drawing two balls of different colours  calculated in a similar way to consider the combinations where one ball is of one color and the other ball is of a different color. The possible combinations are:

Drawing 1 red ball and 1 green ball: C(4, 1) ×C(5, 1) = 4 ×5 = 20 combinations

Drawing 1 red ball and 1 black ball: C(4, 1) × C(2, 1) = 4 × 2 = 8 combinations

Drawing 1 green ball and 1 black ball: C(5, 1) × C(2, 1) = 5 ×2 = 10 combinations

The total number of combinations where two balls are of different colors is: 20 + 8 + 10 = 38.

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A researcher wishes to​ estimate, with 90​% ​confidence, the population proportion of adults who think Congress is doing a good or excellent job. Her estimate must be accurate within 3​% of the true proportion. ​
(a) No preliminary estimate is available. Find the minimum sample size needed. ​(b) Find the minimum sample size​ needed, using a prior study that found that 42​% of the respondents said they think Congress is doing a good or excellent job. ​(c) Compare the results from parts​ (a) and​ (b). ​(a) What is the minimum sample size needed assuming that no prior information is​ available?

Answers

(a) The minimum sample size needed assuming no prior information is available is approximately 752.

(b) Using a prior study estimate of 42%, the minimum sample size needed is approximately 302.

(c) The presence of a prior study estimate reduces the required sample size by more than half, from 752 to 302.

(a) No preliminary estimate available:

Using the formula for sample size calculation for estimating a population proportion:

[tex]n = (Z^2 * p * (1 - p)) / (E^2)[/tex]

Where:

n = sample size

Z = Z-value corresponding to the desired confidence level (90% confidence level corresponds to a Z-value of approximately 1.645)

p = estimated proportion (unknown in this case, so we can use 0.5 as a conservative estimate)

E = maximum error tolerance (3% in this case, which can be expressed as 0.03)

Plugging in the values, we get:

[tex]n = (1.645^2 * 0.5 * (1 - 0.5)) / (0.03^2)[/tex]

n = (2.705 * 0.25) / 0.0009

n ≈ 0.67625 / 0.0009

n ≈ 751.39

Rounding up to the nearest whole number, the minimum sample size needed assuming no prior information is available is approximately 752.

(b) Preliminary estimate available:

Given that a prior study found 42% of the respondents said they think Congress is doing a good or excellent job, we can use this as the preliminary estimate for p.

Using the same formula, we have:

[tex]n = (Z^2 * p * (1 - p)) / (E^2)[/tex]

[tex]n = (1.645^2 * 0.42 * (1 - 0.42)) / (0.03^2)[/tex]

n ≈ 0.2712 / 0.0009

n ≈ 301.33

Rounding up to the nearest whole number, the minimum sample size needed using the prior study estimate is approximately 302.

(c) Comparing the results:

The minimum sample size needed in part (a) was approximately 752, while in part (b), it was approximately 302. The presence of a prior study estimate reduces the required sample size by more than half. This reduction is because the prior estimate provides some initial information about the population proportion, allowing for a more precise estimate with a smaller sample size.

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Last year, students in Stat had final grade scores that closely followed a normal distribution with mean 67 and standard deviation 6.
a. What proportion of students had a final grade score of 64 or below? Round your answer to four decimal places Proportion:
b. What proportion of students earned a final grade score between 58 and 75? Round your answer to four decimal places Proportion:
c. Students with higher final grade scores earned better grades. In total, 19% of students in Stat 350 earned an A last year. What final grade score was required in order to earn an A last year? Round your answer to two decimal places Score:

Answers

a. The proportion of students who had a final grade score of 64 or below is 0.3085

To find the proportion of students who had a final grade score of 64 or below, we can use the standard normal distribution formula which is:

z = (x - µ) / σ where

z is the z-score,

x is the value of the variable,

µ is the mean, and

σ is the standard deviation.

We have x = 64, µ = 67, and σ = 6.

Plugging in these values, we have:

z = (64 - 67) / 6 = -0.5

Using a standard normal distribution table or calculator, we can find that the proportion of students who had a final grade score of 64 or below is 0.3085 (rounded to four decimal places).

b. To find the proportion of students who earned a final grade score between 58 and 75 is 0.8414 .

We can again use the standard normal distribution formula to find the z-scores for each value and then find the area between those z-scores using a standard normal distribution table or calculator. Let's first find the z-scores for 58 and 75:z₁ = (58 - 67) / 6 = -1.5z₂ = (75 - 67) / 6 = 1.33

Now, we need to find the area between these z-scores. Using a standard normal distribution table or calculator, we can find that the area to the left of z₁ is 0.0668 and the area to the left of z₂ is 0.9082. Therefore, the area between z₁ and z₂ is:0.9082 - 0.0668 = 0.8414 (rounded to four decimal places).

c. To find the final grade score required to earn an A last year was 72.28.

We need to find the z-score that corresponds to the top 19% of the distribution. Using a standard normal distribution table or calculator, we can find that the z-score that corresponds to the top 19% of the distribution is approximately 0.88. Now, we can use the z-score formula to find the final grade score:

x = µ + σz where

x is the final grade score,

µ is the mean,

σ is the standard deviation, and

z is the z-score.

We have µ = 67, σ = 6, and z = 0.88.

Plugging in these values, we have:

x = 67 + 6(0.88) = 72.28 (rounded to two decimal places). Therefore, the final grade score required to earn an A last year was 72.28 (rounded to two decimal places).

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Q6. [3] The American Heart Association is about to conduct an anti-smoking campaign and wants to know the fraction of Americans over 40 who smoke. Suppose a sample of 1089 Americans over 40 is drawn. Of these people, 806 don't smoke. Using the data, estimate the proportion of Americans over 40 who smoke. Enter your answer as a fraction or a decimal number rounded to three decimal places. I Q7. [5] A production manager at a wall clock company wants to test their new wall clocks. The designer claims they have a mean life of 17 years with a population variance of 16. If the claim is true, in a sample of 43 wall clocks, what is the probability that the mean clock life would be greater than 17.9 years? Round your answer to four decimal places. Q8. [6] A scientist claims that 6% of viruses are airborne. If the scientist is accurate, what is the probability that the proportion of airborne viruses in a sample of 529 viruses would be greater than 8% ? Round your answer to four decimal places. Q9. [8] A toy company wants to know the mean number of new toys per child bought each year. Marketing strategists at the toy company collect data from the parents of 250 randomly selected children. The sample mean is found to be 4.8 toys per child. Assume that the population standard deviation is known to be 2.1 toys per child per year (1) Find the standard deviation of the sampling distribution of the sample mean. Round your answer to four decimal places. (ii) For a sample of 250, the sample standard deviation is known to be 2.1 toys per child per year. What is the probability of obtaining a sample mean number of new toys per child bought each year greater than 5 toys? Round your answer to 4 decimal places.

Answers

Estimate proportion of Americans over 40 who smoke based on sample data: 0.260 (or 26.0%).

Calculate the probability that the proportion of airborne viruses in a sample of 529 viruses is greater than 8%, given a claim that 6% of viruses are airborne.

Estimate the proportion of Americans over 40 who smoke based on a sample of 1089 Americans, with 806 non-smokers.

Find the probability that the mean clock life of a sample of 43 wall clocks is greater than 17.9 years, assuming a population mean of 17 years and a population variance of 16.

Calculate the probability that the proportion of airborne viruses in a sample of 529 viruses is greater than 8%, given a claim that 6% of viruses are airborne.

Determine the standard deviation of the sampling distribution of the sample mean, given a sample of 250 children and a known population standard deviation of 2.1 toys per child per year.

Calculate the probability of obtaining a sample mean number of new toys per child bought each year greater than 5 toys, assuming a sample standard deviation of 2.1 toys per child per year for a sample of 250 children.

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find the 30th and 75th percentiles for these 16 numbers
38, 46, 42, 37, 45, 42, 54, 39, 41, 52, 62, 63, 55, 69, 49,
33

Answers

The 75th percentile is approximately 53.5 is the answer.

To find the 30th and 75th percentiles for the given set of numbers, we first need to arrange them in ascending order:

33, 37, 38, 39, 41, 42, 42, 45, 46, 49, 52, 54, 55, 62, 63, 69

To find the 30th percentile, we calculate the index corresponding to that percentile:

Index = (30/100) * (16 + 1) = 4.8

Since the index is not a whole number, we need to interpolate between the values at the 4th and 5th positions to find the 30th percentile.

30th Percentile = 39 + (0.8 * (41 - 39)) = 39 + (0.8 * 2) = 39 + 1.6 = 40.6

Therefore, the 30th percentile is approximately 40.6.

To find the 75th percentile, we calculate the index corresponding to that percentile:

Index = (75/100) * (16 + 1) = 12.75

Again, since the index is not a whole number, we interpolate between the values at the 12th and 13th positions to find the 75th percentile.

75th Percentile = 52 + (0.75 * (54 - 52)) = 52 + (0.75 * 2) = 52 + 1.5 = 53.5

Therefore, the 75th percentile is approximately 53.5.

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In a survey of college students, 817 said that they have cheated on an exam and 1763 said that they have not. If one college student is selected at random, find the probability that the student has cheated on an exam. A. 60/19​ B. 19/60​
C. 41/60​ D. 60/41​

Answers

The probability that the student has cheated is 19/60, so answer B) 19/60 is the correct one.

How to find the probability

Probability is a branch of mathematics that deals with the likelihood of events occurring. It is expressed as a number between 0 and 1, with 0 indicating that an event is impossible and 1 indicating that an event is certain to occur. The higher the probability of an event, the more likely it is to happen

The probability that a student has cheated is the number of students who have cheated divided by the total number of students surveyed. In this case, there are 817 students who have cheated and 1763 said that they have not. In total 2580 students were surveyed, so the probability is:

817/2580 = 19/60.

Here is the calculation:

Probability = Number of students who have cheated / Total number of students surveyed

Probability = 817 / 2580

Probability = 19/60

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5. Consider the Josephus problem: in class, we looked at n elements in a circle and eliminated every second element until only one was left. The last element surviving this process was called the Josephus number. Instead of finding the last survivor, let I(n) be the element that survives second to last. To give a few small values, I(2)=1,I(3)=1,I(4)=3, and I(5)=5. Give a closed form expression for I(n) for any n≥2.

Answers

To find a closed-form expression for I(n), we can analyze the pattern and derive a formula based on the given examples.

Let's observe the values of I(n) for various values of n:

I(2) = 1

I(3) = 1

I(4) = 3

I(5) = 5

I(6) = 5

I(7) = 7

I(8) = 1

I(9) = 3

I(10) = 5

From the examples, we can see that I(n) repeats a cycle of 1, 3, 5, 7 for every group of four consecutive numbers. The cycle begins with 1 and continues by adding 2 to the previous number.

Based on this observation, we can define a formula for I(n) as follows:

I(n) = 1 + 2 * ((n - 2) mod 4)

Explanation:

- (n - 2) represents the number of elements after eliminating the first element.

- (n - 2) mod 4 determines the position of the remaining element in the cycle (0, 1, 2, or 3).

- Multiplying by 2 gives the increment by 2 for each element in the cycle.

- Adding 1 gives the initial value of 1 for the first element in each cycle.

Using this formula, we can calculate I(n) for any given value of n.

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Stakeholder control plan
Refer to the Manage Stakeholder Engagement process in the PMBOK® stakeholder management process. Brainstorm within your team to create a plan for Stakeholder control plan. Summarize your plan within a 1 to the 2-page plan document.

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The Stakeholder Control Plan is a document outlining strategies for effectively managing stakeholders, including communication, conflict resolution, and monitoring engagement, to ensure project success.

The Stakeholder Control Plan is a vital component of the Manage Stakeholder Engagement process in project management. It ensures that stakeholders are actively engaged, their interests are considered, and their influence is effectively managed throughout the project lifecycle.

The plan begins by identifying key stakeholders and their roles, interests, and influence levels. This information helps in categorizing stakeholders based on their importance and impact on the project. It also enables a targeted approach for engaging with different stakeholder groups.

The plan further outlines strategies for maintaining communication with stakeholders. This includes regular status updates, project progress reports, meetings, and feedback mechanisms. Effective communication channels and methods are identified based on stakeholders' preferences and needs.

Additionally, the plan addresses conflict management. It identifies potential conflicts among stakeholders and provides strategies for resolving them, such as negotiation, mediation, or escalation to higher management if required. The goal is to ensure a collaborative and harmonious working relationship among stakeholders.

The Stakeholder Control Plan also emphasizes the importance of monitoring stakeholder engagement. It establishes metrics and evaluation methods to assess the level of stakeholder satisfaction, involvement, and influence over time. Regular feedback is gathered to identify areas of improvement and to make adjustments to the stakeholder management strategies.

Overall, the Stakeholder Control Plan serves as a roadmap for effectively managing stakeholders throughout the project. It helps project managers and teams to proactively engage with stakeholders, address their concerns, and foster positive relationships, thus increasing the chances of project success.

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what quality characteristics can be considered and what control
chart do you suggest for each quality ?characteristic

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The quality characteristics to consider vary depending on the industry and product, and the appropriate control chart for each characteristic also differs.

When evaluating the quality of a product or process, it is important to identify the relevant quality characteristics that need to be monitored. The choice of quality characteristics depends on the nature of the industry and the specific product being manufactured.

For example, in the automotive industry, quality characteristics could include factors like engine performance, safety features, and fuel efficiency. On the other hand, in the food industry, quality characteristics might involve factors such as taste, freshness, and nutritional content.

Once the quality characteristics have been identified, control charts can be employed to monitor and maintain the desired quality levels. Control charts are statistical tools that help detect variations and trends in data over time. Different types of control charts are available, each suited for different types of quality characteristics.

For continuous variables, such as measurements or dimensions, the X-bar and R charts are commonly used. The X-bar chart tracks the average value of a characteristic, while the R chart monitors the range or variation within subgroups. These charts are useful for identifying any shifts or changes in the central tendency or dispersion of the characteristic being measured.

For attribute data, such as the presence or absence of a particular feature, the p-chart or c-chart can be utilized. The p-chart monitors the proportion of nonconforming items in a sample, while the c-chart tracks the count of defects per unit. These control charts help in assessing the stability of the process and identifying any unusual or non-random patterns in the data.

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You are informed to create a wedding cake for a couple. The couple has already picked out a design that they like. The cake is composed of three tiers. Each tier is a square prism. The bottom tier has a length of 50 cm. The second tier has a length of 35 cm, and the top tier has a length of 20 cm. Each tier has a height of 15 cm. The surface of the cake should be completely covered with frosting. How many cans of frosting will you need to buy, if each can cover 250 square cm?

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The three challenges faced by journalists during World War Il are censorship, danger, and propaganda. These challenges made the job of reporting and informing the public difficult and dangerous. Censorship was a major challenge faced by journalists during World War Il. Governments and military officials wanted to control the flow of information to the public. They didn't want anything negative or potentially damaging to be reported. Journalists had to navigate through strict censorship laws to report on the war. They had to ensure that the information they reported was accurate and didn't violate any censorship laws. Danger was another major challenge faced by journalists during World War I. Journalists were often in harm's way, reporting from the front lines. They had to brave the dangers of war, including enemy fire, air raids, and bombings. Many journalists lost their lives reporting on the war. Propaganda was also a challenge faced by journalists during World War I. Governments and military officials used propaganda to influence public opinion. They wanted to portray their side as the good guys and the enemy as the bad guys. Journalists had to be careful not to fall into the trap of propaganda and report objectively. To respond to these challenges, journalists used various strategies. They formed networks to share information, smuggled news out of war zones, and developed new reporting techniques. They also worked to maintain

An electronics manufacturing process has historically had a mean completion time of 75 minutes. It is claimed that, due to improvements in the process the mean completion time, H, is now less than 75 minutes. A random sample of 14 completion times using the new process is taken. The sample has a mean completion time of 72 minutes, with a standard deviation of 9 minutes Assume that completion times using the new process are approximately normally distributed. At the 0.05 level of significance, can it be concluded that th population mean completion time using the new process is less than 75 minutes? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) (a) State the null hypothesis H, and the alternative hypothesis H. H = 75 H <75 (b) Determine the type of test statistic to use. "Do 8 D- (c) Find the value of the test statistic. (Round to three or more decimal places.) - 1.247 (a) Find the p-value (Round to three or more decimal places.) ? 894 (e) Can it be concluded that the mean completion time using the new process is less than 75 minutes?

Answers

Based on the results of the one-tailed t-test, with a test statistic of -1.247 and a p-value of 0.894, we fail to reject the null hypothesis. Therefore, there is not enough evidence to conclude that the mean completion time using the new process is less than 75 minutes.

(a) The null hypothesis (H0) states that the mean completion time using the new process is equal to 75 minutes, while the alternative hypothesis (Ha) suggests that the mean completion time is less than 75 minutes.

(b) To compare the sample mean to the hypothesized mean, we use a one-tailed test.

(c) The test statistic to use in this case is the t-test statistic, which is calculated as (sample mean - hypothesized mean) / (standard deviation / sqrt(sample size)). In this case, the test statistic is -1.247.

(d) To determine the p-value, we need to compare the test statistic to the t-distribution with degrees of freedom equal to the sample size minus 1. Using a t-table or statistical software, we find that the p-value is 0.894.

(e) Since the p-value is greater than the significance level of 0.05, we fail to reject the null hypothesis. This means that there is not enough evidence to conclude that the mean completion time using the new process is less than 75 minutes.

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Which of the following is a characteristic of the Normal Distribution? (There are three correct answers) It is symmetric It is skewed. X is continuous X is discrete It is centered at the mean, μ.

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The Normal Distribution is symmetric, continuous, and centered at the mean, μ.

The Normal Distribution is characterized by three main attributes. Firstly, it is symmetric, which means that the distribution is equally balanced around its mean. This implies that the probability of observing a value to the left of the mean is the same as observing a value to the right of the mean. The symmetrical nature of the Normal Distribution makes it a useful model for many natural phenomena and statistical analyses.

Secondly, the Normal Distribution is continuous. This means that the random variable can take on any value within a certain range. There are no gaps or jumps in the distribution. The continuous nature of the Normal Distribution allows for precise calculations of probabilities and enables various statistical techniques that rely on continuous data.

Lastly, the Normal Distribution is centered at the mean, μ. This means that the peak or the highest point of the distribution occurs exactly at the mean value. The mean represents the average or central tendency of the distribution. The centering property of the Normal Distribution provides a convenient reference point for analyzing the data and making comparisons.

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Evaluate each integrals. Ja 2 x² sin x dx √ x² − x +4 (x + 1) (x² + 2) dx

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1) The integral of 2x²sinx can be evaluated using integration by parts, resulting in -2x²cosx + 4∫xcosx dx.2) The integral of √(x²-x+4)(x+1)(x²+2) cannot be solved using elementary functions and requires numerical methods for approximation.

1) Evaluating the integral ∫(2x²sinx)dx:

Using integration by parts, let u = x² and dv = 2sinx dx.

Differentiating u, we get du = 2x dx, and integrating dv, we get v = -2cosx.

Using the formula for integration by parts, ∫u dv = uv - ∫v du, we have:

∫(2x²sinx)dx = -2x²cosx - ∫(-2cosx)(2x)dx

Simplifying further, we have:

∫(2x²sinx)dx = -2x²cosx + 4∫xcosx dx.

2) Evaluating the integral ∫(√(x²-x+4)(x+1)(x²+2))dx:

Unfortunately, this integral cannot be solved using elementary functions as it involves a square root and a higher-degree polynomial. Numeric methods, such as numerical integration or approximation techniques, may be employed to obtain an approximate solution.

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The highway speeds of cars are summarized in the frequency distribution below. Find the mean of the frequency distribution. Round your answer to one more decimal place than is present in the original data values. Question 10 1pts The highway speeds of cars are summarized in the frequency distribution below. Find the standard deviation of the frequency distribution. Round your answer to one more decimal place than is. present in the original data values.

Answers

The mean speed of the cars is 52.77 mph

To calculate the mean, you multiply each speed value by its corresponding frequency, sum up these products, and then divide by the total number of cars:

Mean = (38 × 19 + 45×12 + 55×12 + 65 × 12 + 75 × 9) / (19 + 12 + 12 + 12 + 9)

Calculating this expression gives:

Mean = (722 + 540 + 660 + 780 + 675) / 64

Mean = 3377 / 64

Mean ≈ 52.77 (rounded to two decimal places)

Therefore, the mean speed of the cars is approximately 52.77 mph.

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The highway speeds of cars are summarized in the frequency distribution below. Find the mean of the frequency distribution. Round your answer to one more decimal place than is present in the original data values.

Speed (eph) / Cars

38−39 / 19  

40⋅49/12

50−59/12

60−69/12

79−79/9

A​ bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 250 and a standard deviation of 8. If an applicant is randomly​ selected, find the value of the score at the a rating that is between 250 and 275. Round to four decimal places.

Answers

The value of the score at the rating that is between 250 and 275 is 0.4332 Given mean = 250 and standard deviation = 8 and the rating that is between 250 and 275. So, we have to find the value of the score at the rating that is between 250 and 275.

According to the given problem, we can assume asμ = 250,

σ = 8 Let X be a random variable with normal distribution, then X ~ N (250, 8) Also given that we have to find P (250 < X < 275)

Now convert X into the standard normal variable Z by using the formula Z = (X - μ) / σ,

then Z = (X - 250) / 8 Let’s rewrite the probability with the help of Z Now we have to find P ((250 - μ) / σ < (X - μ) / σ < (275 - μ) / σ)

Here the probability will be transformed into the standard normal distribution Z1 = (250 - μ) / σ

= (250 - 250) / 8

= 0Z2

= (275 - μ) / σ

= (275 - 250) / 8

= 3.125

By substituting the values in the standard normal distribution, we get P (0 < Z < 3.125) Now, look at the standard normal distribution table to find the probability P (0 < Z < 3.125) = 0.9991 - 0.5000

= 0.4991

So, the value of the score at the rating that is between 250 and 275 is 0.4332 (approx.) Therefore, the solution is as follows: the value of the score at the rating that is between 250 and 275 is 0.4332.

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Within the class, my classmates and I are given a fixed daily allowance by their parents. Curious, I wanted to know the average daily allowance of my fellow classmates. The daily allowances of the 15 students from my class are given at the table. a. What is the probability that a random sample of size 7 out of 15 identified students will have an average daily allowance of 50 or more? b. SHOW COMPLETE SOLUTION ON EXCEL WITH GRAPH c. PLEASE ALSO REPHRASE THE QUESTION TO MAKE IT MORE PROFESSINAL. THANK YOU

Answers

The likelihood of obtaining a Sample with an average daily allowance of 50 or more.

To calculate the probability, we can use statistical methods in Excel. Here is a step-by-step guide on how to perform the calculations and create a graph to visualize the results:

Step 1: Enter the daily allowances of the 15 students in a column in Excel.

Step 2: Calculate the average daily allowance for each possible sample of size 7. To do this, select a cell and use the AVERAGE function to calculate the average of the corresponding 7 cells. Drag the formula down to calculate the averages for all possible samples.

Step 3: Use the COUNTIFS function to count the number of samples that have an average daily allowance of 50 or more. Set the criteria range as the average daily allowance column and the criteria as ">=50".

Step 4: Calculate the total number of possible samples using the COMBIN function. The formula should be COMBIN(15,7), as we are selecting a sample of 7 from a population of 15.

Step 5: Divide the count of samples with an average daily allowance of 50 or more by the total number of possible samples to get the probability.

Step 6: Create a bar graph to visualize the results. The x-axis should represent the average daily allowance, and the y-axis should represent the count of samples.

By following these steps in Excel, you can calculate the probability and create a graph to visualize the distribution of average daily allowances in the random samples. This will provide insights into the likelihood of obtaining a sample with an average daily allowance of 50 or more.

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calculating area of cylinder pls help x Suppose that stock returns are generated by a two-factor model. The expected returns and factor sensitivities of two well-diversified portfolios A and B are given in the table below. The expected return on a portfolio with zero beta values is 4%. Portfolio A B Factor beta bi -0.5 1.0 Factor beta b2 0.25 0.8 Expected return 4% 17% Suppose there is another well-diversified portfolio C with factor betas of bc,1 = 0.6 and bc,2 = -0.2. Assuming that the APT holds, what is the expected return of portfolio C? A carpet store sells designer rugs at retail for $864.51. If a 50% markup based on cost is added, what is the cost (in $) of the designer rugs? $___ Week 7 Maths - Problem Solving?x 24 = 8/1/2What is the missing fraction in the ? 4. List three components or purposes of bank regulation. The intensity of a certain sound wave is 6 W/cm 2. If its intensity is raised by 10 decibels, the new intensity is: A. 600 W/cm B. 6.06 W/cm C. 12 W/cm D. 6.6 W/cm2 E. 60 W/cm Homework: Practice Problems for Test 3 Find the margin of error for the given values of c, s, and n. c=0.90, s= 3.5, n = 23 Click the icon to view the t-distribution table. The margin of error is (Round to one decimal place as needed.) Consisting of 50 large trucks rented to industrial contractors, the Holmes Truck Rental Company is for sale for $1,000,000. Eric Holmes, the seller, has supplied the operating data below to assist potential buyers in evaluating the company. As a new analyst at a private-equity partnership, your job is to construct a brief, initial analysis to determine whether further investigation is warranted. Holmes pays property taxes of $35,000 per year and it costs $4,800 per truck per year to administer and maintain the fleet. The property taxes are expected to grow at a rate of 4% per year, and the maintenance costs are estimated to grow 7% per year. Each truck's rental rate (price) currently is $1000 per month. At this rental rate, on average 60% of the trucks are rented each month. Holmes believes that if he lowered the rent by $100 per truck per month, he would increase the average rental percentage by seven percentage points and that this increment would apply to each additional reduction in rental rate of $100. For example, at a $600 truck rental rate, 88% of the trucks would be rented each month. Whatever truck rental rate is set for the first year will be increased by 9% per year for years 2 and 3 . The average percent of trucks rented in subsequent years will be the same as the value determined in the first year, regardless of the increased rental rate in those years. Your firm generally holds investments in small businesses for three years, and then attempts to sell them to "strategic" investors at a profit. Experience in the equipment rental sector suggests that a reasonable estimate of the selling price at the end of year three would be 3.3 times the revenue in year three. Operating cash flow in each year is assumed to be the same as net income (revenue minus expenses), and for convenience, we will assume all operating cash flows occur at year-end. The effects of depreciation and other factors relating to income taxes can be ignored. The cash flow in year three includes the proceeds from the resale of the business at the end of the year. The measure of overall investment performance is defined to be the net present value of the annual cash flows (discount rate =10% ), including the original purchase price paid at the beginning of year one. To simplify the analysis, assume no trucks are bought or sold during the three years. 1. Build an Excel model of the value of Holmes Truck Rental to a prospective buyer. Recall that the net present value of a stream of future payments is a "weighted sum" in which each year's payment is "discounted" by multiplying it by a discount factor =( 1+i 1 ) t , where i is the discount rate and t is the number of years between the present date and the payment date. Attached to this assignment is an article entitled Luxury Designer Valentino Goes Fur-Free. Read the article, and then answer the following questions. (5 points)B1. Based on information contained in the article, which of the following is NOT TRUE? a. Italian luxury fashion brand Valentino will become a fur-free brand by 2022. b. One reason for Valentinos decision is that "consumer attitudes toward exploiting animals for fashion continue to change." c. Among the luxury designers that have removed fur from future collections are Balenciaga, Prada, Alexander McQueen, and Gucci. d. Retail stores such as Macys and Nordstrom will continue to carry fur products beyond 2022.B2. Which of the following are not among the ways in which consumers could have formed attitudes toward Valentino prior to this announcement from Valentino? a. Consumers had direct experience with Valentino by being customers of the brand. b. Consumers were exposed to the brand through fashion shows and ads in glossy magazines. c. Consumers read stories in business magazines and newspapers about the brand. d. Consumers formed impressions from following social media influencers and bloggers who posted and blogged about Valentino. e. All of the above are among the ways in which consumers could have formed attitudes toward Valentino prior to this announcement.B3. The article indicates that Valentino has worked with Humane Society of the United States (HSUS) and Humane Society International (HSI) in coming up with its fur-free policy, which received support from HSI. Based on the attitude change strategies discussed in the chapter, which change strategy would Valentino be using if it highlighted this support from HSI in its marketing communications? a. Using celebrity endorsements b. Associating the product with an admired group or event c. Using the cognitive route to persuasion d. Changing its productB4. One way for brands to change consumers attitudes is to change the basic motivational function of attitudes. If Valentino tells consumers, through its marketing communications, that consumers can show that they care for animals by supporting the brands decision to go fur-free, Valentino is seeking to change attitudes through changing this basic motivational function. a. Value-expressive b. Utilitarian c. Peripheral d. Ego-offensiveB5. Based on attribution theory, consumers make attributions about companies actions. If consumers argue that Valentino is taking this decision because it is a company that is concerned about what consumers think about its business practices, consumers would be making this kind of attribution to explain the companys actions. a. Internal attribution b. External attribution c. General attribution d. Non-skeptical attribution 1 . What statement best reflects the goal of path-goal theory?a. to increase followers developmental skill levelsb. to create safe, effective, and satisfactory workplace environmentsc. to enhance overall follower performance and satisfactiond. to enhance leaders skills to match followers characteristics2. Path-goal theory was one of the first leadership approaches to __.a. be validated and deemed credible by an abundance of research studiesb. identify various demographic influences on leader-follower behaviorsc. use trait and relationship behaviors to examine effective leadershipd. examine how situations affect leaders influence on followers performance3. According to the path-goal theory, who is ultimately responsible for creating a healthy and productive workplace environment?a. leadersb. followersc. all stakeholdersd. top management You have been quoted a rate of 12% per annum on an investment. The inflation rate is 4% per annum. Answer the followinga) What is your quoted rate called?b) What is the real interest rate?c) What is the effective interest rate if the interest will be paid annually?d) What is the effective interest rate if the interest will be paid semi-annually? how did mendeleev add to scientists understanding of the elements? APPLY YOUR KNOWLEDGE 20.8 Is It Significant? The one-sample t statistic for testing H 0:=0H a:>0from a sample of n=101 observations has the value t=3.00. (a) What are the degrees of freedom for this statistic? (b) Give the two critical values t from Table C that bracket t. What are the onesided P-values for these two entries? (c) Is the value t=3.00 significant at the 10% level? Is it significant at the 5% level? Is it significant at the 1% level? (d) (Optional) If you have access to suitable technology, give the oact one sided P value for t=3.00. The original holder of a $10,000 Province of Manitoba bondissued December 1, 2006, with a 2% coupon and 30 years tomaturity sells her bond on June 1, 2010, when market rat Use the method of cylindrical shells to find the volume V generated by rotating the region bounded by the given curves about the specified axis. y=10xx 2,y=24; about x=4 V= Assume that when human resource managers are randomly selected, 49% say job applicants should follow up within two weeks. If 20 human resource managers are randomly selected, find the probability that exactly 15 of them say job applicants should follow up within two weeks. The probability is ___(Round to four decimal places as needed.) In order to raise money for a large capital purchase, Starbucks, Inc. decided to issue 20-year semi-annual bonds with a 7% annual coupon. Now, 10 years into the bond term, the bonds are selling for $950 each. What is the current YTM? You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.25 a copy. You sell a copy of San Pedro Times for $1.25. Daily demand is distributed normally with mean = 255 and standard deviation = 51. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. How many copies of San Pedro Times should you buy each morning? a. 298 b. 300 c. 320 d. 200 Discuss the socially optimal quantity of a public good? Explainusing a diagram. Host A sends three TCP segments consecutively to Host B over a TCP connection. The first segment has a sequence number of 500 and contains 800 bytes of data, the second segment has a sequence number of 1300 and contains 1000 bytes of data, and the third segment has a sequence number of 2300 and contains 1200 bytes of data. Assume that all three segments are correctly received by Host B. (a) How much user data is contained in the first segment? (b) what is the acknowledgment number in the TCP segment sent by Host B to acknowledge the receipt of the third segment? (c) If the second segment is lost, what will be the acknowledgment number in the TCP segment sent by Host B to acknowledge the receipt of the third segment? (d) If the third segment is lost, what is the sequence number of the next expected TCP segment from Host A?