We are asked (ideally) to use Crystal Ball (CB), an Excel add-in, or Excel itself to do this inventory problem. CB would be ideal, but we can use just plain-old Excel if it can do what needs to be done. I see this as a simulation or maybe optimization problem, but not sure how to tackle it. Given historical data on deman
It is known that the IQ scores of workers in a certain company are normally distributed with a standard deviation of ten. If 0.13% of the workers have IQ's in excess of 130 calculate the mean IQ.
According to the census, the average age of men marrying for the first time is 24 years. Assume ages of men are normally distributed with a standard deviation of three years. A) What is the probability that a man being married for the first time is older than 26 years? B) Before what age do 95% of men who marry for the first t
Foreign service employees receive housing allowances when posted abroad. These allowances average $30000 annually. Assume that a normal distribution applies and the standard deviation is $5000. A) What is the probability that a diplomat will receive a housing allowance exceeding $35000? B) What is the probability that a diplom
Normal (z) Distributions- In grading Oranges into "A","B" and "C", a large orchard uses weights to distinguish Oranges. If the day's pick shows 16.6% are grade "A" and 6.68% are grade "C", determine the Mean and Standard Deviation.
In grading Oranges into "A","B" and "C", a large orchard uses weights to distinguish Oranges. Any Orange weighing more than 2 ounces is classified as grade "A", while an Orange weighing less than 0.75 ounces is classified as grade "C". If the day's pick shows 16.6% are grade "A" and 6.68% are grade "C", determine the Mean and St
Using the Anderson-Darling test for Normality it has been determined that three sets of data "RelHum" (Relative Humidity), "Rain" (Average Rainfall), and "SO2Pot", (SO2 Pollution Potential) all FAIL the test even following log and square root transformation. How do I reject data points in order to make these data sets normal
Consider an acceptance-sampling scheme in which a factory takes delivery of a batch of components if a random sample of 400 components contains fewer than M defectives. Otherwise the batch is returned tot he supplier. Suppose the factory manager wants to set M so that there is no more than a 10% risk of accepting a batch that
Assume that X follows normal distribution N(12,4), find a such that P(X>a)=0.5
7) suppose the average weight of an item labeled 16 ounces actually has mean 17 ounces and variance 4 (ounce^2). What is the approximate probability that the combined weight of 25 items exceeds 445 ounces? What theorem is useful in answering this question?
A very large number of fish are swimming in a lake. Their weights are normally distributed with mean 1.30kg and a standard deviation 0.40kg. Fish caught with weights less than 0.5kg have to be thrown back. a) If an angler catches a randomly selected fish, what is the probability that the fish has to be thrown back? b) find
A university professor keeps records of his travel time while he is driving between his home and the university. Over a long period of time he has found that his morning travel times are approx Normally distributed with a mean of 31 minutes and a standard deviation of 3.0 minutes;his return journey in the evening is similarly d
Tim has two more problems to solve on his test, but he doesn't know how long it will take to finish them. He assigns mutually irrelevant normal distributions to the times, assigning a mean of 35 minutes to the first problem and 30 minutes to the second problem. He assigns a 95% chance that the first problem will take 35+-15 minu
True or false: It is not possible for the score in a distribution, not necessarily normal, which ranks as the 90th percentile to also be the mode for the distribution.
In a production run of 40 of a particular model of radiation detector, there are four which have defective circuits. If a sample of three of these is chosen without replacement, what is the probability that all three will be defective?
True or false: When the variable is normally distributed, the sample size is less than 30, and the population standard deviation is known, then the t distribution must be used to find confidence intervals for the mean.
True or false: There is a probability a that a z score will have a value between -za/2 and za/2.
VISA reported with 95% confidence that 19% of those surveyed used checks to pay for purchases. If 1478 people participated in the survey, what was the percentage of error?
A tornado has blown through a section of Collinsville. The insurance adjuster wants to estimate the average claim to within $500. If the standard deviation is believed to be $1600 and the company wants to be 99% sure of their figures, how large a sample must be taken?
True or false: A retailer wants to estimate with 99% confidence the number of people who buy at his store. A previous study showed that 15% of those interviewed had shopped at his store. He wishes to be accurate within 3% of the true proportion. The minimum sample size necessary would be 940.
True or false: The value for a chi square right for a 95% confidence interval when n = 16 is 27.488.
If IQ scores on a Stanford-Binet Test are normally distributed with a mean of 100 and a standard deviation of 15, then about how many people in a randomly chosen million would be expected to score at 160 or above? (This was at one time the break off score for the "genius" designation.) a) 47 b) 32 c) 16
Multiple Choice question about finding the mean from a normal distribution given standard deviation.
In a given normal distribution, the standard deviation is 14.4 and 8.27% of the distribution lies to the left of 60. What is the mean? a) 80 b) 40 c) 63 d) 72 e) None of the above
True or false: The area under the normal distribution curve between z = 1.52 and z = 2.35 would be 0.0549.
#2 If you are grading the class according to your z score in a normal distribution. would you rather have a score of 70 in class A where the mean is 55 and the standard deviation is 10, or a score of 80 in class B where the mean is 60 and standard deviation is 15? What would the percentile rank be in class A and B and what does
Here is a simple probability model for multiple-choice tests. Suppose that each student has probability p of correctly answering a question chosen at random from a universe of possible questions. (A strong student has a higher p than a weak student.) Answers to different questions are independant. Jodi is a good student for whom
Donna and Sherman Terrel are preparing a budget for 2003. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna estimates her salary will be about $36,000 in 2003; Sherman expects to work onl
Find the percent of the area between the mean and 1.64 deviations from the mean.
An airline company knows that over the long run, only 90% of passengers who reserve seats show up for their flight. On a flight with 300 seats, the airline accepts 324 reservations. Assume the passengers show up independently. 1. Give the upper bound on the probability that the flight will be overbooked (more than 300 peop
Find the area under the normal curve for the condition. Find the percent of the area between the mean and 3.01 deviations from the mean.
According to a well-known newspaper journal, 58.3% of the 222,900 households in a particular county get the Sunday edition of the local newspaper. Suppose that random samples of 200 households are selected. In what proportion of the samples will between 55% and 60% of the households get the Sunday edition of the newspaper?