(17) A recent study following attrition rates at a major university has shown that 43% of all incoming freshmen do not graduate within 4 years of entrance. If 200 freshmen are randomly sampled this year and their progress is followed, what is the probability that 100 or less will not graduate within the next 4 years. Verify that
Daily output of Marathon's Garyville, Lousiana, refinery is normally distributed with a mean of 232,000 barrels of crude oil per day with a standard deviation of 7,000 barrels.
Daily output of Marathon's Garyville, Lousiana, refinery is normally distributed with a mean of 232,000 barrels of crude oil per day with a standard deviation of 7,000 barrels. (a) What is the probability of producing at least 232,000 barrels? (b) Between 232,000 and 239,000 barrels? (c) Less than 239,000 barrels? (d) Less than
Discuss why you would or would not expect each of the following variables to be normally distributed. Hint:Would you expect a single central mode and tapering tails? Would the distribution be roughly symmetric? Would one tail be longer than the other? a. Shoe size of adult males. b. Years of education of 30-year-old employed
Please annotate steps when solving the attached problems. I would like to use them as a reference. Thanks The mean of a normal distribution is 400 pounds. The standard deviation is 10 pounds. a. What is the area between 415 pounds and the mean of 400 pounds? b. What is the area between the mean and 395 pounds? c. Wha
A population distribution is normal with a mean of 25 and a standard deviation of 5. If a piece of datum is randomly taken from this distribution, what is the probability that it is less than 20? If a sample of 4 pieces of data are taken from this distribution, what is the probability that the mean will be less than 20?
I have been given the task to study a group of students that are completing their BA degree in psychology. The main purpose of the study is to find out their level of satisfaction and to identify the most helpful areas provided by the program. Based upon this information formulate: Formulate hypothesis for this problem. I
Some IQ scores are standardized with a mean of 100 and a standard deviation of 16. Using the 68-95-99.7 Rule, Determine: a. In what interval you would expect the middle 95% of the IQ scores to be found. b. What percent of people would have an IQ score above 116. c. What percent of people would have an IQ score 68 and 84.
A tire manufacturer believes that the tread life of its snow tires can be described as a normal distribution with a mean of 32,000 miles and a standard deviation of 2500 miles. a. If you buy a set of these tires, would it be reasonable to expect they will last 40,000 miles? What do you base your decision on? b. What perce
Please help with the following question. Provide step by step calculations. Assume that the number of calories in a McDonald's Egg McMuffin is a normally distributed random variable with a mean of 290 calories and a standard deviation of 14 calories. (a) What is the probability that a particular serving contains fewer than 3
The diameters of oranges in a certain orchard are normally distributed with a mean of 5.26 inches and a standard deviation of 0.50 inches. a. What percentage of the oranges in this orchard have diameters less than 4.5 inches? b. What percentage of the oranges in this orchard is larger than 5.12 inches? c. A random sample
From probability... Distributions of two random Variables. The Correlation Coefficient. Please show each step of your solution. Please check typos and final answers before you post. I will appreciate it. Final Answer from my text book: a= Mu_Y - (Mu_X)*b, b= Cov(X,Y)/(Sigma_X)^2
When you compare the lengths of motorcycles you find the mean to be 65" and the standard deviation is 2.5". You discover your motorcycle is longer than 80% of the motorcycles. How long is your motorcycle?
Figure the value of c p(c is less an or equal to z which is equal to or less than .99)=.8197
Let z be a standard normal random variable and calculate the following probabilities: p(z is greater than .73) = p(z is less than or equal to 1.75 = p(-1.33 is less than z which is less than 2.2) =
Please help with the following problem. Past experience indicates that 30% of all individuals entering a certain store decide to make a purchase. Using (i) the binomial distribution and (ii) the normal approximation to the binomial, find that probability that 10 or more of the 30 individuals entering the store in the given h
Suppose it is known that the distribution of purchase amounts by customers entering a popular retail store is approximately normal with mean $25 and standard deviation $8.
Suppose it is known that the distribution of purchase amounts by customers entering a popular retail store is approximately normal with mean $25 and standard deviation $8. a) What is the probability that a randomly selected customer spends less than $35 at this store? b) What is the probability that a randomly selected custome
On average, your department ships an order two hours after it is received. The distribution of times is approximately normal, the standard deviation is 15 mins. -today you handled 120 orders (empirical rule)a. how many orders would you expect to be shipped : within 2 hours of being received --b. within 1 hour 30 mins How ma
3. Spring-loaded canons are designed to shoot t-shirts into the stands at sporting events. Test firings are conducted on a large level field. The distance that a t-shirt flies is a function of the angle of elevation. When the angle is 35 degrees, the distances follow a normal distribution with a mean of 114.0 feet and a standard
A simple random sample of 100 grocery receipts was drawn from a normal population. The mean and standard deviation of the sample were $120 and $25, respectively. Test the hypothesis H0: u = 125 vs H1:u not = 125 at the 10% significance level. Test Statistic = Critical Values(s) = Conclusion: Interpretation: Plea
Please solve for #1.2. Please kindly explain your answer. You do not need Mathematica.
Bus stats homework 6 Multiple choice questions on sample means, standard deviation, sample size, normal distribution, t distribution
1) IF the sampled population has a mean 48 and standard deviation 16, then the mean and the standard deviation for the sampling distribution of x-bar for n=16 are: 2) Consider two population distributions labeled A and B. Distribution A is highly skewed and non-normal, while the distribution B is slightly skewed and near norm
Can and how would you apply basic probability concepts to facilitate business decision making? What is the difference between discrete and continuous probability distributions? How would you apply the normal distribution to facilitate business decision making?
I need your help in checking my caculation the attached inventory plan table for Martin-Pullin Bicycles Corp. My other calcualtions on the case are also included on the spreadsheet, I now need to calculate the inventory table, (there are two tabs on the spreadsheet). The key thing is to set up the inventory plan correctly, a mon
The Crouse Fuse Company case (attached pdf) presents a problem that may be analyzed with the use of P-Control Charts. The sampling data from operations during the monitored control week are used as a basis for P-Control chart limits in the future. From the data in Exhibit 1 of the case, there are 80 different samples of 5
The amount of cereal in a box is not constant, but the distribution can be modeled with a normal distribution with a mean of 16.5 ounces. If the manufacturer is required to fill 90% of the containers with 16 (or more) ounces of cereal, what is the largest allowable value of the standard deviation ?
The marketing expenditure budget of a small regional chocolate manufacturer is expected to be no more than $250 000, no less than $180 000 and most likely $200 000.
The marketing expenditure budget of a small regional chocolate manufacturer is expected to be no more than $250 000, no less than $180 000 and most likely $200 000. What is the mean value? And what is the probability that this mean value will exceeded? (Please state any assumptions that you make in performing the necessary calcu
In the Boston Marathon each April there are approximately 100 male runners who participate and who are considered as world class runners. Normal distribution
Dear OTA, Please provide soulution with detailed steps. Thanks 2. In the Boston Marathon each April there are approximately 100 male runners who participate and who are considered as world class runners. It is known that the time they require to finish the 26.2 mile race is normally distributed with a mean of 135.45 min
The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions.
Dear OTA, Please help me with steps. Thanks 37.The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions. Both are normally distributed. For the net sales, the mean is $180 million and the standard deviation is $25 million. For the number
A survey for Hotels asked respondents "When traveling internationally, do you generally venture out on your own to experience culture, or stick with your tour group and itineraries?" The survey found that 23% of the respondents stick with their tour group. A. In a sample of 6 international travelers, what is the probability t
A study by professors in the College of Business at Bradley University in Peoria, Illinois, revealed that the response time to 911 emergency calls was 4.8 minutes, with a standard deviation of 1.2 minutes. It was assumed that response times were normally distributed. The mayor of Peoria wanted to reduce mean response time enou