2.1. In the first semester of the year 2003, the average return for a group of 251 investingcompanies was 4.5% and the standard deviation was 1.5%. If a sample of 40 companiesis randomly selected from this group, what is the approximate probability that the6.average return of the companies in this sample was between 4% and 5% in the firstsemester of the year 2003?08.6.Z =10n34011121314P( )15dec16173.4.7.

From the provided information, Mean (µ) = 4.5% Standard deviation (σ) = 1.5% Sample size (n) = 40…

Answered: 1. In the first semester of the year…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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9.An automobile insurer has found that repair claims are Normally distributed with a mean of $530 and a standard deviation of $480. (a) Find the probability that a single claim, chosen at random, will be less than $490. (b) Now suppose that the next 60 claims can be regarded as a random sample from the long-run claims process. Find the probability that the average X¯ of the 60 claims is smaller than $490. (c) If a sample larger than 60 claims is considered, there would be __________ chance of getting a sample with an average smaller then $490. (NOTE: Write ''LESS'', ''MORE'' or ''AN EQUAL''.)
For a standardized psychology examination intended for psychology majors, the historical data show that scores have a mean of 515 and a standard deviation of 170. The grading process of this year's exam has just begun. The mean score of the 35 exams graded so far is 518. What is the probability that a sample of 35 exams will have a mean score of 518 or more if the exam scores follow the same distribution as in the past? Carry your intermediate computations to at least four decimal places. Round your answer to at least three decimal places.
According to College Board, the average out-of-state tuition for a four-year public college was $8,893 for the 2013-2014 academic year. There are a total of 629 four-year public institutions in the U.S. Assume that the standard deviation for the tuition for these colleges is $950. A random sample of 60 four-year public colleges was selected. What is the probability that the average tuition from this sample is less than $9,000?
For a standardized psychology examination intended for psychology majors, the historical data show that scores have a mean of 515 and a standard deviation of 175. The grading process of this year's exam has just begun. The average score of the 40 exams graded so far is 518. What is the probability that a sample of 40 exams will have a mean score of 518 or more if the exam scores follow the same distribution as in the past? Carry your intermediate computations to at least four decimal places. Round your answer to at least three decimal places. Sub Continue
For a standardized psychology examination intended for psychology majors, the historical data show that scores have a mean of 515 and a standard deviation of 175. The grading process of this year's exam has just begun. The average score of the 35 exams graded so far is 526. What is the probability that a sample of 35 exams will have a mean score of 526 or more if the exam scores follow the same distribution as in the past? Carry your intermediate computations to at least four decimal places: Round your answer to at least three decimal places. Submit Assignment 2021 McGraw Hil LLC. All Rights Reserved. Terms of Use Privacy Center Accessibility US Continue V O 8:19 hp esc 2# 8. 3 4. t 00
Suppose a set of 100 random numbers is normally distributed, with a mean of 50 and standard deviation 2. What is the probability of leaving the number 50?
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