An economics instructor observed that the marks in his Money and Banking courseare normally distributed. He observed that the average was 73% with a standarddeviation of 12% on the final exams in his day classes. His evening classes average77% with a standard deviation of 10%. What is the probability that the mean mark offour randomly selected students from a day class is greater than the average mark offour randomly selected students from an evening class?a) 0.5050O b) 0.3050c) 0.4050d) 0.6950e) None of the answers are correct

Answered: Image /qna-images/answer/56a8395f-1eb0-455d-b23d-fe9404ceb456.jpg

Answered: An economics instructor observed that…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Suppose the average amount of money that people spend on their pets per month is 47 dollars, with a standard deviation of 6 dollars. For a sample of 36 people, final the average amount of money spent on pets that defines the bottom 30% in the distribution.For a sample of 36 people, what is the probability for this sample’s mean to be higher than 50 dollars.
The manufacturer of cans of salmon that are supposed to have a net weight of 6 ounces tells you that the net weight is actually a normal random variable with a mean of 6.23 ounces and a standard deviation of 0.24 ounce. Suppose that you draw a random sample of 43 cans. Find the probability that the mean weight of the sample is less than 6.22 ounces. Probability =
from year s of teaching ,a statsitics profeessor knoes that Amy , her student 's test scre will be a randonm variable with mean = 75 and variance = 25. what can be the lowest estimate on probability that Amy will socre between 65 and 85.
Georgia residents spent an average of $470 on the lottery in 2010, or 1% of their personal income (www.msn.com, May 23, 2012). Suppose the amount spent on the lottery follows a normal distribution with a standard deviation of $50. If five Georgians are randomly selected, what is the probability that the average amount spent on the lottery was more than $500? (Round your answer to three decimal places.)
In a recent year, grade 7 Maryland State public school students taking a mathematics assessment test had a mean score of 230 with a standard deviation of 23. Assume the scores are normally distributed. Find the probability that a student had a score higher than 285.
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 122000 dollars. Assume the standard deviation is 41000 dollars. Suppose you take a simple random sample of 97 graduates.Find the probability that a single randomly selected salary that doesn't exceed 126000 dollars.Answer = Find the probability that a sample of size n=97n=97 is randomly selected with a mean that that doesn't exceed 126000 dollars.Answer = Enter your answers as numbers accurate to 4 decimal places.
About 71% of all female heart transplant patients will survive for at least 3 years. Eighty female heart transplant patients are randomly selected. What is the probability that the sample proportion surviving for at least 3 years will be pq less than 63%? Assume the sampling distribution of sample proportions is a normal distribution. The mean of the sample proportion is equal to the population proportion and the standard deviation is equal to The probability that the sample proportion surviving for at least 3 years will be less than 63% is (Round to four decimal places as needed.) More Clear All Final Check Help Me Solve This View an Example Get More Help - 4:51 PM 73°F Rain coming 4* 10/4/2021 O Type here to search 10/05/17 EGO PrtSc Insert Delete 口回 F10 F11 F12 F7 F8 F9 F6 Esc F2 F4 F5 F1 F3 & Backspace Num Lock 5 6 2 R T. Y U Home G K L Enter F H. J + |I LEGY P * 00 44 %#3 山

Cody took his first physics exam and scored an 80. The population mean for this exam is 70, and the standard deviation is 5. What is the probability of selecting a person with a score greater than Cody’s?
A dean in the business school claims that GMAT scores of applicants to the school's MBA program have increased during the past 5 years. Five years ago, the mean and standard deviation of GMAT scores of MBA applicants were 550 and 60, respectively. 30 applications for this year's program were randomly selected and the GMAT scores recorded. If we assume that the distribution of GMAT scores of this year's applicants is the same as that of 5 years ago, find the probability of erroneously concluding that there is not enough evidence to supports the claim when, in fact, the true mean GMAT score is 590. Assume αα is 0.02.
About 77% of all female heart transplant patients will survive for at least 3 years. Eighty female heart transplant patients are randomly selected. What is the probability that the sample proportion surviving for at least 3 years will be less than 69%? Assume the sampling distribution of sample proportions is a normal distribution. The mean of the sample proportion is equal to the population proportion and the standard deviation is equal to The probability that the sample proportion surviving for at least 3 years will be less than 69% is (Round to four decimal places as needed.)
A farmer was interested in determining how many grasshoppers were in his field. He knows that the distribution of grasshoppers may not be normally distributed in his field due to growing conditions. As he drives his tractor down each row he counts how many grasshoppers he sees flying away. After several rows he figures the mean number of flights to be 57 with a standard deviation of 12. What is the probability of the farmer will count 60 or more flights on average in the next 40 rows down which he drives his tractor? Round to four decimal places. OA. 0.4429 OB. 0.0569 OC. 0.9429 OD. 0.5710
About 79% of all female heart transplant patients will survive for at least 3 years. Seventy female heart transplant patients are randomly selected. What is the probability that the sample proportion surviving for at least 3 years will be less than 75%? Assume the sampling distribution of sample proportions is a normal distribution. The mean of the sample proportion is equal to the population proportion and the standard deviation is equal to pqn.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS