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If a uniform distribution is defined over the interval from 6 to 10, then answer the followings: I. What is the mean of this uniform distribution? II. Show that the probability of any value between 6 and 10 is equal to 1.0 III. Find the probability of a value more than 7. IV. Find the probability of a value between 7 and 9. The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $20 and $30 per share. What is the probability that the stock price will be: V. More than $27? VI. Less than or equal to $24? The April rainfall in Flagstaff, Arizona, follows a uniform distribution between 0.5 and 3.00 inches. VII. What is the mean amount of rainfall for the month? VIII. What is the probability of less than an inch of rain for the month? IX. What is the probability of exactly 1.00 inch of rain? X. What is the probability of more than 1.50 inches of rain for the month? Uniform probability dist. questions (each question worth 0.5 points) Question Answer (Rounded to 3 decimal places). Make sure answers from the number correct question number are transferred here. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Section B: Standard normal distribution problems (each question of 0.5 points) Mean Std. dev. X Result reater/Less/Betwee Answer Q 11 50 4 44 50 4 55 Between 44-55 Q12 50 4 55 Greater than 55 Q13 50 4 52 50 4 55 Between 52-55 Q14 3401 82.5 3500 More than 3500 Q15 3401 82.5 3500 3401 82.5 3579 Between 3500-3579 Q16 3401 82.5 3325 3401 82.5 3579 Between 3325-3579 Q17 15 3.5 20 More than 20 Q18 15 3.5 20 Less than 20 Q19 15 3.5 10 15 3.5 12 Between 10-12 Q20 15 3.5 15 15 3.5 20 Between 15-20

If a uniform distribution is defined over the interval from 6 to 10, then answer the followings: I. What is the mean of this uniform distribution? II. Show that the probability of any value between 6 and 10 is equal to 1.0 III. Find the probability of a value more than 7. IV. Find the probability of a value between 7 and 9. The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $20 and $30 per share. What is the probability that the stock price will be: V. More than $27? VI. Less than or equal to $24? The April rainfall in Flagstaff, Arizona, follows a uniform distribution between 0.5 and 3.00 inches. VII. What is the mean amount of rainfall for the month? VIII. What is the probability of less than an inch of rain for the month? IX. What is the probability of exactly 1.00 inch of rain? X. What is the probability of more than 1.50 inches of rain for the month? Uniform probability dist. questions (each question worth 0.5 points) Question Answer (Rounded to 3 decimal places). Make sure answers from the number correct question number are transferred here. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Section B: Standard normal distribution problems (each question of 0.5 points) Mean Std. dev. X Result reater/Less/Betwee Answer Q 11 50 4 44 50 4 55 Between 44-55 Q12 50 4 55 Greater than 55 Q13 50 4 52 50 4 55 Between 52-55 Q14 3401 82.5 3500 More than 3500 Q15 3401 82.5 3500 3401 82.5 3579 Between 3500-3579 Q16 3401 82.5 3325 3401 82.5 3579 Between 3325-3579 Q17 15 3.5 20 More than 20 Q18 15 3.5 20 Less than 20 Q19 15 3.5 10 15 3.5 12 Between 10-12 Q20 15 3.5 15 15 3.5 20 Between 15-20

Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.5: Percents
Problem 15WE
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If a uniform distribution is defined over the interval from 6 to 10, then answer the followings: I. What is the mean of this uniform distribution? II. Show that the probability of any value between 6 and 10 is equal to 1.0 III. Find the probability of a value more than 7. IV. Find the probability of a value between 7 and 9. The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $20 and $30 per share. What is the probability that the stock price will be: V. More than $27? VI. Less than or equal to $24? The April rainfall in Flagstaff, Arizona, follows a uniform distribution between 0.5 and 3.00 inches. VII. What is the mean amount of rainfall for the month? VIII. What is the probability of less than an inch of rain for the month? IX. What is the probability of exactly 1.00 inch of rain? X. What is the probability of more than 1.50 inches of rain for the month? Uniform probability dist. questions (each question worth 0.5 points) Question Answer (Rounded to 3 decimal places). Make sure answers from the number correct question number are transferred here. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Section B: Standard normal distribution problems (each question of 0.5 points)
Transcribed Image Text:If a uniform distribution is defined over the interval from 6 to 10, then answer the followings: I. What is the mean of this uniform distribution? II. Show that the probability of any value between 6 and 10 is equal to 1.0 III. Find the probability of a value more than 7. IV. Find the probability of a value between 7 and 9. The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $20 and $30 per share. What is the probability that the stock price will be: V. More than $27? VI. Less than or equal to $24? The April rainfall in Flagstaff, Arizona, follows a uniform distribution between 0.5 and 3.00 inches. VII. What is the mean amount of rainfall for the month? VIII. What is the probability of less than an inch of rain for the month? IX. What is the probability of exactly 1.00 inch of rain? X. What is the probability of more than 1.50 inches of rain for the month? Uniform probability dist. questions (each question worth 0.5 points) Question Answer (Rounded to 3 decimal places). Make sure answers from the number correct question number are transferred here. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Section B: Standard normal distribution problems (each question of 0.5 points)
Mean Std. dev. X Result reater/Less/Betwee Answer Q 11 50 4 44 50 4 55 Between 44-55 Q12 50 4 55 Greater than 55 Q13 50 4 52 50 4 55 Between 52-55 Q14 3401 82.5 3500 More than 3500 Q15 3401 82.5 3500 3401 82.5 3579 Between 3500-3579 Q16 3401 82.5 3325 3401 82.5 3579 Between 3325-3579 Q17 15 3.5 20 More than 20 Q18 15 3.5 20 Less than 20 Q19 15 3.5 10 15 3.5 12 Between 10-12 Q20 15 3.5 15 15 3.5 20 Between 15-20
Transcribed Image Text:Mean Std. dev. X Result reater/Less/Betwee Answer Q 11 50 4 44 50 4 55 Between 44-55 Q12 50 4 55 Greater than 55 Q13 50 4 52 50 4 55 Between 52-55 Q14 3401 82.5 3500 More than 3500 Q15 3401 82.5 3500 3401 82.5 3579 Between 3500-3579 Q16 3401 82.5 3325 3401 82.5 3579 Between 3325-3579 Q17 15 3.5 20 More than 20 Q18 15 3.5 20 Less than 20 Q19 15 3.5 10 15 3.5 12 Between 10-12 Q20 15 3.5 15 15 3.5 20 Between 15-20
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