Problem 5:In an institution 2.28% employees have incomesbelow 4500 and 15.8% have income above 7500per month. Assuming the distribution ofincomes to be normal, find the mean and S.D. ofincomes.

Answered: Image /qna-images/answer/38346059-61b4-476c-9941-d5d1d40f32d4.jpg

Answered: Problem 5: In an institution 2.28%…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: (4 year ago Quantity sold was 1059), (3 year ago Quantity sold was 1169 ), (2 year ago Quantity sold was 1740 ) and the last year Quantity sold was 1903 . The previous trend line had predicted 1218 for three years ago, 1287 for two years ago and 1355 for last year. What was the mean squared error (MSE) for these forecasts? a. 169304.67 b. 19.67 c. 350 d. 0.2
In the past, the mean age of consumers of a product was 38 years. Recently the product has been drastically changed. In order to determine whether there has been a change in the mean age of the product consumers, a sample of 16 consumers is selected. The mean age in the sample is 33 years and the standard deviation in the sample is 10 years. Let u = the mean age of the current product (Problem Set #7) consumers. The value of the test statistic is Oa. -2.00 O b.-1.60 OC .0.8 O d. 4.21
Step 1: Although cities encourage carpooling to reduce traffic congestion, most vehicles carry only one person. For example, 70% of vehicles on the roads in the Minneapolis-St. Paul metropolitan area are occupied by just the driver. You choose 84 vehicles at random. What are the mean and standard deviation of the proportion of vehicles in your sample that carry only one person? (Fill in the blanks below.) The mean is (1) . (Give your answer to 1 decimal place.) (2) The standard deviation is (Give your answer to 2 decimal places.) eBook Answer 1 Answer 2
Which of the following statements is not true? There is only one median for each variable. One definition of the median states that, for an odd number of observations, the median is the middle score when scores are placed in order of magnitude. Another term for the median is 50th percentile. The median is generally more sensitive to (i.e., affected by) the presence of a few extreme observations than is the mean.
3. The fill volume of an automated filling machine used for filling cans of carbonated beverage isnormally distributed. Suppose that the mean of the filling operation can be adjusted easily, but thestandard deviation remains at 0.4 fluid ounce.a. At what value should the mean be set so that 99.9% of all cans exceed 12 fluid ounces?b. At what value should the mean be set so that 99.9% of all cans exceed 12 fluid ounces if thestandard deviation can be reduced to 0.09 fluid ounce?
kln 2.18 The report "Trends in Education 2010: Community Colleges" (www.collegeboard.com/trends) included the accompanying information on student debt for students graduating with an AA degree from a public community college in 2008. Debt Relative Frequency None 0.62 Less than $10,000 0.23 Between $10,000 and $20,000 0.10 More than $20,000 0.05 a. Use the given information to construct a bar chart. b. Comment on student debt for public community college graduates.

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS

Problem 5: In an institution 2.28% employees have incomes below 4500 and 15.8% have income above 7500 per month. Assuming the distribution of incomes to be normal, find the mean and S.D. of incomes.