Statistical Techniques in Business and Economics
16th Edition
ISBN: 9780077639723
Author: Lind
Publisher: Mcgraw-Hill Course Content Delivery
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Chapter 6, Problem 11E
a.
To determine
List out the probabilities of binomial distribution for values x from 0 to 3.
b.
To determine
Calculate the mean and standard deviation of the distribution from general definitions.
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13.11 Random numbers. If you ask a computer to generate “random numbers" between 0
and 5, you will get observations from a uniform distribution. Figure 13.12 shows the density
curve for a uniform distribution. This curve takes the constant value 0.2 between 0 and 5 and
is zero outside that range. Use this density curve to answer these questions.
a. Why is the total area under the curve equal to 1?
b. The curve is symmetric. What is the value of the mean and median?
c. What percentage of the observations lie between 4 and 5?
d. What percentage of the observations lie between 1.5 and 3?
height = 0,20
Moore/Notz, Statistics: Concepts and Controversies, 10e, 0 2020 W. H. Freeman and Company
Figure 13.12 The density curve of a uniform distribution, for Exercise 13.11.
Observations from this distribution are spread "at random" between 0 and 5.
Suppose that 95% of the bags of certain fertilizer mix weigh between 49 and 53 pounds. Averages of three succesive bags were plotted, and 47.5% of these were observed to lie between 51 and X pounds. Estimate the value of X. State assumptions you make and say whether these assumptions are likely to be true for this example.
3.6 Triathlon times, Part Il: The distribution for triathlon time varies depending on the population you are
describing. The distribution for men ages 30 - 34 is N(u=4304, o=581). The distribution for women ages 25 -
29 is N(u=5225, o=848). Note, these distributions list the triathlon times in seconds. Use this information to
compute each of the following. Report your answer to 2 decimal places.
a) The cutoff time for the fastest 5% of athletes in the men's group, i.e. those who took the shortest 5% of
time to finish.
b) The cutoff time for the slowest 10% of athletes in the women's group.
Chapter 6 Solutions
Statistical Techniques in Business and Economics
Ch. 6 - The possible outcomes of an experiment involving...Ch. 6 - The Pizza Palace offers three sizes of cola. The...Ch. 6 - FILE Compute the mean and variance of the...Ch. 6 - FILE Compute the mean and variance of the...Ch. 6 - FILE Compute the mean and variance of the...Ch. 6 - Which of these variables are discrete and which...Ch. 6 - FILE The information below is the number of daily...Ch. 6 - FILE The director of admissions at Kinzua...Ch. 6 - Prob. 7ECh. 6 - FILE The Downtown Parking Authority of Tampa,...
Ch. 6 - Ninety-five percent of the employees at the J. M....Ch. 6 - In a binomial situation, n = 4 and = .25....Ch. 6 - In a binomial situation, n = 5 and = .40....Ch. 6 - Prob. 11ECh. 6 - Assume a binomial distribution where n = 5 and =...Ch. 6 - An American Society of Investors survey found 30%...Ch. 6 - Prob. 14ECh. 6 - Prob. 15ECh. 6 - FILE A telemarketer makes six phone calls per hour...Ch. 6 - FILE A recent survey by the American Accounting...Ch. 6 - Prob. 18ECh. 6 - Prob. 4SRCh. 6 - Prob. 19ECh. 6 - In a binomial distribution, n = 12 and = .60....Ch. 6 - FILE In a recent study, 90% of the homes in the...Ch. 6 - FILE A manufacturer of window frames knows from...Ch. 6 - Prob. 23ECh. 6 - Prob. 24ECh. 6 - Prob. 5SRCh. 6 - Prob. 25ECh. 6 - A population consists of 15 items, 10 of which are...Ch. 6 - Prob. 27ECh. 6 - Prob. 28ECh. 6 - Prob. 29ECh. 6 - Prob. 30ECh. 6 - Prob. 6SRCh. 6 - Prob. 31ECh. 6 - Prob. 32ECh. 6 - Prob. 33ECh. 6 - Automobiles arrive at the Elkhart exit of the...Ch. 6 - It is estimated that 0.5% of the callers to the...Ch. 6 - Prob. 36ECh. 6 - Prob. 37CECh. 6 - For each of the following indicate whether the...Ch. 6 - Prob. 39CECh. 6 - Prob. 40CECh. 6 - Prob. 41CECh. 6 - The payouts for the Powerball lottery and their...Ch. 6 - In a recent study, 35% of people surveyed...Ch. 6 - Prob. 44CECh. 6 - An auditor for Health Maintenance Services of...Ch. 6 - Prob. 46CECh. 6 - Prob. 47CECh. 6 - The Bank of Hawaii reports that 7% of its credit...Ch. 6 - Prob. 49CECh. 6 - Prob. 50CECh. 6 - Prob. 51CECh. 6 - Prob. 52CECh. 6 - Prob. 53CECh. 6 - Prob. 54CECh. 6 - Prob. 55CECh. 6 - Prob. 56CECh. 6 - Prob. 57CECh. 6 - Prob. 58CECh. 6 - Prob. 59CECh. 6 - Prob. 60CECh. 6 - Prob. 61CECh. 6 - Prob. 62CECh. 6 - Prob. 63CECh. 6 - Prob. 64CECh. 6 - The National Aeronautics and Space Administration...Ch. 6 - Prob. 66CECh. 6 - Prob. 67CECh. 6 - Prob. 68CECh. 6 - A recent CBS News survey reported that 67% of...Ch. 6 - Refer to the Real Estate data, which report...Ch. 6 - Refer to the Baseball 2012 data. Compute the mean...
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- . Assume a binomial distribution where n = 5 and π = .30.a. Refer to Appendix B.1 and list the probabilities for values of x from 0 to 5.b. Determine the mean and standard deviation of the distribution from the generaldefinitions given in formulas (6–1) and (6–2).arrow_forward82 and 84 solve both plzarrow_forwardAssume that adults have IQ scores that are normally distributed with a mean of u = 100 and a standard deviation o = 20. Find the probability that a randomly selected adult has an 1Q less than 128. Click to view page 1 of the table Click to view page 2 of the table. The probability that a randomly selected adult has an IQ less than 128 is (Type an integer or decimal rounded to four decimal places as needed.)arrow_forward
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