Basic Business Statistics, Student Value Edition (13th Edition)
Basic Business Statistics, Student Value Edition (13th Edition)
13th Edition
ISBN: 9780321946393
Author: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Publisher: PEARSON
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 6, Problem 1PS

Given a standardized normal distribution (with a mean of 0 and standard deviation of 1, as in Table E.2), What is probability that

a . Z is less than 1.57 ? b . Z is greater than 1.84 ? c . Z is between 1.57 and 1.84 ? d . Z is less than 1.57 greater than 1.84 ?

a.

Expert Solution
Check Mark
To determine

The probability that Z is less than 1.57.

Answer to Problem 1PS

The required probability is 0.9417.

Explanation of Solution

The Table E.2 given in the Appendix of the book provides the area under the cumulative standardized normal distribution from to Z .

From the table, the cumulative probability corresponding to the value 1.57 is 0.9418, which can be written as:

PZ<1.57=0.9417

Thus, the probability is 0.9417.

b.

Expert Solution
Check Mark
To determine

The probability that Z is greater than 1.84.

Answer to Problem 1PS

The required probability is 0.0329.

Explanation of Solution

The probability that Z greater than 1.84 can be written as:

PZ>1.84=1PZ<1.84

From the table E.2, the cumulative probability corresponding to the value 1.84 is 0.9671, which can be written as, PZ<1.84=0.9671 .

Substituting the value in the above equation, the required probability is obtained as:

PZ>1.84=10.9671=0.0329

Thus, the probability is 0.0329.

c.

Expert Solution
Check Mark
To determine

The probability that Z is between 1.57 and 1.84.

Answer to Problem 1PS

The required probability is 0.0254.

Explanation of Solution

The probability that Z is between 1.57 and 1.84 can be written as:

P1.57<Z<1.84=PZ<1.84PZ<1.57

From the table E.2, PZ<1.57=0.9417 and PZ<1.84=0.9671 . Substituting these values in the above equation, the required probability is obtained as:

P1.54<Z<1.84=0.96710.9417=0.0254

Thus, the probability is 0.0254.

d.

Expert Solution
Check Mark
To determine

The probability that Z is less than 1.57 or greater than 1.84.

Answer to Problem 1PS

The required probability is 0.9746.

Explanation of Solution

The probability that Z is less than 1.57 or greater than 1.84 can be written as;

PZ<1.57 or Z>1.84=PZ<1.57+PZ>1.84

From part (a) and (b), it is obtained that PZ<1.57=0.9417 and PZ>1.84=0.0329 . Substituting these values in the above equation, the required probability is obtained as:

PZ<1.57 or Z>1.84=0.9417+0.0329=0.9746

Thus, the probability is 0.9746.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
A quality characteristic of a product is normally distributed with mean μ and standard deviation σ = 1. Speci- fications on the characteristic are 6≤x≤8. A unit that falls within specifications on this quality characteristic results in a profit of Co. However, if x 8, the profit is -C2. Find the value ofμ that maximizes the expected profit.
A) The output voltage of a power supply is normally distributed with mean 5 V and standard deviation 0.02 V. If the lower and upper specifications for voltage are 4.95 V and 5.05 V, respectively, what is the probability that a power supply selected at random conform to the specifications on voltage? B) Continuation of A. Reconsider the power supply manufacturing process in A. Suppose We wanted to improve the process. Can shifting the mean reduce the number of nonconforming units produced? How much would the process variability need to be reduced in order to have all but one out of 1000 units conform to the specifications?
der to complete the Case X T Civil Service Numerical Test Sec X T Casework Skills Practice Test Maseline Vaseline x + euauthoring.panpowered.com/DeliveryWeb/Civil Service Main/84589a48-6934-4b6e-a6e1-a5d75f559df9?transferToken-News NGSSON The table below shows the best price available for various items from 4 uniform suppliers. The prices do not include VAT (charged at 20%). Item Waterproof boots A1-Uniforms (£)Best Trade (£)Clothing Tech (£)Dress Right (£) 59.99 39.99 59.99 49.99 Trousers 9.89 9.98 9.99 11.99 Shirts 14.99 15.99 16.99 12.99 Hi-Vis vest 4.49 4.50 4.00 4.00 20.00 25.00 19.50 19.99 Hard hats A company needs to buy a set of 12 uniforms which includes 1 of each item. If the special offers are included which supplier is cheapest? OOO A1-Uniforms Best Trade Clothing Tech Q Search + ** 109 8 CO* F10 Home F11 F12 6

Chapter 6 Solutions

Basic Business Statistics, Student Value Edition (13th Edition)

Ch. 6 - Prob. 11PSCh. 6 - In 2012, the per capita consumption of soft drinks...Ch. 6 - Many manufacturing problems involve the matching...Ch. 6 - Show that for a sample of n=39, the smallest and...Ch. 6 - For a sample of n=6, list the six Z values.Ch. 6 - Prob. 16PSCh. 6 - Prob. 17PSCh. 6 - The file Property Taxes contains the property...Ch. 6 - Prob. 19PSCh. 6 - One operation of a mill is to cut pieces of steel...Ch. 6 - Prob. 21PSCh. 6 - The file Utility contains the electricity costs,...Ch. 6 - Suppose you select one value from a uniform...Ch. 6 - The time between arrivals of customer at a bank...Ch. 6 - A study of the time spent shopping in a...Ch. 6 - How long does it take to download a two-hour movie...Ch. 6 - The Scheduled commuting time on the Long Island...Ch. 6 - Prob. 28PSCh. 6 - Prob. 29PSCh. 6 - Prob. 30PSCh. 6 - Autos arrive at a toll plaza located at the...Ch. 6 - Prob. 32PSCh. 6 - Prob. 33PSCh. 6 - Prob. 34PSCh. 6 - The time between unplanned shutdowns of a power...Ch. 6 - Golfers arrive at the starter's booth of a public...Ch. 6 - Prob. 37PSCh. 6 - Prob. 38PSCh. 6 - Prob. 39PSCh. 6 - Prob. 40PSCh. 6 - Prob. 41PSCh. 6 - Prob. 42PSCh. 6 - Prob. 43PSCh. 6 - Prob. 44PSCh. 6 - An industrial sewing machine uses ball bearing...Ch. 6 - The fill amount in 2-liter soft drink bottles is...Ch. 6 - In an effort to reduce the number of bottles that...Ch. 6 - Prob. 48PSCh. 6 - The file DomesticBeer contains the percentage...Ch. 6 - Prob. 50PSCh. 6 - Prob. 51PSCh. 6 - Prob. 52PSCh. 6 - Prob. 53PS
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Statistics 4.1 Point Estimators; Author: Dr. Jack L. Jackson II;https://www.youtube.com/watch?v=2MrI0J8XCEE;License: Standard YouTube License, CC-BY
Statistics 101: Point Estimators; Author: Brandon Foltz;https://www.youtube.com/watch?v=4v41z3HwLaM;License: Standard YouTube License, CC-BY
Central limit theorem; Author: 365 Data Science;https://www.youtube.com/watch?v=b5xQmk9veZ4;License: Standard YouTube License, CC-BY
Point Estimate Definition & Example; Author: Prof. Essa;https://www.youtube.com/watch?v=OTVwtvQmSn0;License: Standard Youtube License
Point Estimation; Author: Vamsidhar Ambatipudi;https://www.youtube.com/watch?v=flqhlM2bZWc;License: Standard Youtube License