APPLIED STAT.IN BUS.+ECONOMICS
APPLIED STAT.IN BUS.+ECONOMICS
6th Edition
ISBN: 9781259957598
Author: DOANE
Publisher: RENT MCG
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Chapter 7, Problem 102CE

Times for a surgical procedure are normally distributed. There are two methods. Method A has a mean of 28 minutes and a standard deviation of 4 minutes, while method B has a mean of 32 minutes and a standard deviation of 2 minutes. (a) Which procedure is preferred if the procedure must be completed within 28 minutes? (b) Thirty-eight minutes? (c) Thirty-six minutes? Explain your reasoning fully.

a.

Expert Solution
Check Mark
To determine

Find the better procedure if the procedure must be completed within 28 minutes.

Answer to Problem 102CE

The better method for John to reach at the airport in 28 minutes to pick up his spouse is method A.

Explanation of Solution

Calculation:

It is given that the time on method A follows normal distribution with mean of 28 minutes, standard deviation of 4 minutes and the time on method B follows normal distribution with mean of 32 minutes, standard deviation of 2 minutes.

Normal distribution:

A continuous random variable X is said to follow normal distribution if the probability density function of X is,

f(x)=1σ2πe(xμ)22σ2,<x<, with mean μ and standard deviation σ.

Assume that the random variable X denotes the times for a surgical procedure.

For method A:

It is given that μA=28minutes and σA=4minutes.

Now, the probability to complete the procedure within 28 minutes using method A, implies that P(X<28).

Probability value:

Software procedure:

Step-by-step software procedure to obtain probability value using EXCEL is as follows:

  • Open an EXCEL file.
  • In cell A1, enter the formula “=NORM.DIST(28,28,4,1)”.
  • Output using EXCEL software is given below:

APPLIED STAT.IN BUS.+ECONOMICS, Chapter 7, Problem 102CE , additional homework tip  1

Therefore, P(X<28)=0.5.

Thus, the probability to complete the procedure within 28 minutes using method A is 0.5.

For method B:

It is given that μB=32minutes and σB=2minutes.

Now, the probability to complete the procedure within 28 minutes using method B, implies that P(X<28).

Probability value:

Software procedure:

Step-by-step software procedure to obtain probability value using EXCEL is as follows:

  • Open an EXCEL file.
  • In cell A1, enter the formula “=NORM.DIST(28,32,2,1)”.
  • Output using EXCEL software is given below:

APPLIED STAT.IN BUS.+ECONOMICS, Chapter 7, Problem 102CE , additional homework tip  2

Therefore, P(X<54)=0.0228.

Thus, the probability to complete the procedure within 28 minutes using method B is 0.0228.

Therefore, there is to complete the procedure within 28 minutes using method A than by method B.

Thus, the better procedure if the procedure must be completed within 28 minutes is method A.

b.

Expert Solution
Check Mark
To determine

Find the better procedure if the procedure must be completed within 38 minutes.

Answer to Problem 102CE

The better method for John to reach at the airport in 38 minutes to pick up his spouse is method B.

Explanation of Solution

Calculation:

For method A:

It is given that μA=28minutes and σA=4minutes.

Now, the probability to complete the procedure within 38 minutes using method A, implies that P(X<38).

Probability value:

Software procedure:

Step-by-step software procedure to obtain probability value using EXCEL is as follows:

  • Open an EXCEL file.
  • In cell A1, enter the formula “=NORM.DIST(38,28,4,1)”.
  • Output using EXCEL software is given below:

APPLIED STAT.IN BUS.+ECONOMICS, Chapter 7, Problem 102CE , additional homework tip  3

Therefore, P(X<38)=0.9938.

Thus, the probability to complete the procedure within 38 minutes using method A is 0.9938.

For method B:

It is given that μB=32minutes and σB=2minutes.

Now, the probability to complete the procedure within 38 minutes using method B, implies that P(X<38).

Probability value:

Software procedure:

Step-by-step software procedure to obtain probability value using EXCEL is as follows:

  • Open an EXCEL file.
  • In cell A1, enter the formula “=NORM.DIST(38,32,2,1)”.
  • Output using EXCEL software is given below:

APPLIED STAT.IN BUS.+ECONOMICS, Chapter 7, Problem 102CE , additional homework tip  4

Therefore, P(X<38)=0.9987.

Thus, the probability to complete the procedure within 38 minutes using method B is 0.9987.

Therefore, there is to complete the procedure within 38 minutes using method B than by method A.

Thus, the better procedure if the procedure must be completed within 38 minutes is method B.

c.

Expert Solution
Check Mark
To determine

Find the better procedure if the procedure must be completed within 36 minutes.

Answer to Problem 102CE

The better procedure if the procedure must be completed within 36 minutes is method B.

Explanation of Solution

Calculation:

Coefficient of variation:

Coefficient of variation for a random variable X is defined as,

CV=sx¯×100% , where s is the sample standard deviation and x¯ is the same mean of X.

It is better to use a random variable with lower CV.

For method A:

It is given that μA=28minutes and σA=4minutes.

Now, the probability to complete the procedure within 36 minutes using method A, implies that P(X<36).

Probability value:

Software procedure:

Step-by-step software procedure to obtain probability value using EXCEL is as follows:

  • Open an EXCEL file.
  • In cell A1, enter the formula “=NORM.DIST(36,28,4,1)”.
  • Output using EXCEL software is given below:

APPLIED STAT.IN BUS.+ECONOMICS, Chapter 7, Problem 102CE , additional homework tip  5

Therefore, P(X<36)=0.9772.

Thus, the probability to complete the procedure within 36 minutes using method A is 0.9772.

The CV for method A is,

CVA=428×100%=0.1428×100%=14.28%

For method B:

It is given that μB=32minutes and σB=2minutes.

Now, the probability to complete the procedure within 36 minutes using method B, implies that P(X<36).

Probability value:

Software procedure:

Step-by-step software procedure to obtain probability value using EXCEL is as follows:

  • Open an EXCEL file.
  • In cell A1, enter the formula “=NORM.DIST(36,32,2,1)”.
  • Output using EXCEL software is given below:

APPLIED STAT.IN BUS.+ECONOMICS, Chapter 7, Problem 102CE , additional homework tip  6

Therefore, P(X<36)=0.9772.

Thus, the probability to complete the procedure within 36 minutes using method B is 0.9772.

The CV for method B is,

CVB=232×100%=0.0625×100%=6.25%

Therefore, there is same chance to complete the procedure within 36 minutes by method A and method B.

Now, the coefficient of variation for method B is less than method A.

Thus, the better procedure if the procedure must be completed within 36 minutes is method B.

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Chapter 7 Solutions

APPLIED STAT.IN BUS.+ECONOMICS

Ch. 7.3 - If all normal distributions have the same shape,...Ch. 7.3 - (a) At what x value does f (x) reach a maximum for...Ch. 7.3 - State the Empirical Rule for a normal distribution...Ch. 7.3 - Discuss why you would or would not expect each of...Ch. 7.4 - Find the standard normal area for each of the...Ch. 7.4 - Find the standard normal area for each of the...Ch. 7.4 - Find the standard normal area for each of the...Ch. 7.4 - Find the standard normal area for each of the...Ch. 7.4 - Find the standard normal area for each of the...Ch. 7.4 - Bobs exam score was 2.17 standard deviations above...Ch. 7.4 - Joans finishing time for the Bolder Boulder 10K...Ch. 7.4 - Find the associated z-score for each of the...Ch. 7.4 - Prob. 23SECh. 7.4 - Find the associated z-score or scores that...Ch. 7.4 - Prob. 25SECh. 7.4 - High school students across the nation compete in...Ch. 7.4 - Prob. 27SECh. 7.4 - Suppose X N(56, 4). Write the Excel function to...Ch. 7.4 - Suppose the volume of liquid soap (X) in a...Ch. 7.4 - Daily output of Marathons Garyville, Lousiana,...Ch. 7.4 - Assume that the number of calories in a McDonalds...Ch. 7.4 - The weight of a miniature Tootsie Roll is normally...Ch. 7.4 - The pediatrics unit at Carver Hospital has 24...Ch. 7.4 - The cabin of a business jet has a cabin height 5...Ch. 7.4 - On January 1, 2011, a new standard for baseball...Ch. 7.4 - Last years freshman class at Big State University...Ch. 7.4 - Suppose X N(56, 4). 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Their...Ch. 7 - Shower temperature at the Oxnard Health Club...Ch. 7 - Tests show that, on average, the Li-ion Hitachi...Ch. 7 - The time it takes to give a man a shampoo and...Ch. 7 - The length of a time-out during a televised...Ch. 7 - If the weight (in grams) of cereal in a box of...Ch. 7 - Demand for residential electricity at 6:00 p.m. on...Ch. 7 - Jims systolic blood pressure is a random variable...Ch. 7 - A statistics exam was given. Calculate the...Ch. 7 - Are the following statements true or false?...Ch. 7 - John can take either of two routes (A or B) to LAX...Ch. 7 - The amount of fill in a half-liter (500 ml) soft...Ch. 7 - The length of a certain kind of Colorado brook...Ch. 7 - Times for a surgical procedure are normally...Ch. 7 - Prob. 103CECh. 7 - Among live deliveries, the probability of a twin...Ch. 7 - Nationwide, the probability that a rental car is...Ch. 7 - The probability of being in a car accident when...Ch. 7 - A multiple-choice exam has 100 questions. Each...Ch. 7 - The probability that a certain kind of flower seed...Ch. 7 - Prob. 109CECh. 7 - Prob. 110CECh. 7 - Prob. 111CECh. 7 - Automobile warranty claims for engine mount...Ch. 7 - Prob. 113CECh. 7 - Prob. 114CECh. 7 - The price (dollars per 1,000 board feet) of...Ch. 7 - Prob. 116CECh. 7 - Prob. 117CECh. 7 - (a) Write an Excel formula to generate a random...Ch. 7 - (a) Write an Excel formula to generate a random...Ch. 7 - On a police sergeants examination, the historical...Ch. 7 - Which type of probability (empirical, classical,...Ch. 7 - For the following contingency table, find (a) P(H ...Ch. 7 - If P(A) = .30, P(B) = .70, and P(A B) = .25, are...Ch. 7 - Prob. 4ERQCh. 7 - Which statement is true? Why not the others? a....Ch. 7 - Prob. 6ERQCh. 7 - Assuming independent arrivals with a mean of 2.5...Ch. 7 - If a random experiment whose success probability...Ch. 7 - In a random experiment with 50 independent trials...Ch. 7 - Prob. 10ERQCh. 7 - Prob. 11ERQCh. 7 - Prob. 12ERQCh. 7 - Prob. 13ERQCh. 7 - Prob. 14ERQCh. 7 - Prob. 15ERQCh. 7 - Prob. 16ERQCh. 7 - If arrivals follow a Poisson distribution with...Ch. 7 - In the previous problem, find (a) the 95th...Ch. 7 - Which statement is correct concerning the normal...Ch. 7 - Prob. 20ERQ
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