Reference no: EM133123349 , Length: 10 pages
BSB123 Data Analysis - Queensland University of Technology
Probability and Introduction to Probability Distributions
Question One:
The data for this question relates to information provided in THA 1 on international student admissions to graduate programs in the USA. Data is the same with one additional variable
• Chance of Admission (%)
• GRE Score - an admissions test which provides a score between 260 and 340.
• TOEFL - an English language test score out of 120
• University Rating - 1 to 5 with 1 highest rating
• CGPA - Cumulative Grade Point Average out of 10
• Gender
• Level of Award - Student achievement rating (Pass, Credit, Distinction or High Distinction)
a. Use a pivot table to construct both a cross tabulation and a joint probability table for the two variables University Rating and Student Achievement Rating (Level of Award)
b. Calculate the following probabilities showing rules and calculations:
I. A student comes from a Rating 4 universityand achieved a Distinction Rating.
II. A student comes from a Rating 2 university or achieved a pass rating.
III. Given a student came from a Rating 1 university that they achieved a High Distinction
IV. Given a student achieved a high distinction that they came from a rating one university.
V. Using data from the Rating 3 universities and the students who achieved a Pass can you say that the two variables University Rating and Level of Award are independent? (Check: you should get a value of 0.006)
VI. That a student who was NOT a high distinction student came from a rating 2 university
Question Two:
A company has been running a particular manufacturing process for 3 years and has accumulated a large amount of data on the number of defective items produced each day. Data from 600 days of production gives the number of defective items per day:
X - Number of Defective Items
|
0
|
1
|
2
|
3
|
4
|
5
|
Number of Days
|
75
|
180
|
150
|
90
|
65
|
40
|
a. Convert the data to a probability distribution
b. What is the probability that there are between 2 and 4 defective items inclusive in one day
c. What is the expected number of defective items per day
d. What is the standard deviation of the number of defective items per day (Check: 1.408)
The company has been approached to purchase a new process. The supplier is promoting that the new process will produce fewer defectives on average and has provided the following probability distribution as evidence
X - Number of Defective Items
|
0
|
1
|
2
|
3
|
4
|
5
|
Probability
|
0.15
|
0.35
|
0.175
|
??
|
0.1
|
0.1
|
e. Calculate the Expected Value and Standard Deviation of the number of defectives for the new process
f. Does this data support the suppliers claim that the process is better. Use both the expected value and the standard deviation to answer the question.
Question Three
90% of all Data Analysis students who complete all of the THA's pass the subject.Unfortunately only 50% of students do all of the THA's.Overall 80% of students pass Data Analysis. What is the probability that a student who did not complete all of the THA's will fail Data Analysis?
Submission Instructions:
1. Submit your THA as a single document in pdf format via Blackboard.
2. After uploading your THA, please ensure that the correct THA was properly uploaded.
Attachment:- Probability and Probability Distributions.rar
Calculate net present value of the proposed investment
: Calculate the Net Present Value (NPV) of the proposed investment using the adjusted Weighted Average Cost of Capital (WACC) method
|
Prepare the sales budget
: Alexa Manufacturing Company sold 23,430 units of product A in 2020 which 10% compared to the units sold in 2019. Prepare the sales budget
|
What unit contribution margin is required to attain profit
: A before tax profit of $125,904 is desired by the controller. If the tubes sell for $9 each, what unit contribution margin is required to attain profit target
|
What and how does he remove the funds
: What and how does he remove the funds, with all the documentation, and without anyone knowing a fraud occurred
|
BSB123 Data Analysis Assignment
: BSB123 Data Analysis Assignment Help and Solution, Queensland University of Technology - Assessment Writing Service
|
Compute the equivalent units for materials using FIFO
: Beginning inventory, 39,000 partially complete gallons. Started this month, 243,000 gallons. Compute the equivalent units for materials using FIFO
|
Explanation of term knowledge management
: A brief explanation of the term ‘Knowledge Management'. Key competencies that a Knowledge Manager should have or acquire in order to be eligible for such roles.
|
Determine the cost of each job
: The Waters Inc. job is the only incomplete job at the end of November. Actual overhead for the month was $11,000. Determine the cost of each job
|
Revenue or reimbursement systems
: Describe how these revenue or reimbursement systems benefit patient care or the business systems.
|