User Account

All Pages

Calculate zscores for the four amounts

Assignment Help Basic Statistics
Reference no: EM132464722

The annual profits of small business owners in the town of Brownville has a normal distribution with a mean of $60,000 and standard deviation $5000.

a. Calculate Zscores for the following four amounts: $50,000, $55,000, $65,000, and $70,000. Considering the given profit ~N (60000,5000^2). X is going to be the annual profit and Z is going to be the "Z scores" for

b. What proportion of the distribution falls below $50,000?

c. What proportion of the distribution falls between $55,000 and $50,000?

d. What proportion of the distribution falls between $60,000 and $65,000?

e. What proportion of the distribution falls above $65,000?

f. What is the probability that a randomly selected business owner in this distribution has a profit between $50,000 and $70,000?

Reference no: EM132464722

Questions Cloud

Difference in the extent of wound healing by treatment : Is there a difference in the extent of wound healing by treatment? (Hint: Are treatment and the percent wound healing independent?)
List the first five would ask oscar and explain : List the first 5 questions you would ask Oscar and explain .Explain your initial considerations about taking and setting up the interview at that stage.
Find the interest that will be owed after 76 days : Find the interest that will be owed after 76 days. Assuming Juan doesn't make any payments, find the amount owed after 76 days.
Compare an experimental medication : A clinical trial is conducted to compare an experimental medication to placebo to reduce the symptoms of asthma.
Calculate zscores for the four amounts : The annual profits of small business owners in the town of Brownville has a normal distribution with a mean of $60,000 and standard deviation $5000.
What is gross profit rate for the month of november : Suzuki is fully insured for fire losses but must prepare a report for the insurance company. What is gross profit rate for the month of November
Standard deviation from the mean : In a distribution that follows the Normal Curve. How likely is it that an observation is higher or lower than one standard deviation from the mean? Explain why.
Prepare an income statement ifrs : Prepare an income statement following IFRS. Prepare the income statement for this company for the year ended December 31, 2013, usual IFRS practices.
What is the probability of getting threeheads : Suppose you toss three coins. What is the probability of getting threeheads? To answer this question, first list all possible outcomes

Reviews

Write a Review

Basic Statistics Questions & Answers

  Mean of the distribution of sample means

Suppose that a sample of size 69 is drawn from a population with mean 95 and standard deviation 65 . Find the value of , the mean of the distribution of sample

  What null and alternative hypotheses should he have used

What null and alternative hypotheses should he have used? Explain, using both words and symbols. Explain the meaning of any symbols you use.

  CI for the variance of the transit time for all goods

A transportation company wants to estimate the average length of time goods are in transit across the country. A random sample of 20 shipments gives = 2.6 days.

  Enrich and represent results of study

A description of how you believe statistics can enrich and represent the results of a study, and an explanation of how statistics can be used to misrepresent the results of a study.

  Statistical techniques to teach computers to workers

A group of workers on a manufacturing assembly line type information into a computer. They take a training class on how to use a computer, especially as related to data entry.

  Find probability- exactly two patients will suffer rejection

PROBABILITY OF TRANSPLANT REJECTION The probabilities that the three patients who are scheduled to receive kidney transplants at General Hospital will suffer.

  Best fit line in scatter plot of regression analysis

How would you define "the best fit line" in scatter plot of regression analysis?

  Percentile for the distribution of exercise time per week

A research concludes that the number of hours of exercise per week for adults is normally distributed with a mean of 3.5 hours and a standard deviation of 3 hours. Show all work. Just the answer, without supporting work, will receive no credit. (a..

  Correlation coefficient for the data

Find the correlation coefficient for the data. Find the equation for the regression line for the data and predict the final grade of a student who misses 3.5 days.

  Access to internet to gather population data from us census

Access to the internet to gather population data from the U.S. Census Bureau's website and do a brief keyword search on "Benford's Law" and /or "first digit phenomenon".

  Denominator and the population variance

Show that E(s2) = σ2 in simple random sampling, where the sample variance s2 is defined with n - 1 in the denominator and the population variance σ2 is defined with N - 1 in the denominator.

  Create linear program to find number of hours

Formulate a linear program that can be used to determine the number of hours each graphic designer should be assigned to the project in order to minimize total cost. What is the total cost?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd