Categorizing discrete or continuous random variables

Reference no: EM1313827

Q1) Suppose that average annual salary for the worker in United States is $35,000 and that annual salaries for Americans are normally distributed with standard deviation equal to $6,500. Determine the following:

i) Determine percentage of Americans earn below $26,000?

ii) Determine percentage of Americans earn above $40,000?

Q2) Categorize the following as discrete or continuous random variables.

a) The number of business majors at South University

b) The time it takes to complete this assignment

c) The blood pressures of patients admitted to a hospital in one day

d) The number of people who play the state lottery each day

3) Determine the value of z such that 47.5% of distribution lies between it and mean.

Reference no: EM1313827

Questions Cloud

Features of angiosperms : With these anatomical features in mind, do some research in order to determine an angiosperm which has modified leaves, stems, roots or flowers that do not function in the normal manner, or that function in an unusual manner.

Organization has the bigger incentive for careful quality. : Which organization has a bigger markup. Explicate. Which organization has the bigger incentive for careful quality control

Prepare statement of cash flows : Prepare statement of cash flows (indirect method) using balance sheet data Following are comparative balance sheets for Millco, Inc., at January 31 and February 28, 2009:

Explain theory about capital project projection satisfaction : Explain Theory about capital project projection satisfaction of the hurdle-rate requirements and what other criteria impact the decision

Categorizing discrete or continuous random variables : Categorize the following as discrete or continuous random variables.

Evaluating a capital investment project : Which methods of evaluating a capital investment project ignore the time value of money and the first line item in the operating activities section of a spreadsheet for a statement of cash flows prepared using the indirect method

Inverse delivery curve substitutes or complements : elling price of another product Y in dollars per unit. The inverse delivery curve. Conclude whether X also Y are substitutes or complements.

Inflation and output ratio : Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.

Applications of several observational study designs : Applications of Different Observational Study Designs' indicating for every objective under pertinent study design.

User Account

All Pages