Reference no: EM13889290
ASSIGNMENT
Problem Set
1. Determine the area under the standard normal curve that lies
a. to the left of Z = -2.01
b. to the right of Z = 1.97.
c. between Z = -2.31 and Z = 0.
d. between Z = -2.01 and Z = 1.07.
e. between Z = 1.47 and Z = 2.31.
f. between Z = -3.11 and Z = 1.47.
g. to the left of Z = -3.31 or to the right of Z = 2.40.
2. The Graduate Record Examination (GRE) is a test required for admission to many U.S. graduate schools. The Department of Molecular Genetics at Ohio State University requires a GRE score no less than the 75th percentile. (Source: www.biosci.ohio-state.edu/~molgen/html/admission_criteria.html.)
a. Find the Z-score corresponding to the 75th percentile. In other words, find the Z-score such that the area under the standard normal curve to the left is 0.75.
b. How many standard deviations above the mean is the 75th percentile?
3. The diameters of ball bearings produced at a factory are approximately normally distributed. Suppose the mean diameter is 1.02 centimeters (cm) and the standard deviation is 0.02 cm. The product specifications require that the diameter of each ball bearing be between 0.98 and 1.02 cm.
a. What proportion of ball bearings can be expected to have a diameter under 1.00 cm?
b. What proportion of ball bearings can be expected to have a diameter over 1.00 cm?
c. What proportion of ball bearings can be expected to have a diameter between 0.98 and 1.02 cm? That is, what proportion of ball bearings can be expected to meet the specifications?
d. What is the probability that the diameter of a randomly selected ball bearing will be over 0.96 cm?
e. What is the probability that the diameter of a randomly selected ball bearing will be under 0.995 cm?
f. What is the percentile rank of a ball bearing that has a diameter of 0.99 cm?
g. What is the percentile rank of a ball bearing that has a diameter of 1.01 cm?
h. Determine the 10th percentile of the diameters of ball bearings.
i. Determine the diameters of ball bearings that make up the middle 99% of all diameters.
4. Page 160: Problem 4 (will upload the book questions)
5. Page 160: Problem 5
6. Page 160; Problem 9
7. Page 160; Problem 16
8. Page 160; Problem 19
9. Page 160; Problem 20 (Parts c & d)
What means do they use to hedge against exchange rate risk?
: What means do they use to hedge against exchange rate risk?
|
Discuss one of the social process theories
: In a well-constructed, one page essay (500+ words), discuss one of the social process theories (social learning, social control, or social reaction), and why you think it best explains why criminals commit crimes
|
About the purchasing new cooling system
: The Gentle Warming Company is purchasing a new cooling system. To pay for the system, the company agrees to make 12 installment payments of $8186 per year, beginning at the end of year 1. How much should the company set aside today to pay for the coo..
|
Policy improve employment prospects for young french workers
: Historically, young French workers (under age 25) have had relatively high unemployment rates: 21 percent in 2005. In 2006, the French government proposed to allow employers to fire young employees without cause (a labor restriction). How should this..
|
Determine the diameters of ball bearings
: Determine the diameters of ball bearings
|
The gross domestic product
: The gross domestic product of countries Babistan, Turma, and Deru are $1,500, $2,500, and $3,500, respectively. There are 1,500 miles between country Babistan and countries Turma, and Deru. Does the gravity equation predict that there will be more tr..
|
Benefit the hotel and increase customer satisfaction
: benefit the hotel and increase customer satisfaction
|
Strengths and weaknesses of historical materialism
: According to Marxist paradigm, what are the primary causal processes that drive globalization and how do these processes differ from the mercantilist and liberal expressions? Explain with reference to the strengths and weaknesses of historical materi..
|
How should mixed costs be classified in cvp analysis
: How should mixed costs be classified in CVP analysis? What approach is used to effect appropriate classification? At the high and low levels of activity during the month, direct labor hours are 90,000 and 40,000, respectively.
|