Determine the proportion of data points

Assignment Help Management Theories
Reference no: EM131463412

Question: Oakdale Furniture Company uses a special type of woodworking glue in the assembly of its furniture. During the past 36 weeks, the following amounts of glue (in gallons) were used by the company:

667_25.png

a. Compute the mean and the standard deviation of this sample.

b. Consider the following class intervals for the number of gallons used each week:

Less than 20.

20-27.

28-33.

34-37.

38-43.

More than 43.

Determine the proportion of data points that fall into each of these intervals. Compare these proportions to the probabilities that a normal variate with the mean and the standard deviation you computed in part (a) falls into each of these intervals. Based on the comparison of the observed proportions and those obtained from assuming a normal distribution, would you conclude that the normal distribution provides an adequate fit of these data? (This procedure is essentially the same as a chi-square goodness-of-fit test.)

c. Assume that the numbers of gallons of glue used each week are independent random variables, having the normal distribution with mean and standard deviation computed in part (a). What is the probability that the total number of gallons used in six weeks does not exceed 200 gallons? (Hint: The mean of a sum of random variables is the sum of the means and the variance of a sum of independent random variables is the sum of the variances.)

Reference no: EM131463412

Questions Cloud

What circumstances would they differ by a substantial amount : Suppose that Mac only kept track of the number of magazines sold. Would this give an accurate representation of the demand for the Journal?
Create written work utilizing concepts of critical thinking : Create written work utilizing the concepts of critical thinking. Identify the informal fallacies, assumptions, and biases involved in manipulative appeals.
Differentiate deterministic and random variations : What is the difference between deterministic and random variations in the pattern of demands? Provide an example of a real problem in which predictable.
Analyze the challenges medicaid faces : Analyze the challenges Medicaid faces in terms of improving access to care, quality of care, and reducing the cost of care.
Determine the proportion of data points : Oakdale Furniture Company uses a special type of woodworking glue in the assembly of its furniture. During the past 36 weeks, the following amounts of glue.
Create a multiple regression model : ETCS 600 STATISTICAL APPLICATIONS FOR TECHNOLOGY - Determine the range, standard deviation, and variance for the indicated data set.
Explain a targeted audience within good health hospital : Identify a targeted audience within Good Health Hospital, and prepare implementation plan based on hypothetical meeting with hospital health care administrator.
Estimate mean and standard deviation of the weekly shipments : Rather than keeping track of each demand observation, Betty Sucasas, a member of the marketing staff with a large company that produces a line of switches.
Create the tasks for the trainer for your final project : Create tasks for the trainer for your final project. Using six structures listed in text, select one and specify how it relates to responsibilities of trainer.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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!

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