Determining the highest number of miles

Reference no: EM1316876

Q1) 30% of college freshmen at small private 4 year school are honoured scholarships. 80% of freshmen who are honoured scholarships at school go on to graduate, whereas 40% of those who are not honoured scholarships go on to graduate.

(a) Given that person goes on to graduate, determine the probability that person who graduated got a scholarship as freshman?

(b) Given that person goes on to graduate, determine the probability that person who graduated did not get a scholarship as freshman?

Q2) Average number of miles driven in 1 month is normally distributed with mean (µ) of 1,400 miles and standard deviation (σ) of 300 miles.

Auto insurer gives discounts to drivers falling in "bottom 25%" of miles driven in month (call it "infrequent driver" discount). Determine the highest number of miles (to nearest whole number) that motorist could drive in month and still qualify for discount?

Reference no: EM1316876

Questions Cloud

Where will we be in 50 years on this issue : Use of fossil fuels - Should we be burning the raw materials for medicine and polymers? Where will we be in 50 years on this issue?

Finding sample standard deviation : Find out sample standard deviation (s) of scores Gordon Golfer made on his last four rounds (determine to the nearest one tenth, or .1).

Sampling distribution of the difference : If two independent large samples are taken from two populations, the sampling distribution of the difference between the two sample means:

Visual logic : Consider that you are working with “Visual Logic”. Develop the logic for a program which enables a user to enter the 10 numbers, and then display them in reverse order of their entry.

Determining the highest number of miles : Determine the highest number of miles (to nearest whole number) that motorist could drive in month and still qualify for discount?

Solve the following equation for x under radical sign : Solve the following equation for x under radical sign.

Factors affecting the capability to create value : In what ways do the offering MBA courses at other locations create producer and consumer borne value to both the university and the malls? What factors affect the ability of the university and malls to capture value?

Determining optimal amount of resources in production : Top Gun Marketing, Inc., offers overhead banner fly-by promotion services using their Cessna aircraft and banner creation facilities.

Elements of physical security : Develop a physical security plan for manufacturing company. Your paper must include an explanation of the physical security and the different elements of the physical security.

User Account

All Pages