Develop a frequency distribution

Assignment Help Finance Basics
Reference no: EM13820177

Question 1: The following shows the temperatures (high, low) and weather conditions in a given Sunday for some selected world cities. For the weather conditions, the following notations are used: c = clear; cl = cloudy; sh = showers; pc = partly cloudy.

  1. How many elements are in this data set?
  2. How many variables are in this data set?
  3. How many observations are in this data set?
  4. Name the variables and indicate whether they are categorical or quantitative.

Question 2: A student has completed 20 courses in the School of Arts and Sciences. Her grades in the 20 courses are shown below.

  1. Develop a frequency distribution and a bar chart for her grades.
  2. Develop a relative frequency distribution for her grades and construct a pie chart.

Question 3: The number of hours worked per week for a sample of ten students is shown below.

  1. Determine the median and explain its meaning.
  2. Compute the 70th percentile and explain its meaning.
  3. What is the mode of the above data? What does it signify?

Question 4: You are given the following information on Events A, B, C, and D.

  1. Compute P(D).
  2. Compute P(A ∩ B).
  3. Compute P(A | C).
  4. Compute the probability of the complement of C.
  5. Are A and B mutually exclusive? Explain your answer.
  6. Are A and B independent? Explain your answer.
  7. Are A and C mutually exclusive? Explain your answer.
  8. Are A and C independent? Explain your answer.

Question 5:

  1. When a particular machine is functioning properly, 80% of the items produced are non-defective. 
  2. If three items are examined, what is the probability that one is defective? 
  3. Use the binomial probability function to answer this question.

Question 6: The average starting salary of this year's graduates of a large university (LU) is $20,000 with a standard deviation of $8,000. Furthermore, it is known that the starting salaries are normally distributed.

  1. What is the probability that a randomly selected LU graduate will have a starting salary of at least $30,400?
  2. Individuals with starting salaries of less than $15,600 receive a low income tax break. What percentage of the graduates will receive the tax break?
  3. What are the minimum and the maximum starting salaries of the middle 95.4% of the LU graduates?

Question 7: A simple random sample of 6 computer programmers in Houston, Texas revealed the sex of the programmers and the following information about their weekly incomes.

  1. What is the point estimate for the average weekly income of all the computer programmers in Houston?
  2. What is the point estimate for the standard deviation of the population?
  3. Determine a point estimate for the proportion of all programmers in Houston who are female.

Question 8: Students of a large university spend an average of $5 a day on lunch. The standard deviation of the expenditure is $3. A simple random sample of 36 students is taken.

  1. What are the expected value, standard deviation, and shape of the sampling distribution of the sample mean?
  2. What is the probability that the sample mean will be at least $4?
  3. What is the probability that the sample mean will be at least $5.90?

Reference no: EM13820177

Questions Cloud

How the general duty of care applies to these entities : Lord Roben's recommended a general duty of care should be incorporated into WHS Law to enforce safety obligations in the workplace.  With reference to at least 3 different entities in the workplace describe how the general duty of care applies to the..
How can average nurses be involved in the political process : What does it mean to be a change agent? Give two examples of when you were a change agent or witnessed another nurse as a change agent.
Explore how mpr supports the branding effort : Begin by defining it. Do not copy a definition from a marketing dictionary or Web site; look for a definition of branding in an article in the library's full-text databases. Explore how MPR supports the branding effort
Explain how the literary techniques define and draw : Provide specific examples by quoting, paraphrasing, and/or summarizing. Explain how the literary techniques/examples define and draw out this conflict.
Develop a frequency distribution : A student has completed 20 courses in the School of Arts and Sciences. Her grades in the 20 courses are shown below. Develop a frequency distribution and a bar chart for her grades.
How was the product introduced to the market : What is your product, and why do you feel the product you have selected is innovative within its industry? How was the product introduced to the market, and which approach was used-entrepreneurship or intrapreneurship
Ensuring a businesses success : Explain why the Location Planning and Analysis is so important to ensuring a businesses success. Does Location really matter? Defend your position and explain why or why not.
Advantages and disadvantages of each cars technology : Determine which type of car would work best for you and your family. Justify your decision based on your analysis of the five hybrid cars. (Family of 4, lower middle class, minimal city driving)
What are its main products or services : Provide a brief overview of your company (one to two paragraphs at most). What industry is it in? What are its main products or services? Who are its competitors?

Reviews

Write a Review

Finance Basics Questions & Answers

  Cite five examples of assets that are not presently

a balance sheet which is intended to present fairly the financial position of a company frequently is criticized for

  Calculate a table of interest rates based on the following

calculate a table of interest rates based on the following informationthe pure interest rate is 2.5inflation

  Reba mc entire wishes to invest 19000 on july 1 2011 and

reba mc entire wishes to invest 19000 on july 1 2011 and have it accumulate to 49000 by july 1 2021. use a financial

  What is the value today of stein''s debt and equity

What is the value today of Stein's debt and equity? What about that for Die's?

  Compare the factors involved in deciding whether to purchase

Compare the factors involved in deciding whether to purchase or lease this equipment.   Discuss the application of time value of money concepts used in evaluating lease versus purchase decisions.

  Why firms prefer to use accelerated depreciation methods

why are taxes and the tax code important for managerial decision making?

  Pros and cons of using private insurance

Debate the main pros and cons of using private insurance versus using the new affordable health insurance system. Analyze the cost associated with implementing ACA and its impact on access to health care access for different demographic groups. Pro..

  Assume that the trader from the previous problem decides to

assume that the trader from the previous problem decides to borrow from or invest in the money-market the cost or

  What would be the fair premium

What would be the fair premium for a one-year insurance policy with a $2,000 annual aggregate deductible and a $200,000 annual aggregate limit if the policyholder has the following probability distribution for annual losses

  Should the cemetery business be started

The company is somewhat unsure about the assumption of a 6 % growth rate in its cash flows. At what constant growth rate would the company just break even if it still required a 13 % return on investment?

  A bond that a 1000 par value face value and a contract or

a bond that a 1000 par value face value and a contract or coupon interest rate is 10.9.nbsp the bonds have a current

  Managing currency risk-general gadget coconut scrapers

General Gadget Corp. (GGC) is U.S.-based multinational firm which makes electrical coconut scrapers. Assume that GGC begins manufacturing its products in Trinidad using local (Trinidadian) inputs and labor. How does this affect its exchange rate r..

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