User Account

All Pages

Dollar amounts for loans made to earthquake victims

Assignment Help Basic Statistics
Reference no: EM132045121

1. The dollar amounts for loans made to earthquake victims are normally distributed with a mean of $6,000 and a population standard deviation of $1,200.

2. If thirteen of these loans are randomly selected, what is the probability that the sample variance will be less than 528,000?

3. Suppose that we randomly sample 60 of these loans. What is the probability at least 53 of these will have a dollar amount of $7,333 or less?

Reference no: EM132045121

Questions Cloud

What is the terminal cash flow for project : What is the terminal (or non-operating) cash flow for the project?
What it its resulting retained earnings balance : The firm has an interest expense of $300,000 and depreciation of $200,000; it has no amortization. What is its EBITDA?
What cultural factors are related to chronic hypertension : A researcher is studying factors related to hypertension. Which research question would benefit from a qualitative research approach?
Covariance between the portfolio and the market index : What is the covariance between the portfolio and the market index? What is the standard deviation of portfolio Q?
Dollar amounts for loans made to earthquake victims : The dollar amounts for loans made to earthquake victims are normally distributed with a mean of $6,000 and a population standard deviation of $1,200.
Distribution of the sample proportion of returns : Suppose that 70?% of all tax returns lead to a refund. A random sample of 100 tax returns is taken
What is the probability for a sample of 1 observation : Find the probability that the sample mean fuel consumption will be fewer than 27 miles per gallon if samples of 1?, 4 and 9 are taken.
General and special laws of multiplication : How do you calculate joint probabilities of both independent and dependent events using the general and special laws of multiplication.
What is the change in net working capital : At the same time accounts payable will increase by $50,000, accruals by $10,000 and long term debt by $100,000. What is the change in net working capital?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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