Find the maximum and minimum prices of the cars

Assignment Help Econometrics

Reference no: EM13233314

Reading Improvement Program to helpstudents improve their reading, a school district decides toimplement a reading program. It is to be administered to the bottom5% of the students in the district, based on the scores on areading achievement exam. If the average score for the students inthe district is 122.6, find the cutoff score that will make astudent eligible for the program. The standard deviation is 18.Assume the variable is normally distributed.

Used Car Prices an automobiledealer finds that the average price of a previously owned vehicleis $8256. He decides to sell cars that will appeal to the middle60% of the market in terms of price. Find the maximum and minimum prices of the cars the dealer will sell. The standard deviation is$1150, and the variable is normally distributed.

High School Competency Test amandatory competency test for high school sophomores has a normaldistribution with a mean of 400 and a standard deviation of100.

a) The top 3% of students receive $500. What is the minimum score you would need to receive this award?

b) The bottom 1.5% of students must go to summerschool. What is the minimum score you would need to stay out of this group?

Cost of Groceries If aone-person household spends an average of $40 per week ongroceries; find the maximum and minimum dollar amounts spent perweek for the middle 50% of one-person households. Assume that thestandard deviation is $5 and the variable is normallydistributed.

Security Officer Stress Tolerance to qualify for security officers' training, recruits istested for stress tolerance. The scores are normally distributed,with a mean of 62 and a standard deviation of 8. If only the top15% of recruits are selected, find the cutoff score.

Reference no: EM13233314

Questions Cloud

Review of available dc circuit breaker technology : Review of available DC circuit breaker technology for EV applications. Limitation and their principle of operation and implementation of a simulation model of the selected DC circuit breaker.

Determine the speed of the first ball after the collision : A 2.0 kg ball moving with a speed of 3.0 m/s hits, elastically, an identical stationary ball as shown. If the first ball moves away with angle 30° to the original path

How was hitler involved in army affairs : How was Hitler involved in army affairs during operation Barbarossa and the Battle of Stalingrad?

Identify and discuss five differences between service : Identify and discuss five differences between service and manufacturing organizations.

Find the maximum and minimum prices of the cars : Used Car Prices an automobiledealer finds that the average price of a previously owned vehicleis $8256. He decides to sell cars that will appeal to the middle60% of the market in terms of price. Find the maximum and minimumprices of the cars the..

Important in the election : Many European countries have had elections over the past year, including Britain, Belgium, the Netherlands, etc…Choose an election that has occurred in the past 2 years.

Compute the expectation value for the kinetic energy : Calculate the expectation value for the kinetic energy of the H atom with the electron in 2s orbital. Compare your result with total energy

Identify three human resource practices : Identify three human resource practices that can impede customer service employees from delivering high quality service. Describe how you would modify each practice to promote high quality service.

The set binary divisible by 4 when interpreted as an integer : The set of binary strings which are divisible by 4 when interpreted as an integer value

User Account

All Pages