Normal distribution to approximate the binomial distribution

Assignment Help Accounting Basics
Reference no: EM13916820

1. Assume the speed of vehicles along a stretch of I-10 has an approximately normal distribution with a mean of 71 mph and a standard deviation of 8 mph.

a. The current speed limit is 65 mph. What is the proportion of vehicles less than or equal to the speed limit?

b. What proportion of the vehicles would be going less than 50 mph?
c. A new speed limit will be initiated such that approximately 10% of vehicles will be over the speed limit. What is the new speed limit based on this criterion?

d. In what way do you think the actual distribution of speeds differs from a normal distribution?

2. A group of students at a school takes a history test. The distribution is normal with a mean of 25, and a standard deviation of 4. (a) Everyone who scores in the top 30% of the distribution gets a certificate. What is the lowest score someone can get and still earn a certificate? (b) The top 5% of the scores get to compete in a statewide history contest. What is the lowest score someone can get and still go onto compete with the rest of the state?

3. Use the normal distribution to approximate the binomial distribution and find the probability of getting 15 to 18 heads out of 25 flips. Compare this to what you get when you calculate the probability using the binomial distribution. Write your answers out to four decimal places.

Use the following information to answer the next two exercises:
The patient recovery time from a particular surgical procedure is normally distributed with a mean of 5.3 days and a standard deviation of 2.1 days.

4. What is the median recovery time?
a. 2.7
b. 5.3
c. 7.4
d. 2.1

5. Height and weight are two measurements used to track a child's development. The World Health Organization measures child development by comparing the weights of children who are the same height and the same gender. In 2009, weights for all 80 cm girls in the reference population had a mean μ = 10.2 kg and standard deviation σ = 0.8 kg. Weights are normally distributed. X ~ N(10.2, 0.8). Calculate the z-scores that correspond to the following weights and interpret them.

a. 11 kg
b. 7.9 kg
c. 12.2 kg

6. Suppose that the distance of fly balls hit to the outfield (in baseball) is normally distributed with a mean of 250 feet and a standard deviation of 50 feet.

a. If X = distance in feet for a fly ball, then X ~ _____(_____,_____)

b. If one fly ball is randomly chosen from this distribution, what is the probability that this ball traveled fewer than220 feet? Sketch the graph. Scale the horizontal axis X. Shade the region corresponding to the probability. Find the probability.

c. Find the 80th percentile of the distribution of fly balls. Sketch the graph, and write the probability statement.

7. Facebook provides a variety of statistics on its Web site that detail the growth and popularity of the site.

On average, 28 percent of 18 to 34 year olds check their Facebook profiles before getting out of bed in the morning. Suppose this percentage follows a normal distribution with a standard deviation of five percent.

a. Find the probability that the percent of 18 to 34-year-olds who check Facebook before getting out of bed in the morning is at least 30.

b. Find the 95th percentile, and express it in a sentence.

8. Suppose that the distance of fly balls hit to the outfield (in baseball) is normally distributed with a mean of 250 feet and a standard deviation of 50 feet. We randomly sample 49 fly balls.

a. If X ¯ = average distance in feet for 49 fly balls, then X ¯ ~ _______(_______,_______)

b. What is the probability that the 49 balls traveled an average of less than 240 feet? Sketch the graph. Scale the horizontal axis for X ¯ . Shade the region corresponding to the probability. Find the probability.

c. Find the 80th percentile of the distribution of the average of 49 fly balls.

9. Which of the following is NOT TRUE about the distribution for averages?

a. The mean, median, and mode are equal.

b. The area under the curve is one.

c. The curve never touches the x-axis.

d. The curve is skewed to the right.

10. A typical adult has an average IQ score of 105 with a standard deviation of 20. If 20 randomly selected adults are given an IQ test, what is the probability that the sample mean scores will be between 85 and 125 points?

Reference no: EM13916820

Questions Cloud

Assets placed into service early in the year : a calendar year taxpayer placed in service $100,000 of five-year recovery property. If this was in addition to another $250,000 of assets placed into service early in the year, it will be subject to:
Administrative assistants : The corporate office has two office administrative assistants who are paid salaries of $56,000 and $40,000 annually.
Has it created any sustained competitive advantages : What is the effectiveness of CPK's' strategy in the light of its internal strengths and weaknesses, and external threats and opportunities?.
Trademarks on its balance sheet : As of December 31, 2012, NPR, Inc. has patents and trademarks on its balance sheet. NPR has decided it does not want to use the qualitative assessment option for impairment testing on its trademark for US GAAP.
Normal distribution to approximate the binomial distribution : Assume the speed of vehicles along a stretch of I-10 has an approximately normal distribution with a mean of 71 mph and a standard deviation of 8 mph.
What is probability that a car produce last week is brown : A car company makes two models that come in three colors. The following table shows the production volume for last week: What is probability that a car produce last week is Brown
What are the advantages and disadvantages of integration : What are the advantages and disadvantages of integration? Select two points touching upon the advantages and two points touching upon the disadvantages of integration.
One of the reasons joseph schumpeter argued : One of the reasons Joseph SchumPeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk taking entrepreneurship in favor of low risk managerial strategies. Has this happened? Have major ..
Prepare a list summarizing your findings in your own words : From three companies or organizations, investigate specific restrictions. What do these organizations allow and restrict? Prepare a list summarizing your findings in your own words.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What information regarding the asian rim region should the

the president of eastvaco is considering recommending to the board of directors expanding into the asian market. he

  Personal property concepts

Faye owns the land on which Golden Spurs Ranch is situated, plus the ranch house, barn, and other structures permanently attached to the land. Faye's brother Huey owns everything else in the ranch's operation--livestock, feed, and so on. The perso..

  Straightforward net-present-value-payback computations

STL Entertainment is considering the acquisition of a sight-seeing boat for summer tours along the Mississippi River. The following information is available:

  Calculate the book value of the machine at the end of year

A machine that cost $ 400,000 has an estimated residual value of $ 40,000 and an estimated useful life of four years. The company uses double- declining- balance depreciation. Calculate its book value at the end of year 3. Round to the nearest dollar..

  On january 1 durkin limited issues 9 20 year bonds payable

on january 1 durkin limited issues 9 20 year bonds payable with a maturity value of 70000. the bonds sell at 97 and

  Discussing accounting report criteria

Make a brief response in which you outline some examples of accounting report criteria (regulatory environment, issues with foreign currency, differences in GAAP, etc.) employed by a U.S.

  Compute the net cost of the new oven

If the old oven is sold for $10,000, compute the net cost of the new oven.

  Analyze the effects of the preceding events on the

angela peters practiced law with a partnership for 10 years. recently she opened her own law office which she operates

  Compute the amount of a lease payment where a five 5 year

compute the amount of a lease payment where a five 5 year lease is signed on april 24 2014 and is to be repaid in

  Methods of analysis

Using your text and at least one scholarly source, prepare a two to three page paper, in APA format, and evaluate the three methods of analysis: Horizontal, vertical, and ratio as explained in your course textbook.

  He company expects to sell about 35 of its merchandise for

the treasure of unisyms company has accumulated the following budget information for the first two months of the coming

  The operations of tony lobianco company

Carlos Arruza Company exchanged equipment used in its manufacturing operations plus $10,164 in cash for similar equipment used in the operations of Tony LoBianco Company. The following information pertains to the exchange.

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