Probability of incomes by chebyshev theorem

Assignment Help Basic Statistics
Reference no: EM1399007

The mean income of a group of sample observations is $500; the standard deviation is $40. According to Chebyshev's theorem, at least what percent of the incomes will lie between $400 and $600?

Reference no: EM1399007

Questions Cloud

Propose an experiment that might be used to test hypothesis : A nutrition student observes that people who skip breakfast tend to be overweight more often than people who eat breakfast every day. He hypothesizes that people who skip breakfast get hungry later in the day and overeat, actually consuming more t..
Settlement agreement - business law problem : Federal Land Bank (FLB) filed an action to foreclose a mortgage on property owned by Howard and Harriet Franklin. Before trial, FLB's attorney wrote to the Franklin's attorney inviting settlement offers.
Discuss the target market and explain why these customers : Discuss the target market and explain why these customers will be targeted4. Express the market position for your product and service. Support your recommendation with at least 2 reference sources
What is the voltage of side b relative to side a : Two solutions are separated by a semipermeable membrane that is permeable to sodium but not chloride or potassium ions. Solution A on the left contains a solution that is 100 mM NaCl, while Solution B on the right has a concentration of sodium chl..
Probability of incomes by chebyshev theorem : The mean income of a group of sample observations is $500; the standard deviation is $40. According to Chebyshev's theorem, at least what percent of the incomes will lie between $400 and $600?
Illustrate what terminal values and instrumental value : Illustrate what 2 or 3 terminal values and instrumental values do you feel Goldhirsh possessed? Explain why do you think they accurately express him? Would you like to work with a manager like Goldhirsh? Explain why? Explain how do you think his ..
What are the forces that tend to prevent us from turning : The fouling of our air, water, and food supply is a problem for humanity and also for the entire biosystem.
Describe the distribution of the x-bars : Describe the distribution of the x-bars that you see in part b (shape of distribution, center, and the amount of dispersion).
Means and probability-queuing theory : In the Willow Brook National Bank waiting line system (see Problem 1), assume that the service times for the drive-up teller follow an exponential probability distribution with a service rate of 36 customers per hour or 0.6 customer per minute.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Idea of least squares

What is the idea of "least squares"? What is the connection between "least squares" and linear regression?

  Probability concept

What is the probability of finding 1 or more children with chronic bronchitis in a population where the incidence rate of chronic bronchitis is 10% (like the one above?)

  Regression and correlation-abused tools in research

Regression and Correlation are two of the most often used and abused tools in research. People are quick to jump to conclusions that if a relationship exists between two variables, then one must cause (causation) the other. There are many reasons ..

  Differences in the proportions

Determine whether the difference in proportions is significant at the 0.05 level.

  Level of shutting down production

A manufacturer of a chemical used in glue, attempting to control the amount of a hazardous chemical its workers are exposed to, has given instructions to halt production if the mean amount in the air exceeds 3.0 ppm.

  Normal distributions-mean and standard deviation

Suppose that the population of heights of male college students is approximately normally distributed with mean m of 68 inches and standard deviation s of 3.75 inches.

  Chi-square test for alcohol consumption

At α = 0.10, can the researcher conclude that alcohol consumption is related to sex?  What kind of Chi-Square test is this?

  Tightening managerial control over the company

A motor transport company has 50 similar buses. The management suspects that its control of these vehicles is inadequate. What suggestions could you make for investigating vehicle use, and tightening managerial control over the company?

  Confidence-interval level

Increasing the confidence-interval level from .95 to .99

  Determining confidence interval for mean ph in rainfall

Determine a 99% confidence interval for mean pH in rainfall.  How would you distinguish interval?

  Descriptive statistics for specific data

The dealership would now like some general information based on the entire sample of vehicles. Calculate and explain the following:

  Average response times of fire departments to fire calls

The Federal Government is stepping up efforts to reduce average response times of fire departments to fire calls. The distribution of mean response times to fire calls follows a normal distribution with a mean of 12.8 minutes and a standard deviat..

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