Probability that a randomly selected

Assignment Help Finance Basics
Reference no: EM131055855

Assume that IQ is normally distributed, with mean 100and standard deviation 15.(a) What is the probability that a randomly selected personsIQ is over 120?(b) Find the values of Q1, Q2, and Q3 for IQ.(c) Find the values of lower = Q1 - 1.5(Q3 - Q1) andupper = Q3 + 1.5(Q3 - Q1) for IQ. Recall that these were cutoffs for outliers.(d) Find the probability of an outlier for IQ for a single person based on your values for (c).(e) If we randomly selected 10 people, what is the probability their average IQ is over 105?

Reference no: EM131055855

Questions Cloud

Question regarding the p-value for hypothesis test : Is there evidence that a clear majority of the population will vote for the Democratic candidate? To answer this, they will test the hypotheses H0: p = 0.50 versus Ha: p > 0.50. If n = 1200 and X = 640, what is the P-value for this hypothesis test..
Is it merely a function of style : 1 Social Media: This is THE Future . . . Is it going to be a good one? 2. Clarity: Is it merely a function of style?
Explain the impact the law of diminishing marginal returns : Explain the impact the law of diminishing marginal returns has on both marginal cost and average total cost - With the aid of a diagram explain the long run average cost curve and the influences upon it.
Global warming delusions : Global warming doesn't matter except to the extent that it will affect life -- ours and that of all living things on Earth. And contrary to the latest news, the evidence that global warming will have serious effects on life is thin. Most evidence ..
Probability that a randomly selected : Assume that IQ is normally distributed, with mean 100and standard deviation 15.(a) What is the probability that a randomly selected personsIQ is over 120?
Question regarding the population standard deviation : Past experience indicates that monthly data use from mobiles is normally distributed with a mean of 320 MB and a population standard deviation of 128 MB. After an advertising campaign aimed at showing the benefits of a new nationwide 4G network, t..
Distribution of the test statistic : Suppose a data set of 33 observations has a sample mean of -242.38 and a sample standard deviation of 65. Assume we are interested in whether the data is statistically different from -215 at the 5% level of significance. Q1. What is the distributi..
How approach implementation of a risk management strategy : Using the recommended readings, your textbook, and additional research, construct an essay that addresses how you would approach the implementation of a risk management strategy based on recommendations found in Strategy for a National EMS Culture..
Computing the standard deviation : In a particular state, a major flood happens once every 3 years on average. If you can assume floods are independent, and that two floods cannot happen simultaneously, find the following:

Reviews

Write a Review

Finance Basics Questions & Answers

  Total cost recovery deduction for the year

John purchased three new front loaders on January 15, 2014 for $550,000 and elects section 179 expensing on the front loaders. He also purchased a dump truck on January 18, 2014 for $80,000. He elects to take additional first year depreciation on ..

  Classify each item as an asset liability common stock

classify each item as an asset liability common stock revenue or expense.a issuance of ownership sharesb land

  Question regarding the types of investments

In a PowerPoint presentation of 8 to 10 slides, provide your client with an overview of each of these types of investments. The presentation should be concise so that it does not overwhelm her.

  Suppose you have 2000 and plan to purchase a 10-year

suppose you have 2000 and plan to purchase a 10-year certificate of deposit cd that pays 6.5 interest compounded

  Geometric average annual total returns

Describe how and why it differs from the average (mean) period-by-period return to the fund over the 2010-2012 period - evaluate both the arithmetic and geometric average annual total returns for the 2010-12 period?

  Which is the value of overland common stock overland has

which is the value of overland common stock? overland has just paid a dividend of 2.39. these dividends are expected to

  Expected level of sales for the year

Griswold Electronics expects sales next year to be $3,000,000 if the economy is strong, $1,200,000 if the economy is steady, and $800,000 if the economy is weak. The Griswold's are predicting a 35% probability the economy will be strong, a 50% pro..

  Tangier manufacturings common stock has a beta of 18 if the

tangier manufacturings common stock has a beta of 1.8. if the expected risk free return is 5 and the expected return on

  How do you define working capital what may happen if an

how do you define working capital? what may happen if an organization neglected to manage its working capital? what

  Research an issue described above and analyze possible

i explore local issues in your community that affect the education of diverse students. possible issues may include but

  Five year project pre-startup costs of new equpment

Five year project Pre-startup costs of new equpment(assume 5 uear SL) $ 200,000 Investment in market research, done last year $ 100,000 Incremental sales revenue( Year 1-5) $ 750,000 Gross Margin on..

  Determine the percentage change of the euro

Three years ago the us dollars equivalent of a foreign currency was $1.2167? today, the us dollars equivlent of a foregin currency is$1.3310. determine the percentage change of the euro between the two year dates.

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