What is approximate distribution for mean number of miles

Assignment Help Basic Statistics
Reference no: EM131416821

A rental car company has noticed that the distribution of the number of miles customers put on rental cars per day is somewhat skewed to the right, with an occasional high outlier. The distribution has a mean of 80 miles and a standard deviation of 50 miles.

a. Draw a picture of a normal curve with this mean and standard deviation (80 miles and 50 miles), and use the information in the picture to verify that the distribution of number of miles must be skewed to the right and/or have occasional high outliers rather than being normally distributed.

b. What is the approximate distribution for the mean number of miles per day put on a typical one of the company's rental cars in a year (365 days)?

c. What is the approximate distribution for the total number of miles put on a typical one of the rental cars in a year (365 days)?

d. Do you think the necessary conditions for the approximate normality of the sampling distribution in part (b) are met in this situation? Explain.

Reference no: EM131416821

Questions Cloud

Determining the smooth vector ?eld : Suppose F is a smooth vector ?eld such that div F = O at every point in R3. Show that if S is any closed surface, oriented outward, then ffs F - d8 = 0.
Explain which one is more likely to be used in practice : Explain the difference between the standard deviation of the sampling distribution of the mean and the standard error of the mean. Explain which one is more likely to be used in practice and why.
Scan the external environment for opportunities and threats : Being up to date with current events is an important part of becoming a business professional. In marketing, it is part of an important responsibility to continuously scan the external environment for opportunities and threats
Calculate the ?ux integral of f across : Let F(:r,y) = mi + 2yj + 32k. Calculate the ?ux integral of F across S, where S is the cube with vertices (:l:1, :l:1, :l:1), oriented outward. Do this computation directly, without using the Divergence Theorem (though you are free to use it to che..
What is approximate distribution for mean number of miles : What is the approximate distribution for the mean number of miles per day put on a typical one of the company's rental cars in a year (365 days)?
Create a new product that would appeal to your market : Create a report and include the following information:Choose the target market for your product, and describe your target market in detail.Create a new product that would appeal to your market.
Does given comparison involve paired data : The mean grade point averages of the two groups are compared. Does this comparison involve paired data or data from two independent samples?
What is the equilibrium expected growth rate : Bay Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D = $1.25). The stock sells for $21.50 per share, and its required rate of return is 10.5%. The dividend is expected to grow at some constant rate, g, forev..
Give a conclusion that yields a valid argument : How do you answer this: Let d be "it is a duck" p be "it is my poultry" o be "one is an officer" and w be "one waltzes" a. No ducks waltz

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!

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