What is the expected pay rate for your friend

Assignment Help Basic Statistics
Reference no: EM13925874

1. Given the following sample of 10 high temperatures from March: 55, 60, 57, 43, 59, 66, 72, 65, 59, 47.

a. Determine the mean.
b. Determine the median.
c. Determine the mode.
d. Describe the shape of the distribution.
e. Determine Q1, Q2, Q3 and IQR.

2. The contingency table shows classification of students in a Statistics class.

From NJ
From PA

GPA at least 3.0
15
5
20
GPA below 3.0
45
35
80

60
40
100

a. If a student is selected at random, what is the probability that he/she is from NJ?
b. If a student is selected at random, what is the probability that he/she has a GPA below 3.0?
c. If we know that the student is from PA, what is the probability that he/she has a GPA of at least 3.0?
d. If a student is selected at random, what is the probability that he/she is from NJ and has a GPA below 3.0.
e. If a student is selected at random, what is the probability that he/she from PA and has GPA of at least 3.0.

3. Your friend is applying for 4 jobs. The hourly pay rate for the 4 jobs are, $8, $12, $15, $20. The probability distribution below shows the probability of getting each of these jobs:

Job Pay Rate, X     Probability, P(X)

8                                 .30
12                               .20
15                               .40
20                               .10

a. What is the probability that your friend will get a job paying at least $15/hour?
b. What is the expected pay rate for your friend?

4. It is known that 31% of cars are considered gas hogs (i.e. they give less than 15 mpg). If we select 20 cars at random:

a. What is the probability that exactly 4 will be gas hogs?
b. What is the probability the at least 4 but not more than 7 will be gas hogs?
c. How many cars are most likely to be gas hogs?

5. You ask all 200 students at school how much money they have in their pockets. The amount ranges from $0 to $130. You determine the mean to be $56.40 with standard deviation of $8.40. You believe that the amount is normally distributed.

a. If you pick a person at random, what is the probability that he/she has at least $45?
b. What percentage of the students will have between $40 and $50 in their pockets.
c. If you pick a person at random, what is the probability that he/she has either less than $30 or more than $70.
d. Approximately how many people in the class do you expect to have at least $65?
e. We want to identify the students with top 10.5% amounts as "rich". What is the minimum dollar amount the students in this group would need in their pockets.

6. Assume that on the third exam in a calculus course, the average score over the years has been 72 with a standard deviation 12. You are currently taking the course and there are 25 students in the class?

What is the probability that the mean score for your class will be greater than 75?
What is the probability that the mean score for your class will be between 68 and 70?

7. A sample of 25 days in summer yields an average high temperature of 80 with a standard deviation of 12.

a. Give a point estimate of the true mean of the high temperature.
b. Find a 99% confidence interval for the average high temperature for the summer.
c. How big a sample do we need if we want to be 90% confident of being within 7 degrees of the population mean?

8. A sample of 100 exams yielded an average grade of 82 and standard deviation of 14. Find a 95% confidence interval for the average exam grade.

9. Heights of aliens from Mars are known to be normally distributed with a population standard deviation of 9 inches. How big a sample do we need to take if we want be 95% confident that our error will not exceed 3 inches?

10. Preliminary studies have shown that 20% of the voters might be willing to vote for Sran for President.

a. Construct a 90% confidence interval for the proportion of voters who would be willing to support Sran.
b. Before entering the race, Sran would like to conduct a poll to check his level of support. How big should be the sample be if he wants to be 95% sure that the error is no more than 2%?

11. The average weight of men joining a gym has historically been 170 pounds with a standard deviation of 27. The owner feels that the average weight has now decreased to less than 165 pounds. To support his claim, the owner conducts a sample of 25 men and finds their average to be 153. He would like to use a significance level of .05 to test his claim.

a. State the null hypothesis.
b. State the alternate hypothesis.
c. Will you use z or t distribution for this problem?
d. Is this a two-tail test or a one-tail test? Draw a normal curve representing the problem.
e. Determine the critical value.
f. Determine the rejection region.
g. Calculate the test statistic.
h. Would you accept or reject the owner's claim? Explain.

12. The average score on a certain college entrance test has been known to be 240. The dean of a university feels that this has changed. He conducts a sample of 25 students to test his claim. The sample yields an average of 232 with a standard deviation of 25. He would like to use a significance level of .10.

a. State the null hypothesis.
b. State the alternate hypothesis.
c. Will you use z or t distribution for this problem?
d. Is this a two-tail test or a one-tail test? Draw a normal curve representing the problem.
e. Determine the critical value.
f. Determine the rejection region.
g. Calculate the test statistic.
h. Would you accept or reject the dean's claim?

13. A presidential candidate states that she currently has exactly 30% of the vote. A newspaper thinks that this number is inaccurate. So it conducts a sample 500 voters and finds 175 people support the candidate. The newspaper would like to test its claim using .05 significance level.

a. State the null hypothesis.
b. State the alternate hypothesis.
c. Will you use z or t distribution for this problem?
d. Is this a two-tail test or a one-tail test? Draw a normal curve representing the problem.
e. Determine the critical value.
f. Determine the rejection region.
g. Calculate the test statistic.
h. Would you accept or reject the newspaper's claim?

Reference no: EM13925874

Questions Cloud

What would you describe as the strengths in your writing : Describe a writing assignment (for either school or work) where you spent time proofreading your draft. Did your writing improve after you looked at your draft a second time? What kinds of changes did you make before turning it back to your instru..
Are you afraid of stress or stressful situations : What might be holding you back from taking a giant step into leadership or management at a higher level in which you currently are serving? Are you afraid of stress or stressful situations
Exchange-traded stock option : Suppose you own 5,000 shares that are worth $25 each. How can put options be used to provide you with insurance against a decline in the value of your holding over the next four months?
Determine your cash flow as a percent of notional principal : Determine your cash flow as a percent of the notional principal at each payment date under this arrangement. Assume for simplicity that each period is 180 days and that there are 360 days in the year.
What is the expected pay rate for your friend : a. What is the probability that your friend will get a job paying at least $15/hour? b. What is the expected pay rate for your friend?
What has been done to counteract human interference : How does our love of art and history hinder preservation, whether intentional or not? How can our enjoyment of art and history destroy evidence of historic context for an artwork?
Show how it can use currency swaps to maintain its position : Show how it can use currency and equity swaps to maintain its position in the plain vanilla euro swap and convert its overall position to the one desired.
What is the total amount of current liabilities at december : What is the total amount of current liabilities at December 31,2013?
Which one has been the most eye-opening of them all and why : How have the assessments you have completed during this course served to make you self-reflect and consider areas for improvement? Which one has been the most eye-opening of them all and why

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