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Given that the average finishing time at the 2017 Australian inline marathon was approximately 2 hours and 24 minutes. The standard deviation was approximately 32.5 minutes. Assume the finishing times are normally distributed.
1) If a skater wants to finish in the top 10% of the fastest times, what time does the skater need? Fastest 10% are those with LOW times.
2) What is the probability of finishing in less than 1 hour and 50 minutes?
3) What is the probability of finishing in exactly 144 minutes?
4) What is the probability of finishing in more than 2 hours and 15 minutes?
The production manager uses a DSS to make decisions about what to do. The maximum attainable profit is required. Develop a simple DSS prototype to solve this problem. a. How many of each kind of bike should be ordered? b. What is the total profit r..
A college class believes that the average grade average of psychology students and the average grade averages of biology students are different.
According to an article in Bloomberg Businessweek, New York City's most recent adult smoking rate is 14%. Suppose that a survey is conducted to determine.
in a study of 299188 cell phone users it was found that 97 developed cancer of the brain or nervous system. assuming
In conducting a survey of adults, a pollster claims that he randomly selected 50 subjects, 3 were men. Is this statistically significant?
Approval rating. A newspaper reports that the governor's approval rating stands at 65%. The article adds that the poll is based on a random sample of 972 adults and has a margin of error of 2.5%. What level of confidence did the pollsters use?
Compute the Facebook's expected daily return and the standard deviation using its realized return from May 18, 2014 to Dec 31,2017.
A currency trader observes that in the spot exchange market, 1 U.S. dollar can be exchanged for 9 Mexican pesos or for 111.23 Japanese yen. What is the cross-exchange rate between the yen and the peso
A random sample of 60 balls selected with replacement from the box showed that 70% were red. Find the 95% confidence limits for the actual proportion of red bal
suppose that the random variable y is an observation from a normal distribution with unknown meannbspmu and variance
A basketball player claims to make 47% of her shots from the field. We want to simulate the player taking sets of 10 shots, assuming that her claim is true.
STATISTICS ASSIGNMENT. EMPIRE STATE COLLEGE. Problem - Consumer: Radon Gas - Find the sample standard deviation, coefficient of variation, and the range
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