What is the probability that a randomly selected student

Assignment Help Business Economics
Reference no: EM132232542

Assume we are interested in looking at GRE scores of students admitted to graduate schools. Suppose GRE scores are Normally distributed with an average of 317 and a standard deviation of 11.5 points. Suppose we take a sample of 15 admitted students.

a. What is the probability that a randomly selected student will have a GRE score above 325?

b. What is the probability that a randomly selected student will have a GRE score under 312?

c. What is the probability that a randomly selected student will have a GRE score between 310 and 320?

d. What is the probability that the average GRE score from our sample of 15 students will be above 320?

e. What score defines the lowest 7.93% of the distribution for an individual student?

f. What score defines the highest 34.09% of the distribution for an individual student?

Reference no: EM132232542

Questions Cloud

Evaluate the quality of the machine : The algorithm was run repeatedly to evaluate the quality of the machine. How many unstable runs can there be with a 1% chance of final run is stable?
What is the expected number of scd patients : What is the expected number of SCD patients in 10000 volunteers? What is the approximated probability of that less than 98 volunteers have the disease?
Suppose i want to survey a group of students : Suppose I want to survey a group of students about their thoughts on online classes. I decide to look at all 5 of my classes
Discuss sqlmap and database takeover : Discuss sqlmap, an automated tool for sql injection and database takeover in 500 words or more. How does it work? Where do you get it? How much does it cost?
What is the probability that a randomly selected student : What is the probability that a randomly selected student will have a GRE score above 325?
Find the average ride time : The following information was gathered about the time of the rides for the bike share data.
What are some advantages to your methods : According to Kirk (2016), The essence of "Formulating Your Brief" is to "identify the context in which your work will be undertaken and then define its aims.
What is the probability linda lahey : What is the probability Linda Lahey, company president, received exactly 1 email between 4pm and 5 pm yesterday?
What is the probability of rolling 3 twos : What is the probability that one card selected from a deck of 52 is a club or a number card or both?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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