Whats probability that randomly selected ayrshire gives

Assignment Help Basic Statistics
Reference no: EM131419711

Although most of us buy milk by the quart or gallon, farmers measure daily production in pounds. Ayrshire cows average 47 pounds of milk a day, with a standard deviation of 6 pounds. For Jersey cows, the mean daily production is 43 pounds, with a standard deviation of 5 pounds. Assume that Normal models describe milk production for these breeds.

a) We select an Ayrshire at random. What's the probability that she averages more than 50 pounds of milk a day?

b) What's the probability that a randomly selected Ayrshire gives more milk than a randomly selected Jersey?

c) A farmer has 20 Jerseys. What's the probability that the average production for this small herd exceeds 45 pounds of milk a day?

d) A neighboring farmer has 10 Ayrshires. What's the probability that his herd average is at least 5 pounds higher than the average for the Jersey herd?

Reference no: EM131419711

Questions Cloud

What should the price of the stock be : ABC corp paid its last dividend at $10.00. If it has a constant growth rate of 7% and its owners require a return of 15%, what should the price of the stock be?
Describe the components of the team-building cycle : Describe the components of the team-building cycle (Problem Identification, Data Gathering, Data Analysis, Action Planning, Implementation, and Evaluation)
What was the firm''s cash flow to creditors during 2010 : The 2010 income statement showed an interest expense of $195,000. What was the firm's cash flow to creditors during 2010?
What should she pay for this bond : The current market yield to maturity for these bonds is 12% annually. If the coupon is paid four times a year (quarterly) what should she pay for this bond?
Whats probability that randomly selected ayrshire gives : What's the probability that a randomly selected Ayrshire gives more milk than a randomly selected Jersey?- A farmer has 20 Jerseys. What's the probability that the average production for this small herd exceeds 45 pounds of milk a day?
What should you pay for the bonds now : Happy Cruise lines issued bonds 5 years ago with par $1000 and a 20 year life when issued. At that time the coupon rate was 12%. Now 5 years later the current market rate for these bonds is only 10%. What should you pay for the bonds now?
Discuss why you made the team decisions you did : You should relate your analysis to your team's overall strategy, discuss why you made the team decisions you did, discuss the results, and discuss the short- and long-term business and financial implications of your decisions.
Construct the current balance sheet reflecting the changes : The company generated $7 million in net income and paid $2.5 million in dividends. Construct the current balance sheet refl ecting the changes that occurred at Information Control Corp. during the year.
And is it sold at a discount or premium : Little Oil Co. is offering a $1000 par bond with a 7% coupon. The bonds will mature in 15 years. If the current market rate for these kinds of bonds is 6% what will the bond sell for? And is it sold at a discount or premium?

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