Find out the average and probability, Basic Statistics

Assignment Help:

Question 1:     

(a)  The time it takes to deliver a pizza after an order is placed is uniformly distributed between 20 and 50 minutes. What is the probability that a pizza will be delivered within half-an-hour after an order is placed?                                                                                                                                           

(b)  After completing a study, the Chicago O'Hare Airport managers have concluded that the time needed to get passengers loaded onto an airplane is normally distributed with a mean equal to 15 minutes and a standard deviation equal to 3.5 minutes.  Recently an Airbus A380 airplane required 22 minutes to get passengers on board and ready for take off. What is the probability that a flight will take 22 minutes or more to get passengers loaded?                                                                                                           

(c) The Haines Internet Services Company has determined that the number of customers who attempt to connect to the Internet per hour is Poisson distributed with a mean of 30 per hour.  The time between connect requests is exponentially distributed. Because of the system that Haines uses, if customer requests are too close together - 45 seconds or less - the connection will fail. Find the probability that a customer will fail to connect.

Question 2:                                                                                          

(a) The Commonwealth Bank Property Guide shows that the median value of houses in the New South Wales Hunter region in August 2008 was $261,000.  Suppose that the mean price was $276,000 and standard deviation of prices was $80,000. If you take a random sample of 100 houses, what is the probability that the sample mean will be less than $270,000? What assumptions did you have to make?    

(b) Skilled migrants accounted for 43% of all permanent arrivals to Australia in 2006-07. In comparison, Family Stream migrants accounted for 26% and Humanitarian Program migrants contributed 9%. Suppose a government department is conducting a follow-up study and randomly selects 60 migrants who arrived in the above period. What is the probability that more than 45% of the people in the sample are skilled migrants?                                                                                                                                                                                 

(c) Suppose that the population size is 500 and sample size is 50. Do you apply the finite population correction factor in calculating the standard error if the sampling is done with replacement?                               

Question 3:                                                                                                 

(a) The data below represent the lowest daily rate in NZ$ for a double room in a sample of motels and motor lodges in 20 New Zealand cities and towns in January 2008.                                         

City/Town

Room cost

 

City/Town

Room cost

Lake Taupo

130

 

Hamilton

140

Whitianga

110

 

Waitomo

80

Auckland

120

 

Whangarei

115

Paihia

90

 

Russell

115

Wellington

110

 

Kerikeri

85

Tauranga

79

 

Havelock North

115

New Plymouth

115

 

Thames

115

Hastings

115

 

Palmerston North

130

Napier

99

 

Wanganui

95

Gisborne

130

 

Rotorua

100

Construct a 95% confidence interval for the population mean lowest room rate.           

(b)  The Parental Leave Survey, carried out by University of Queensland researchers, collected information from 3,500 families with young children. It found that 26% of the mothers used some paid maternity leave, of which 18% used it at half-pay to double the duration. Construct a 95% confidence interval for the proportion of mothers taking paid maternity leave who wish to receive it at half-pay so as to lengthen the duration.  

(c)  Explain (including functions and arguments) what the following command in Microsoft Excel will find:

=AVERAGE(A2:A20) + TINV(0.05, ROWS(A2:A20-1))*STDEV(A2:A20)/SQRT(ROWS(A2:A20))       


Related Discussions:- Find out the average and probability

Calculate the probability of monthly return income, 1. It is often a good i...

1. It is often a good idea to start by visualizing the data. Time series data should have "time" on the horizontal axis. What are you going to have on the vertical axis? If you use

Homework, 9. From 11 positive integer scores on a 10-point quiz, the mean i...

9. From 11 positive integer scores on a 10-point quiz, the mean is 8, the median is 8, and the mode is 7. Find the maximum number of perfect scores possible on this test.

Statistic, difference between histogram and historigram

difference between histogram and historigram

T TEST and chi square test, Course of Study MBA 10% B.Tech 90% BBA 0% Diplo...

Course of Study MBA 10% B.Tech 90% BBA 0% Diploma 0% Annual College Fee 25,000-30,000 0% 40,000-50,000 10% 85,000-90,000 90% 90,000 Above 0% Taken an Education Loan Yes 100

Impact of government regulation on managerial decision, Impact of governme...

Impact of government regulation on managerial Decision making Impact of government regulation on managerial Decision making how methods of control can influence market prices.

Regression, Sales from a leading motor dealership were monitored over the p...

Sales from a leading motor dealership were monitored over the past four years. The sales figures are presented in the accompanying table. Year Quarter 1 Quarter 2 Quarter 3 Quarter

Financial accounting, when the closing inventory is understated, the profit...

when the closing inventory is understated, the profit for the period will

A congruential unit random number generator, Suppose the arrival times of p...

Suppose the arrival times of phone calls in a help centre follow a Poisson process with rate 20 per hour (so the inter-arrival times are independent exponential random variables).

Write Your Message!

Captcha
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