In: Math
1.
Toll Brothers is a luxury home builder that would like to test the hypothesis that the average size of new homes exceeds 2,400 square feet. A random sample of 36 newly constructed homes had an average of 2,510 square feet. Assume that the standard deviation of the size for all newly constructed homes is 480 square feet. Toll Brothers would like to set α = 0.02. Use the p-value approach to test this hypothesis.
a. |
0.0838 |
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b. |
0.01 |
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c. |
0.05 |
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d. |
0.1 2. Bananas are sold in bunches at a grocery store and typically consist of 4-8 bananas per bunch. Suppose the weight of these bunches follows a normal distribution with a mean of 3.54 pounds and a standard deviation of 0.63 pounds. The interval around the mean that contains 99.7% of the bunch weights is ________.
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1)
Hypothesis : , Right tailed test.
Given, = 2510 , = 480 , n = 36
Test statistic :
p-value :
P-value for this right tailed test is given by,
p-value = P( z > 1.38 ) = 1 - P( z < 1.38 )
Using z score table,
P( z < 1.38 ) = 0.9162
So, P( z > 1.38 ) = 1 - 0.9162 = 0.0838
P-value = 0.0838
2)
Given,
weight of these bunches follows a normal distribution with a mean of = 3.54 pounds and a standard deviation of = 0.63
According to Empirical rule of normal distribution, Approximately 99.7% of the data falls within three standard deviations of the mean. The mathematical notation for this is:
So,The interval around the mean that contains 99.7% of the bunch weights is ( 3.54 -3*0.63 , 3.54 +3*0.63)
The interval around the mean that contains 99.7% of the bunch weights is ( 1.65 , 5.43 )
3)
Given,
Bob's golf score at his local course follows the normal distribution with a mean of = 92.1 and a standard deviation of = 3.8
According to Empirical rule, Approximately 95% of the data falls within two standard deviations of the mean. The mathematical notation for this is:
So,The interval around the mean that contains 68% of Bob's golf scores is ( 92.1 - 2*3.8 , 92.1 + 2*3.8 )
The interval around the mean that contains 68% of Bob's golf scores is ( 84.5 , 99.7 )
4)
Let , X be the total time a customer needs to wait for the installation to be completed.
X follows normal distribution with = 106.3 and = 18.5
We have to find P( 80 < x < 95 )
P( 80 < x < 95 ) = P( x < 95 ) - P(x < 80 )
Using Excel function , =NORMDIST( x , , , 1 )
P( x < 95 ) =NORMDIST( 95 , 106.3 , 18.5 , 1 ) = 0.2707
p( x < 80 ) = NORMDIST( 80 , 106.3 , 18.5 , 1 ) = 0.0776
So, P( 80 < x < 95 ) = 0.2707 - 0.0776 = 0.1931
The probability that a randomly selected customer will wait between 80 and 95 minutes for his or her tires to be installed is 0.1931