Question

In: Statistics and Probability

A local county has an unemployment rate of 6.2%. A random sample of 18 employable people...

A local county has an unemployment rate of 6.2%. A random sample of 18 employable people are picked at random from the county and are asked if they are employed. The distribution is a binomial. Round answers to 4 decimal places.

a) Find the probability that exactly 4 in the sample are unemployed.

b) Find the probability that there are fewer than 3 in the sample are unemployed.

c) Find the probability that there are more than 4 in the sample are unemployed.

d) Find the probability that there are at most 3 in the sample are unemployed.

Solutions

Expert Solution

p = 0.062

n = 18

P(X = x) = 18Cx * 0.062x * (1 - 0.062)18-x

a) P(X = 4) = 18C4 * 0.0624 * 0.93814 = 0.0185

b) P(X < 3) = P(X = 0) + P(X = 1) + P(X = 2)

                  = 18C0 * 0.0620 * 0.93818 + 18C1 * 0.0621 * 0.93817 + 18C2 * 0.0622 * 0.93816

                  = 0.9031

c) P(X > 4) = 1 - (P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4))

                  = 1 - (18C0 * 0.0620 * 0.93818 + 18C1 * 0.0621 * 0.93817 + 18C2 * 0.0622 * 0.93816 + 18C3 * 0.0623 * 0.93815 + 18C4 * 0.0624 * 0.93814 )

                  = 1 - 0.9960

                  = 0.0040

d) P(X < 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3)

                  = 18C0 * 0.0620 * 0.93818 + 18C1 * 0.0621 * 0.93817 + 18C2 * 0.0622 * 0.93816 + 18C3 * 0.0623 * 0.93815

                  = 0.9776


Related Solutions

The unemployment rate in a certain city is 8.5%. A random sample of 100 people from...
The unemployment rate in a certain city is 8.5%. A random sample of 100 people from the labor force is drawn. Find the probability that the sample contains at least ten unemployed people.
The unemployment rate in a certain city is 8.5%. A random sample of 100 people from...
The unemployment rate in a certain city is 8.5%. A random sample of 100 people from the labor force is drawn. Find the probability that the sample contains at least ten unemployed people.
4. Nationally, the unemployment rate for teenage males is 18%. A random sample of 323 teenage...
4. Nationally, the unemployment rate for teenage males is 18%. A random sample of 323 teenage males in your area reveals an unemployment rate of 21.7%. Are our local teens more likely to be unemployed?   (20%) This question is an example of statistical research using hypothesis testing. You will need to use the 5 step model of hypothesis testing to test for significance at a=.01. State assumptions State the null hypothesis and the alternative hypothesis State the appropriate hypothesis test...
The recent default rate on all student loans is 6.2 percent. In a recent random sample...
The recent default rate on all student loans is 6.2 percent. In a recent random sample of 314 loans at private universities, there were 8 defaults. Does this sample show sufficient evidence that the private university loan default rate is below the rate for all universities, using a left-tailed test at α = .010? (a-1) Choose the appropriate hypothesis. a. H0: ππ ≥ .062; H1: ππ < .062. Accept H0 if z < –2.326 b. H0: ππ ≥ .062; H1:...
.A simple random sample of 18 recent birth records at the local hospital was taken. In...
.A simple random sample of 18 recent birth records at the local hospital was taken. In the sample, the average birth weight was 3390 grams with a standard deviation of 179.8 grams. Assume that in the population of all babies born in this hospital, the birth weights follow a Normal distribution. (a) Find the 99% confidence interval for the mean birth weight of all babies born in this hospital. (b) How could we reduce the margin of error while keeping...
Suppose that you decide to randomly sample people ages 18-24 in your county to determine whether...
Suppose that you decide to randomly sample people ages 18-24 in your county to determine whether or not they are registered to vote. In your sample of 50 people, 35 said they were registered to vote. a) (2 points) Find a 95% confidence interval for the true proportion of the county population ages 18-24 who are registered to vote. Make sure to check any necessary conditions and to state a conclusion in the context of the problem. Also, explain what...
In a random sample of 18 ​people, the mean commute time to work was 34.7 minutes...
In a random sample of 18 ​people, the mean commute time to work was 34.7 minutes and the standard deviation was 7.3 minutes. Assume the population is normally distributed and use a​ t-distribution to construct a 80% confidence interval for the population mean μ. What is the margin of error of μ​? Interpret the results.
Poverty and Calcium: A simple random sample of 18 people with incomes below the poverty level...
Poverty and Calcium: A simple random sample of 18 people with incomes below the poverty level gives the following daily calcium intake: 686 423 743 647 734 641 993 620 574 634 850 858 992 775 1113 672 879 609 At the 5% significance level do the data provides sufficient evidence to conclude that the mean calcium intake of all people with incomes below the poverty level is less than the RDA of 800 mg? Perform a Hypothesis Test.  
Each member of a random sample of 18 financial experts was asked to predict the rate...
Each member of a random sample of 18 financial experts was asked to predict the rate of inflation for the coming year. Assume that the predictions for the whole population of busfinancial experts follow a normal distribution with standard deviation 2.2%. a.) The probability is 0.10 that the sample standard deviation is bigger than what number? b.) The probability is 0.001 that the sample standard deviation is less than what number? c.) Find any pair of numbers such that the...
A random sample of 200 cars has 18 that are green in color. What is the...
A random sample of 200 cars has 18 that are green in color. What is the confidence interval for the true proportion of green cars that lie within a 95% confidence interval?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT