Question

In: Statistics and Probability

Select True or False depending on whether the corresponding statement is true or false. 1. Let...

Select True or False depending on whether the corresponding statement is true or false. 1. Let z1 be a z− score that is unknown but identifiable by position and area. If the area to the right of z1 is 0.8413, the value of z1 is 1.0 2. The mean and standard deviation of an exponential random variable are equal to each other. 3. Using the standard normal curve, the z−score representing the 90th percentile is 1.28. 4. A random variable X is normally distributed with a mean of 150 and a variance of 36. Given that X=120, its corresponding z− score is 5.0

Solutions

Expert Solution

Solution:

Question 1) Let z1 be a z− score that is unknown but identifiable by position and area.

If the area to the right of z1 is 0.8413, the value of z1 is 1.0

That is it means:

P( Z > 1.00 ) = 0.8413

but in fact P(Z < 1.0)= 0.8413

Above table gives area left of z value and thus we have: P( Z < 1.00) = 0.8413

Thus given statement is FALSE.

Question 2) The mean and standard deviation of an exponential random variable are equal to each other.

TRUE

Mean and  Standard Deviations for exponential distribution are equal and it is:

Question 3)  Using the standard normal curve, the z−score representing the 90th percentile is 1.28

Look in z table for area = 0.9000 or its closest area and find z value:

Area 0.8997 is closest to 0.9000 and it corresponds to 1.2 and 0.08

thus z = 1.28

Thus given statement is TRUE.

Question 4) A random variable X is normally distributed with a mean of 150 and a variance of 36. Given that X=120, its corresponding z− score is 5.0

Thus standard deviation =

z score formula is:

This is negative , but statement says 5.00, thus given statement is FALSE


Related Solutions

Select True or False, depending on whether the corresponding statement is true or false. 1. An...
Select True or False, depending on whether the corresponding statement is true or false. 1. An unbiased estimator is a sample statistic that has a mean (or expected value) equal to the value of the population parameter. 2. In order to construct a confidence interval estimate of the population mean, the value of the population mean is needed. 3. The larger the level of confidence used in constructing a confidence interval estimate of the population mean, the narrower the confidence...
Select True or False from each pull-down menu, depending on whether the corresponding statement is true...
Select True or False from each pull-down menu, depending on whether the corresponding statement is true or false.   ?    True    False      1. Using the standard normal curve, the z−z−score representing the 90th percentile is 1.28.   ?    True    False      2. The mean and standard deviation of a normally distributed random variable which has been standardized are one and zero, respectively.   ?    True    False      3. A random variable XX is normally distributed with a mean of 150 and a variance of 36. Given that X=120X=120, its corresponding z−z−...
True or False. Indicate whether the statement is true or false. If false, explain in the...
True or False. Indicate whether the statement is true or false. If false, explain in the space provided the statement why it is false, or simply correct the statement. Smooth muscle contraction is regulated by the autonomic nervous system. During exercise, the sympathetic nerves that innervate the smooth muscles of bronchioles and arterioles regulate the contraction of these smooth muscles to increase ventilation and cardiac output. 2. Multiple choice: Choose one best statement. An infant born prematurely has neonatal respiratory...
True/False Indicate whether the statement is true or false. ____​1.​The form of organization for a business...
True/False Indicate whether the statement is true or false. ____​1.​The form of organization for a business is not an important issue, as this decision has very little effect on the income and wealth of the firm's owners. ____​2.​The major advantage of a regular partnership or a corporation as a form of business organization is the fact that both offer their owners limited liability, whereas proprietorships do not. ____​3.​There are three primary disadvantages of a regular partnership: (1) unlimited liability, (2)...
True/False: Indicate whether the following statement is true or false. If it is false, indicate the...
True/False: Indicate whether the following statement is true or false. If it is false, indicate the reason. If it is true, indicate what makes it true. Just stating true or false will not earn any points. "It is not possible to have concave preferences."
select whether in your opinion the statement is : True,False or of unclear veracify. Justify& explain...
select whether in your opinion the statement is : True,False or of unclear veracify. Justify& explain the reasoning for your opinion. Please outline the relevant international accounting regulations on those issues in your answer. Under international accounting standards dividends on ordinary and preference shares are included in the"Finance Costs" category on the income statement.
select whether in your opinion the statement is : True,False or of unclear veracify. Justify& explain...
select whether in your opinion the statement is : True,False or of unclear veracify. Justify& explain the reasoning for your opinion. Please outline the relevant international accounting regulations on those issues in your answer. The financial effects of events occurring after the balance sheet date but prior to the approval of the financial statements should be incorporated into the accounts immediately.
1.Explain whether the following statement is true or false. There is no mark for stating true...
1.Explain whether the following statement is true or false. There is no mark for stating true or false; the mark is awarded for the explanation and the illustration only. Fiscal policy include building of new highways 2. If the government and the monetary authority think that the economy is growing too fast, what could they do to slow down the economy? 3. Discuss the effects of fiscal and monetary policy on inflation. Illustrate with good examples 4. If an economy...
Determine whether each statement is true or false. If it is true, prove it. If it...
Determine whether each statement is true or false. If it is true, prove it. If it is false, give a counterexample. a) For every function f : X → Y and all A ⊆ X, we have f^−1 [f[A]] = A. (b) For every function f : X → Y and all A ⊆ X, we have f[X \ A] = Y \ f[A]. (c) For every function f : X → Y and all A, B ⊆ Y ,...
1) Determine whether the statement is true or false. A hypothesis is an assumption about a...
1) Determine whether the statement is true or false. A hypothesis is an assumption about a population parameter such as a mean or a proportion. 2) Determine whether the statement is true or false. The null​ hypothesis, denoted by H0​, represents the status quo and involves stating the belief that the population parameter ​is, ≤​, =​, ≥ a specific value. 3) Determine whether the statement is true or false. The alternative​ hypothesis, denoted by H1​, represents the opposite of the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT