Question

In: Operations Management

13) A professor's son, having made the wise decision to drop out of college, has been...

13) A professor's son, having made the wise decision to drop out of college, has been finding his way in life taking one job or another, leaving when his creativity is overly stifled or the employer tires of his creativity. The professor dutifully logs the duration of his son's last few careers and has determined that the average duration is normally distributed with a mean of sixty-six weeks and a standard deviation of ten weeks. The next career begins on Monday; what is the likelihood that it endures for less than a year and a half?

Solutions

Expert Solution

Given: The data representing the Duration of the Professor' son's career can be represented by the normal distribution curve with the following details:

Mean of Duration of his Career, = 66 Weeks

Standard deviation of Duration of his career, = 10 Weeks

To Find: Probability that duration of career will be lesser than year and a half (i.e. 52 Weeks + 26 Weeks = 78 Weeks)

[Assuming 1 Year Consists of 52 Weeks]

So, We need to find P(X<78), where X represents the random variable of the original normal distribution representing the duration of career.

We can now plot the given normal distribution data to a standard normal distribution with the variable, Z that has mean 0 and standard deviation as 1.

The Value of Z is given by:

Z = (X - )/

For X = 78,

Z = (78-66)/10

= 1.2

So, P(X<78) = P(Z<1.2)

Refer to Z-Table, Area under normal distribution curve to the left of Z=1.2 is 0.8849

Hence, P(Z<1.2) = 0.8849

There is 88.49% Likelihood that his next career will endure or last lesser than 1.5 Years


Related Solutions

Your son has been accepted into college. This college guarantees that your​ son's tuition will not...
Your son has been accepted into college. This college guarantees that your​ son's tuition will not increase for the four years he attends college. The first $11,000 tuition payment is due in six months. After​ that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 6% (semiannual) guaranteed to remain the...
You are a marketing manager for apple and decision has been made that they will begin...
You are a marketing manager for apple and decision has been made that they will begin selling custom-built premium gaming device. Briefly describe the likely target market, marketing mix (4P's) elements for this product and include details on the content of each P. Integrate your answer how you would position that product and describe how you would use social media in an integrated marketing communications strategy. Also, answer what conditions uncovered from a PEST analysis would lead apple to pursue...
College has not been easy for you, but you made it through this far and should...
College has not been easy for you, but you made it through this far and should be proud of yourself. Over the course of your college education, you more than likely faced several life factors that played a role in the grades you received. In other words, what activities did you spend a lot of time doing away from class and studying, like working, family, video games, partying, etc. In a one (1) page, double-spaced Word document, with margins set...
The College of Business has been having trouble with errors on student admittance records and you...
The College of Business has been having trouble with errors on student admittance records and you have been asked to investigate the cause of the problem. A form is considered defective if it has one or more errors. You think you have found one of the main reasons for the errors but in order to prove it, you decide to develop a process control chart to follow the current process for a few days. On the next three days, you...
When the decision has been made to enter a new industry, which entry mode is most...
When the decision has been made to enter a new industry, which entry mode is most commonly used and what issues must managers address with this mode of entry?
passage require analysis and breakdown One decision that has been made recently in my department is...
passage require analysis and breakdown One decision that has been made recently in my department is how to deal with the impact of COVID-19 on the way that we conduct business. I work at a call center and the leadership team was tasked with developing a strategy to ensure that our employees were able to work from home, stay safe, and keep client information safe. We had to spend hours of time and a lot of money to buy devices...
4. A study has been carried out to compare the United Way contributions made by clerical...
4. A study has been carried out to compare the United Way contributions made by clerical workers from three local corporations. A sample of clerical workers has been randomly selected from each firm, and the amounts of their contributions are as follows (in 000). Firm 1 Firm 2 Firm 3 199 108 162 236 104 86 167 153 160 263 218 135 254 210 207 96 201 a. What are the null and alternative hypotheses for this test? b. Use...
A study has been carried out to compare the United Way contributions made by university professors...
A study has been carried out to compare the United Way contributions made by university professors from four universities. A sample of 15 professors from each university is selected. The dollar amounts of their contributions are shown below. University 1 University 2 University 3 University 4 200 119 179 115 257 136 409 238 194 278 536 159 296 356 105 118 278 135 321 149 342 237 357 175 212 496 519 207 396 238 188 312 403 512...
among 3000 college students 13% are over 21 years old what is the probability that out...
among 3000 college students 13% are over 21 years old what is the probability that out of a sample of 550 students at least 15% are 21 years old
1. For school counselors: A teenage boy has had a sudden drop in grades, totally out...
1. For school counselors: A teenage boy has had a sudden drop in grades, totally out of character. When you see him for your first session what would be some of the questions you would ask him in your initial assessment? What might you look for? 2. An elderly man comes in for therapy 4 months after his wife died. He says he is there because his family is making him. How would you differentiate between normal grieving and major...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT