Question

In: Statistics and Probability

1. ABC toy factory has 10,000 workers. The salaries of the workers are based on the...

1. ABC toy factory has 10,000 workers. The salaries of the workers are based on the amount of toys they can make in each month. A random sample of 100 workers and the number of toys they have made in a week is selected and the results are tabulated below.

Toys Pieces 101 − 150 151 − 200 201 − 250 251 − 300 301 − 350 351 − 400 401 − 450

Number of workers 6
13
15
24
25
9
8

(a) Calculate the mean, median, mode and standard deviation of the number of pieces of toys made by this sample of 100 workers. [ 8 marks]

(b) Estimate from the frequency distribution table, the proportion of workers having a weekly production between 180 and 220 pieces of toys. [5 marks]

(c) Construct a 98% confidence interval for proportion of all workers who can make between 170 and 280 pieces of toys.

Solutions

Expert Solution

Solution:

Class
(1)
Frequency (f)
(2)
Mid value (x)
(3)
f⋅x
(4)=(2)×(3)
f⋅x2=(f⋅x)×(x)
(5)=(4)×(3)
cf
(6)
101-150 6 125.5 753 94501.5 6
151-200 13 175.5 2281.5 400403.25 19
201-250 15 225.5 3382.5 762753.75 34
251-300 24 275.5 6612 1821606 58
301-350 25 325.5 8137.5 2648756.25 83
351-400 9 375.5 3379.5 1269002.25 92
401-450 8 425.5 3404 1448402 100
--- --- --- --- --- ---
-- n=100 -- ∑f⋅x=27950 ∑f⋅x2=8445425 --



Mean ˉx=

=27950/100

=279.5


To find Median Class
= value of (n/2)th observation

= value of (100/2)th observation

= value of 50th observation

From the column of cumulative frequency cf, we find that the 50th observation lies in the class 251-300.

∴ The median class is 250.5-300.5.

Now,
∴L=lower boundary point of median class =250.5

∴n=Total frequency =100

∴cf=Cumulative frequency of the class preceding the median class =34

∴f=Frequency of the median class =24

∴c=class length of median class =50

Median M=L+ *c

=250.5+{[50-34]/24}*50


=250.5+33.3333

=283.8333


To find Mode Class
Here, maximum frequency is 25.

∴ The mode class is 300.5-350.5.

∴L=lower boundary point of mode class =300.5

∴f1= frequency of the mode class =25

∴f0= frequency of the preceding class =24

∴f2= frequency of the succedding class =9

∴c= class length of mode class =50

Z=L+ *c

=300.5+([25-24]/2⋅25-24-9)⋅50

=300.5+(117)⋅50

=300.5+2.9412

=303.4412


Sample Standard deviation S=


=


=79.9874

(b)the proportion of workers having a weekly production between 180 and 220 pieces of toys is (13+15)/100 = 0.28

(c) the proportion of workers who can make between 170 and 280 pieces of toys () =  (13+15+24)/100 = 52/100 = 0.52

n = 100

z at 98% is 2.33

98% confidecen interval = = =

= (0.4038 ,0.6362)


Related Solutions

1. ABC toy factory has 10,000 workers. The salaries of the workers are based on the...
1. ABC toy factory has 10,000 workers. The salaries of the workers are based on the amount of toys they can make in each month. A random sample of 100 workers and the number of toys they have made in a week is selected and the results are tabulated below. Toys Pieces Number of workers 101 − 150 6 151 − 200 13 201 − 250 15 251 − 300 24 301 − 350 25 351 − 400 9 401...
Meadows Manufacturing has $10,000 in payroll for its factory workers that must be added the cost...
Meadows Manufacturing has $10,000 in payroll for its factory workers that must be added the cost of its product. How would Meadows record the direct labor cost? A : a debit to Wages Payable and a credit to Work in Process Inventory B : a debit to Work in Process Inventory and a credit to Manufacturing Overhead C : a debit to Manufacturing Overhead and a credit to Factory Labor D : a debit to Work in Process Inventory and...
A sample of 125 workers in the Overkill Division of the Machismo Toy Factory earns an...
A sample of 125 workers in the Overkill Division of the Machismo Toy Factory earns an average of $24,375 per year. The average salary for all workers is $24,230 with a standard deviation of $523. Are workers in the Overkill Division overpaid? Conduct a one-tailed test using 95% confidence level.
Toy Story Factory hires six workers to produce toys in the three divisions: “Toddle Toy”, “Girl...
Toy Story Factory hires six workers to produce toys in the three divisions: “Toddle Toy”, “Girl Toy” and “Boy Toy”. The major decision is the allocation of the workers among the three divisions, so as to maximize the amount of toy produced. The following table shows the amount (unit) of toys that will be produced in a division as a function of the number of workers deployed in the corresponding division. For instance, when 2 workers are sent to the...
DOMESTIC workers will no longer be subjected to meagre salaries as the government has adjusted the...
DOMESTIC workers will no longer be subjected to meagre salaries as the government has adjusted the minimum wage for domestic workers, with effect from December last year. The announcement was made by the Department of Labour Minister Mildred Oliphant and it coincided with the signing into law of the National Minimum Wage Bill by President Cyril Ramaphosa. According to the Department of Labour’s new rates, domestic workers working in Area A (bigger metropolitan areas) who work more than 27 ordinary...
A toy manufacturing company has the following output figures per each number of workers employed, as...
A toy manufacturing company has the following output figures per each number of workers employed, as shown in the table below. Compute the short-run average and marginal products for each worker. Number of workers Output Average product Marginal product 1 1 200 2 2 500 3 3 780 4 4 400 5 4 800 1.2 Based on your calculations in 1.1, at what number of workers will diminishing returns start to set in? Explain your answer. 1.3 Distinguish between cardinal...
At a large factory 1% of the workers are using drugs, an event we’ll call D....
At a large factory 1% of the workers are using drugs, an event we’ll call D. An employee has just been tested by a procedure that has a 3% false positive rate and has failed the test, F. Assume that the test is always positive for people who are using drugs. (i) Find P(D|F). (ii) Suppose that the employee failed the first test (F1). What is the probability he will fail the second test (F2), i.e., compute P(F2|F1). (iii) What...
A shoe company wants to test if three groups of workers have different salaries. Group (1):...
A shoe company wants to test if three groups of workers have different salaries. Group (1): 23, 41, 54, 66, 78 Group (2): 45, 55, 60, 70, 72 Group (3): 18, 30, 34, 40, 44 Use kruskall Wallis test with α = 0.05.
Matthew owns a piece of land with a toy factory on it in a small town...
Matthew owns a piece of land with a toy factory on it in a small town near Melbourne city. The factory is a family business that started a century ago and is currently used to produce handmade wooden toys. However, for market participants, they would redevelop the land to build a retail shopping centre. Matthew recently received an attractive offer from property redevelopers, but he rejected the offer because he has no intention to stop the family business. Which of...
A large Factory space has an average occupancy of 45 people (only male workers in this...
A large Factory space has an average occupancy of 45 people (only male workers in this space) they are doing light bench work. The average light level is 1.5W/ft2 of recessed, vented to return air fluorescent fixtures. Other production equipment create a total heat gain of 3 W/ft2. Compute the total sensible and total latent heat gain for the space. The floor area is 7500 ft2. For the sensible heat gain, estimate the radiative and convective portions for each type...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT