In: Statistics and Probability
a) The probability that a medical drug will cure a disease is 0.95 if the patient has the disease. The probability reduces to 0.10 if the patient doses not have the disease. If 70% of people in a selected community have the disease, find the probability that a person who has been cured actually had the disease. [6 marks]
b) A property sales agent estimates the probability of striking a deal will a client as follows:
Sale values (K’000) |
4 |
4.5 |
5 |
5.5 |
6 |
Probability |
0.14 |
0.26 |
0.30 |
0.20 |
0.10 |
I) Find the expected sales value. [4 marks]
ii) Find the standard deviation of the sales
c) The following table shows, for a group of 12 production workers, the number of months of working experience on a particular process each of them had, and the number of defective items that they produced during a given week.
Worker |
A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
Experience(Months) |
9 |
11 |
8 |
16 |
10 |
14 |
12 |
6 |
4 |
13 |
3 |
11 |
Number of rejects produced |
24 |
18 |
26 |
14 |
21 |
16 |
22 |
24 |
36 |
20 |
30 |
23 |
You are required to:
I) calculate the coefficient of linear correlation for the data, and comment on the result. [8 marks]
ii) Determine the coefficient of determination for the data, and explain its implication.
[4 marks]
iii) Determine the equation of the least squares regression line, and comments on the values of the coefficient and the constant.