The average person uses 123 gallons of water daily. If the
standard deviation is 21 gallons,...
The average person uses 123 gallons of water daily. If the
standard deviation is 21 gallons, find the probability that the
mean usage of water of a randomly selected sample of 15 people will
be greater than 126 gallons. Assume that the variable is normally
distributed
The average clothes washer uses 15 gallons of water per load,
with a standard deviation of 3.0 gallons. What is the probability
that a random sample of 30 loads will provide a sample mean within
one half gallon of the population mean?
The average clothes washer uses 15 gallons of water per load,
with a standard deviation of 3.0 gallons. What is the probability
that a random sample of 30 loads will provide a sample mean within
one half gallon of the population mean?
The average score for games played in the NFL is 21 and the
standard deviation is 9.3 points. 10 games are randomly selected.
Round all answers to 4 decimal places where possible and assume a
normal distribution.
What is the distribution of ¯xx¯? ¯xx¯ ~ N(,)
What is the distribution of ∑x∑x? ∑x∑x ~ N(,)
P(¯xx¯ < 20.9887) =
Find the 70th percentile for the mean score for this sample
size.
P(20.5887 < ¯xx¯ < 23.3705) =
Q1 for the...
The average time to run the 5K fun run is 21 minutes and the
standard deviation is 2.5 minutes. 13 runners are randomly selected
to run the 5K fun run. Round all answers to 4 decimal places where
possible and assume a normal distribution.
What is the distribution of XX? XX ~ N(,)
What is the distribution of ¯xx¯? ¯xx¯ ~ N(,)
What is the distribution of ∑x∑x? ∑x∑x ~ N(,)
If one randomly selected runner is timed, find the...
Task 1: Compute the respective average, standard deviation, and
covariance of monthly or daily stock returns. You can pick any two
companies to download stock data for (daily or monthly
Covariance table will be in the form:
Var(stock1, stock1)
Cov(stock1, stock2)
Cov(stock1, stock2)
Var(stock2, stock2)
Note: Use STDEV.P in Excel for the standard deviation
Task 2: Using the obtained statistics fromQ1, calculate an equal
weighted portfolio return and portfolio variance for the first
portfolio using the below equations:
Equal weighted...
The cost of 55 gallons of ice cream has a standard deviation of
8 dollars with a mean of 29 dollars during the summer.
What is the probability that the sample mean would be greater
than 27.1 dollars if a sample of 92 5-gallon pails is
randomly selected? Round your answer to four decimal places.
Problem 01: Calculate individual stock average, standard
deviation, variance, portfolio variance
Given are the daily returns for two stocks X and Y for five
business days in last week. If you have 1000 dollars to invest and
you are considering to invest 600 dollars in stock X and 400
dollars in stock Y. Calculate the following
A. average stock return for individual stocks
B. variance and standard deviations for the individual
stocks
C. calculate the covariance and correlation between the...
High school girls average 80 text messages daily. Assume the
population standard deviation is 15 text messages. Assume
normality.
What is the probability that the sample mean is more than
90?
What is the probability that the sample mean is less than
85?
What is the probability the sample mean is in between 85 and
90?
Suppose U.S. consumers 21 years and older consumed 26.2 gallons
of beer and cider per person during 2017. A distributor in
Milwaukee believes that beer and cider consumption are higher in
that city. A sample of consumers 21 years and older in Milwaukee
will be taken, and the sample mean 2017 beer and cider consumption
will be used to test the following null and alternative
hypotheses:
H0: μ ≤ 26.2
Ha: μ > 26.2
(a)
Assume the sample data led...
The average Belgian person drinks approximately
30 gallons of soda a year. Some Belgian
legislators are considering instituting a sales tax on soda to
raise revenue and possibly fight obesity. Will a sales tax on soda
reduce the mean amount of soda consumed? A sales
tax is added to a random sample of communities to measure the
effect on soda consumption.
State the null and alternative hypotheses:
If sample results give a p-value of 0.019, what is your general
conclusion...