Question

In: Statistics and Probability

A corporation produces packages of paper clips. The number of clips per package varies, as indicated...

A corporation produces packages of paper clips. The number of clips per package varies, as indicated below for a sample of 20 packages.

48 47 51 53 49 50 51 48 52 50 53 48 50 49 51 52 49 50 51 52

Create a probability density function.

What is the probability that a randomly chosen package contains between 48 and 53 clips (inclusive) per package?

Please specify your answer in decimal terms and round your answer to the nearest hundredth (e.g., enter 12 percent as 0.12).

Solutions

Expert Solution

Here, we have given that the number of clips per package for a sample of 20 packages.

To construct, probability density function, first of all, we need to construct a histogram. Then apply these below formulae for probability density at a point

Where N is total frequency, W=width. You may not need to construct Histogram to obtain probability function. You can use 2nd formula to obtain for probability as below:


Related Solutions

An Internet service provider has three different subscription packages for its customers: Package A: $9.95 per...
An Internet service provider has three different subscription packages for its customers: Package A: $9.95 per month 10 hours of access are provided.   Additional hours are $2.00 per hour. Package B: $14.95 per month 20 hours of access are provided. Additional hours are $1.00 per hour. Package C: $19.95 per month unlimited access is provided. Write a MATLAB script to calculates a customer’s monthly bill. It should ask which package the customer has purchased and how many hours were used....
The number of accidents per week at a hazardous intersection varies with mean 2.2 and standard...
The number of accidents per week at a hazardous intersection varies with mean 2.2 and standard deviation 1.4. The distribution takes only whole-number values, so it is certainly not normal. A) Let x-bar be the mean number of accidents at the intersection during a year (52 weeks). What is the approximate probability that x-bar is less than 2? B) what is the approximate probability that there are fewer than 100 accidents at the intersection in a year? Hint: re-state the...
The number of accidents per week at a hazardous intersection varies with mean 2.2 and standard...
The number of accidents per week at a hazardous intersection varies with mean 2.2 and standard deviation 1.4. The distribution takes only whole-number values, so it is certainly not normal. A) Let x-bar be the mean number of accidents at the intersection during a year (52 weeks). What is the approximate probability that x-bar is less than 2? B) what is the approximate probability that there are fewer than 100 accidents at the intersection in a year? Hint: re-state the...
The maximum production of a chips packing company is 5000 packages per day. The company produces...
The maximum production of a chips packing company is 5000 packages per day. The company produces teo types of chips, regular and diet. It costs $1.00 to produce each package of regular and $1.20 to produce each package of diet. The daily operating budget is $5400. The profit is $0.15 per regular and $0.17 per diet chips. How much of each type of chip is produced to obtain the maximum profit?
Dodge Hall 2 ply company produces a number of products, including 2 ply toilet paper. The...
Dodge Hall 2 ply company produces a number of products, including 2 ply toilet paper. The firm, which began operations at the beginning of the current year, uses a standard cost system. The standard costs for one of its industrial paper rolls are provided below: Direct material (0.5 yd. @ $1.00) $ 0.50 Direct labor (1 hr. @ $10.00) 10.00 Variable overhead (1 hr. @ $1.00) 1.00 Fixed overhead (1 hr. @ $0.50) .50 $ 12.00 The $0.50 fixed overhead...
Q 3   Ibrahim Corporation produces and sells a product A with a price of $30 per...
Q 3   Ibrahim Corporation produces and sells a product A with a price of $30 per unit and variable costs of $12 per unit. Total fixed costs are $7,000. a.   Calculate Ibrahim Compagny’s contribution margin per unit. b.   How many units must Ibrahim Compagny sell to break even? c. You are manager in Ibrahim Corporation. Explain what assumptions and limitations you should consider when using CVP analysis? plz don't put the answer in photos
ABC Corporation has 350 employees. The distribution of number of sick days per employee per year...
ABC Corporation has 350 employees. The distribution of number of sick days per employee per year for the population of 350 employees is not highly skewed and has a mean of 12 and a standard deviation of 4. Suppose a simple random sample of 25 employees' number of sick days is taken, what is the probability that the sample of 25 will have mean number of sick days between 10 and 14? Show your work.
The Apex corporation produces corrugated paper. It has collected monthly data from January 2001 through March...
The Apex corporation produces corrugated paper. It has collected monthly data from January 2001 through March 2003 on the following two variables: y= total manufacturing cost per month (In thousands of dollars) (COST) x= total machine hours used per month (Machine) The data are shown below. y x 1102 218 1008 199 1227 249 1395 277 1710 363 1881 399 1924 411 1246 248 1255 259 1314 266 1557 334 1887 401 1204 238 1211 246 1287 259 1451 286...
The Apex corporation produces corrugated paper. It has collected monthly data from January 2001 through March...
The Apex corporation produces corrugated paper. It has collected monthly data from January 2001 through March 2003 on the following two variables: y= total manufacturing cost per month (In thousands of dollars) (COST) x= total machine hours used per month (Machine) The data are shown below. y x 1102 218 1008 199 1227 249 1395 277 1710 363 1881 399 1924 411 1246 248 1255 259 1314 266 1557 334 1887 401 1204 238 1211 246 1287 259 1451 286...
Jeanclaude Corporation produces and sells one product. The budgeted selling price per unit is $105.
Jeanclaude Corporation produces and sells one product. The budgeted selling price per unit is $105. Budgeted unit sales for July, August, September, and October are 7,400, 7,500, 13,800, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. The budgeted accounts receivable balance at the end of August is closest to: A) $525,000 B) S315,000 C) $472,500 D) $787,500
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT