Question

In: Statistics and Probability

There's a lot but its all one question. Do not answer if you do not expect...

There's a lot but its all one question. Do not answer if you do not expect to answer all of them.

A. Find the following probabilities. (Round your answers to four decimal places.)

(a)    p(0 < z < 1.45)


(b)    p(1.05 < z < 1.66)


(c)    p(−0.86 < z < 1.74)


(d)    p(z < −2.05)


(e)    p(−2.34 < z < −1.16)


(f)    p(z < 1.51)

B.Find c such that each of the following is true. (Round your answers to two decimal places.)

(a)    p(0 < z < c) = 0.1329
c =

(b)    p(c < z < 0) = 0.4802
c =

(c)    p(−c < z < c) = 0.4602
c =

(d)    p(z > c) = 0.6080
c =

(e)    p(z > c) = 0.0521
c =

(f)    p(z < c) = 0.1026
c =

C. A population X is normally distributed with mean 72.4 and standard deviation 8.4. For each of the following values of x, find the corresponding z-number. Round off your answers to two decimal places.

(a)    x = 90


(b)    x = 80


(c)    x = 75


(d)    x = 70


(e)    x = 60


(f)    x = 50

D. A population is normally distributed with mean 36.3 and standard deviation 3.5. Find the following probabilities. (Round your answers to four decimal places.)

(a)    p(36.3 < x < 39.8)


(b)    p(32.7 < x < 38.2)


(c)    p(x < 40.0)


(d)    p(31.8 < x < 40.8)


(e)    p(x = 37.4)


(f)    p(x > 37.4)

E. A population is normally distributed with mean 42.2 and standard deviation 5.7. Find the following probabilities. (Round your answers to four decimal places.)

(a)    p(42.2 < x < 47.9)


(b)    p(40.4 < x < 43.6)


(c)    p(x < 50.0)


(d)    p(32.8 < x < 51.6)


(e)    p(x = 44.8)


(f)    p(x > 44.8)

F. A population is normally distributed with mean 17.2 and standard deviation 1.7.

(a) Find the intervals representing one, two, and three standard deviations of the mean.

one standard deviation _______
two standard deviations ________
three standard deviations _________  


(b) What percent of the data lies in each of the intervals in part (a)? (Round your answers to two decimal places.)

one standard deviation ____ %
two standard deviations _____ %
three standard deviations _____ %

Solutions

Expert Solution

A. a) P(0 < z < 1.45) = P(z < 1.45) - P(z < 0)

= 0.9265 - 0.5000

= 0.4265

The P(z < 1.45) can be obtained from the z table by finding the area corresponding to the z = 1.4 at 0.05 probability and P(z < 0) can be obtained from the z table by finding the area corresponding to the z = 0.0 at 0.00 probability.

b) P(1.05 < z < 1.66) = P(z < 1.66) - P(z < 1.05)

= 0.9515 - 0.8531

(obtained from the z table as done in previous part)

= 0.0984

c) P(-0.86 < z < 1.74) = P(z < 1.74) - P(z < -0.86)

= 0.9591 - 0.1949

= 0.7642

d) P(z < -2.05) = 0.0202

e) P(-2.34 < z < -1.16) = P(z < -1.16) - P(z < -2.34)

= 0.1230 - 0.0096

= 0.1134

f) P(z < 1.51) = 0.9345

B) a) P(0 < z < c) = 0.1329

P(z<c) - P(z<0) = 0.1329

P(z<c) - 0.5000 = 0.1329

As P(z<0) is 0.05 as obtained from the z table

So, P(z<c) = 0.1329 + 0.5000

P(z<c) = 0.6329

Hence, c will be the value of z for which the area is 0.6329

To find this we have to find z in the z table for which area is close to or equal to 0.6329.This will be at z nearly equal to 0.34.

So, c = 0.33

b) P(c < z < 0) = 0.4802

P(z < 0) - P(z < c) = 0.4802

0.5000 - P(z < c) = 0.4802

P(z < c) = 0.5000 - 0.4802 = 0.0198

Now, the area of 0.0198 corresponds to z = -2.06

Hence, c = -2.06

c) P(-c < z < c) = 0.4602

P(z < c) - P(z< -c) = 0.4602

Now, P(z < -c) = 1 - P(z < c) as z curve is symmetric about the mean ( zero)

P(z < c) -1 + P(z < c) = 0.4602

2 P(z < c) = 1.4602

P(z < c) = 0.7301

The area of 0.7301 corresponds to z = 0.61

Hence, c = 0.61

d) P(z > c) = 0.6080

P(z < c) = 1 - 0.6080 = 0.3920

The area of 0.3920 corresponds to z = -0.27

Hence, c = -0.27

e) P(z > c) = 0.0521

P(z < c) = 1 - 0.0521 = 0.9479

The area on 0.9479 corresponds to z = 1.62

Hence, c = 1.62

f) P(z < c) = 0.1026

The area of 0.1026 corresponds to z = -1.27

Hence, c = -1.27

C) The formula for z is given by -

Here, mean = 72.4

Standard deviation = 8.4

S.no. x
a
b
c
d
e
f
90
80
75
70
60
50
2.09
0.90
0.31
-0.28
-1.48
-2.67

D) mean = 36.3

Standard deviation = 3.5

Hence,

a) P(36.3 < x < 39.8) = P(0 < z < 1)

(Converting x variable into z variate as done in previous part)

= P(z < 1) - P( z < 0 )

= 0.8413 - 0.5000

= 0.3413

b) P(32.7 < x < 38.2)

= P( -1.03 < z < 0.54)

= P( z < 0.54) - P(z < -1.03)

= 0.7053 - 0.1515

= 0.5538

c) P(x < 40)

= P( z < 1.06)

= 0.8554

d) P(31.8 < x < 40.8)

= P( -1.29 < z < 1.29)

= P(z < 1.29) - P(z < -1.29)

= 0.9015 - 0.0985

= 0.8030

e) P(x = 37.4)

= P(z = 0.31)

(As )

= 0.38

f) P (x > 37.4)

= P (z > 0.31)

= 1 - P( z < 0.31)

= 1 - 0.6217

= 0.3783

F) mean = 17.2

Standard deviation = 1.7

a)The z interval for One standard deviation =[ mean - S.D , mean + S.D]

= [0-1, 0+1]

= [ -1,1]

So, corresponding x interval = [-18.9, 18.9]

The z interval for two standard deviation

= [mean - 2*S.D, mean + 2* S.D]

= [0 -2, 0+2]

= [-2 2]

Converting z variate to x variate

The corresponding x interval = [-20.6, 20.6]

The z interval for three standard deviation = [-3, 3]

The corresponding x interval = [-22.3, 22.3]

b) By property of standard normal variate, the area within

One standard deviation limit = 68.27%

Two standard deviation limit = 95.45%

Three standard deviation limit = 99.73%


Related Solutions

Please answer all question. If you can't answer all question then don't answer just one question....
Please answer all question. If you can't answer all question then don't answer just one question. I need all and I'm having test. 12. You have started an investment club with your friend. You identified an account which you think will pay 8% per year. You are going to invest $1200 per year. Your friend is going to invest $100 per month. You plan to invest for 4 years. All else equal, which of the following is true. 13. Annuity...
Dear All Could you please answer the below question. I would expect a long answer to...
Dear All Could you please answer the below question. I would expect a long answer to may consist of 1500 words. "It has been argued in the finance literature that a great majority of mergers lead to value destruction. Citing empirical evidence, discuss whether you agree or disagree with this statment". Thank you!
Please answer all If you can't answer all then please don't answer just one question. i...
Please answer all If you can't answer all then please don't answer just one question. i need all 2. You would like to buy a house in in 16 years and estimate that you will need a deposit of $73,014. You plan to make bi-weekly deposits into an account that you hope will earn 7.05%. How much do you have to deposit every two weeks? 3. You have accumulated $1,085.55 in debt by buying things on Amazon during quarantine.  The minimum...
Answer all. Don't answer just one! If you can't answer all then don't answer just one....
Answer all. Don't answer just one! If you can't answer all then don't answer just one. 14. You have accumulated $1,269.28 in credit card debt. Your interest rate is 14.75% per year and you will pay it off in 55 months. what will be your monthly payment? 15. You won the lottery. The money is paid in equal annual installments of $68,375 over 13 years beginning today. If the appropriate discount rate is 4.31%, how much is the sweepstakes actually...
Q 1. PLEASE answer all question because these only one question..... Thanks alot What expectations do...
Q 1. PLEASE answer all question because these only one question..... Thanks alot What expectations do marketing decision-makers have of research designs? How does the subject of enquiry as seen by potential research respondents affect research design? Explain with suitable examples. How does formulating a research design differ from developing an approach to a problem? Describe how quantitative techniques may be used in exploratory research. Explain with example. What are the major purposes for which descriptive research is conducted? Describe...
Answer all please, If you can't answer all then don't just answer one. 20. You want...
Answer all please, If you can't answer all then don't just answer one. 20. You want to purchase a car that costs $30,589. You can afford $1,505 as a down payment and will borrow the rest. The bank has offered you a rate of 3.64% on a 4-year loan. What is your  monthly payment? 21. You borrowed $27,797 to buy a car. If you pay $407 per month, you will pay it off after making 62 payments. If you pay $40...
All part of one Question: How do you know if the Dollar is stronger or weaker...
All part of one Question: How do you know if the Dollar is stronger or weaker than another currency? If the $1 = 20 Pesos and $1 = 100 Krona in Iceland and $1 = 120 Yen. What can you say about the Dollar and the other currencies?   What are the benefits and problems of Economic Statistics, such as GDP, inflation, Unemployment Rates, and others. Are they more headache than useful? What other alternatives do we have to these statistics...
GUIDELINES FOR DOING ASSIGNMENTS We expect you to answer each question as per instructions in the...
GUIDELINES FOR DOING ASSIGNMENTS We expect you to answer each question as per instructions in the assignment. You will find it useful to keep the following points in mind: the assignment with be evaluated in terms of your planning, organization and the way you present your assignment. All the three section will carry equal weight Kindly read the instruction carefully and prepare your assignment and submit to your teacher. 1) Planning: Read the assignments carefully, go through the units on...
Answer the following question in no less than one page. How do you choose between an...
Answer the following question in no less than one page. How do you choose between an LLC and an LLP in creating your business organization?
If you are not going to answer all the questions. then do not answer any. 3.)...
If you are not going to answer all the questions. then do not answer any. 3.) The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 6,300 units, 4/5 completed 16,884 31 Direct materials, 113,400 units 226,800 243,684 31 Direct labor 65,490 309,174 31 Factory overhead 36,840 346,014 31 Goods...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT