In: Statistics and Probability
1. A population of values has a normal distribution with μ=182.1 and σ=28.9. You intend to draw a random sample of size n=117.
Find the probability that a single randomly selected value is
less than 187.7.
P(X < 187.7) =
Find the probability that a sample of size n=117is randomly
selected with a mean less than 187.7.
P(¯x < 187.7) =
2.
CNNBC recently reported that the mean annual cost of auto insurance
is 1045 dollars. Assume the standard deviation is 211 dollars. You
take a simple random sample of 69 auto insurance policies.
Find the probability that a single randomly selected value is less
than 977 dollars.
P(X < 977) =
Find the probability that a sample of size n=69= is randomly
selected with a mean less than 977 dollars.
P(¯xx¯ < 977) =
Solution:
Question 1)
A population of values has a normal distribution with μ = 182.1 and σ = 28.9.
Sample size = n = 117.
Part a) P(X < 187.7) =............?
Find z score for x = 187.7
Thus we get:
P(X < 187.7) = P( Z < 0.19)
Look in z table for z = 0.1 and 0.09 and find corresponding area.
P( Z< 0.19) = 0.5753
thus
P(X < 187.7) = P( Z < 0.19)
Part b) Find:
Find z score for
Thus
Look in z table for z = 2.1 and 0.00 and find corresponding area.
P( Z < 2.10) = 0.9821
Thus
Question 2)
CNNBC recently reported that the mean annual cost of auto insurance is 1045 dollars and the standard deviation is 211 dollars.
Sample size = n = 69
Part a) Find:
P(X < 977) =............?
Find z score for x = 977
Thus we get:
P(X < 977) = P( Z < -0.32 )
Look in z table for z = -0.3 and 0.02 and find corresponding area.
P( Z< -0.32)= 0.3745
Thus
P(X < 977) = P( Z < -0.32 )
Part b)
Find z score for
Thus
Look in z table for z = -2.6 and 0.08 and find corresponding area.
P( Z < -2.68 ) = 0.0037
Thus