Question

In: Math

You’re a researcher looking at whether or not applicants are accepted to a prestigious law internship....

You’re a researcher looking at whether or not applicants are accepted to a prestigious law internship. Only 10% of applicants receive a call to a first interview. You’re interested in two samples: all students from a rural community college who applied (24) and all students from Arizona who applied over the last five years (5804).

What are the mean and standard deviation for the large sample?

Explain in the context of this scenario what the mean represents, with appropriate rounding and units.

For the large sample, what is the probability that at least 600 students in the past five years received a first call?

Solutions

Expert Solution

BIONOMIAL DISTRIBUTION
pmf of B.D is = f ( k ) = ( n k ) p^k * ( 1- p) ^ n-k
where   
k = number of successes in trials
n = is the number of independent trials
p = probability of success on each trial
I.
mean = np
where
n = total number of repetitions experiment is executed
p = success probability
mean = 5804 * 0.1
= 580.4
II.
variance = npq
where
n = total number of repetitions experiment is executed
p = success probability
q = failure probability
variance = 5804 * 0.1 * 0.9
= 522.36
III.
standard deviation = sqrt( variance ) = sqrt(522.36)
=22.8552
mean =580.4
standard deviation =22.8552

the probability that at least 600 students in the past five years received a first call
P( X < 600) = P(X=599) + P(X=598) + P(X=597) + P(X=596) + P(X=595) + P(X=594) + P(X=593) + P(X=592) + P(X=591) + P(X=590)    
= ( 5804 599 ) * 0.1^599 * ( 1- 0.1 ) ^5205 + ( 5804 598 ) * 0.1^598 * ( 1- 0.1 ) ^5206 + ( 5804 597 ) * 0.1^597 * ( 1- 0.1 ) ^5207 + ( 5804 596 ) * 0.1^596 * ( 1- 0.1 ) ^5208 + ( 5804 595 ) * 0.1^595 * ( 1- 0.1 ) ^5209 + ( 5804 594 ) * 0.1^594 * ( 1- 0.1 ) ^5210 + ( 5804 593 ) * 0.1^593 * ( 1- 0.1 ) ^5211 + ( 5804 592 ) * 0.1^592 * ( 1- 0.1 ) ^5212 + ( 5804 591 ) * 0.1^591 * ( 1- 0.1 ) ^5213 + ( 5804 590 ) * 0.1^590 * ( 1- 0.1 ) ^5214
= 0.7988
P( X > = 600 ) = 1 - P( X < 600) = 0.2012


Related Solutions

At the prestigious university, they found their mean of the 30 accepted students was in the...
At the prestigious university, they found their mean of the 30 accepted students was in the 98thpercentile of all sample means. Individual scores, X, are normally distributed with a mean of 550 and a standard deviation of 100. a.) What was their mean for the 30 observations?   b.) What is the probability of getting a mean of 30 students that scored higher than 685?
At the prestigious university, they found their mean of the 30 accepted students was in the...
At the prestigious university, they found their mean of the 30 accepted students was in the 98th percentile of all sample means. Individual scores, X, are normally distributed with a mean of 550 and a standard deviation of 100. What was their mean for the 30 observations? b. What is the probability of getting a mean of 30 students that scored higher than 685?
You have a choice of taking a prestigious internship at either a local metropolitan daily newspaper,...
You have a choice of taking a prestigious internship at either a local metropolitan daily newspaper, or at a small but well-respected public relations firm. Cite and elaborate on pros and cons for each choice, and then choose one. Explain your choice and why it best fits your skill set, personality, and long-term goals. ANSWER MUST BE 20 LINES LONG
(TCO 5) You have been accepted into a prestigious private university in Illinois for your doctoral...
(TCO 5) You have been accepted into a prestigious private university in Illinois for your doctoral program. Congratulations! Since no one from this school has ever graduated in only 4 years, you anticipate that you will need to make 11 semi-annual tuition payments of $35,000 each with the first cash flow 6 months from today. If you choose to discount these cash flows at an annual rate of 8%, what is the present value cost of tuition to attend your...
A researcher is looking into whether who wear Crocs sandals are less cool than people who...
A researcher is looking into whether who wear Crocs sandals are less cool than people who wear other sandals. He knows that the mean “coolness” score for people who wear other sandals is 21, with a population standard deviation of 6. He takes a sample of 9 people who wear Crocs and finds a sample mean coolness score of 17.4. Should the researcher reject the null hypothesis in this study? Assume alpha = .05. a. No, they should not reject...
Getting in to a prestigious law school can have lasting effect’s on lawyer’s careers, thus the...
Getting in to a prestigious law school can have lasting effect’s on lawyer’s careers, thus the admission process is important. One measure that admissions officers look at is prospective law student’s LSAT scores. Because of that, companies that specialize in preparing students for the LSAT have sprouted up. Altair Test Preparation, in an effort to differentiate themselves from the rest and to assure their clients that they are being provided with what really is having an effect, have decided to...
You’re looking to buy a 2018 Ford Fusion Titanium with sunroof and leather seats at a...
You’re looking to buy a 2018 Ford Fusion Titanium with sunroof and leather seats at a price of $32,000. Being a poor college student, you have cash to pay taxes, title, license & fees but your parents offer to give you 10% of the price, $3200, as a down payment and you need to finance the remainder of $28,800. You smartly researched your finance options and got pre-approval at a 3.3% APR for 60 months on your own so you’re...
You’re looking at your parents’ retirement plans and studying the differences between their saving habits. On...
You’re looking at your parents’ retirement plans and studying the differences between their saving habits. On her thirty-first birthday, your mother Virginia invested $4,000 into her employer’s retirement plan, and she makes annual $4,000 payments for 9 years, so that her total contribution (principal) is $36,000.00. Your mother then stops making payments into her plan and keeps her money in the savings plan, untouched for 24 more years until retirement at age 63.00. Your father Anthony starts putting money aside...
You’re looking to purchase a gold ring, but you know that gold is extremely malleable (i.e.,...
You’re looking to purchase a gold ring, but you know that gold is extremely malleable (i.e., too soft). How can you make this stronger? Will this still be considered 24 karat gold? How will the optical properties (i.e., color) change? If you add another element, how much and where will the atoms resided?
Bill has been accepted into a university and is looking into his housing options.   He is...
Bill has been accepted into a university and is looking into his housing options.   He is considering purchasing a mobile home to live in for the 4 years he will be going to school.   The initial purchase price for the mobile home is $35,000.   To purchase the home, Bill will make a 15% down payment and borrow the rest of the principal with a 7 year, fully amortized loan at 10% interest. Luckily, Bill knows two friends from high school...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT