Question

In: Math

Does anyone know how to do it on EXCEL? Does anyone know how to do it...

Does anyone know how to do it on EXCEL?

Does anyone know how to do it on EXCEL?

Does anyone know how to do it on EXCEL?

Does anyone know how to do it on EXCEL? Anyone know how to do it on EXCEL?

The Statistical Abstract of the United States published by the U.S. Census Bureau reports that the average annual consumption of fresh fruit per person is 99.9 pounds. The standard deviation of fresh fruit consumption is about 30 pounds. Suppose a researcher took a random sample of 38 people and had them keep a record of the fresh fruit they ate for one year.

a) What is the probability that the sample average would be less than 90 pounds?

b) What is the probability that the sample average would be between 98 and 105 pounds?

c) What is the probability that the sample average would be less than 112 pounds?

d) What is the probability that the sample average would be more than 93 pounds?

Solutions

Expert Solution

We can use NORM.DIST function in excel to answer all the four parts.

NORM.DIST(x, mean, standard_dev ,cumulative)

NORM.DIST gives the probability that a number falls at or below a given value of a normal distribution.

  • x -- The value you want to test.
  • mean -- The average value of the distribution.
  • standard_dev -- The standard deviation of the distribution.
  • cumulative -- If FALSE or zero, returns the probability that x will occur; if TRUE or non-zero, returns the probability that the value will be less than or equal to x.

Answer a)

In this case we have to find P(x < 90)

x = 90

Mean = 99.9

Standard Dev. (For Sampling Distribution) = 30/SQRT(38)

Cumulative = TRUE (As we have to find probability that the sample average would be less than 90 pounds)

You will have to type following functions in excel to get answer:

=NORM.DIST(90, 99.9, 30/SQRT(38),TRUE)

The value obtained = 0.0210

Answer b)

In this case we have to find P(98 < x < 105)

P(98 < x < 105) = P(x<105) - P(x<98)

x = 98 and 105

Mean = 99.9

Standard Dev. (For Sampling Distribution) = 30/SQRT(38)

Cumulative = TRUE

You will have to type following functions in excel to get answer:

=NORM.DIST(105, 99.9, 30/SQRT(38),TRUE) - NORM.DIST(98, 99.9, 30/SQRT(38),TRUE)

The value obtained = 0.5046

Answer c)

In this case we have to find P(x < 112)

x = 112

Mean = 99.9

Standard Dev. (For Sampling Distribution) = 30/SQRT(38)

Cumulative = TRUE

You will have to type following functions in excel to get answer:

=NORM.DIST(112, 99.9, 30/SQRT(38),TRUE)

The value obtained = 0.9935

Answer d)

In this case we have to find P(x > 93)

x = 93

Mean = 99.9

Standard Dev. (For Sampling Distribution) = 30/SQRT(38)

Cumulative = TRUE (As we have to find probability that the sample average would be less than 90 pounds)

You will have to type following functions in excel to get answer:

=1 - NORM.DIST(93, 99.9, 30/SQRT(38),TRUE)

The value obtained = 0.9219

Following is the screenshot of excel sheet:


Related Solutions

Does anyone know how to do pseudocode on this topic? Write a program to perform the...
Does anyone know how to do pseudocode on this topic? Write a program to perform the following two tasks: 1. The program will accept a string as input in which all of the words are run together, but the first character of each word is uppercase. Convert the string to a string in which the words are separated by spaces and only the first word starts with an uppercase letter. For example, the string "StopAndSmellTheRose" would be converted to "Stop...
Does anyone know how to import data from Microsoft Excel code to use in R programming...
Does anyone know how to import data from Microsoft Excel code to use in R programming ?
Does anyone know how to access altitude and azimuth for different objects on Stellarium?
Does anyone know how to access altitude and azimuth for different objects on Stellarium?
With the Taft-Hartley act how does anyone know how much is too much relative to union...
With the Taft-Hartley act how does anyone know how much is too much relative to union dues? What is featherbedding and why is that a problem?
How do I make a skewness and kurtosis graph in Excel? Can anyone provide me a...
How do I make a skewness and kurtosis graph in Excel? Can anyone provide me a step?
do you know anyone with Executive Presence? What is their training?
do you know anyone with Executive Presence? What is their training?
Does anyone know to create a model of a ball and urn model of an American...
Does anyone know to create a model of a ball and urn model of an American Roulette Wheel? Please provide a detailed model with an explanation of how you came to the conclusion you did. And if possible, provide an example of using the model to solve a problem. Thank you!
Does anyone know these? 1) a) reactions that require an input of energy are called___ -...
Does anyone know these? 1) a) reactions that require an input of energy are called___ - is the answer endergonic /spontaneous ?? b) proteins on the surface of the coronavirus allow them too e enter into our cels during an infection by binding to receptors. since receptors pass through the plasma membrane these proteins are called _______. The virus enters by being engulfed by your cell in process known as ________ - is the answer: integral proteins, and phagocytosis? c)T/F...
Does anyone know how to solve this question? I am so lost. Thank you! You are...
Does anyone know how to solve this question? I am so lost. Thank you! You are studying the source of new virus that has recently infected humans. You suspect that the virus was transferred from other primates (they exhibit a similar infection), specifically chimpanzees, gorillas, or orangutans. You sample blood from several infected humans and sequence some viral genes. You then build a phylogenetic tree with the human sequences and all the known strains from each primate. Draw a hypothetical...
**I need to know how to do it by had without a financial calculator or excel....
**I need to know how to do it by had without a financial calculator or excel. Unsure of what formula to use.** If a 4-year bond with a 7% coupon and a 10% yield to maturity is currently worth $904.90, how much will it be worth 1 year from now if interest rates are constant? A)$947.93 B) $925.39 C) $904.90 D)$1,000.00
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT