Question

In: Statistics and Probability

A recent study shows that on average 21% of employees in the work population prefer their vacation time during March break.

 

A recent study shows that on average 21% of employees in the work population prefer their vacation time during March break. Vincent Company employs 55 people. Use the normal approximation to the binomial distribution to answer the questions below:

Required:

  1. Determine the expected value, and the standard deviation of that value, of the number of Vincent Company employees who would prefer their vacation time during March break. 
  2. What is the probability that more than nine Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram. 
  3. What is the probability that exactly nine Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram.  
  4. What is the probability that more than six, but less than ten, Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram. 

Solutions

Expert Solution


Related Solutions

QUESTION 3 (15 marks) A recent study shows that on average 20% of employees in the...
QUESTION 3 A recent study shows that on average 20% of employees in the work population prefer their vacation time during March break. Vincent Company employs 56 people. Use the normal approximation to the binomial distribution to answer the questions below: Required: Determine the expected value, and the standard deviation of that value, of the number of Vincent Company employees who would prefer their vacation time during March break. ( 3 marks) What is the probability that more than ten...
A company offers its employees dental care insurance. A recent study shows that the annual cost...
A company offers its employees dental care insurance. A recent study shows that the annual cost per employee had a normal distribution, with an average of $ 1280 and a standard deviation of $ 420 annually. What is the probability that a randomly chosen employee spends between $ 1,500 and $ 2,000 per year on dental expenses? What is the minimum cost to be in the top 10% for annual dental care? 8,000 employees are chosen at random. Approximately how...
. During a recent track meet, the average time for all people who ran the 100-meter...
. During a recent track meet, the average time for all people who ran the 100-meter dash was 11.4 seconds with a standard deviation of 0.6 seconds. Assuming the times were approximately normally distributed: a. What percentage of runners finished in less than 10.5 seconds? b. What percentage of runners finished in greater than 12 seconds? c. If a runner wanted to be in the top (fastest) 20% of times, what time would she or he need to beat? d....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT