A person's blood glucose level and diabetes are closely related. Let x be a random variable measured in milligrams of glucose per deciliter (1/10 of a liter) of blood. Suppose that after a 12-hour fast, the random variable x will have a distribution that is approximately normal with mean μ = 90 and standard deviation σ = 27. Note: After 50 years of age, both the mean and standard deviation tend to increase. For an adult (under 50) after a 12-hour fast, find the following probabilities. (Round your answers to four decimal places.)
(a) x is more than 60
(b) x is less than 110
(c) x is between 60 and 110
(d) x is greater than 125 (borderline diabetes starts at 125)
In: Statistics and Probability
You are interested in finding a 95% confidence interval for the mean number of visits for physical therapy patients. The data below show the number of visits for 10 randomly selected physical therapy patients.
| 25 | 28 | 22 | 19 | 15 | 20 | 7 | 27 | 23 | 6 |
a. To compute the confidence interval use a ? z t distribution.
b. With 95% confidence the population mean number of visits per physical therapy patient is between and visits.
c. If many groups of 10 randomly selected physical therapy patients are studied, then a different confidence interval would be produced from each group. About percent of these confidence intervals will contain the true population mean number of visits per patient and about percent will not contain the true population mean number of visits per patient.
In: Statistics and Probability
You want to compare the community diversity of two bird populations in Indonesia. The bird communities were surveyed in a pristine unlogged forest and in a selectively logged lowland. What is the Shannon Diversity Index for Community 2 and how does the diversity of community 2 compare to community 1?
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a)Hs = 1.022; Diversity between the two communities is
equal
b)Hs = 1.45; Diversity in Community 2 is greater
c) Hs = 0.85; Diversity in Community 2 is lower
d)Hs = 0.91; Diversity in Community two is lower
e)Hs = 1.32 Diversity in Community two is higher
In: Biology
Patterson Products Inc. is considering an upgrade to its manufacturing equipment. The two upgrade options under consideration are shown below.
| Option 1 | Option 2 | |
| Direct materials cost per unit | $18 | $15 |
| Direct labour cost per unit | $34 | $27 |
| Variable overhead per unit | $26 | $32 |
| Fixed manufacturing costs | $2,000,000 | $3,000,000 |
The selling price of the company's product is $120 per unit with variable selling costs of 5% of sales. Fixed selling and administrative costs are $3,300,000 per year. There would be no change to the selling price, variable selling costs, or fixed selling and administrative costs as the result of the manufacturing equipment upgrade.
Required
At what annual number of unit sales would Patterson Products Inc. be indifferent between the two upgrade options?
In: Accounting
The city council of Pine Bluffs is considering increasing the number of police in an effort to reduce crime. Before making a final decision, the council asked the chief of police to survey other cities of similar size to determine the relationship between the number of police and the number of crimes reported. The chief gathered the following sample information: City Police # of crimes City Police # of crimes Oxford 15 17 Holgate 17 7 Starksville 17 13 Carey 12 21 Danville 25 5 Whistler 11 19 Athens 27 7 Woodville 22 6 a) Determine the regression equation. (Show your work) b) Determine the number of crimes for a city with 20 police officers. c) Determine the standard error of estimate. d) Determine the coefficient of determination. Interpret the coefficient of determination
In: Statistics and Probability
Income (in 1960 dollars/person) for European countries and the
percent of the labor force (in %) that works in agriculture in 1960
are in the table below ('OECD economic development,' 2013). Test at
the 8% level for a negative correlation between percent of labor in
agriculture and income of European countries.
| percent of labor in agriculture | income |
|---|---|
| 15 | 1035 |
| 36 | 529 |
| 42 | 290 |
| 44 | 238 |
| 11 | 1361 |
| 11 | 810 |
| 25 | 839 |
| 20 | 977 |
| 27 | 504 |
| 20 | 1013 |
| 18 | 1049 |
| 56 | 324 |
| 23 | 681 |
| 79 | 177 |
| 4 | 1105 |
What is H0:
What is HA:
Test statistic, t=
t=r√(1−(r)2(n−2))t=r(1-(r)2(n-2)) =
Make a decision
State a conclusion
In: Statistics and Probability
question 27
This morning, Alicia bought a ten-year 8% coupon bond that pays interest annually. She paid $994 for a $1,000 bond. If the market interest rate on this type of bond declines to 6.5% tonight, how much will Alicia receive for her first interest payment?
Select one:
a. $69.58
b. $40.00
c. $32.31
d. $80.00
e. $70.00
question 26
Your portfolio consists of two stocks. You have $2500 in stock A and $7500 in stock B. The returns for stock A have a standard deviation of 20% and the returns for stock B have a standard deviation of 10%. The correlation coefficient between A and B is 0.1. What is your portfolio standard deviation?
Select one:
a. 9.4%
b. 10.5%
c. 6.8%
d. 11.2%
e. 10.2%
In: Finance
Problem 1:
An ophthalmologist’s office operates 52 weeks per year. It purchases disposable contact lenses for $11.70 per pair. The following information is available about these lenses.
Demand = 90 pairs/week
Order cost = $54/order
Annual holding cost = 27% of purchasing cost
Desired cycle-service level = 80%
Lead time = 3 weeks
Standard deviation of weekly demand = 15 pairs
Current on-hand inventory is 320 pairs, with no open orders or backorders.
Part I Currently, the company uses a continuous review system,
A) What is the EOQ? What would be the average time between orders (in weeks)?
B) What should be the safety stock? What should the reorder point be?
c) An inventory withdrawal of 10 pairs was just made. Is it time to reorder?
In: Economics
A person's blood glucose level and diabetes are closely related. Let x be a random variable measured in milligrams of glucose per deciliter (1/10 of a liter) of blood. Suppose that after a 12-hour fast, the random variable x will have a distribution that is approximately normal with mean μ = 82 and standard deviation σ = 27. Note: After 50 years of age, both the mean and standard deviation tend to increase. For an adult (under 50) after a 12-hour fast, find the following probabilities. (Round your answers to four decimal places.)
(a) x is more than 60
(b) x is less than 110
(c) x is between 60 and 110
(d) x is greater than 125 (borderline diabetes starts at
125)
In: Statistics and Probability
. Dr. Chappel wishes to investigate the relationship between birthweight and the estriol level of pregnant women. A random sample of eight women were chosen in a Houston hospital and Dr. Chappel tabulated her data as follows.
|
Estriol (mg/24 hr) |
9 |
14 |
21 |
16 |
24 |
25 |
18 |
20 |
|
Birthweight (g/100) |
25 |
27 |
30 |
32 |
28 |
36 |
29 |
38 |
In: Statistics and Probability