Determine the probability that a randomly chosen business

Assignment Help Other Subject
Reference no: EM131029308

Question 1:

Question 1 of the assignment requires you to analyse a given data set, interpret, and draw conclusions from your analysis using EXCEL.

Question 1 relates to the data file Smartphone.xls which can be downloaded from the assignment tab on the portal. Analysis of the data for this question requires the use of techniques taught in week 1 and week 2, that is Descriptive Statistics.

Please complete the following table by classifying the variables as being either Discrete or Continuous:

Variable

Discrete / Continuous

Income

 

 

Gender

 

 

Monthly Bill

 

 

Data

 

 

Online Purchase

 

 

Age

 

Part (ii)

Please provide a descriptive statistics summary of Monthly Bill. (Hint: You should use the Data Analysis tool pack from Excel to perform the necessary analysis. Please attach the Excel output in your answer.

In addition, you should provide a relevant chart or graph that will illustrate the important features of the data.

Present your answer in a report format of no more than 200 words.

Part (iii)

Following the discussion you have carried out in part (i) above, now please provide an analysis of the Monthly Bill by gender using the same data set. Present your answer in a report of no more than 200 words. All answers must be accompanied with the relevant Excel output with necessary charts.

Question 2:

Information about trade union menii-,ership and gender was obtained from the results of a surrey conducted in 2010 by the ABS. The data about trade union membership and gender are presented in the two-way table below.

'

Member of a trade
union (T)

Not a member of a trade
union (T¯)

Totals

Female (F)

880

3520

 

Male (M)

920

3780

 

Totals

 

 

 

a. Copy the table into your assignment and complete all row and column totals in the table.

b. If one employee is selected at random from those surveyed, find the probability that this employee is a member of a trade union.

c. If one employee is selected at random from those surveyed, find the probability that this employee is female given that the selected employee is not a trade union member.

d. Are the events. "member of a trade union' and 'being a female employee' independent? Justify your answer using probabilities.

Question 3:

A study into the survival rates of Australian Businesses found that of the businesses operating in 2007. 95.8% were classified as small businesses (i.e. they had fewer than 20 employees). If a business is not classified as a small business, the probability that it is still operating after four wars is 75.7%. If a business is classified as a small business, then the probability of its still operating after four years is 59.7%.

a. Using letters of the alphabet and appropriate probability notation, define the two simple events described in this problem their complements.

b. Draw a probability tree to represent the information given in the question using the letters that you used to define the simple events in part a.

c. Determine the probability that a randomly chosen business has fewer than 20 ernployees and will still be operating after four years.

d. Determine the probability that a randomly chosen business will no longer be operating after four years.

e. Given that a business that had been operating more than tour years ago is no longer operating, what iN the probability that it had been a business?

Question 4:

Government research has found that 78% of people aged 15 to 19 who live in a major city are attending an educational institution. The research also found that only 40% of people aged 15 to 19 who live in very remote parts of the country are attending an educational institution.

A sample of 25 people aged 15 to 19 living in very remote areas of the country is selected.

a. Identify the type of distribution being described bv the random variable in the sentence above and write down the value(s) of its parameter(s).

b. Calculate the probability that less than half of these 25 people are attending an educational institution.

Another sample of one hundred 15-to 19-year-olds living in a major city is selected. The number attending an educational institution is counted.

c. Calculate the probability that more than three quarters of these 15- to 19-year olds are attendirig an educational institution.

d. Calculate the probability that more than 25 but fewer than 7 of these 15- to 19- year-olds are attending an educational institution.

Attachment:- Assignment.rar

Reference no: EM131029308

Questions Cloud

Explain why costs and time lags subsequently render : Explain why costs and time lags subsequently render much criticism to the arbitration process. List solutions and the ways to improve these situations. (200 words or more with references)
What are three reasons an arbitrators decision : What are three reasons an arbitrator's decision may not be the final and binding decision? Provide court examples defending your reasons.
Explain how the aggregate expenditure function shifts : The economies of many countries in the rest of the world go into recessions.
An office security system has two component parts : An office security system has two component parts, both of which must work for the system to function. Part 1 has a reliability of 80 percent, and part 2 has a reliability of 98 percent. To improve the reliability of the system, the company plans to ..
Determine the probability that a randomly chosen business : Determine the probability that a randomly chosen business has fewer than 20 ernployees and will still be operating after four years.
Engender requests for larger and larger budgets : What might be some alternative goals besides self interest that might engender requests for larger and larger budgets? Are these goals mutually exclusive? How would you go about trying to distinguish the self interest goals from any others?
Give the domain and range of the rational function : Explain the relative maximum and relative minimum of the polynomial in the interval [-3,2]. Is there a different between the relative maximum and minimum and the absolute maximum and minimum?
Demonstrate effectiveness of an investigational drug : A study was conducted to demonstrate the effectiveness of an investigational drug product in reducing the number of epileptic seizures in patients who have not been helped by standard therapy. Thirty patients participated in the study, with 15 ran..
What tactics or information might persuade them to apply : Let's assume you are a staffing manager at a start-up company that almost nobody knows but you are so excited and certain about the company's growth. What could a recruiter do to interest others in applying for a company they have never heard of befo..

Reviews

Write a Review

Other Subject Questions & Answers

  Nonhospital-nonphysician sectors of healthcare industry

List the major nonhospital and nonphysician sectors of the healthcare industry. Describe the two major theories used for the detection of out-of-control costs.

  What fraction does represent of the total mass of hydrogen

Use the value of the Sun's luminosity to calculate what mass of hydrogen the Sun will convert into helium during its entire main-sequence lifetime of 1.2 x 10 10 years. (Assume that the Sun's luminosity remains nearly constant during the entire 1...

  What does home economics mean to you

What does home economics mean to you? When you hear the words "home economics", what do you think, by that I mean what image do you conjure up in your head

  Explain fictitious client not a real person who suffers

describe a fictitious client not a real person who suffers from one of the mental illnesses you read about this week

  Strategies to advance your career using your strengths

Develop strategies to advance your career using your strengths. How can you use goal-setting to increase motivation and improve job performance?

  Escalation of commitment in play in gm decision

Throughout its existence, Saturn has never turned a profit for General Motors. Research the history of Saturn and GM's decision to continue funding it (although GM has now decided to close down the auto maker). Why hadn't Saturn made a profit? Was..

  Human history shaped politics-economics more than cold war

Perhaps no series of events in human history shaped politics and economics more than the Cold War. It was 50 plus years of tension, threats, fears, and unique decisions. In this weeks two readings I would like you to discuss what you consider the maj..

  Naturalistic and public environment

Stated and explained ideas for four different observational studies you might like to conduct in a naturalistic and public environment.

  Did you find any errors that the researcher made

lease do this for the researcher and report your findings. Be sure to check it for possible coding errors, as well as complete the screening of the data to see if the data meet assumptions for parametric tests. Did you find any errors that the res..

  Developmental stages in adolescence or young adulthood

Public Media: Adolescence OR Young Adulthood Find an article in the public media (e.g., newspaper, magazine, radio, TV, web page) that relates in some way to the developmental stages we are learning about in Weeks 4 and 5 (Adolescence or Young Adulth..

  Social-strata-bronze-silver and gold

Three social-strata (Bronze, Silver and Gold) that exist in the Kallipolis. What is the contribution of each class to the overall health of the state?

  Skepticism-rationalism-empiricism-realism and idealism

Explain the historical development for each of the following schools of thought: Skepticism, Rationalism, Empiricism, Realism, Idealism

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd