Normal probability distribution and the standard deviation

Assignment Help Basic Statistics
Reference no: EM1385706

For the most recent year available the mean annual cost to attend a private university in the US was $26,889. Assume the distribution of annual costs follows a normal probability distribution and the standard deviation is $4,500. 95% of all students at private universities pay less than what amount?

Reference no: EM1385706

Questions Cloud

Money spent uniformly distributed between amounts : According to the Insurance Institute of America, a family of four spends between $400 and $3800 per year on all types of insurance. Suppose the money spent is uniformly distributed between these amounts.
What is the efficiency rating of the current operation : What is the efficiency rating of the current operation? If the company decides to use only one container, how many parts must it hold?
Write function to calculate and print fractional powers : Write down a function which calculates and prints fractional powers of its first argument as shown below for first argument of 2(1/2,1/4,1/8 and so on).
Development of virtuous character : Some virtue theorists maintain that the development of virtuous character requires the right sort of society and culture. What are the arguments for and against that claim?
Normal probability distribution and the standard deviation : For the most recent year available the mean annual cost to attend a private university in the US was $26,889. Assume the distribution of annual costs follows a normal probability distribution and the standard deviation is $4,500. 95% of all studen..
What is the number of containers currently in use : What is the number of containers currently in use? If the number of parts a container holds is increased to 24 parts, how many containers are needed?
Ethical theories-compare and contrast : Ethical theories can be divided in the following two groups: teleological (consequential) and deontological (non-consequential). First, discuss what teleological ethical theories and deontological theories of ethics
Plot of the regression residuals : Examine the plot of the regression residuals against t. Is there a tendency for the residuals to have long positive and negative runs? To what do you attribute this phenomenon?
Difference between personal and organizational ethics : Critically discuss the difference between personal and organizational ethics? How do they relate? Can personal ethics conflict with the culture of an organization? Explain.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Computing bivariate correlation coefficient

True or False? Bivariate correlation coefficient always has same sign as b 1 in Y = b 0 + b 1 X.

  Identify the type of random variable

An experiment consists of making 80 telephone calls in order to sell a particular insurance policy.

  Find the confidence interval for single mean

What sample size would be needed to obtain an error of +/- 10 square millimeters with 99% confidence?

  Determining sample size using cofident

How large sample size must be taken to be 95% confident.

  Determining the chi-square statistic

Determine expected cell counts if null hypothesis is true and show them in a two-way table. Determine the chi-square() statistic?

  Determining sample size using standard deviation

Pilot sample of n = 50 tires illustrated sample standard deviation equal to 4,000 miles. Based on this information, required sample size is?

  Regression analysis with prediction intervals

Describe the difference in the fit provided by the two estimated regression equations.

  Which geographical method do you think is best

Based on this survey, what conclusions can you reach about the use of the Internet at work.

  Chi-square by using independence

High levels of cockpit noise in an aircraft can damage the hearing of pilots who are exposed to this hazard for many hours

  Mutually exclusive events and independent event

Given that P (A) = 0.7, P (B) = 0.5, and P (A B) = 0.8. Find the following probabilities:

  Evaluate the p-value of the anova f test

The hypotheses tested by the one-way ANOVA F test - Evaluate the P-value of the ANOVA F test

  Would a better economy lead you to switch jobs

If a worker is chosen at random, what is the probability that he or she.Is very improbable to switch jobs. Is somewhat likely or very likely to switch jobs.

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