Application of chebyshev inequality

Assignment Help Basic Statistics
Reference no: EM13103106

1. In an exam, the mean score is 70 and the variance is 16. What is the probability that a student's score will lie within the "54 to 86" range? (Hint: Use Chebyshev's inequality, as we saw in class). What percentage of students will lie within 2 standard deviations on either side of the mean score?

2. You are the CEO of a company that sells a product and your sales advisor tells you that the anticipated consumer demand for your product during next year follows a Normal distribution with mean 1,200 units and standard deviation 100 units.

a) What is the probability that sales will exceed 1,000 units?

b) What is the probability that sales will be between 1,100 and 1,300 units?

c) The probability is 10% that sales will be more than how many units?

Reference no: EM13103106

Questions Cloud

Information about probability question : Each salesperson at stiles compton is rated either below average, average, or above average with respect to sales ability. Each salesperson is also rated with respect to his or her potential for advancement.
Survey reported in the business week : According to a survey reported in the Business Week, 30% of adults in the U.S. said that the cell phone is the invention that they hate most but cannot live without.
Explain strategies to enhance patient intake efficiency : Write down 750- to 1,050-word essay explaining strategies to enhance patient intake efficiency not covered in text. Include the following components in your essay.
How far over does it land on the ground : A soccer ball lying on the ground is kicked with an initial velocity of 10.0 m/s at an angle of 37 degrees above the horizontal. How far over does it land on the ground?
Application of chebyshev inequality : In an exam, the mean score is 70 and the variance is 16. What is the probability that a student's score will lie within the "54 to 86" range?
What is the coefficient of volume expansion in the glass : If the coefficient of volume expansion of mercury is 18x10(^-5) (K^-1), what is the coefficient of volume expansion in the glass?
Demonstrate that gravitational energy is not extensive : Demonstrate that gravitational energy is not extensive: show that the gravitational energy of a sphere of radius 'r' and uniform density varies with volume V^n and find the exponent 'n'.
Computation of probability and chebychev inequality : The probability of contracting the kissing disease is .23 when one is exposed to a certain provocative environment. Sixty people are so exposed. What is the probability that no more than 10 are infected with this dreaded disease.
Estimating the proportion of vehicle : The State Transportation Department is interested in estimating the proportion of vehicle owners that are operating vehicles without the required liability insurance.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Sample size to test pediatric lung function

One suggested environmental determinant of pediatric lung function is the level of cigarette smoking in the home. A researcher wants to do a pilot study with two groups:

  Find out the value of p based on the expected values

If p is the probability of Event 1 and (1-p) is the probability of Event 2, based on the expected returns, for what values of p would you select A? B? C? Values in the table are payoffs.

  Analysis of variance of fast food restaurant data

An owner of a fast food restaurant reported to corporate headquarters that the average bill paid by his customers in the last quarter was $6.20 and that the standard deviation was $1.90.

  Probability related to distribution of sat scores

The distribution of SAT scores is normal with a m=500 and a standard deviation of o=100. What SAT scores (X values) separate

  Seasonal index exponential smoothing

The number of girls who attend a summer basketball camp has been recorded for the seven years the camp has been offered.

  Hypothesis test for correlation coefficient

Using the .05 significance level, can we conclude that there is a positive association between the two variables?

  F-statistic and the y intercept

In a regression analysis, three independent variables are used in the equation based on a sample of forty observations. What are the degrees of freedom associated with the F-statistic?

  Based on information-decision-goal to keep cost below

Based on the information in part (a), what decision should the director make about the books used for the courses if the goal is to keep the cost below $300?

  Hypotheses to determine mean

Formulate the hypotheses that can be used to determine whether the mean of all account balances is significantly different from $1,150

  What is the p-value for a test of the hypotheses

How large should n be so that a 90% confidence interval for µ has a margin of error and What is the P-value for a test of the hypotheses

  What is the best contractor-to-suburb match

The Greenberg public hearing meeting turned stormy. Citizens from four suburbs were gathered at city hall to try to get the city's federal funds for their own suburbs. The government recently awarded $750,000 to the city for road improvements. The..

  Describing difference in variances

At α = .05, is there a difference in variances? Illustrate all steps clearly, including illustration of the decision rule.

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