Assume that a normal model can be applied

Assignment Help Basic Statistics
Reference no: EM1316477

The probability using the normal distribution.

Environmental Protection Agency (EPA) fuel economy estimates for automobile models tested recently predicted a mean of 24.80 mpg and a standard deviation of 6.2mpg for highway driving. Assume that a normal model can be applied.

(a) Draw the model for auto fuel economy. Clearly label it, showing what the 68-95-99.7 Rule predicts about miles per gallon.

(b) In what interval would you expect the central 68 percent of autos to be found?

(c) About what percent of autos should get more than 31 mpg?

(d) About what percent of cars should get between 31 and 37 mpg?

(e) Illustrate the gas mileage of the worst 2.5% of all cars.

Reference no: EM1316477

Questions Cloud

Evaluation of stock price and stock : Calculation of stock price and stock to be allotted with given data - c. How many shares of common stock must be issued at the value computed in part b to eliminate the deficit computed in part a?
Any significant difference among two proportions : To test is there any significant difference among two proportions. The Damon family owns a large grape vineyard in western New York along Lake Erie.
Computation of expected rate of return using capm approach : Computation of expected rate of return using CAPM approach and what is the default risk premium on the corporate bond
Production function-statistical significance of function : You are planning a short-run production function for your firm, and you have collected the following data on labour usage and output: Calculate estimates of total. Average, and marginal products when the firm employs 23 workers
Assume that a normal model can be applied : Environmental Protection Agency (EPA) fuel economy estimates for automobile models tested recently predicted a mean of 24.80 mpg and a standard deviation of 6.2mpg for highway driving. Assume that a normal model can be applied.
Find rogers'' breadeven level of sales : CVP analysis involves calculation of breakeven point in units - Find Rogers' breadeven level of sales at the level of fixed operating cost?
Preparing tables of descriptive statistics : Prepare tables of descriptive statistics (mean, median, Quartiles, IQR, and Standard Deviation) by firm for net profit margin (PROFITS). Discuss.
Among appropriate statistical certainty which the proportion : To find out the proportion of the population of likely voters who agree the statement. Could we say among appropriate statistical certainty which the proportion of the population of likely voters.
Computation of required rate of return using capm approach : Computation of required rate of return using CAPM approach and which security would be the best investment

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability for student with master-s degree in english

Compute the probability that randomly chosen student with a Master's degree majored in English or mathematics?

  Test for independence-chi square

Sixty-four students in an introductory college economics class were asked how many credits they had earned in college, and how certain they were about their choice of major.

  Independent t-test with equal variances not assumed

Compute a 95% confidence interval for the mean difference in the percentage of bone loss between two groups.

  Determining z values

Find out z values for 29 and 34 hours. What percent of garages take between 32 hours and 34 hours to erect?

  Twotail test to claim average cottage cheese consumption

Which of following statements would be right concerning a twotail test at 0.05 level of significance? We can conclude that average cottage cheese consumption in America is at least 0.705 pound more or less than 2.75 pounds per person per year.

  Find the possibility that the household selected

the probability that a household is both prosperous and educated is P (A and B) = 0.082. What is the probability P (A or B) that the household selected is either prosperous or educated.

  Least-cost shipping schedule

Using What's Best! (or Solver) determine the least-cost shipping schedule, where each of three (3) hardware vendors provide up to two hundred (200) units and each of six (6) buyers demand one hundred (100) units.

  Creating confidence interval for population mean

Create a 95% confidence interval for population mean. Is it sensible that population mean is 28 weeks? give explanation for your answer.

  Forecasting of data in probability

Recent actual and forecasted data for product XYZ is given in the following table.

  Difference in means between two populations

Any analysis required to check the required conditions (note that if you find that you cannot meet the required conditions for the test you expected to do, you must use the appropriate non-parametric test)

  Determination software issues

At.05 significance level is it reasonable to conclude that it takes longer to determination software issues? Determine the p-value?

  Probability that person will fall in book keeping category

One person's file is chosen at random. Find out probability that selected person will fall into following categories. Book keeping.

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