Calculate the mean-variance and standard deviation

Assignment Help Basic Statistics
Reference no: EM131444843

An oil company stores gasoline in five different types of tanks A, B, C, D, and E. The data on the storage capacities (in millions of gallons) of the tanks of type A, B, C, D, and E and the available number of tanks of each type are as follows: Storage capacity: 54.3 83.4 78.5 65.4 41.4. œ ß œ ß œ ß œ ß œ " % & $# Number of available tanks of each type: 538, 894, 727, 632, and 478. Assume A œ A œ A œ A œ A œ " # $ % & that all the tanks are filled to the capacity, and calculate the mean, variance, and standard deviation of the quantity stored in the tanks.

Reference no: EM131444843

Questions Cloud

Develop a strategy for investing in two different stocks : You are trying to develop a strategy for investing in two different stocks. The anticipated annual return for a$1,000 investment in each stock under four different economic conditions has the probability distribution shown to the right.
Describe albert bandura and the social cognitive theory : What is the difference between Classical and Operant Conditioning?What are some learning theories? Which has had the greatest effect on studying personality? Why?Describe Albert Bandura and the social cognitive theory.
Describe fundamental value of effective variance analysis : Describe the fundamental value of effective variance analysis and variance reporting in healthcare organizations. Describe the benefits of an alert-based decision support management system for healthcare organizations today.
Determine the p-value and interpret the result : Find the p-value and explain what it means.b. Using the maintenance cost variable, conduct a test of hypothesis to determine whether the mean maintenance cost is less than $500 at the .05 significance level. Determine the p-value and interpret the..
Calculate the mean-variance and standard deviation : Assume A œ A œ A œ A œ A œ " # $ % & that all the tanks are filled to the capacity, and calculate the mean, variance, and standard deviation of the quantity stored in the tanks.
Derive the is and lm equations for the given economy : Interest rates, i and r, are expressed in percentage points, i.e., if r = 2.5, then r = 2.5%. Suppose the IS-LM model can used be to describe Utopia, and answer the following questions. Keep your answers to a minimum of THREE decimal points (for f..
What is the probability that a student : Scores on exam-2 are normally distributed with a mean of 66 and standard deviation 1.5 a) What is the probability that a student selected at random has a score below 60 on this exam?
What is the management function of controlling : Locate an example of a policy or guideline from an external source to a healthcare organization. Explain how this policy or guideline may be a constraint to a healthcare organization's planning, or how it may shape the healthcare organization's ph..
What are the null and alternate hypotheses being tested : A local paper believes that over 40% of all residents read its newspapers. In a random sample of 200 residents, 55% state that they read the paper. What are the null and alternate hypotheses being tested?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-hypothesis testing problem

A sample of 100 mortgages approved during the current year showed that 31 were issued to a single-earner family or individual. The historical average is 25 percent.

  Find probability that sample mean is between a range

Standard deviation of 10 minutes. A random sample of 16 cars is selected. What is the probability that the sample mean is between 45 and 52 minutes.

  Find the probability both circuit boards are defective

If 2 circuit boards are selected at random without replacing the first, what is the probability both circuit boards are defective?

  What was the percentage for each leader

Shouldn"t say never, two have made it from maybe twenty. This one makes it, Does anyone know what the popular vote was.? What was the percentage for each leader?

  Security breach at bj wholesale club

Read "In the Matter of BJ's Wholesale Club, Inc., FTC File No. 042 3160, June 16, 2005, Agreement Containing Consent Order" at www.ftc.gov/opa/2005/06/bjswholesale.htm.

  Compare the performance of stocks

Imagine that you have a portfolio of stocks. You want to compare the performance of your stocks to the market as a whole. You learn that the population mean,μ, of stock returns is 7%, and that the population standard deviation, σ, is 2%.

  Show statistical data using graphic and tabular techniques

Calculate the measures of central tendency, dispersion, and skew for your data. Display your descriptive statistical data using graphic and tabular techniques.

  Conclusion in nontechnical terms

Assuming that a hypothesis test of the claim has been conducted and that the conclusion is failure to reject the null hypothesis, state the conclusion in nontechnical terms.

  A 90 confidence interval for the mpg of the ford c-max is

a 90 confidence interval for the mpg of the ford c-max is 40.59 45.01. this interval is based on n 10. if we computed

  How many card holders be sampled if standard deviation given

The standard deviation is thought to be $750. How many card holders should be sampled? Your company charges a set dollar amount for each account in the sample.

  Mutual fund alternatives with the following restrictions

1.Dave has $100,000 to invest in 10 mutual fund alternatives with the following restrictions. For diversification, no more than $25,000 can be invested in any one fund.

  Creation and effects of the cotton gin

Write a short paper on the creation and effects of the Cotton Gin. Everything that is referenced or compared must be before 1875.

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