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Q1) Determine the probability, P(Z < 0.17), using standard normal distribution.
i) .8300
ii) .4325
iii) .5675
iv) .0675
Q2) Average height of flowering cherry trees in nursery is 11 feet. If heights are normally distributed with standard deviation of 1.6, determine probability that randomly chosen cherry tree in this nursery is less than 13 feet tall.
i) 0.67
ii) 0.89
iii) 0.95
iv) 0.11
Q3) Mrs. Smith's reading class can read mean of 175 words per minute with standard deviation of 20 words per minute. Top 3% of class is to get a special award. What is the minimum number of words per minute a student would have to read to get award?
For a population with a mean of μ = 60 and a standard deviation of σ = 24, find the Z score corresponding to each of the following samples.
Compare the percentage found in b) to percentage given by Empirical Rule and Chebyshev's Rule. (Make a table 3 x 3).
Criterion of realism or Hurwitz. Assume that the payoff from an investment depends on market conditions. Illustrate what is the criterion of realism value.
Determine the point estimate? Give the symbol and value.
For value 10,40,20,50 and 40, value of arithmetic mean is? Simplest measure of dispersion is the Standard deviation, variance, Quartile deviation.
The sample size n, the sample means, and the sample standard deviations for the two groups are given
Scores on certain nationwide college entrance examination follow normal distribution with mean of 500 and a standard deviation of 100. Determine the probability that student will score?
Illustrate what amount of sales would be required to be a super savings club member. Elucidate amount of sales would be required to be a gold club status.
Determine the sample size needed in order to be 99% confident that the sample proportion of the current customer accounts is within .03 of the true proportion of all current accounts for this company.
Compute test statistic for sample data that you would use to test whether sample mean varies from population mean of 10 pounds at a 5 percent level of significance in two-tailed test.
Estimate with 90% confidence the difference in the level of satisfaction with service between the two branches.
Find out the probability that the return for common stocks will be more than 0%.
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