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Suppose the age of buyers were collected and the data follows the bell curve (a normal distribution). The buyers had an average age of 47 years and a standard deviation of 5. The ranges and percentages become
Range Percent Cumulative Pct32 to 37 2.5 2.537 to 42 13.5 1642 to 47 34 5047 to 52 34 8452 to 57 13.5 97.557 to 62 2.5 100
1. What is the probability of finding buyers with a value of age greater than 42 years?2. What is the probability of finding buyers with a value of age less than 52 years?3. What is the probability of finding buyers with a value of age between 37 and 52 years?
Use a 95% CI to estimate the difference between the proportions of men and women managers who are married. Interpret the interval and what is the conclusion in terms of the populations from which the samples were drawn.
A supplier of 3.5" disks clams that only 1% of the disks are defective. In a random sample of 600 disks, it is found that 3% are defective, but the supplier claims that this is simply a sample fluctuation. At the 0.01 level of significance, test t..
The combined production level should not exceed 1200 units per month. The demand for product II is no more than half the demand for product I.
Each organization gets a 90% confidence interval. About how many of these intervals should cover the population average?
Richard is one of test takers. Find out the number of questions he can expect to get right on test by random guessing.
A manager of a small store wanted to discourage shoplifters by putting signs around the store saying "Shoplifting is a crime!" However, he wanted to make sure this would not result in customers buying less.
For a sample of 36 students in a class the mean score in Mathematics is 72 with a standard deviation of 7. Find the 95% confidence interval for the mean score.
As a result of an increase in demand for a town's parking facilities, the owners of a car park are reviewing their business operations. A decision has to be made to choose one of the following options:
The standard screening test for Down's syndrome is based on a combination of maternal age and the level of serum alpha fetoprotein. Using the test 80% of Down's syndrome cases can be identified while 5% of normals are detected as positives.
Conduct a test at the .05 level of significance to determine if there is any difference in the mean selling price of new homes in Omaha versus Kansas City.
A store manager wishes to find out whether there is a relationship between the age of her employees and the number of sick days they take each year. The data for the sample are shown below:
Your mayor just announced that the local unemployment rate dropped last month from the prior month. It went from 10.5% to 10.4%. Is this a significant drop? Explain.
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