Find the following probability of z-distribution

Assignment Help Business Economics
Reference no: EM131950670

1. You will be finding probabilities using excel. Use the Excel instructions for Binomial Distribution (=BINOMDIST(x, n, p, true or false)) and/or Excel Instructions under Excel Examples folder to evaluate the following problems. State which probabilities are unusual. 

a.) P(X ≤ 8), n = 20, p = .8 b.) P(X > 6), n = 10, p =.15

c.) P(X < 14), n = 40, p = .35  

2. Construct a binomial distribution (table) using Excel functions for the following: Twelve percent of people in the US eligible to donate blood do. You randomly section 15 eligible blood donors and ask them if they donate blood. Create the histogram of this probability distribution. Describe the histogram. 

3. Use Excel functions to find the following probability of Z-distribution

a.) P(Z < -1.74) b.) P(Z > .58)

c.) P(-1.4 < Z < 2.1)

4. Use Excel functions to find the following probability of Normal distribution

a.) P (X > 70) when X ~ N (65, 10)

b.) P(20 < X < 40) when X ~ N (32, 12)

5. Use Excel functions to find the X value(s) given the probability when X ~ N(45, 5)

a.) P18 b.) Q3

Reference no: EM131950670

Questions Cloud

Percent and the required rate of return : The project is estimated to have annual cash flows of $1,210,000 with a cost of $475,000. The tax rate is 35% percent and the required rate of return is 11% per
What is the present value of the cash flows : The appropriate real discount rate for the company is 8% percent. Assume all cash flows received at the end of the year.
Republican candidate in a state senate race : A random sample of n=1100 registered voters and found that 570 would vote for the republican candidate in a state senate race.
Describe ethical boundaries in clinical psychology : A diagnosis for a female with Somatic Symptom Disorder, and depression, explain your rationale for assigning these diagnoses on the basis of the DSM.
Find the following probability of z-distribution : Use Excel functions to find the following probability of Z-distribution
How you will promote your product or service in detail : Imagine that you are planning to sell a new product or service, such as a new energy drink, a cleaning service, vitamin water for dogs and cats.
What is the mean fro the probability distribution : The following table shows a police department's data on the probabilities that 0, 1, 2, and 3 burglaries will be reported in a given day.
Identify three out of five skills or competencies you have : Articulate the responsibility of global citizenship and multicultural understanding with regard to academic and professional pursuits.
Report on organisation and sector leadership : Assignment: Report on Organisation and Sector Leadership - itically evaluate how certain types of leadership/management styles impact people performance

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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