Standard normal distribution-binomial distribution

Assignment Help Basic Statistics
Reference no: EM13104184

It is estimated that the probability that the general population will live past their 85th birthday is 5.4%. Use the standard normal distribution to approximate this Binomial problem and answer the following questions.

Out of a sample of 600, what is the probability that fewer than 30 will live beyond their 85th birthday?

Reference no: EM13104184

Questions Cloud

Understanding and calculating probability distribution : A researcher is studying IQ levels. From past experience she knows the population mean IQ for adults is 110 and the standard deviation is 15.
Men and women in dual-earner marriages : A sample of 1545 men and an independent sample of 1691 women were used to compare the amount of housework done by men and women in dual-earner marriages.
Type of ticket or flight-independent or not : The data obtained are shown in the Excel worksheet Problem 4 and below. You are to test to determine if the type of ticket and the type of flight are independent or not. Use alpha = .05
Probability-tire company : A tire company made a sampling distribution on one of its brands of tires and determined that the tire had a mean life of 56,000 miles with a standard deviation of 18,100 miles.
Standard normal distribution-binomial distribution : It is estimated that the probability that the general population will live past their 85th birthday is 5.4%. Use the standard normal distribution to approximate this Binomial problem and answer the following questions.
Determine the mad : Use exponential smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar given in problem 4.10 to begin the procedure.
Estimating lowest cost : An organization is considering three process configuration options. There are two different intermittent processes, as well as a repetitive focus. The smaller intermittent process has fixed costs of $3,000 per month, and variable costs of $10 per uni..
Knowledge about decision tree : An electric power trading company has an option to buy 1,000,000 terawatts of electricity from a producer for $10 per terawatt. Other electric power trading companies have received this option and the company knows a decision must be made quickly.
Finding the crossover point : A product is currently made in a process-focused shop, where fixed costs are $9000 per year and variable cost is $50 per unit. The firm is considering a fundamental shift in process, to repetitive manufacture.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Coefficient of determination between hours studied

For one of the first statistics exam, the coefficient of determination between hours studied and the grade earned was 80 percent. The standard error of estimate was 10.

  Null hypothesis of equal mean rates for a type-i error rate

Assume that p-value was 0.07, would you reject null hypothesis of equal mean rates for a Type- I error rate of 5%? (Circle one).

  Research regarding diabetes and alcohol consumption

Read the data from the fictitious research study regarding diabetes and alcohol consumption, and analyze and interpret the results.

  What is the level of measurement for the variable

What is the level of measurement for the variable, "political ideology" measured as "Very Conservative", "Conservative","Moderate", "Liberal" and "Very Liberal".

  Interpret the interval-household income for sub scribers

Develop a 95% confidence interval for the mean amount of household income for sub- scribers to Young Professional magazine. Interpret this interval.

  Normal distribution and percentage of light bulbs

If light bulbs have lives that are normally distributed with a mean of 2500 hours and a standard deviation of 500 hours, what percentage of light bulbs have a life less than 2500 hours?

  Probability of returning questionnaires

Suppose a marketing research firm sends questionnaires to 10 different companies. Assuming that each company, independently of the others, returns its completed questionnaire with probability 0.40, what is the probability that 5 or less questionna..

  What is the probability of the given data

What is the probability that of the last 100 new juvenile delinquents put on probation, 30 or more will commit another crime?

  Analysis of variance-simple explanantion

Please explain the term analysis variance so a person without formal statistics education can understand.

  Interaction dummy variables

Let's suppose that we have 2 variables year and age.. I use STATA to make them into dummy variables as follows:

  Description of the dataset

Examine the residual files and produce appropriate residual plots to examine the assumptions. Are the Level-1 residuals normally distributed? Are the level-2 residuals multivariate normal? How do you know?

  Enough evidence to support the claim

This test result prompts a state administrator to declare that the mean score for the sate's eighth graders on the examination is more than 275. at a=.04, is there enough evidence to support the claim.

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