Ans1

Given

Sample Size 50
Mean 1.01
Std Dev 0.05
Normal Distribution 0
Normal Distribution2 0.62
Probability 0.62

Ans 2
Mean 1
Std Dev 0.01
Normal dist 0.94
Normal dist 0.06
Probability 0.88

Ans 3
Mean 1.01
std dev 0 Population of std dev
1.01
0.99
Probability 0.9

Ans 4 For 95%

Mean 1.01
Std Dev 0 Population of std dev
Probability 0.95

use goal seeker to find the value of sd for which prob distribution should be 90% ie 0.9
Hence after using goal seek, the derived value of sd is 0.001215665 with prob distribution
For 99%
Mean 1.01
Std Dev 0 Population
Prob 0.99

Ans 6
Given data that it cost $150 x^2 to decrease the standard deviation by x/1000
 $150*x*x s.d.-x/1000

For 90%
s.d 0.03 x=

For 95%
s.d 0.04 x=

For 99%
s.d. 0.04 x=

Ans 7)

Mean 1
Cost $80

For 90%
s.d 0.03 x=

For 95%
S.d 0.04 x=

For 99%
S.d 0.04 x=

Ans 8)
Therefore, it can be seen that the cost in question 7 is coming more than that in ques 6. T
be beneficial to invest in less cost and earn more profit.
 Std Dev 0.01

0.01 50

0.01 50

tribution should be 90% ie 0.9

001215665 with prob distribution as 0.9

0.01 50

viation by x/1000
 33.96 173034.09

36.4 198787.1

38.95 227528.35

33.96 173034.09
Add $80 for final cost 173114.09

36.4 198787.1
Add $80 for final cost 198867.1

38.95 227528.35
Add $80 for final cost 227608.35

oming more than that in ques 6. Thus it will