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Refer to exercise 5.1, suppose that only a class consisting of those 25 students is under investigation and the results of math examination of all the 25 students have a normal distribution with a mean of 77 and a standard deviation of 10. If a student wants to score higher than 90% of all the students do, what should be his mark?
According to the American Association of University Professor, the mean 19911992 salary of full-time instructional faculty at institution of higher education was $45,360. Suppose the distribution of 1991-1992 salaries of these faculties is skewed to the right with a mean of $45,360 and a standard deviation of $5900. Find the probability that the mean salary of a sample of 80 such faculty will be a. within $1800 of the population mean; b. lower than the population mean by $1200 or more.
The time taken, in minutes, to complete three tasks, machining, assembly and packaging, have been recorded as follows:
Exercises
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If a particular job required all three tasks, what is the probability that the job will take more than an hour?
It has been claimed that only 45% of customers find changes to an invoicing system an improvement. Assuming this is the case, determine the probability that a market research survey of 100 customers will show that 50% or more report an improvement.
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Week (17)
3. You are working for a supermarket. The manager asked you to estimate the mean money spent by all customers at this supermarket during a visit. To do this, you took a small sample of 10 customers. The following data give the money (in pound sterling) they spent at this supermarket during that visit. 74 89 121 63 146 47 91 28 84 76
By experience, you assume that the money spent by all customers at this supermarket has a normal distribution.
Exercises
Week (17)
a. Do you think that you can estimate the mean money spent by all customers at this supermarket during a visit based on such a small sample? Why? b. How do you find a 95% confidence interval for the population mean?
4. A researcher wanted to know the percentage of executives of companies who hold a degree beyond a bachelors. He took a random sample of 15 executives of companies and asked them whether or not they hold such a degree. The responses of these executives are given below.
Make a 90% confidence interval for the percentage of all executives of companies who hold a degree beyond a bachelors. 5. A department store manager in Colchester wants to estimate at a 90% confidence level the mean amount spent by all customers at this store. From an earlier study, the manager knows that the standard deviation of amounts spent by customers at this store is 27. What sample size should he choose so that the estimate is within 3 of the population mean?
Exercises
Week (17)