It has been found that times taken by people to complete
a particular tax form follow a normal distribution with a mean of 100 minutes and a standard deviation of 30 minutes. A random sample of nine people who have completed this tax form was taken. a. What is the probability that the sample mean time taken is more than 120 minutes? b. The probability is 0.20 that the sample mean time taken is less than how many minutes? c. The probability is 0.05 that the sample standard deviation of time taken is less than how many minutes?
2.
A college admissions officer for an MBA program has
determined that historically applicants have undergraduate grade point averages that are normally distributed with standard deviation 0.45. From a random sample of 25 applications from the current year, the sample mean grade point average is 2.90. a. Find a 95% confidence interval for the population mean. b. Based on these sample results, a statistician computes for the population mean a confidence interval extending from 2.81 to 2.99. Find the confidence level associated with this interval.
3.
A car-rental company is interested in the amount of
time its vehicles are out of operation for repair work. State all assumptions and find a 90% confidence interval for the mean number of days in a year that all vehicles in the companys fleet are out of operation if a random sample of nine cars showed the following number of days that each had been inoperative: 16 10 21 22 8 17 19 14 19
4.
In a presidential election year, candidates want to know
how voters in various parts of the country will vote. Suppose that 1 month before the election a random sample of 540 registered voters from one geographic region is surveyed. From this sample 320 indicate that they plan to vote for this particular candidate. Based on this survey data, find the 95% confidence interval estimate of this candidates current support in this geographic area.
5.
Determine the margin of error for a 95% confidence
interval for the difference between population means for each of the following (assume equal population variances): b.
nx = 5 s2x= 6 x = 200 ny = 8 s2y= 10 y = 160
6.
A company selling licenses for new e-commerce computer
software advertises that firms using this software obtain, on average during the first year, a yield of 10% on their initial investments. A random sample of 10 of these franchises produced the following yields for the first year of operation: 6.1 9.2 11.5 8.6 12.1 3.9 8.4 10.1 9.4 8.9
7.
You have been asked to determine if two different
production processes have different mean numbers of units produced per hour. Process 1 has a mean defined as m1 and process 2 has a mean defined as m2. The null and alternative hypotheses are as follows: H0 : m1 - m2 0 H1 : m1 - m2 7 0 The process variances are unknown but assumed to be equal. Using random samples of 25 observations from process 1 and 36 observations from process 2, the sample means are 56 and 50 for populations 1 and 2, respectively. Can you reject the null hypothesis using a probability of Type I error a = 0.05 in each case? a. The sample standard deviation from process 1 is 30 and from process 2 is 28.
8.
A random sample of data for 7 days of operation produced
the following (price, quantity) data values: Price per Gallon of Paint, X Quantity Sold, Y 10 100
8 5 4 10 7 6
120 200 200 90 110 150
a. Compute and interpret b1.
b. Compute and interpret b0. c. How many gallons of paint would you expect to sell if the price is $7 per gallon? 9.