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INSTRUCTION:
For a sample of eight apartment building in Bandar baru Bangi, the percentage
occupancy rates during a recent months were shown below:
50.0%, 79.1%, 61.3%, 43.9%, 68.1%, 70.0%, and 66.3%
For these sample data, determine:
i.
ii.
iii.
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4
Of employed Thais adults age 25 and above, 90.4% have completed high school,
while 34.0% have completed college. For H = completed high school, C =completed
college, and assuming that one must complete high school before completing college.
i.
ii.
iii.
iv.
It is known that construction total cost x to developed a low cost housing estate is
normally distributed with mean RM 850,000 and standard deviation RM 170,000.
The revenue R promised by the authority to the contractor is RM 1,000,000 upon the
completion of the development project. The contract is profitable if revenue exceed
total cost.
i.
ii.
iii.
What is the probability that the contract will be profitable for the contractor
What is the probability that the project will result in a loss to the contractor
Suppose the contractor has the opportunity to renegotiate the contract. What
value of R should the contractor strive for in order to have a 0.99 probability
of making a profit?
ii.
The average price of a gallon of regular unleaded gasoline in the U.S was reported to
be RM 2.34. Use this price as population mean and assume that the population
2
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standard deviation is RM 0.20. For 100 service stations randomly selected in a
sample:
i.
ii.
iii.
What is the probability that the mean price is above RM 2.40 of the
population mean
What is the probability that the mean price is below RM 2.30 of the
population mean
What is the probability that the mean price is within RM 0.03 of the
population mean
The Halal Food Co shows that 17% of household spend more than RM 100.00 per
week on his product. Assume that the population proportion is = 0.17 and the
simple random sample of 800 households will be selected from the population.
i.
ii.
What is the probability that the sample proportion will be below 15% of the
population proportion
What is the probability that the sample proportion will be within 0.02 of the
population proportion
10
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11
In opposing the establishment of a new bank in a community an existing bank stated that
the area to be served by the proposed bank contained 75 percent of its accounts. An
economic consulting firm randomly sampled the households to determine the sample
proportion, p, which had accounts at the existing bank. The sample size was 225. Find the
probability that p is:
i.
ii.
iii.