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MATH 534 Week 3 Quiz - Answers, Quizzes of Mathematics

MATH 534 Week 3 Quiz - Answers

Typology: Quizzes

2023/2024

Available from 12/18/2024

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1. Given a random variable X follows a Normal distribution with mean 10 and standard deviati
0.6827
2. Scores on a certain exam are normally distributed with a mean of 90 and a variance of 25.
99.8
3. A normal distribution is defined by two parameters, the mean and the
Standard Deviation
4. If for a certain x value in a normal distribution with mean equal to 4 the z-value is such that
Larger than 4
5. Suppose X is normally distributed with mean 50 and standard deviation 4. Find the probabili
0.9876
6. Suppose X is normally distributed with mean 20 and standard deviation 4, find the value x0
12.16
7. According to an NRF survey conducted by BIGresearch, the average family spends about $23
They spend less than $145 on back-to-college
electronics? They spend more than $340 on back-to-
college electronics?
They spend between $135 and $175 on back-to-college electronics?
8. According to the Air Transport Association of America, the average operating cost of an MD
At what operating cost would only 20% of the operating costs
be less? At what operating cost would 65% of the operating
costs be more?
What operating cost would be more than 85% of operating costs?
9. In a recent year, the average daily circulation of the Wall Street Journal was 2,276,207. Sup
On what percentage of days would circulation pass 1,790,000?
P (x > 1,790,000) 1
Suppose the paper cannot support the fixed expenses of a full-production
setup if the
P (x < 1,632,000)
0
10. Selection of the samples based on the convenience of the researcher is an example of
nonrandom sampling
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  1. Given a random variable X follows a Normal distribution with mean 10 and standard deviati
  2. Scores on a certain exam are normally distributed with a mean of 90 and a variance of 25.
  3. A normal distribution is defined by two parameters, the mean and the Standard Deviation
  4. If for a certain x value in a normal distribution with mean equal to 4 the z-value is such that Larger than 4
  5. Suppose X is normally distributed with mean 50 and standard deviation 4. Find the probabili
  6. Suppose X is normally distributed with mean 20 and standard deviation 4, find the value x
  7. According to an NRF survey conducted by BIGresearch, the average family spends about $ They spend less than $145 on back-to-college electronics? They spend more than $340 on back-to- college electronics? They spend between $135 and $175 on back-to-college electronics?
  8. According to the Air Transport Association of America, the average operating cost of an MD At what operating cost would only 20% of the operating costs be less? At what operating cost would 65% of the operating costs be more? What operating cost would be more than 85% of operating costs?
  9. In a recent year, the average daily circulation of the Wall Street Journal was 2,276,207. Sup On what percentage of days would circulation pass 1,790,000? P ( x > 1,790,000) 1 Suppose the paper cannot support the fixed expenses of a full-production setup if the P ( x < 1,632,000) 0
  10. Selection of the samples based on the convenience of the researcher is an example of nonrandom sampling
  1. Judgment sampling is an example of _ nonrandom sampling

Random Sample # Consumer p x n qrt(np(1-p)). p n Mean StDev x

x / n 0. z-score 2. z Table 0.

b. Random Sample # p x n qrt(np(1-p)). 96% Consumer p n Mean StDev x 0.96 1200 1152 6.78823 1125

x / n 0.9375 0. Table A.5 -3.977476 0.

c Random Sample # 85% Consumer p n 0.85 1200 0.81 0. 81% z= -0.04 (^) -3. 0.010307764 Table Area 5 0. 84% -0. -0. 0.010307764 Table Area 5 0.

uniform distribution, the sample means will be approximately. standard deviation 15. What is the probability of observing a mean greater than 21? Agency Porter/Novelli showed that how a company handles a crisis when at fault is one of the es a crisis when at fault is an influence in their buying decisions? an influence in their buying decisions? pany handles complaints is an influence in their buying decisions?

ose back-to-college family spending on electronics is normally distributed with a standard dermally distributed with a standard deviation of $164 per hour. uted production manager might try to keep the full crew in place and not disrupt operations mean equal to or greater than 20.5? inum usage. If the population standard deviation of annual usage is 12.3 pounds, what is the nd, $20.20 for Japan, and $23.82 for the U.S. Assume that in all three countries, the s be between $30.00 and $31.00? top influences in consumer buying decisions, with 73% claiming it is an influence. Quality of p deviation of $54. If a family of a returning college student is randomly selected, what is the

probability that the sample mean will be each of the following?

. How often will this even happen, based on this historical information?

Standard deviation of hourly labor rates is $3.00. Product was the number one influence, with 96% of consumers stating that quality influences probability that: their buying decisions. How a company handles complaints was number two, with 85% of consumers reporting it as an influence in their buying decisions. Suppose a random sample of 1,200 consumers is taken and each is asked which of these three factors influence their buying decisions.