Question
1.Supposezis the standard normal variable. Draw the normal curve for each of the following probability statements to visualize the required area. Report answers accurate to
1.Supposezis the standard normal variable. Draw the normal curve for each of the following probability statements to visualize the required area. Report answers accurate to at least 4 decimal places.
a)P(z<-1.13givenz<0)=
b)P(z-0.66orz>1.21)=
2.Supposez is the standard normal variable. Draw the normal curve for each of the following probability statements to visualize the required area and determine the missing values.Report answers accurate to 2 decimal places.
a)P(z orz>2.67)=0.8116
3.A population of values has a normal distribution with=219.6
and=8.5. You intend to draw a random sample of sizen=14. First calculatez, round it to two (2) decimal places, then use the roundedz
-score to determine the required probability accurate to four (4) decimal places.
a)Find the probability that a single randomly selected value is less than 223.9.
P(x<223.9)=
4.The number of trades (in thousands) completed daily by an online stock brokerage follows a normal distribution with a mean of 107.4 and a standard deviation of 24.6. On average, the brokerage receives $8.4 commission per trade.
For samples of sizen=18days:
a)For the given sample size, what is the minimum average daily commissions receivable from the highest 20% volume trading days?
Round to the nearest thousand dollars.
5.You measure 22 textbooks' weights, and find they have a mean weight of 43 ounces. Assume the population is normally distributed with a standard deviation of 10.7 ounces. Based on this, construct a 90% confidence interval for the true population mean textbook weight.
Give your answers correct to at least two decimal places.
Lower Limit =
Upper Limit =
6.
You measure 40 turtles' weights, and find they have a mean weight of 62 ounces. Assume thepopulation standard deviationis 14.5 ounces. Based on this, construct a 90% confidence interval for the true population mean turtle weight.
Give your answers asxME, to two decimal places
------------ounces
7.Ifn=13,x=37, ands=9
, construct a confidence interval at a90%
confidence level. Assume the data came from a normally distributed population.
Give your answers to one decimal place.
----- << ------
8.You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately =49.4. You would like to be 92% confident that your esimate is within 0.2 of the true population mean. How large of a sample size is required?
Do not round mid-calculation. However, use acritical z value accurate to two (2) decimal places.
n=
9.A study is conducted to estimate the mean completion time of a task to within 2 minutes 24 seconds of the population mean. Suppose completion time is normally distributed with a standard deviation of 9 minutes 42 seconds. What minimum sample size is required at the 89.9% confidence level?
You must use a criticalzvalue rounded to two (2) decimal places.
Do not round other intermediate results. Report final answer as an integer.
Minimum sample size required=
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