Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(3.12. C.13. C14. The grade-point average in an econometrics examination was normally dis- tributed with a mean of 75. In a sample of 10 percent

image text in transcribed
(3.12. C.13. C14. The grade-point average in an econometrics examination was normally dis- tributed with a mean of 75. In a sample of 10 percent of students it was found that the grade-point average was greater than 80. Can you tell what the s.d. of the grade-point average was? The amount of toothpaste in a tube is normally distributed with a mean of 6.5 ounces and an 5d. of 0.8 ounces. The cost of producing each tube is 50 cents. If in a quality control examination a tube is found to weigh less than 6 ounces, it is to be relled to the mean value at a cost of 20 cents per tube. On the other hand, if the tube weighs more than 7 ounces, the company loses a prot of 5 cents per tube. If 1000 tubes are examined, a. How many tubes will be found to contain less than 6 ounces? b. In that case, what will be the total cost of the rell? c. How many tubes will be found to contain more than 7 ounces? In that case, what will be the amount of prots lost? If X ~ N(10, 3) and Y ~ N(15, 8), and if X and Y are independent, what is the probability distribution of a.X+Y b. XY c.3X d. 4X+5Y

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics For Liberal Arts Majors

Authors: Christopher Thomas

1st Edition

0071544305, 9780071544306

More Books

Students also viewed these Mathematics questions

Question

Discuss the roles of metacognition in learning and remembering.

Answered: 1 week ago

Question

1. What does this mean for me?

Answered: 1 week ago