Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BER 345 Homework #5 Covers Sections 6.1, 6.2, and 6.3 1. Using the Standard Normal Distribution (Table E in Appendix C), find each probability: a.

BER 345 Homework #5 Covers Sections 6.1, 6.2, and 6.3 1. Using the Standard Normal Distribution (Table E in Appendix C), find each probability: a. P(0 < z < 2.25) b. P(-1.75 < z < 0) c. P(-1.65 < z < 2.12) d. P(1.35 < z < 1.87) e. P(-2.56 < z < 0.32) f. P(z > 1.69) g. P(z < -2.12) h. P(z > -1.15) i. P(z < 1.84) j. P(z > -1.73) 2. The average salary for graduates entering the actuarial field is $40,000 ( ). If the salaries are normally distributed with a standard deviation of $5000 ( = 5000), find the probability that: a. An individual graduate (n = 1) will have a salary over $44,500: P(X > 44,500). b. A group of nine graduates (n = 9) will have an average over $44,500: P( 3. The average weight of an airline passenger's suitcase is 45 pounds ( ) . The standard deviation is 2 pounds ( = 2). If 20% of the suitcases are overweight, find the maximum weight allowed by the airline. That is, find the 80 th percentile, which is the X that represents the weight of the suitcase. Assume that the variable is normally distributed. 4. The average cost of XYZ brand running shoes is $85 per pair ( , with a standard deviation of $8 ( = 8). If nine pairs of running shoes are selected (n = 9), find the probability that the mean cost of a pair of shoes will be less than $80: P( . Assume that the variable is normally distributed. 5. In a recent year, Deleware had the highest per capita annual income with $51,803 ( If = $4850, find the mean . that falls at the 85th percentile for a sample of 35 residents? 6. The national average for the SAT is 1028 ( Find the Percentile for a score of 1065 for: a. A single student (n=1) b. For a mean of 50 student (n=50) and the standard deviation is 100 ( = 100). c. For a mean of 500 students (n=500) 7. Of all 3- to 5-year old children, 56% are enrolled in school. We are looking at a sample of 500 such children, and this is thought to follow a binomial distribution. Use the normal approximation to the binomial to find the probability that at least 290 of those children will be enrolled in school

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

Step: 3

blur-text-image

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

Concise Pre Algebra Workbook

Authors: Josiah Coates

1st Edition

1724185152, 978-1724185150

More Books

Students also viewed these Mathematics questions

Question

explain the concepts of ethical principles and business ethics

Answered: 1 week ago