Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, I'm reviewing this exam for my next exam in Econ 221 and I wanted to make sure if my calculations and answers were good

image text in transcribedimage text in transcribed

Hello, I'm reviewing this exam for my next exam in Econ 221 and I wanted to make sure if my calculations and answers were good for those problems. Thank You!

image text in transcribedimage text in transcribedimage text in transcribed
Question 2 [It] marks}: The following summary...r measures are about examination scores of ECGNIE] students. mean = tit}, standard deviation = 1&5, Q: = 53, Q3 = til a. (2 marks} Use Chehyshev's theorem to determine the minimum percentage of students scoring between 49.5 and Tj. b. (2 marks} Use Chehyshev's theorem to determine the minimum percentage of students scoring between 39 and 31. c. (2 marks} Use the empirical rule and the denition of the quartiles to calculate the percentage of students scoring between 49.5 and 53. d. (2 marks} Use the empirical rule and the denition of the quartiles to calculate the percentage of students scoring between 6? and 31. e. (2 marks} m explain what assumptions are needed to use the emprirical rule but are not assumed when using Chehyshev's theorem. Question 5 (10 marks): The table below contains the opinions of a sample of 400 people broken down by gender about a new immigration bill. For Neutral Against Female 76 108 24 Male 24 72 96 a. (2 marks) Given that a reandomly selected person is for the bill, calculate the probability that she is a female. b. (2 marks) Given that a reandomly selected person is a male, calculate the probability that he is for the bill. W urce Hero .co c. (2 marks) Given that a reandomly selected person is a female,, calculate the probability that she is either neutral or against the bill. dy rest Cours d. (2 marks) Calculate the probability that a randomly selected person is a female and against the bill. This S red e. (2 marks) Calculate the probability that a randomly selected person is a female who is either neutral or against the bill. SQuestion 7 (4 marks): In a set of 10 items coming out of a manufacturing process, two items are defective (D), and the remaining eight are good (G). A quality control inspector randomly selects three of the ten items without replacement, and classifies each as defective or good. a. (2 marks) Calculate the probability that the first selected item is good. ce was seHero.com burd b. (2 marks) Calculate the probability that at least two items are good. tudy Col

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

Global Business Today

Authors: Charles Hill

9th Edition

1259299201, 9781259299209

More Books

Students also viewed these Economics questions

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago