Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

INCLASS BUS621 TEST QUESTION 1 A recent survey by a local municipality established that daily water usage by its households is normally distributed with a

image text in transcribed
INCLASS BUS621 TEST QUESTION 1 A recent survey by a local municipality established that daily water usage by its households is normally distributed with a mean of 250 litres and a standard deviation of 45 litres. (a) Use standard normal z-tables to answer the following questions: a. What percentage of households is likely to use more than 350 litres of water per day? What is the probability of finding a household that uses less than 200 litres of water per day? What is the most amount of water used per day by the lowest consuming 12% of households? What is the most amount of water used per day by the highest consuming 25% of households? QUESTION 2 In a survey of companies, it was found that 40 were in the mining sector, 75 were in the financial sector, 30 were in the tourism sector and 55 were in the agricultural sector. . Show the data as a percentage frequency table. b. What is the probability that a randomly selected company is in the financial sector? . Ifacompany is selected at randem, what is the probability that this company is not in the agricultural sector? . What is the likelihood that a randomly selected company is either a mining or a tourism company? . Name the probability types or rules used in questions (b), (c) and (d). A web-based travel agency uses its website to market its travel products (holiday packages). The agency receives an average of six web-based enquiries per day for its different travel products. a. What is the probability that, on a given day, the agency will receive at most three web-based enquiries for its travel products? . What is the probability that, on a given day, the travel agency will receive two or five web-based enquiries for travel packages? . What is the probability that the travel agency will receive at least 2 web-based enquiries for travel packages on a given day? . What is the probability that the travel agency will receive no more than two web- based enquiries for travel packages in a half-day period

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

Probability With Applications and R

Authors: Robert P. Dobrow

1st edition

1118241257, 1118241258, 978-1118241257

More Books

Students also viewed these Mathematics questions