Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Task 1: Answer the following: A sample of 50 members will be given to you to use in this assignment. The sample is representing

image text in transcribedimage text in transcribed

Task 1: Answer the following: A sample of 50 members will be given to you to use in this assignment. The sample is representing the Health Expenditures of employees by Age and Gender. Study your sample carefully and answer the following questions. a. Summarize your data in the following table. Age (years) Male (6 Marks) Female Less than 25 years Between or equal to 25 to 35 years More than 35 years b. If an employee selected at random, find the probability that: i. The selected employee is male or his age is more than 35 years. (8 Marks) ii. The selected employee's age between or equal to 25 to 35 years, given that she is a female. (8 Marks) iii. The selected employee's age is not less than 25 years. (4 Marks) c. If the age of the employees is normally distributed, find the following: i. The mean and the standard deviation of the age. (8 Marks) ii. The probability that the age is more than 40 years. (6 Marks) iii. The probability that the age is between 15 and 20 years. (8 Marks) iv. That the probability that the age is less than 27 years. (6 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Management Accounting

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

6th Edition

9780077185534

Students also viewed these Accounting questions

Question

1. Can leaders be trained to be more effective?

Answered: 1 week ago