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Assignment Solutions

This document contains the solutions to 5 questions on statistics and probability. It provides the calculations to find the probability of various events occurring based on the mean, standard deviation, sample size and other information provided for each question. The solutions include determining z-values and calculating probabilities using the normal distribution.

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shruthin
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47 views4 pages

Assignment Solutions

This document contains the solutions to 5 questions on statistics and probability. It provides the calculations to find the probability of various events occurring based on the mean, standard deviation, sample size and other information provided for each question. The solutions include determining z-values and calculating probabilities using the normal distribution.

Uploaded by

shruthin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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STATISTICS

FOR
MANAGEMENT
Assignment – 4

By Group 9: -
Sayali Dattatreya Deshpande (M20MS049)
Shaik Sameeruddin (M20MS050)
Sheryl (M20MS051)
Shreya Singh (M20MS052)
Shruthin Pasunoori (M20MS053)
Shubham Rawat (M20MS054)
Shubham Rokade (M20MS055)
Note: - For all solutions z value has been rounded off to two decimal points.

Q1. Solution

Given Mean μ= $ 951


Standard deviation σ = $ 96.

a) P (x ≥ 1000) = 1000 - 951 / 96 = P (z ≥ 0.51) = 0.5 - 0.1950

P (x ≥ 1000) = 0.305

b) P (900 ≤ x ≤ 1100) = (900 - 951 / 96) + (1100 - 951 / 96)

P ( -0.53 ≤ z ≤ 0.43) = 0.2019 + 0.4394

P (900 ≤ x ≤ 1100) = 0.6413

c) P (825 ≤ x ≤ 925) = (825 - 951 / 96) - (925 - 951 / 96)

P (-1.31 ≤ z ≤ -0.24) = 0.4049 - 0.1064

P (825 ≤ x ≤ 925) = 0.2985

d) P (x ≤ 700) = 700 - 951/ 96 = P (z ≤ -2.61) = 0.5 - 0.4955

P (x ≤ 700) = 0.0045

Q2. Solution

Given Mean μ=$50,542.


Standard deviation σ =$4,246.

a) P ( x ≥ 60,000 ) = 60000 – 50542 / 4246 = P ( z ≥ 2.23 ) = 0.5 - 0.4871

P ( x ≥ 60,000) = 0.0129

b) P ( x ≤ 45,000 ) = 45000 - 50542 / 4246 = P ( z ≤ -1.31 ) = 0.5 - 0.4049

P ( x ≤ 45,000 ) = 0.0951

c) P ( x ≥ 40,000 ) = 40000 - 50542 / 4246 = P ( z ≥ - 2.48 ) = 0.5 + 0.4934

P ( x ≥ 40,000 ) = 0.9934

d) P ( 44000 ≤ x ≤ 52000 ) = (44000- 50542 / 4246) + ( 52000 - 50542 / 4246)

P ( -1.54 ≤ z ≤ 0.34) = 0.4382 + 0.1331


P (44000 ≤ x ≤ 52000) = 0.5713
Q3. Solution

a) Population proportion for response to crisis p = 0.73


x = 810
number of items in the sample n = 1100
p̂ = 810 / 1100 = 0.7363

P (x ≥ 810) = 0.7363 – 0.73 / (√0.73 * o.27 / 1100) = P (z ≥ 0.47) = 0.5 – 0.1808

P (x ≥ 810) = 0.3192

b) Population proportion for quality of product p = 0.96


x = 1030
number of items in the sample n = 1100
p̂ = 1030 / 1100 = 0.9363

P (x ≤ 1030) = 0.9363 – 0.96 / (√0.96 * 0.04 / 1100) = P (z ≤ -4.011) = 0.5 – 0.49997

P (x ≤ 1030) = 0.00003

c) Population proportion for handling complaints p = 0.85


number of items in the sample n = 1100
p̂ = 0.82 & 0.84

P (0.82 ≤ p̂ ≤ 0.84) = Z2 – Z1

Z1 = 0.82 – 0.85 / (√0.85 * 0.15 / 1100) = -2.79

Z2 = 0.84 – 0.85 / (√0.85 * 0.15 / 1100) = -0.93

P (0.82 ≤ p̂ ≤ 0.84) = 0.4974 – 0.3238 = 0.1736

Q4. Solution

Mean μ = $125
Variance σ 2= $525
Standard deviation σ = $22.91
Total sample n = 32
Standard deviation σ x́ = σ / √n = 4.05

a) P (x ≥ 110) = (110 – 125) / 4.05 = P (z ≥ -3.70) = 0.5 + 0.49997

P (x ≥ 110) = 0.99997

b) P (x ≥ 135) = (135 -125) / 4.05 = P (z ≥ 2.47) = 0.5 - 0.4932

P (x ≥ 135) = 0.0068

c) P (120 ≤ x ≤ 130) = (120 - 125 / 4.05) + (130 - 125 / 4.05)


P (-1.23 ≤ z ≤ 1.23) = 0.3907 + 0.3907

P (120 ≤ x ≤ 130) = 0.7814

Q5. Solution

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