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Seminar2 Student Copy SUSS

This document provides an overview of topics covered in BUS105 Statistics Seminar 2 - Unit 1, including continuous probability distributions, sampling distributions, and activities related to normal distributions, z-values, sampling methods, and the central limit theorem. The activities guide students through calculating probabilities related to normal distributions, finding z-values, analyzing sampling distributions, and summarizing exercises on household income distributions.

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41 views6 pages

Seminar2 Student Copy SUSS

This document provides an overview of topics covered in BUS105 Statistics Seminar 2 - Unit 1, including continuous probability distributions, sampling distributions, and activities related to normal distributions, z-values, sampling methods, and the central limit theorem. The activities guide students through calculating probabilities related to normal distributions, finding z-values, analyzing sampling distributions, and summarizing exercises on household income distributions.

Uploaded by

melody
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BUS105: Statistics

Seminar 2 - Unit 1
- Continuous Probability
Distributions
- Sampling Distributions

Topics

Unit 1
• 1.1 Describing Data: Graphic Presentation
• 1.2 Describing Data: Numerical Measures
• 2.1 Basic Probability Concepts
• 2.2 Discrete Probability Distributions
• 2.3 Continuous Probability Distributions
• 3.1 Sampling Methods
• 3.2 Central Limit Theorem

1
Review: Continuous Probability Distribution

• Uniform probability distribution


• Normal probability distribution
– Uniquely determined by mean and standard
deviation
– Standard normal probability distribution
• How to convert any normal distribution to the
standard normal distribution?
– Empirical rule

Activity 2.1 – Normal Distribution

The weekly incomes of shift foremen in the glass industry follow the
normal probability distribution with a mean of $1,000 and a standard
deviation of $100.

What is the probability of selecting a shift foreman in the glass industry


whose income is:
a)Less than $790?
b)More than $1075
c)Between $790 and $1,150?

You may refer to “Excel Self Practice Prior Seminar 1” Practice 1.8.

2
The Standard Normal Probability Distribution

• The standard normal distribution is a normal distribution with a


mean of 0 and a standard deviation of 1.
• It is also called the Z distribution.
• A z-value measure the distance between X and the population
mean () in multiples of standard deviation (σ).

• The formula is:

7-5

Activity 2.2 – Z Value

Given that P(Z > a) = 0.05, find the value of a.

You may refer to “Excel Self Practice Prior Seminar 1” Practice 1.9.

3
Review: Sampling Methods and
Central Limit Theorem
• Sampling methods
– Simple random sampling
– Systematic random sampling
– Stratified random sampling
– Cluster sampling

• Some concepts
– Sampling error
– Sample mean
– Sampling distribution of the sample mean

• Central limit theorem

Activity 2.3 – Sampling Distribution

The Quality Assurance Department for Cola, Inc., maintains records


regarding the amount of cola in its Jumbo bottle. The actual amount of
cola in each bottle is critical, but varies a small amount from one bottle
to the next.

Cola, Inc., does not wish to underfill the bottles. On the other hand, it
cannot overfill each bottle. Its records indicate that the amount of cola
follows the normal probability distribution. The mean amount per bottle
is 31.2 ounces and the population standard deviation is 0.4 ounces.

If 16 bottles are randomly selected from the filling line. The mean
amount of cola contained in the bottles is 31.38 ounces.

4
Activity 2.3 Cont’d

In group of 4,

a.Use Excel to compute P ( X  31 .38


. )

b.Discuss if this is an unlikely result?

You may refer to “Excel Self Practice Prior Seminar 1” Practice 1.10.

Break

Take this opportunity to network with your

classmates.

5
Activity 2.4 – Summary Exercise
Attempt the following question without the use of Excel.

Based on earlier studies, the household income in a certain city can be assumed to be normally
distributed with mean $74,000 and standard deviation $3,500.

a) If a household is randomly selected,


– What is the probability that the household income is more than $75,000?
– What is the probability that the household income is between $72,350 and $75,125?

– If 20% of the households have an income above a certain value V, find the value of V.

b) Ten households were randomly selected for interview. What is the probability that the mean
household income is between $71,000 and $75,500?

Thank You

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