Jigjiga University

College of Business and Economics

Group Assignment I (10 pts.) For The Course of Statistics for Management II

GROUP ONE
1. When sampling is done for the proportion of defective items in a large shipment, where
the population proportion is 0.18 and the sample size is 200, what is the probability that
the sample proportion will be at least 0.20?
2. A study of the investment industry claims that 58% of all mutual funds outperformed the
stock market as a whole last year. An analyst wants to test this claim and obtains a
random sample of 250 mutual funds. The analyst finds that only 120 of the funds
outperformed the market during the year. Determine the probability that another random
sample would lead to a sample proportion lower than the one obtained by the analyst.
3. Suppose that the population of interest consists of the five starting players on a men’s
basketball team, who we will call A, B, C, D,and E. Further suppose that the variable of
interest is height, in inches.
Player A B C D E
Height 76 78 79 81 86
i. If two partners are selected randomly, how many different samples are possible?
x
ii. Construct a sampling distribution of the sample means ( )

GROUP TWO
1. The winner of the National Basketball Association (NBA) championship was the
LosAngeles Lakers. One starting lineup for that team is shown in the following table.
i. If two partners are selected randomly, how many different samples are possible?
ii. Construct a sampling distribution of the sample means ( x )
Player Trevor Kobe Andrew Derek Paul
Height(in.) 80 78 84 73 84
 2. If the population mean is 1,247, the population variance is 10,000, and the sample
size is 100, what is the probability that X will be less than 1,230?

3. When sampling is from a population with standard deviation σ = 55, using a sample
of
size n = 150, what is the probability that X will be at least 8 units away from the
population mean μ?

GROUP THREE

1. Each year, Forbes magazine publishes a list of the world’s richest people. In 2009, the
six richest people, their citizenship, and their wealth (to the nearest billion dollars) are
as shown in the following table. Consider these six people a population of interest.
Name Willia Warren Carlos Lawrenc Ingvar Karl
m e
Wealth 40 38 35 23 22 22
i. If two partners are selected randomly, how many different samples are possible?
x
ii. Construct a sampling distribution of the sample means ( )

2. About 28% of private companies are owned by women. Answer the following
questions based on a sample of 240 private companies. What is the probability the
sample proportion will be within 0.04 of the population proportion?

3. A market research firm conducts telephone surveys with a 40% historical response
rate. What is the probability that in a new sample of 400 telephone numbers, at least
150 individuals will cooperate and respond to the questions?
GROUP FOUR

1. Advertisers contract with Internet service providers and search engines to place ads on
Websites. They pay a fee based on the number of potential customers who click on their
ad. Unfortunately, click fraud—the practice of someone clicking on an ad solely for the
purpose of driving up advertising revenue—has become a problem. Forty percent of
advertisers claim they have been a victim of click fraud. Suppose a simple random
sample of 380 advertisers will be taken to learn more about how they are affected by this
practice. What is the probability that the sample proportion will be within.04 of the
population proportion experiencing click fraud?
 2. A rowing team consists of four rowers who weigh 152, 156, 160, and 164
pounds.
i. If two rowers are selected randomly, how many different samples are possible?
x
ii. Construct a sampling distribution of the sample means ( )
GROUP FIVE
1. An economist wishes to estimate the average family income in a certain population.
The population standard deviation is known to be Rs 4,000, and the economist uses a
random sample of size n = 225. What is the probability that the sample mean will fall
within Rs 750 of the population mean?

2. Consider a population consisting of the following five values, which represent the
number of video rentals during
the academic year for each of five housemates: 8, 14, 16, 10, 11
i. If three numbers are selected randomly, how many different samples are possible?
ii. Construct a sampling distribution of the sample proportion of even numbers

3. When sampling is done for the proportion of defective items in a large shipment,
where the population proportion is 0.18 and the sample size is 200, what is the
probability that the sample proportion will be at least 0.20?
GROUP SIX
1. Consider the following population: {1, 2, 2, 3, 3, 3, 4, 4, 4}.}.

i. If three numbers are selected randomly, how many different samples are possible?
ii. Construct a sampling distribution of the sample proportion of even numbers

2. The following table gives the monthly salaries (in $1000s) of the six officers of a
company.

Officer A B C D E F
Salary 8 12 16 20 24 28

i. If three officers are selected randomly, how many different samples are possible?
x
ii. Construct a sampling distribution of the sample means ( )
3. A study of the investment industry claims that 55% of all mutual funds outperformed
the stock market as a whole last year. An analyst wants to test this claim and obtains a
random sample of 280 mutual funds. The analyst finds that only 128 of the funds
outperformed the market during the year. Determine the probability that another
random sample would lead to a sample proportion as low as or lower than the one
obtained by the analyst, assuming the proportion of all mutual funds that outperformed
the market is indeed 0.55.