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Accounting Indvidual Assignment

This document outlines 7 questions for a basic statistics individual assignment. The questions cover topics such as identifying the most consistent private bank salaries based on mean and variance data, probability calculations for word arrangements and sample selections, identifying mutually exclusive and independent events based on probability values, expected values and variance/standard deviation calculations for car sales data modeled as a probability distribution, identifying z-scores for incomes in a normal distribution, and calculating probability and number of scores within given ranges for a normally distributed aptitude test. The assignment is due one day before the final exam.

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217 views3 pages

Accounting Indvidual Assignment

This document outlines 7 questions for a basic statistics individual assignment. The questions cover topics such as identifying the most consistent private bank salaries based on mean and variance data, probability calculations for word arrangements and sample selections, identifying mutually exclusive and independent events based on probability values, expected values and variance/standard deviation calculations for car sales data modeled as a probability distribution, identifying z-scores for incomes in a normal distribution, and calculating probability and number of scores within given ranges for a normally distributed aptitude test. The assignment is due one day before the final exam.

Uploaded by

Embassy and NGO jobs
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Basic Statistics Individual Assignment, Submission date: 1 day before Final Exam.

Answer the following Questions Accordingly


1. An economist interested in the consistency of salary in three Private Banks. The
summarized salary for the workers of the three Private Banks were given below
Value Abay Bank Dashen Bank Buna Bank
Mean $200 $300 $250
Variance $36 $25 $49
A. Which Private Bank have the most consistent salary, based on these data?
B. Suppose Mr.Abebe from Abay bank got $210 W/ro Hiwot from Dashen Bank got
$320 and W/ro Senait from Buna Bank got $300, who got better?
2. The letters in the word “MANAGEMENT” arranged in different ways.
3. A recent study by the American Accounting Association revealed among 30 graduates in
accounting 20 students graduating with a major in accounting select public accounting.
Suppose we select a sample of 15 recent graduates.
A. What is the probability that exactly two select public accounting?
B. What is the probability that exactly five select public accounting?
4. Let A and B be two events associated with an experiment and suppose that P(A)=0.4
while P(AUB)=0.7. Let P(B)=P
A. For what choice of P are A and B mutually exclusive?
B. For what choice of P are A and B independent?
5. A car dealer has established the following probability distribution for the number of cars
he expects to sell on a particular Saturday.

Number of cars sold (Xi) 0 1 2 3 4

Probability P(x) 0.1 0.2 0.3 0.3 0.1


A. How many cars should the dealer expect to sell?

B. Find the variance and standard deviation

6. Suppose that the monthly incomes of recent Management graduates in a large corporation
are normally distributed with a mean of Birr2, 000 and a standard deviation of Birr200.
What is the Z value for?
A. An income of Birr2, 200?
B. An income of Birr 1, 700?
Basic Statistics Individual Assignment, Submission date: 1 day before Final Exam.

7. An aptitude test for selecting officers in a bank was conducted on 1,000 candidates, the
average score is 42 and the standard deviation of scores is 24. Assume that the scores are
normally distributed, answer the following questions.
i. What is the probability that the candidates score,
A. Exceed 65?
B. Between 40 and 60?
ii. Find the number of candidates whose score,
A. Exceed 40?
B. Lie between 40 and 65?
Basic Statistics Individual Assignment, Submission date: 1 day before Final Exam.

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