FINAL ASSIGNMENT

Code: 3

Lecturer’s Signature
Program: IB, AC, MIS, BDA
Course Code: MAT 1004
Course Title: Theory of Probability & Mat. Statistics Asso. Prof. Nguyễn Hải Thanh
Date: 27/12/2021
Time allowed: 3 hours
Department’s Signature
Date: 07/01/2022
Starting at 6:30, 07/01/2022
Ending at 9:30, 07/01/2022 Date: 30/12/2021

Instructions to students:

1. At 6:30, 07/01/2022, each student is assigned a final assignment with code number that is
identical to the tens digit of his / her student code (for example: if a student code is 17071365
then the tens digit is 6, and he / she must choose to do Final Assignment MAT1004 Code 6).
2. Final assignment consists of 5 problems, students should write the answers by hand to these
problems in 10 pages. Solution of problem 1 is written in pages 1-2, problem 2 in pages 3-4,
problem 3 in pages 5-6, problem 4 in pages 7-8, problem 5 in pages 9-10. Each page is numbered
clearly by hand writing in the right-top corner. Some pages not used are left with blank space.
Students should write clearly his / her full name, student code and course class in the first row of
the first page (for example: Nguyễn Văn Thao.17007365.MAT100401).
3. To submit the final assignment, students use CamScanner to scan all the above 10 pages and save
them to a pdf file, starting from page 1, then page 2, 3, 4, 5, 6, 7, 8, 9 and 10.
4. Students should finish submitting the final assignment / the pdf file with the file name: student’s
full name.student code.course class (for example: Nguyen Van Thao.17007365.MAT100401) in
due time through MS Teams Assignment (do not be late in submitting the final assignment in due
time, 9:30, 07/01/2022).
5. Any type of plagiarism and any violation of the above instructions can CAUSE ZERO MARK for
the final assignment.
Problem 1 (2 points). A large investment firm wants to review the distribution of the ages of
its stock-brokers. The ages of a sample of 25 brokers are as follows:
53 42 63 70 35 47 55 58 41 49 44 61 20 57 46 49 58 29 48 42 36 39 52 45 56.
a/ Construct a relative frequency histogram for the data, using five class intervals and the
value 20 as the lower limit of the 1st class, the value 70 as the upper limit of the 5th class.
b/ What proportion of the total area under the histogram fall between 30 and 50, inclusive?
Problem 2 (2 points). To examine the effectiveness of its five annual advertising promotions,
a mail-order company has sent a questionnaire to each of its customers, asking how many
of the previous year's promotions prompted orders that otherwise would not have been made.
The following table summarizes the data received, where the random variable X is the number of
promotions indicated in the customers' responses:
x 0 1 2 3 4 5
P(X=x) y/100 0.25 1- (y/100+0.25+0.2+0.05+z/100) 0.2 0.05 z/100
In the above table: y, z are the last two digits of your student code (for example: if a student
code is 17071365 then y = 6, z = 5).
A previous analysis of historical data found that the mean value of orders for promotional
goods is $20, with the company earning a gross profit of 20% on each order. It is assumed
that customer behavior next year will be the same as last year, and the fixed cost of
conducting the five promotions next year is estimated to be $15000, with a variable cost of
$3 per customer for mailing and handling costs.
a/ Find expected value of X, variance of X and the expected gross profit per customer next year;
b/ How large a customer base must the company have to cover the cost of the promotions?
Problem 3 (2 points). In a public opinion survey, 70 out of a sample of 100 high-income
voters and 55 out of a sample of 80 low-income voters supported the introduction of a new
national security tax.
a/ Estimate, with 95% confidence level, the true proportion of high-income people who will
vote for the introduction of the tax.
b/ Can we conclude at the 5% level of significance that the proportion favoring the new
security tax differs between high-income and low-income voters?
Problem 4 (2 points). A restaurant located in an office building decides to adopt a new
strategy for attracting customers. Every week it advertises in the city newspaper. In the 6
weeks immediately prior to the advertising campaign, the weekly grosses were 350, 289,
407, 398, 470, 259 (in million VND). In the eight weeks after the campaign began, the
weekly grosses was 488, 301, 276 380, 421, 425 (in million VND).
a/ Estimate, with 95% confidence level the expected weekly gross prior to the advertising
campaign.
b/ Given that the weekly grosses are normally distributed, can we conclude that the
advertising campaign helped in improving weekly grosses? (Assuming equal variances and
using  = 0.05)
Problem 5 (2 points). The different interest rates charged by some financial institutions may
reflect how stringent their standards are for their loan appraisals: the lower the rate, the
higher the standards, and hence, the lower the default rate. The data below were collected
from a sample of eight financial companies selected at random.

a/ Financial company 1 2 3 4 5 6 7 8
Interest rate (in %) x 6.0 5.6 5.0 7.5 7.0 6.5 5.5 6.0
Default rate (in 1000 loans) y 38 40 35 46 48 39 36 37
Find the sample coefficient of correlation.
b/ Perform the test H0:  = 0, HA:   0 (using  = 0.05) to determine whether there is
enough evidence to infer that a linear association exists between interest rate (x) and default
rate (y).

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