Scribd
Upload
38 views2 pages

Mas202 SP24 1

this is a stupid document to get a new one

Uploaded by

Vu Minh Hieu (K18 HL)
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
38 views2 pages

Mas202 SP24 1

this is a stupid document to get a new one

Uploaded by

Vu Minh Hieu (K18 HL)
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
You are on page 1/ 2

FPT UNIVERSITY

Applied Statistics for Business


Essay Test

000 Time: 1 hour Date: 3/13/2024

Question 1. A study indicates that 18− to 34−year olds spend a mean of 91 minutes watching video on their
smartphones per week. Assume that the amount of time watching video on a smartphone per week is normally
distributed and that the standard deviation is 15 minutes. What is the probability that an 18− to 34−year−old
spends between 75 minutes and 111 minutes watching video on his or her smartphone per week?

Question 2. According to a study, the average student spends about 16 hours each week preparing for classes;
preparation for classes includes homework, reading and any other assignments. Assume the standard deviation
of time spent preparing for classes is 4 hours. If you select a random sample of 25 students, what is the proba-
bility that the mean time spent preparing for classes is at least 14 hours per week?

Question 3. The operations manager at a light emitting diode (LED) light bulb factory needs to estimate
the mean life of a large shipment of LEDs. The manufacturer’s specifications are that the standard deviation is
1, 500 hours. A random sample of 64 LEDs indicated a sample mean life of 49, 875 hours.
a. Construct a 95% confidence interval estimate for the population mean life of LED light bulbs in this shipment.
b. At the 0.05 level of significance, is there evidence that the mean life is different from 50,000 hours?

Question 4. A bank with a branch located in a commercial district of a city has the business objective of
developing an improved process for serving customers during the noon-to-1 p.m. lunch period. Management
decides to first study the waiting time in the current process. The waiting time is defined as the number of
minutes that elapses from when the customer enters the line until he or she reaches the teller window. Data are
collected from a random sample of 15 customers and stored in Table 1. Suppose that another branch, located
in a residential area, is also concerned with improving the process of serving customers in the noon-to-1 p.m.
lunch period. Data are collected from a random sample of 15 customers and stored in Table 1.
Assuming that the population variances from both banks are equal, is there evidence of a difference in the mean
waiting time between the two branches? (Use α = 0.05).

Table 1: Waiting time

Bank 1 4.21 5.55 3.02 5.13 4.77 2.34 3.54 3.20 4.50 6.10 0.38 5.12 6.46 6.19 3.79
Bank 2 9.65 5.90 8.02 5.80 8.73 3.85 8.01 8.36 10.50 6.68 5.65 4.09 6.17 9.99 5.47

1
Question 5. As the new director of planning in the Sunflowers Apparel scenario, you suspect that the greater
the number of profiled customers who reside within a fixed radius of a store, the greater the store sales will be.
You wonder if a linear relationship between the number of profiled customers, as the numerical independent X
variable, and annual store sales, as the dependent Y variable, exists. To examine this relationship, you collect
data from a sample of 15 stores. Table 2 presents these data.
(a) Assuming a linear relationship, use the least-squares method to determine the regression line.
(b) Use the prediction line to predict the annual sales for a store with 2.9 million profiled customers.
(c) compute the coefficient of determination, r2 , and interpret its meaning.

Table 2: Number of Profiled Customers (in millions) and Annual Sales (in $millions) for a Sample of 15 Sunflowers Apparel Stores
Store Profiled Customers (millions) Annual Sales ($ millions)
1 3.7 5.6
2 3.6 5.8
3 2.8 6.8
4 5.6 9.6
5 3.3 5.5
6 2.2 3.5
7 3.3 6.2
8 3.1 4.8
9 3.2 6.1
10 3.5 5
11 5.2 10
12 4.6 7.8
13 5.8 10.2
14 3.1 5.4
15 6.5 12

You might also like