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Assignment Stat II

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7 views

Assignment Stat II

Uploaded by

moiisamohammed
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ADDIS ABABA UNIVERSITY

COLLEGE OF BUSINESS AND ECONOMICS


DEPARTMENT OF MANAGEMENT
GENERAL INSTRUCTION:
 The answers should be neat & complete
 For sake of assessing students’ understanding and participation, each student should give
explanation of the answers, in class presentation or in question and answer session
 Form a group of five students, ± 2is possible
 Due Date: Date of Class End

1. According to a recent study conducted by businessmen, 16% of all shareholders have some college
education. Suppose that 47% of all adults have some college education and that 52% of all adults are
shareholders. For a randomly selected adult:
A. What is the probability that the person did not own shares of stock?
B. What is the probability that the person owns shares of stock or had some college
education?
C. What is the probability that the person has neither some college education nor
owns shares of stock?
D. Assuming that a randomly selected individual has college education, what is the
probability that he is shareholder?
E. Assuming that a randomly selected individual owns share of stock, what is the
probability that he has college education?
2. Mommy Sandwich is a fast food delivery company operated in Addis Ababa. Most orders of customers
of the company are communicated via emails. Previous data of Mommy Sandwich shows that, the
marketing manager of Mommy Sandwich receives on average 2 e-mails of orders of fast food per ten
minutes of time. Assume the distribution is Poison.
A. What is the probability that the Marketing manager will receive 5 e-mails of
order over a period of ten minutes?
B. What is the probability that the Marketing manager will receive at least 3 e-mails
of order over a period of ten minutes?
C. What is the probability that the Marketing manager will receive less than 3 e-
mails of order over a period twenty minutes?
D. What is the probability that the Marketing manager will not receive any e-mails
of order over a period forty minutes?
E. What is the probability that the Marketing manager will receive at least one e-
mail of order over a period forty minutes?

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3. A recent survey by indicates that 20% of the companies that outsource use a consultant. Suppose that
10 companies involved in outsourcing are randomly selected.
A. What is the probability that exactly five companies that outsource use a
consultant?
B. What is the probability that more than nine companies that outsource use a
consultant?
C. What is the probability that none of that companies that outsource overseas use
a consultant?
D. What is the probability that between four and seven (inclusive) companies that
outsource use a consultant?
E. Calculate the mean and variance of the distribution.
4. Assume that, the finish times for World Olympic marathon runners during a race are normally
distributed with a mean of 195 minutes and a standard deviation of 25 minutes.
A. What is the probability that a runner will complete the marathon within at most
180 minutes?
B. What is the probability that the runners will complete the marathon by more
than 245 minutes?
C. Calculate the time taken by which the first 10% runners of the race have
completed the marathon.
D. What is the probability that, the runners will complete the marathon between 3
hours and 4 hours?
E. If 1000 contestants are running for the marathon, how many of them complete it
within at most 180 minutes?
5. A teacher gives a test to a class containing one hundred twenty students. It is known that the standard
deviation of the scores is about 12 points. A random sample of 36 scores is obtained.
A. What is the probability that the sample mean will differ from the population
mean by more than 6 points?
B. What is the probability that the sample mean will be within 6 points of the
population mean?
6. Suppose that a population proportion is 0.40 and that 80% of the time you draw a random sample
from this population, you get a sample proportion of 0.35 or more. How large a sample were you
taking?
7. A laboratory uses an optical device to measure the fluorescein concentration in solutions. The standard
deviation, guaranteed by the company selling the device is known: δ=0.05
A. Nine measurements are made for the same solution. The empirical (Sample)
mean of the 9 results is 4.38mg/l. Give a 99% confidence interval for the true
concentration of the solution.
B. For that same sample, what is the confidence level of the interval [4.36; 4.40]?
C. What should the sample size be if the concentration of the solution had to be
known at confidence level 0.99, with a precision (Margin of Error) of
± 0.01 mg/l?

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8. A fast food restaurant took a random sample of 400 customers to determine the proportion of
customers who are female. A confidence interval of .73 to .87 was reported.
A. Find the # of females and the sample proportion
B. Find the level of confidence of this interval
9. A contractor assumes that construction workers are idle 75 minutes or less per day. To test this claim,
a random sample of 25 construction workers was taken and the mean idle time was found to be 84
minutes per day, with a sample standard deviation of 20 minutes. Assuming that the population is
approximately normally distributed, use a 5% level of significance test the contractor’s assumption.

10. A public opinion poll surveyed a simple random sample of 1000 voters. Respondents were
classified by gender (male or female) and by voting preference (Republican, Democrat, or
Independent). Results are shown in the contingency table below.

Voting Preferences Row total


Republican Democrat Independent
Male 200 150 50 400
Female 250 300 50 600
Column 450 450 100 1000
total

11. A company planning a Youtube channel advert wants to determine which shows its target
audience watches and thereby to know whether the choice of program an individual watches
is independent of the individuals income. The table supporting this is shown below. Use a
5% level of significance and the null hypothesis.

Income Type of Show


Sport Dink Lijoch News Total
Low 143 70 37 250
Medium 90 67 43 200
High 17 13 20 50
Total 250 150 100 500

12. Ethio Plastic Factory sells its products in three primary colors: Red, blue, and yellow. The
marketing manager feels that customers have no color preference for the product. To test this
hypothesis the manager set up a test in which 120 purchases were given equal opportunity to
buy the product in each of the three colors. The results were that 60 bought red, 20 bought
blue, and 40 bought yellow. Test the marketing manager’s null hypothesis, using =0.05.

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