SFE Ass 01 – Memo

Question 1
4
(e   ) (e  (5) )
 x 5

1.1) P ( X = x ) = Where, P ( X = 4 ) = = 0.1755

x! 4!
7
 (10) )
10
(e
1.2) P ( 7 / 10 ) = = 0.0901
7!
3
 (2.5) .)
2.5
(e
1.3) P ( 3 / 2.5 ) = P ( X = 4 ) = = 0.2138
3!

QUESTION 2 [

Boundaries X f Xf Cum<f

9.5 – 19.5 14.5 8 116 8

19.5 - 29.5 24.5 15 367.5 23
29.5 - 39.5 34.5 25 862.5 48
39.5 - 49.5 44.5 20 890 68
49.5 - 59.5 54.5 16 872 84
59.5 - 69.5 64.5 10 645 94
69.5 - 79.5 74.5 6 447 100
100 4200

4200
a) X = = 42
100

100
b) Med Val = = 50
2
Median Class : 39.5 – 49.5
 f
(  F )c
2 (50  48)10
Med Pos = L + = 39.5 +
fm 20

= 39.5 1

= 40.5

c )_ AM – Mo = 3 ( AM – Med )

Mo = Am – 3 ( Am – Med )

= 42 – 3 ( 42 – 40.5 )

= 42 – 4.5

= 37.5

QUESTION 3

120  100
i) P( x  120 ) ↔ Z = = 0.91
22

P( Z  0.91 ) = 0.5 – 0.3186

= 0.1814 or 18.14 %
60  100
ii) P( x  60 ) ↔ Z = = - 1.82
22

P( Z  - 1.82 ) = 0.5 + 0.4656

= 0.9656 or 96.56 %

iii) 10.20 % most expensive = 0.1020

= 0.5 – 0.1020

= 0.3980

↔ 0.3980 is the size of an area which is equal to P( Z = 1.27 )

x  100
↔ 1.27 =
22
x – 100 = 1.27  22
 x – 100 = 27.94

x = N$ 127. 94

QUESTION 4

P( MBAPr omoted )
i) P( MBA / Promoted ) =
P (Pr omoted )

0.48
=
0.60
= 0.80 or 80 %

P(Pr om / MBA)
ii) P( Prom / MBA ) =
P( MBA)

0.48
=
0.70
= 0.9857 or 68.57 %

iii) Seeing that P(MBA / Prom) = 0.8 and P(MBA) = 0.7 ,

We see that P( MBA / Prom )  P ( MBA )

Seeing that P( Prom / MBA ) = 0.6857 and P(Prom) = 0.6

We see that P( Prom / MBA )  P( Prom )

THUS , the events are not independent

Question 5

5.1

x P x xP x x- x- ² x- ²P x

1 0.05 0.05 -3 9 0.45
2 0.12 0.24 -2 4 0.48
3 0.2 0.6 -1 1 0.2
4 0.3 1.2 0 0 0
5 0.15 0.75 1 1 0.15
 6 0.1 0.6 2 4 0.4
7 0.08 0.56 3 9 0.72
Total 4 2.4

a.  E X  xP x 4.00
b. V X E X μ 2 Σ X μ 2P x 2.4

c. Std deviation √V X √2.4 1.549

OR

x P x xP x x²P x
1 0.05 0.05 0.05
2 0.12 0.24 0.48
3 0.2 0.6 1.8
4 0.3 1.2 4.8
5 0.15 0.75 3.75
6 0.1 0.6 3.6
7 0.08 0.56 3.92
Total 4 18.4

a.  E X  xP x 4.00

b. V X E X2 E X 2 18.4 4 2 2.4

c. Std deviation √V X √2.4 1.549

5.2 Let Y $0.25X

a. E Y E $0.25X

$0.25E X

$0.25 4

$1

b. V Y V $0.25X

$0.252V X

$0.252 2.4
 $0.15

c. Std deviation √$0.15 $0.39

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