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Assignment 3, ECO 104, Section 10, Fall 2024

The document outlines various statistical problems and calculations involving probability distributions, binomial experiments, normal distributions, and exponential distributions. It includes tasks such as computing expected values, variances, and probabilities for different scenarios, including motor vehicle accidents and defective parts. Additionally, it addresses point estimates from survey data and the properties of sample means.

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naimur.7566
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6 views2 pages

Assignment 3, ECO 104, Section 10, Fall 2024

The document outlines various statistical problems and calculations involving probability distributions, binomial experiments, normal distributions, and exponential distributions. It includes tasks such as computing expected values, variances, and probabilities for different scenarios, including motor vehicle accidents and defective parts. Additionally, it addresses point estimates from survey data and the properties of sample means.

Uploaded by

naimur.7566
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Assignment 3

1. The following table provides an empirical probability distribution for the random variable y.

y f(y)
2 0.2
4 0.3
7 0.4
8 0.1

a. Compute E( y).
a. Compute Var( y) and σ.

2. Consider a binomial experiment with two trials and p = .4.


a. Compute the probability of one success, f (1).
b. Compute f (0).
c. Compute f (2).
d. Compute the probability of at least one success.
e. Compute the expected value, variance, and standard deviation.

3. When a new machine is functioning properly, only 3% of the items produced are defective. Assume that we
will randomly select two parts produced on the machine and that we are interested in the number of defective
parts found.
a. Describe the conditions under which this situation would be a binomial experiment.
b. Draw a tree diagram similar to figure 5.4 showing this problem as a two-trial experiment.
c. How many experimental outcomes result in exactly one defect being found?
d. Compute the probabilities associated with finding no defects, exactly one defect, and two defects.

4. In 2011, New York City had a total of 11,232 motor vehicle accidents that occurred on Monday through Friday
between the hours of 3 p.m. and 6 p.m. (New York State Department of Motor Vehicles website, October 24,
2012). This corresponds to mean of 14.4 accidents per hour.
a. Compute the probability of no accidents in a 15-minute period.
b. Compute the probability of at least one accident in a 15-minute period.

5. Suppose N = 15 and r = 4. what is the probability of x = 3 for n = 10?

6. In a foreign university comprising of 1000 students out of which 350 are of Bangladeshi origin,
a. what is the probability of selecting 5 Bangladeshi when 20 students are selected?
b. What is the probability of selecting 15 Bangladeshi when 20 students are selected?

7. A shuttle train at busy airport completes a circuit between two terminals every 5 minutes.
Assuming the wait time of passengers to be uniformly distributed between 0 minutes and 5 minutes.
a. What is the probability that a passenger will wait more than three minutes for a shuttle train?
b. What is the probability that a passenger will wait between 1 minute than three minutes for a shuttle train?
c. Compute E(x) and Var(x).
8. Given that z is a standard normal random variable, compute the following probabilities.
a. P(0 ≤ z ≤ .83)
b. P(−1.57 ≤ z ≤ 0)
c. P(z > .44)
d. P(z ≥ −.23)
e. P(z ≤ −.71)

9. A random variable is normally distributed with a mean of µ = 50 and a standard deviation


of σ = 5.
a. Sketch a normal curve for the probability density function. Label the horizontal axis with values of 35, 40,
45, 50, 55, 60, and 65. Figure 6.4 (from book) shows that the normal curve
almost touches the horizontal axis at three standard deviations below and at three standard deviations above
the mean (in this case at 35 and 65).
b. what is the probability the random variable will assume a value between 45 and 55?
c. what is the probability the random variable will assume a value between 40 and 60.

10. The time between arrivals of vehicles at a particular intersection follows an exponential probability
distribution with a mean of 12 seconds.
a. Sketch this exponential probability distribution.
b. what is the probability that the arrival time between vehicles is 12 seconds or less?
c. what is the probability that the arrival time between vehicles is 6 seconds or less?
d. what is the probability of 30 or more seconds between vehicle arrivals?

11. A survey question for a sample of 150 individuals yielded 75 Yes responses, 55 No responses, and 20 No
Opinions.
a. What is the point estimate of the proportion in the population who respond Yes?
b. What is the point estimate of the proportion in the population who respond No?

12. population has a mean of 200 and a standard deviation of 50. A sample of size 100 will be taken and the
sample mean x will be used to estimate the population mean.
a. What is the expected value of x?
b. What is the standard deviation of x?

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