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Worksheet 1

The document contains a worksheet from St. Mary’s University focusing on Business Statistics, specifically on calculating the mean and standard deviation of sample means from various populations. It includes problems involving different sample sizes and population parameters, as well as probability calculations related to sample means and proportions. The exercises aim to apply statistical concepts to real-world scenarios, such as customer service wait times and traffic accident statistics.

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3 views2 pages

Worksheet 1

The document contains a worksheet from St. Mary’s University focusing on Business Statistics, specifically on calculating the mean and standard deviation of sample means from various populations. It includes problems involving different sample sizes and population parameters, as well as probability calculations related to sample means and proportions. The exercises aim to apply statistical concepts to real-world scenarios, such as customer service wait times and traffic accident statistics.

Uploaded by

dagmawisileshiii
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
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St.

Mary’s University
Department of Management
Business Statistics/ Statistics for Management II worksheet

1. Random samples of size 225 are drawn from a population with mean 100 and standard
deviation 20. Find the mean and standard deviation of the sample mean
2. Random samples of size 64 are drawn from a population with mean 32 and standard
deviation 5. Find the mean and standard deviation of the sample mean
3. A population has mean 75 and standard deviation 12.
a. Random samples of size 121 are taken. Find the mean and standard deviation of
the sample mean
b. How would the answers to part (a) change if the size of the samples
were 400 instead of 121?
4. A population has mean 128 and standard deviation 22
a. Find the mean and standard deviation of the mean for samples of size 36.
b. Find the probability that the mean of a Sample of size 36 will be within 10 units of
the population mean, that is, between 118 and 138.
5. A population has mean 1,542 and standard deviation 246.
a. Find the mean and standard deviation of the mean for samples of size 100.
b. Find the probability that the mean of a sample of size 100100 will be within 100 units
of the population mean, that is, between 1,442 and 1,642.
6. Suppose the mean length of time that a caller is placed on hold when telephoning a
customer service center is 23.8 seconds, with standard deviation 4.6 seconds. Find the
probability that the mean length of time on hold in a Sample of 1,200 calls will be
within 0.50 second of the population mean.
7. Suppose the mean cost across the country of a 30-day supply of a generic drug is$46.58,
with standard deviation $4.84. Find the probability that the mean of a Sample
of 100 prices of 3030-day supplies of this drug will be between $45 and $50.
8. The proportion of a population with a characteristic of interest is p=0.37. Find the mean
and standard deviation of the Sample proportion obtained from random samples of
size 1,600.
9. Suppose that in 20% of all traffic accidents involving an injury, driver distraction in some
form (for example, changing a radio station or texting) is a factor. Find the probability
that in a random sample of 275 such accidents between 15% and 25% involve driver
distraction in some form. First verify that the sample is sufficiently large to use
the normal distribution.
10. An outside financial auditor has observed that about 4%4% of all documents he examines
contain an error of some sort. Assuming this proportion to be accurate, find the
probability that a random sample of 700 documents will contain at least 30 with some
sort of error. You may assume that the normal distribution applies.

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