Академический Документы
Профессиональный Документы
Культура Документы
1. For each one of the following null hypothesis, determine if it is a left-tailed, a right-
tailed, or a two-tailed test. [10 Marks}
a. μ ≥ 10
right tailed
b. P ≤ 0.5
Left tailed
c. μ is at least 100.
Right tailed
d. μ ≤ -20
Left tailed
e. p is exactly 0.22
Two sided
2 Suppose you are sampling from a population with mean μ= 1,065 and standard
deviation σ = 500. The sample size is n=100. What are the expected value and the
variance of a sample mean ̅ ? [ 10 Marks]
μ= 1,065
σ = 500
n=100
3. The time it takes an international telephone operator to place an overseas phone call
is normally distributed with mean 45 seconds and standard deviation 10 seconds. [10
Marks]
a) What is the probability that my call will go through in less than 1 minute?
Z = (xbar - µ)/σ
Xbar = 60
Mean = 45
Stdev = 10
(xbar -
Mu)/std
z= ev
1.5
0.933193
So the probability is 93.3193%
b) What is the probability that I will get through in less than 40 seconds?
Xbar = 40
Mean = 45
Stdev = 10
Z=
-0.5
0.30853
8
So the probability is 30.85%
4. The following data are the number of tons shipped weekly across the pacific by a
shipping company. [10 marks]
398, 412, 560, 476, 544, 690, 587, 600, 613, 457, 504, 477, 530, 641, 359, 566, 452,
633, 474, 499, 580, 606, 344, 455, 505, 396, 347, 441, 390, 632, 400, 582
Assume these data represent an entire population. Find the population mean and the
population standard deviation.
x x-xbar (x-xbar)^2
-
398 106.69 11,382.22
-
412 92.69 8,590.97
average 504.69
sum 286052.88
Varianc
e 9227.5121
standard dev 96.05994
Financial Management: