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95 exercise 88
88. Refer to the Baseball 2005 data, which reports information on the 30 major league
teams for the 2005 baseball season.
A. Select the variable team salary and find the mean, median, and the standard deviation.
B. Select the variable that refers to the age the stadium was built. (Hint: Subtract the year
in which the stadium was built from the current year to find the stadium age and work
with that variable.) Find the mean, median, and the standard deviation.
C. Select the variable that refers to the seating capacity of the stadium. Find the mean,
median, and the standard deviation.
SEE EXCEL
Assume the likelihood that any flight on Northwest Airlines arrives within 15
minutes of the scheduled time is .90. We select four flights from yesterday
for study.
A. What is the likelihood all four of the selected flights arrived within 15
minutes of the scheduled time?
B. What is the likelihood that none of the selected flights arrived within
15 minutes of the scheduled time?
C. What is the likelihood at least one of the selected flights did not arrive
within 15 minutes of the scheduled time?
Assume the likelihood that any flight on Northwest Airlines arrives within 15 minutes of
the scheduled time is .90. We select four flights from yesterday for study.
a. What is the likelihood all four of the selected flights arrived within 15 minutes of the
scheduled time?
p^n
0.9^4 = 0.6561
b. What is the likelihood that none of the selected flights arrived within 15 minutes of
the scheduled time?
(1-p)^n
(1-0.9)^4
0.1^4
= 0.0001
c. What is the likelihood at least one of the selected flights did not arrive within 15 minutes
of the scheduled time?
a. What is the probability Linda Lahey, company president, received exactly 1 email between 4
P.M. and 5 P.M. yesterday?
0.270670566473225
b. What is the probability she received 5 or more email during the same period?
= 1 - 4 or less
= 1 - 0.947346982656289
= 0.052653017343711
c. What is the probability she did not receive any email during the period?
0.135335283236613
Using the formula:
f(x) = e-x / x!
= e^(-2)*(2)^0 / 1
Again, the same result as the above...
Fast Service Truck Lines uses the Ford Super Duty F-750 exclusively.
Management made a study of the maintenance costs and determined the
number of miles traveled during the year followed the normal distribution.
The mean of the distribution was 60,000 miles and the standard deviation
2,000 miles.
A. What percent of the Ford Super Duty F-750s logged 65,200 miles
or more?
B. What percent of the trucks logged more than 57,060 but less
than 58,280 miles?
C. What percent of the Fords traveled 62,000 miles or less during
the year?
D. Is it reasonable to conclude that any of the trucks were driven
more than 70,000 miles? Explain.
a. What percent of the Ford Super Duty F-750s logged 65,200 miles or more?
z(65200) = (65200-60000)/2000 = 2.6
prob(z > 2.6)
= 0.466%
b. What percent of the trucks logged more than 57,060 but less than 58,280 miles?
z(57060) = (57060-60000)/2000 = -1.47
z(58280) = (58280-60000)/2000 = -0.86
c. What percent of the Fords traveled 62,000 miles or less during the year?
z(62000) = (62000-60000)/2000 = 1
prob(z < 1)
= 84.13%
d. Is it reasonable to conclude that any of the trucks were driven more than 70,000 miles?
Explain.
z(70000) = (70000-60000)/2000 = 5
prob(z > 5)
= about 0% (it's greater than 0, but the z table shows it as 0)
It is not reasonable, since the proportion of a population that's more than 5 standard
deviations above the mean is basically 0.
b. What is the likelihood the sample mean is greater than $22.50 but less than $25.00?
z(22.5) = (22.5-23.5)/(5/sqrt(50)) = -1.4142
prob(-1.4142 < z < 2.12132)
= 0.9044
Families USA, a monthly magazine that discusses issues related to health and health
costs, surveyed 20 of its subscribers. It found that the annual health insurance premiums
for a family with coverage through an employer averaged $10,979. The standard
deviation of the sample was $1,000.
A. Based on this sample information, develop a 90 percent confidence interval for
the population mean yearly premium.
B. How large a sample is needed to find the population mean within $250 at 99
percent confidence?
a. Based on this sample information, develop a 90 percent confidence interval for the
population mean yearly premium.
The t value for df = n-1 = 19, with 90% confidence is:
1.7291
With a calculator:
10592.36 to 11365.64
b. How large a sample is needed to find the population mean within $250 at 99 percent
confidence?
The z value for 99% confidence is 2.5758
The formula for sample size is:
N = (z*sd/E)^2
N = (2.5758*1000/250)^2
N = 106.16
Round up to:
N = 107
During recent seasons, Major League Baseball has been criticized for the
length of the games. A report indicated that the average game lasts 3 hours
and 30 minutes. A sample of 17 games revealed the following times to
completion. (Note that the minutes have been changed to fractions of hours,
so that a game that lasted 2 hours and 24 minutes is reported at 2.40
hours.)
2.98
2.40
2.70
2.25
3.23
3.17
2.93
3.18
2.38
3.75
3.20
3.27
2.52
2.58
4.45
2.45
2.80
Can we conclude that the mean time for a game is less than 3.50 hours?
Use the .05 significance level.
H0: game length is >= 3.5 hours
Ha: game length is < 3.5 hours
mean = 2.9553
stdev = 0.5596
Get the critical value for df = N-1 = 16, one tail, alpha is 0.05:
-1.7459
Since our test statistic is much lower than the critical value, we reject the null hypothesis.
There is enough evidence to conclude that games are shorter than 3.50 hours.
Home Owner
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19
20
SEE EXCEL
Now
10%
39
37
27
12
41
24
26
28
26
32%
32
21
12
40
42
22
19
35
12
Martin Motors has in stock three cars of the same make and model. The
president would like to compare the gas consumption of the three cars
(labeled car A, car B, and car C) using four different types of gasoline.
For each trial, a gallon of gasoline was added to an empty tank, and the car
was driven until it ran out of gas. The following table shows the number of
miles driven in each trial.
Distance (miles)
of Gasoline
Car A
Car B
Car C
Regular
22.4
20.8
21.5
Super regular
17.0
19.4
20.7
Unleaded
19.2
20.2
21.2
Premium unleaded
20.3
18.6
20.4
SEE EXCEL
SEE EXCEL
others. She believes that three factors are related to total sales: the number
of competitors in the region, the population in the surrounding area, and the
amount spent on advertising. From her district, consisting of several hundred
stores, she selects a random sample of 30 stores. For each store she
gathered the following information.
Y=
X1 =
X2 =
X3 =
The sample data were run on MINITAB, with the following results.
Analysis of
Variance
Source
DF
Regression
Error
26
Total
Predictor
Constant
X1
X2
X3
29
Coef
14.00
-1.00
30.00
0.20
SS
3050.0
0
2200.0
00
5250.0
00
StDev
7.00
0.70
5.20
0.08
MS
1016.
67
84.62
t-ratio
2.00
2.00
5.77
2.50
a. What are the estimated sales for the Bryne store, which has four competitors, a
regional population of 0.4 (400,000), and advertising expense of 30 ($30,000)?
Use the regression:
14 - 1*4 + 30*0.4 + 0.2*30
= 28
So the sales would be $28000, since the regression gives the value in thousands
d. Conduct a global test of hypothesis to determine whether any of the regression coefficients
are not equal to zero. Use the .05 level of significance.
H0: coeffs are zero
Ha: coeffs are not zero
F = 1016.67/84.62
= 12.01454
The critical value, from an F table, with df = 3, 26 is: 2.975
The test statistic is much higher, so we reject the null.
At least one coefficient is non zero.
50
77
81
48
31
5 or more
13
SEE EXCEL