FINAL EXAM

PROBABILITY AND STATISTICS

Instruction: Carefully read each of the statements and develop what is asked of you.

1. Below is the annual investment (in thousands of dollars) of a group of small

companies located in the department of Lima (December 2017). Based on the data, calculate
the interpreter: (Total 4 points)

28 15 6 4 12 16 28 27 19 15

12 18 5 2 8 24 17 5 9 27

27 35 18 14 3 9 15 20 24 17

30 22 21 17 20 36 23 12 11 15

22 32 37 40 28 36 35 39 12 9

Substitute exam 1
 a) The average annual investment: 19.52

Interpretation: The average annual investment of small businesses is 19.52.

b) The median annual investment: 18

Interpretation: The median annual investment of small businesses is 18

c) The standard deviation: 10.28

Interpretation: The average annual investment of small businesses is 19.52 with

a standard deviation of 10.28

d) Coefficient of variation:
10.28
. .= x100 = 52.66
19.52

Interpretation: The coefficient of variation of annual investment in small businesses is

52.66% per year
[Link] sales manager of CANNON Company is conducting a study on the number of
incoming calls to provide information about computers, and the number of computers
sold in a random sample of 10 sales representatives. That is, he wants to know if
there is a relationship between the variables; therefore, it resorts to the Accounting Department and obtains the

next report: (Total 6 points)

Representative Computer Calls

of Sales for Sale Sold
0001 20 30
0002 40 60
0003 20 40
0004 30 60
0005 10 30
0006 10 40
0007 20 40
0008 20 50
0009 30 30
0010 20 70
Total

Substitute exam 2
Calls Representative of Computers
X2 Y2 XY
of Sales Sale Sold
1 20 30 400 900 600
2 40 60 1600 3600 2400
3 20 40 400 1600 800
4 30 60 900 3600 1800
5 10 30 100 900 300
6 10 40 100 1600 400
7 20 40 400 1600 800
8 20 50 400 2500 1000
9 30 30 900 900 900
10 20 70 400 4900 1400
Total 220 450 5600 22100 10400

Regression Analysis
80

70

60

50

40
y = 0.658 x + 30.526
30 R² = 0.178

20
0 10 20 30 40 50
Sales Calls

Perform all the following calculations.

a) Parameter a:

a = 30.52

Interpretation:

The number of calls received and the number of computers sold is 0.66

Substitute exam 3
 b) Parameter b:

b = 0.658

Interpretation:
If the number of received calls increases, the number of computers sold increases by 30.52.

c) Write the regression equation:

Y = 30.52 + 0.658X

d) Correlation Coefficient:

r = 0.4219
Interpretation:

There is a high direct positive correlation between the variables called sales and
computers sold.
e) Coefficient of Determination

r20.178*100=17.8%

Interpretation:

17.8% of the variation in the number of computers sold is explained by the

number of calls received to provide information about computers.

Estimate the number of computers sold, if 50 calls had been made.

Y = 30.52 + 0.658X
Y = 30.52 + 0.658(50)
Y= 63.42

Substitute exam 4
 Forecast:
If 50 calls had been made, then projections indicate that sales will be made
63.42 from the company Cannon.

3. In response to the question: How many households have computers in the district of Trujillo? It is known
that the total population of the Trujillo district is 150,000 households for the high strata,
medium and low; due to the lack of prior information, it was decided to select
random samples of home pilots from high, middle, and low strata being obtained.
next information:
(Total 4 points)

Number of households
what do they have Sample
Level
pilot
computers
High 8 20
Medium 5 25
Low 3 15

Use a confidence level of 99% in your calculations. What is the true sample size for
estimate the percentage of middle-class households that have computers, if one wishes a
2.5% error?

a) DATA: b) FORMULA: c) SOLUTION

2. . .
2. . .
= N - 1. 2+ 2 . .
Level of confidence (N - 1). 2+ 2. .
99%
Z1-α/2=2.58-0.01=2.57 2.57 2*0.2∗
( )0.8∗(150000)
( )
n= 2 *0.2∗(0.8)
2 (
E=2.5%=0.025 (149999)∗(0.025) +2.57 )
p=0.2
q=0.8 n= 1672.02
N= 150000

d) INTERPRETATION: (Detail who and how many are the elements to be studied)
The sample to carry out the study with a 99% confidence level and a 2.5% error of a
In a population of 150,000 households, the average level should have 1,672.02 households with a computer.

4. To compare the average times in minutes taken by two machines 1 and 2 in

to produce a type of object, the time for 9 and 8 randomly produced objects is recorded by the
machines 1 and 2 respectively yielding the following results:

Machine 1 :12 28 10 25 24 19 22 33 17

Machine 2 :16 20 16 20 16 17 15 21

Substitute exam 5
 With a significance of 5%. Do these data confirm that the average times of the
Are the machines different? Assume that the population variances are unknown and equal?
(Total 6 points)

a) Ho: M1=M2

H1: M1≠M2

b) Significance level:

α = 0.05

c) Test Statistic and Calculations:

d) Critical Point (Table Value, if you did manual calculations)

the P-VALUE: (if I use megastat)

P-VALUE= 0.2235

(Accept Ho / Reject Ho)

These data demonstrate that the average times of the machines are not different.

f) Conclusion: (Understand to answer the question of the exercise)

With a confidence level of 95%, the estimation of these limits suggests that the times
the averages of machines A and B are not different.

Substitute exam 6
 EVALUATION RUBRIC FINAL EXAM
RATING SCALE
Criteria Score
1 point 0 points
Calculate and interpret correctly. Calculate incorrectly and do not.
item to
the average. interpret the average.
Calculate and interpret correctly Calculate incorrectly and do not
MEASURES item b
the median. interpret the median.
DESCRIPTIVE
Calculate incorrectly and not
1 item c
Calculate and interpret correctly
interpret the deviation
the standard deviation.
standard.
Calculate incorrectly and not
Calculate and interpret correctly
(4 Points) item d interpret the coefficient of
the coefficient of variation.
variation.
Calculate and interpret correctly Calculate and interpret
item to the parameter of the equation of the parameter incorrectly
regression. from the regression equation.
Calculate and interpret correctly Calculate and interpret
item b the parameter of the equation of the parameter incorrectly
ANALYSIS OF regression. of the regression equation.
REGRESSION AND Write the regression equation Do not write the equation of
item c
2 CORRELATION correctly. regression correctly.
Calculate and interpret
Calculate and interpret correctly
(6 Points) Item d the coefficient incorrectly
the correlation coefficient.
of correlation.
Calculate and interpret
Calculate and interpret correctly
item and incorrectly the coefficient
the coefficient of determination.
of determination.
Perform the appropriate calculation of the Does not perform the correct calculation
item f
requested forecast. of the requested forecast.
Correctly indicate the data Incorrectly indicates the
item a for the calculation of the size of the data for the calculation of
show. sample size.
Does not identify the formula
Identify the correct formula for
item b correct for the calculation of the
SAMPLING the calculation of sample size.
3 sample size.
(4 Points)
Calculate the sample size of Calculate the sample size
item c
proper form. inappropriately.
Indicate who and how many Indicate who and how many.
item d elements to be studied will be chosen elements to study
correctly. they will choose incorrectly.
Adequately formulate the Not formulated properly
item a
hypothesis. the hypotheses.
Correctly identify the level of does not correctly identify the
item b
significance. level of significance.
Does not identify or calculate
Identify and calculate appropriately
item c adequately the statistician
the test statistic.
for testing.
4 Find the critical value with the Does not find the critical value
TEST OF
use of statistical tables or the with the use of tables
HYPOTHESIS item d
value 'p' using Megastat statistics or the 'p' value
correctly. using Megastat.
(6 Points)
Choose the correct decision, taking into accountDon't choose the right decision,
item and taking into account Accept or
in account Accept or reject Ho.
reject Ho.
Do not describe the answer
Describe the correct answer
correct considering the
item f taking into account the question and the
question and the context of the
context of the statement.
statement.
TASK RATING

Substitute exam 7