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Crocodile Lifespan and IRS Refund Probabilities

A study found that crocodiles on restricted diets live an average of 40 months, with a standard deviation of 6.3 months. The probability that a crocodile lives more than 37 months was calculated to be 68.44%, less than 49 months to be 92.36%, and between 37 and 49 months to be 60.8%. Another study reported that the average tax refund in 2017 was $2,708 with a standard deviation of $650. It was calculated that the percentage of refunds greater than $3,000 was 32.

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14 views1 page

Crocodile Lifespan and IRS Refund Probabilities

A study found that crocodiles on restricted diets live an average of 40 months, with a standard deviation of 6.3 months. The probability that a crocodile lives more than 37 months was calculated to be 68.44%, less than 49 months to be 92.36%, and between 37 and 49 months to be 60.8%. Another study reported that the average tax refund in 2017 was $2,708 with a standard deviation of $650. It was calculated that the percentage of refunds greater than $3,000 was 32.

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© All Rights Reserved
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Download as PDF, TXT or read online on Scribd

A scientific researcher reports that some crocodiles will live an average of

40 months when their diets are drastically restricted and then they become enriched.
with vitamins and proteins. Suppose that the life of such crocodiles is distributed
normally with a standard deviation of 6.3 months, find the
probability that a given crocodile will live.
more than 37 months;
solution
37−40
P ( X >37) =1−PZ<
( 6.3 )
¿ 1−∅(−0.48 ) =1−0.3156=0.6844
The probability that a crocodile is more than 37 months old is 68.44%

b) less than 49 months;


solution
49−40
(
P ( X < 49)=PZ<
6.3 )
=∅( 1.43=0,9236
)
The probability that a crocodile under 49 months lives is 92.36%

c) between 37 and 49 months.


solution
49−40 37−40
P ( 37 ≤ X ≤ 49)=P
( 6.3
<Z <
)
6.3
49−40 37−40
P ( 37 ≤ X ≤ 49)=∅
( 6.3 ) (
−∅
)
6.3
P ( 37 ≤ X ≤ 49)=∅ ( 0.43 )−∅(−0.48 )
P ( 37 ≤ X ≤ 49)=0.9236−0.3156
P ( 37 ≤ X ≤ 49)=0.608
The probability that a crocodile lives between 37 and 49 months is 60.8%

9. According to the Internal Revenue Service (IRS), the average refund


Taxes in 2017 were $2,708. Assume that the standard deviation is $650.
and that the returned sums have a normal distribution.
a) What percentages of refunds are higher than $3,000?
Solution
3000−2708
P ( X >3000)=1−P Z<
( 650 )
¿ 1−∅0.45
( ) =1−0.6736=0,3264
The percentage of refunds that are above $3000 is 32.64%

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