SOLUTIONARY STATISTICS II

QUESTION 1 (Value 1.0 point)

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11 233 0.10
The Kamp family has twins, Rob and Rachel. Both graduated from college two years ago.
years and currently each one earns $50,000 annually. Rachel works in the sales industry.
wholesale, where the average salary of executives with less than five years of experience is
$35,000, with a standard deviation of $8,000. Rob is an engineer. The average salary of the
engineers with less than five years of experience is $60,000, with a standard deviation
from $5,000. Calculate the z values of Rob and Rachel, and comment on the results.

a. Rob
Data:
µ = 60
σ=5

= 50-60
5
= −2.00

b. Rachel

50 -35
= 1.88
8

Rob's salary is 2 standard deviations below the average, while Rachel's is

it's 1.88 standard deviations above the average.

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15 237 0.10
A recent study regarding hourly wages of maintenance team members
of the most important airlines showed that the average hourly wage was $20.50, with a
standard deviation of $3.50. Assume that the distribution of hourly wages is a
normal probability distribution. If you randomly select a member of a team, what is the
probability of winning:

Data:
µ = 20,5
σ = 3.5

between $20.50 and $24.00 per hour?

24− 20.5
= = 1,00
3,5
 b) more than $24.00 an hour?

24− 20.5
= = 1,00
3,5

2
c) less than $19.00 an hour?

19− 20.5
= = -0,43
3,5

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20 239 0.10
The number of viewers for American Idol averages 29 million.
standard deviation of 5 million. Assume that this distribution follows a normal distribution.
What is the probability that the program next week:
Data:
µ = 29
σ=5

a) have between 30 and 34 million viewers?

30 −29
= = 0.20 A1 =0.0793
5

34− 29
= = 1.00 A2 =0.3413
5

A = A2− A1 = 0.3413− 0.0793 = 0.262

b) have at least 23 million viewers?

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 23−29
= = −1,20
5

= 0.5+ 0.3843 = 0.8849

Did it exceed 40 million viewers?

3
40 -29
= 2.20
5

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29 241 0.10
In economic theory, a 'minimum rate of return' is, as its name indicates, the return
the minimum that a person needs before making an investment. Research reveals that the
annual returns of a special class of common stock are distributed according to a
normal distribution, with a mean of 12% and a standard deviation of 18%. A runner of
I would like to identify a minimum rate of return that is above that value by just 1.
from 20 actions. How much should I set the minimum return rate?
Data:
µ = 12
σ =18

− 12
1,65=
18

X = 1.65(18) + 12 = 41.7%

By: HSCF
 EXERCISE PAGE VALUE
33 245 0.10
Dottie's Tax Service specializes in income tax returns for clients
professionals, such as doctors, dentists, accountants, and lawyers. A recent audit of the
statements prepared by the company, carried out by the Internal Revenue Service, IRS,
indicated that 7% of the statements he had prepared during the last year contained errors.
If this error rate continues this year and Dottie's prepares 80 statements, what is the
probability of making mistakes in:
Data:
n = 80
π = 0.07
4
µ = 80*0.07 = 5.6

σ = √80∗ 0,07 *0,93 = 2.28

more than six statements?

P(X > 6) X = 7 - 0.5 = 6.5
6.5 − 5,6
= = 0,39 ApéIndicate B1: A1 = 0.1535
2.28
= 0.50 -A1 =0.50 - 0.1535= 0.3465

b) at least six statements?

P(X≥6) X = 6 - 0.5 = 5.5
5.5 − 5,6
= = -0,044 AppendixB1: A1 = 0.0175
2.28
= 0.50+ A1 = 0.50+ 0.0175= 0.5175

c) six statements exactly?

P(X=6) X16 - 0.5 = 5.5 X26 + 0.5 = 6.5
5.5 - 5,6
= = -0,044 AppendixB1: A1 = 0.0175
2.28
6,5 − 5,6
= = 0,39 ApéndiceB1: A1 = 0.1535
2.28

= 0.1535+ 0.Zero175= 0.171

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 EJERCICIO PAGE VALUE
44 252 0.10

The time that guests at the Grande Dunes hotel in the Bahamas wait for the elevator has a
uniform distribution between 0 and 3.5 minutes.
Data:
a = 0 min
b = 3.5 min

a) Show that the area under the curve is 1.00.

Area = (height)(base) = 1 / (b - a) * (b - a) = 1.00

5
Area = 1/(3.5-0)*(3.5-0) = 1

b) How long does the regular customer wait for the elevator service?

+ 0+3,5
µ=
2
= = 1.75
2

c) What is the standard deviation of the waiting time?

√ ( − )2 √ (30.52 )
= = = 1.0104
12 12

d) What percentage of guests expect less than a minute?

Area = 1/(3.5-0)*(1-0) = 0.2857

e) What percentage of guests expects to wait more than two minutes?

Area = 1/(3.5-0)*(3.5-2) = 0.4286

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58 254 0.20

It is estimated that 10% of the students who take the part corresponding to methods
Quantitative aspects of the Certified Public Accountant (CPA) exam will fail. This Saturday they will present.
the exam 60 students.
Data:
n = 60
π = 0.10

a) How many do you expect to fail? What is the standard deviation?

µ = 60*0.1 = 6

= √60∗ 0,1 *0,9 = 2,3238

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 b) What is the probability that exactly 2 students fail?
P(X=2) X1= 2 - 0.5 = 1.5 X2= 2 + 0.5 = 2.5
1.-1
= = −1.94 AppendiceB1: A1 = 0.4738
2.3238
2,-1
= = −151 AppendixB1: A2 = 0.4345
2.3238

= 0.4738- 0.4345= 0.0395

6
c) What is the probability that at least 2 students will fail?

P(X≥2) X = 2 - 0.5 = 1.5

1.5 - 6
= = −1.94 appendixB1: A1 = 0.4738
2.3238
= 0.50+ A1 = 0.50+ 0.4385= 0.9738

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66 255 0,20
The share price of the Bank of Florida at the end of each trading day
Last year was governed by a normal distribution. Assume that there were 240 workdays during the year.
of marketing. The average price was $42.00 per share, and the standard deviation was
$2.25 per share.
Data:
µ = 42
σ =2.25

a) ¿Qué porcentaje de jornadas el precio estuvo arriba de $45.00? ¿Cuántas jornadas

Would you calculate?
45 − 42
= = 1.33Appendix B1: 1 = 0.4082
2.25
= 0.50 -A1 = 0.50 - 0.4082 = 0.0918

240 (days)*0.0918 = 22 days

b) What percentage of the days did the price fluctuate between $38.00 and $40.00?

38− 42
= = −1.78 AppendixB1: A1 = 0.4625
2.25
40 − 42
= = −0,89 AppendixB1: A2 = 0.3133
2.25
= 0.4625 − 0.3133 = 01492

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 c) What was the stock price that remained the highest 15% of the days?

− 42
1,04 =
2.25

X = 1.04(2.25) + 42 = 44.33

QUESTION 2 Value 1.0 point

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08 278 0.20
A population consists of the following five values: 0, 0, 1, 3, and 6.
!
= =
! ∗( − ) !

a) List all samples of size 3 and calculate the mean of each sample.

No SAMPLE
1 0 0 1 0.33
2 0 0 3 1.00
3 0 0 6 2.00
4 0 1 3 1.33
5 0 1 6 2.33
6 0 3 6 3.00
7 0 1 3 1.33
8 0 3 6 3.00
9 0 1 6 2.33
10 1 3 6 3.33
Total 20.00

b) Calculate the mean of the sampling distribution of the means and the mean of the population.
Compare the two values.

µ=0+0+1+3+6=2 µx= 20/10 = 2

5

c) Compare the dispersion of the population with that of the sample means.

R Population = 6–0 = 6 R Sample = 3.33–0.33 = 3 (LESSER)

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 EXERCISE PAGE VALUE
12 278 0.20
Scrapper Elevator Company has 20 sales representatives who distribute their product in
United States and Canada. The number of units sold by each representative last month.
Included below. Suppose these figures represent population values.

2 3 2 33 42 4 3 2 2 7 3 4 5 3 3 3 3 5

a) Draw a graph that shows the distribution of the population.

b) Calculate the mean of the population.

µ = 66/20 = 3.3

c) Select five random samples of 5 each. Calculate the mean of each sample.
Use the methods described in the chapter and in appendix B.6 to determine the
elements that must be included in the sample.

No SAMPLE
1 3 4 5 4 5 4.20
2 4 7 2 3 3 3.80
3 3 4 3 2 2 2.80
4 3 2 3 3 2 2.60
5 3 3 4 5 2 3.40
Total 16.80

µx= 16.8/5 = 3.36

d) Compare the mean of the sampling distribution of means with the population mean.
Would you expect the two values to be approximately equal?

It is reasonably close but not the same, as only 5 of the

possible samples of the population.

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 e) Draw a histogram of the sample means. Do you notice any difference in shape?
the sampling distribution of the means in comparison with the shape of the distribution of
the population?

There is a better approximation to the normal distribution of the distribution of means.

show them.
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16 289 0.20
A normal population has a mean of 75 and a standard deviation of 5. You select
a sample of 40. Calculate the probability that the sample mean:
Data:
µ = 75
σ=5

It is less than 74.

P(<74)
74− 75
= = −1.26, é B1: A1 = 0.3962
5
√ 40

= 0.5 − 0.3962 = 0.1038

b) It is between 74 and 76.

P(74 ≤ X ≤ 76)
74− 75
= = −1.26, é B1: A1 = 0.3962
5
√ 40

76 -75
= = 1.26, é B1: A1 = 0.3962
5
√ 40

= 0.3962 + 0.3962 = 0.7924

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 c) It is between 76 and 77.

P(76 ≤ x ≤ 77)
77 − 75
= = 2.53, AppendixB1: A1 = 0.4943
5
√ 40

76 -75
= = 1.26, é B1: A1 = 0.3962
5
√ 40

= 0.4943- 0.3962 =0.0981

10

d) Greater than 77

P(>77)
77− 75
= = 2.53, AppendixB1: A1 = 0.4943
5
√ 40

= 0,5 - 0.4943 = 0.0057

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43 294 0.20
Last decade, the average number of members of the Information Systems Security
Association, which had experience in denial of service attacks every year is 510,
with a standard deviation of 14.28 attacks. Assume that nothing changes in this environment.
Data:
µ = 510
σ =14,28

a) What is the probability that this group will suffer an average of more than 600 attacks?
the next 10 years?

P(>600)
600 - 510
= 19.92Appendix B1: 1 = 0.5
14.28
√ 10

= 0,5 − 0.5= 0.00

b) Calculate the probability that they experience an average of between 500 and 600 attacks
over the next 10 years.

P(500 ≤ X ≤ 600)
500 - 510
= = −AppendixB1: A1 = 0.4864
14.28
√ 10

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 59510
= 14.28 = 19.92Appendix B1: A1 =0.5
√ 10

= 0.4864 +0.5= 0.9864

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45 295 0.20
Nike's annual report indicates that the average American buys 6.5 pairs of shoes.
sports each year. Assume that the population standard deviation is 2.1 and that
11 He will study a sample of 81 clients next year.
Data:
µ = 6.5
σ = 2.1
n = 81
a) What is the standard error of the mean in this experiment?

σx==0,2333
2.1
81
√

b) What is the probability that the sample mean is between 6 and 7 pairs of
sports shoes?

P(6 ≤ X ≤ 7)
6 − 6.5
= = −2.14, AppendixB1: A1 = 0.4838
2.1
√ 81

7- 6.5
= = 2.14,Appendix B1: A1 = 0.4838
2.1
√ 81

= 0.4838 +0.4838 = 0.9676

c) What is the probability that the difference between the sample mean and the mean
is the population less than 0.25 pairs?
P(6.25 ≤ X ≤ 6.75)
6,2-1.5
= = −107, ApéndiceB1: A1 = 0.3577
2.1
√ 81

6,75 − 6.5
= = 1,07, AppendixB1: A1 = 0.3577
2.1
√ 81

= 0.3577+ 0.3577= 0.7154

d) What is the probability that the sample mean is greater than 7 pairs?

P( ˃7)
7- 6.5
= = 2.14,Appendix B1: A1 =0.4838
2.1
√ 81

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 = 0.5 - 0.4838= 0.0162

QUESTION 3 Value 1.0 point

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06 306 0.20
Review the previous exercise. Suppose a sample of 64 smokers was taken (instead of
49)
Assume that the sample mean is the same.
12 = 20
σ=5
n = 64

a) What is the 95% confidence interval estimator for µ?

Pru 95% = 1.96 ú éIndicator B1: = 0.475
5
Upper confidence interval = 20+ 1.96∗ = 21.23
√64
5
Lower confidence interval = 20 -1.96∗ 18.77
√ 64

b) Explique por qué este intervalo de confianza es más reducido que el que se determinó
in the previous exercise.
It is because the sample size is larger, which causes a reduction of the error by 1.4.
a 1.23.

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12 313 0.20
The U.S. dairy industry wants to calculate the average milk consumption per year. A
A sample of 16 people reveals that the average annual consumption is 60 gallons, with a
standard deviation of 20 gallons.

= 60
s = 20
n = 16

a) What is the value of the population mean? What is the best estimator of this value?
= µ; 20 = 20

b) Explain why you need to use the t distribution. What assumptions do you need to make?
Because the sample size is less than 30, the assumption is that the population
it has a normal behavior.
c) What is the value of t in a 90% confidence interval?
gl = 16-1 = 15
t = 1,753
d) Construct the 90% confidence interval for the population mean.
t for 90% with 11 degrees of freedom (n - 1) is 1.796 (appendix B2)
20
Upper confidence interval =20+ 1.753 *√16= 68.77
20
Lower confidence interval =20 −1.753 * = 51.23
√ 16

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 e) Is it reasonable to conclude that the population mean is 63 gallons?

It is reasonable to conclude that the population mean is 63 gallons because it is within

of the interval

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18 316 0.20
13 Schadek Silkscreen Printing, Inc. buys plastic mugs to print logos on them.
sports events, graduations, birthdays or other important occasions. Zack Schadek, the
the owner received a large shipment this morning. To ensure the quality of the shipment,
A random sample of 300 cups was selected. It was found that 15 were defective.
Data:
n = 300
x = 15
p = 15/300 = 0.05

a) What is the approximate proportion of defective cups in the population?

p = π ; 0.05 = 0.05
b) Construct the 95% confidence interval for the proportion of defective cups.

p * (1− ) 0.05 ∗ 0.95

=√ = √ = 0.0126
300

= 0.05+ 1.96∗ 0.0126= 0.075

= 0.05 - 1.96∗ 0.0126= 0.025

c) Zack reached an agreement with his supplier that he will return batches with 10% or more of
Defective items. Should this batch be returned? Explain your decision.
It should not return the batch since the maximum percentage of defective items would reach
7.5%

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26 320 0.20
Previous surveys reveal that 30% of tourists who go to Las Vegas to gamble during the
weekend spends more than $1,000 each. Management wants to update this percentage.
Data:
p = 0,30

a) The new study will use a confidence level of 90%. The estimator will be less than
1% of the population proportion. What is the necessary sample size?
2
1.65 2
= ∗( 1− ) ∗ ( )= 0.3 *0.7 *( ) = 5.717
0.01

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 b) Management indicated that the determined sample size is too large. What
se puede hacer para reducir la muestra? Con base en su sugerencia, vuelva a calcular el
sample size.
The margin of error can be increased.

2
1.65 2
= ∗( 1− ) ∗ ( )= 0.3 *0.7 *( ) = 635
0.03

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44 325 0.20
14 The manufacturer of a new line of inkjet printers wants to include, as part
from its advertising, the number of pages that the user can print with a cartridge. A
A sample of 10 cartridges revealed the following number of printed pages.
2,698 2,028 2,474 2,395 2,372 2,475 1,927 3 006 2,334 2 379

a) What is the point estimator of the population mean?

µ = 2.408,80
b) Construct the 95% confidence interval of the population mean.
PURI 95% = 2,262
304,43
Upper confidence interval = 2.408,8 + 2,262 * = 2.656,56
√ 10
304,43
Lower confidence interval = 2.408.8− 2.262 * = 2.191,04
√ 10

THE REST OF THE TASK IS INDIVIDUAL APPLICATION OF YOUR KNOWLEDGE

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