Statistics and Probability Answers

Questions: 18 160

Answers by our Experts: 16 242

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Search & Filtering

Use the traditional method in testing the hypothesis in the problems below. In each problem, state the following:

a. State the hypotheses and identify the claim.

b. Find the critical value(s)

c. Find the test value

d. Make the decision

e. Summarize the result



1. The mean Verbal SAT score for the population of first year students at Radford is 520. The standard deviation of scores in this population is 95. An investigator believes that the mean Verbal SAT of first year psychology majors is significantly different from the mean score of the population. The mean of a sample of 36 first year psychology majors is 548. Test the investigator’s prediction using an alpha level of 0.05.


We want to estimate the mean of a population. A random sample of subjects is selected and the sample mean is computed. What is the probability that the sample mean is within 3 units of the true mean if the standard error is 1.8?


Find the critical value (or values) for the 𝑡-test for each.


a. 𝑛 = 10 ; ∝= 0.05 ; right tailed

b. 𝑛 = 18 ; ∝= 0.10 ; two-tailed

c. 𝑛 = 6 ; ∝= 0.01 ; left-tailed

d. 𝑛 = 9 ; ∝= 0.025 ; right tailed

e. 𝑛 = 15 ; ∝= 0.05 ; two-tailed 


The monthly saving of 500 students is normally distributed with mean RM200 and standard deviation RM150.

a) find the number of students has saving between RM180 and RM281 a month.

b) determine the value of X given that 85% of the students saving more than RMx a month.

Leo a working student from STEM, rides a bicycle from house to school to save money. If the mean life of a tire is 10,000 km and the standard deviation is 200 km. 68% of all tires will have a life between how many kilometers?


A company makes electronic gadgets. One out of every 50 gadgets is faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a Php 1,000.00 profit on the sale of any working gadget, but suffers a loss of Php 25, 000.00 for every faulty gadget because they have to repair the unit.


Your friend is asking you to invest in his bakery, and you have 35000. The returns are volatile, and you may get either 43000 with a probability of 0.44 or 27000 with a probability of 0.56.



a. What is the expected value of the investment?



b. Will you buy the refrigerator? Why?



c. Identify the mean, variance, and standard deviation.
A restaurant will be opening in green hills shopping center. in the process of preparing they have to buy appliances. a refrigerator, which costs 45,789.00, has a 15% chance of replacement in the first three years of purchase. the store is offering an extension of the warranty cost of 8,795.00 on the refrigerator.


a. what is the expected value of the extended warranty assuming it is replaced after three years?

b. will you buy the refrigerator? why?

c.identify the mean, variance and standard deviation.
Your friend is asking you to invest in his bakery, and you have 35000. The returns are volatile, and you may get either 43000 with a probability of 0.44 or 27000 with a probability of 0.56.

 The test scores of 40 students are summarized in the frequency distribution below. Find the standard deviation. Score Students 50-59 5 60-69 8 70-79 6 80-89 13 90-99 8


LATEST TUTORIALS
APPROVED BY CLIENTS