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    Test Sample IB 2021

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    Natalia Stec
    This document contains 5 exercises related to statistics and probability concepts: 1) Questions about the salaries of employees at a company being normally distributed. 2) A test of whether the thickness of gum being produced matches the claimed thickness, using a sample. 3) Questions about the number of "deals cracked" by an agent each day, which follows a Poisson distribution. 4) A test of whether the blood type proportions in an isolated community match the national proportions. 5) Questions about the profit that could be earned from a new product, with given probabilities of different profit scenarios.

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    Test Sample IB 2021

    Uploaded by

    Natalia Stec
    17 views1 page
    This document contains 5 exercises related to statistics and probability concepts: 1) Questions about the salaries of employees at a company being normally distributed. 2) A test of whether the thickness of gum being produced matches the claimed thickness, using a sample. 3) Questions about the number of "deals cracked" by an agent each day, which follows a Poisson distribution. 4) A test of whether the blood type proportions in an isolated community match the national proportions. 5) Questions about the profit that could be earned from a new product, with given probabilities of different profit scenarios.

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    This document contains 5 exercises related to statistics and probability concepts: 1) Questions about the salaries of employees at a company being normally distributed. 2) A test of whether the thickness of gum being produced matches the claimed thickness, using a sample. 3) Questions about the number of "deals cracked" by an agent each day, which follows a Poisson distribution. 4) A test of whether the blood type proportions in an isolated community match the national proportions. 5) Questions about the profit that could be earned from a new product, with given probabilities of different profit scenarios.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views1 page

    Test Sample IB 2021

    Uploaded by

    Natalia Stec
    This document contains 5 exercises related to statistics and probability concepts: 1) Questions about the salaries of employees at a company being normally distributed. 2) A test of whether the thickness of gum being produced matches the claimed thickness, using a sample. 3) Questions about the number of "deals cracked" by an agent each day, which follows a Poisson distribution. 4) A test of whether the blood type proportions in an isolated community match the national proportions. 5) Questions about the profit that could be earned from a new product, with given probabilities of different profit scenarios.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    4th tutorial test - sample

     
    Exercise 1. The annual salaries of employees in a large company are approximatly normally distributed with a
    mean of $50000 and a standard deviation of $20000.
    a) What percent of people earn less than $40000?
    b) What percent of people earn between $45,000 and $65,000?
    c) How much would you have to earn to be among 10% of emplyees with the highest salary?

    Exercise 2. A manufacturer claims that the thickness of the spearmint gum it produces is 7.5. A quality control
    specialist regularly checks this claim. On one production run, he took a random sample of n = 10 pieces of gum
    and measured their thickness. He obtained:

    7.65 7.60 7.65 7.70 7.55


    7.55 7.40 7.40 7.50 7.50
    Is there statistical evidence that the thickness of the spearmint gum it produces is different from 7.5? Set 0.05
    significance level.

    Exercise 3. The deals cracked by an agent per day is a random Poisson variable with mean 2. Given that each
    day is independent of other day, find the probability of

    a) getting 2 deals cracked in a day


    b) getting 10 deals cracked over the period of 5 days
    c) getting at least 2 deals cracked in a day

    Exercise 4. The proportions of blood types O, A, B and AB in the general population of a particular country are
    known to be in the ratio 49:38:9:4, respectively. A research team, investigating a small isolated community in
    the country, obtained the following frequencies of blood type.

    Blood type 0 A B AB

    Frequency 87 59 20 4

    Test at the 5% significance level the hypothesis that the proportions in this community do not differ from those
    in the general population.

    Exercise 5. The ABC Company is planning to market a new product. According to the analysis made by the
    financial department, it will earn an annual profit of $4 million if this product has high sales, it will earn an
    annual profit of $1 million if the sales are mediocre, and it will lose $2 million a year if the sales are low. The
    probabilities of these three scenarios are 0.32, 0.51, and 0.17, respectively.

    Let the random variable X denote the early profit earned from this product

    a) Determine the probability mass function of X.


    b) Calculate the mean and standard deviation of X.
    c) Find and sketch the graph of the cumulative distribution function of X.

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