HN Pas 2024 R01

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R01

Question 1.1: A sample of 5 senior executives found the following results for percentage
of total compensation derived from bonus payments:

18 15 40 10 10

Question Answer

Compute the mean.

Compute the median

Compute the mode.

Compute the range.

Compute the variance.

Compute the variance.

Compute the standard deviation.

Q1=

Q3=

IQR=
Question 1.2:

The U.S. Department of Energy provides fuel economy information for a variety of
motor vehicles. A sample of 10 automobiles is shown in Table 1.6 (Fuel Economy
website, February 22, 2008). Data show the size of the automobile (compact, midsize,
or large), the number of cylinders in the engine, the city driving miles per gallon, the
highway driving miles per gallon, and the recommended fuel (diesel, premium, or
regular).
a. How many elements are in this data set?
b. How many variables are in this data set?
c. Which variables are categorical and which variables are quantitative?
d. What type of measurement scale is used for each of the variables?

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Question 2.1:

Suppose that we have two events, A and B, with P(A) = 0.35, Answer
P(B) = 0.55, and P(A∪B) = 0.8

Find P(A ∩ B)

Find P(A / B)

Find P(B/A)

Find P(Ac)

Find P (Bc)

Question 2.2:

A and B are mutually exclusive. Answer


P(A) = 0.35, P(B) = 0.55
Find P(A ∩ B)

Find P(A / B)

Find P(B/A)

Find P(A∪B)

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Question 2.3:

A and B are independent. Answer


P(A) = 0.35, P(B) = 0.55
Find P(A ∩ B)

Find P(A / B)

Find P(B/A)

Find P(A∪B)

Question 2.4:
A publisher sends advertising materials for an accounting text to 40% of all professors
teaching the appropriate accounting course. 30% of the professors who received this
material adopted the book, as did 10% of the professors who did not receive the material.
What is the probability that a professor who adopts the book has received the advertising
material?

Question 3.1:
The following table provides a probability distribution for Answer
the random variable X.
X 3 6 9 12
P 0.2 0.1 0.2
a. P(X=9)=

b. Compute E(x), the expected value of X.

c. Compute σ2, the variance of X.

Question 3.2: X~B( 20, 0.4). Compute


a. P(X=0)
b. P(X=2)
c. P(X>2)
d. E(X)
e. V(X)
f. 𝜎(𝑋)
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Question 3.3:
A survey for InterContinental Hotels & Resorts asked respondents, “When traveling
internationally, do you generally venture out on your own to experience culture, or
stick with your tour group and itineraries?” The survey found that 60% of the
respondents stick with their tour group.
a. In a sample of 15 international travelers, what is the probability that none will
stick with the tour group?
b. In a sample of 15 international travelers, what is the probability that two will
stick with their tour group?
c. In a sample of 15 international travelers, what is the probability that at least two
will stick with their tour group?
d. In a sample of 15 international travelers, what is the probability that at most 14
will stick with their tour group?
Question 3.4:
Given that z is a standard normal random variable, compute the following probabilities.
a. 𝑃(𝑧 ≤ −1.5)
b. 𝑃(𝑧 > −1.0)
c. 𝑃(−1.2 < 𝑧 < 0.5)
d. 𝑃(|𝑧| ≤ 1.4)
e. 𝑃(|𝑧| > 1.2)
f. 𝑃(𝑍 = 1)
Question 3.5:
Given that z is a standard normal random variable, find z for each situation.
a. The area to the left of z is 0.0228.
b. The area to the right of z is 0.3085.
c. The area between -z and z is 0.6826.
Question 3.6:
X is a normally distributed random variable with a mean of 18 and a standard deviation
of 4. Compute the following probabilities.
a. P(X<20)
b. P(Z=20)
c. P(X>24)
d. P(18<X<22)
e. P(X>X*)=0.01 X*=
Question 3.7:
X is a normally distributed random variable with a mean of 18 and a variance of 4.
Compute the following probabilities.
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a. P(X<20)
b. P(X>23)
c. P(18<X<21)
d. P(X>X*)=0.01 X*=
Question 4.1: A population has a mean of 300 and a standard deviation of 100. A
sample of size 400 will be taken and the sample mean 𝑋 will be used to estimate the
population mean.
a. What is the expected value of 𝑋?
b. What is the standard deviation of 𝑋?
c. Compute P( 𝑋 < 310)
e. Compute P(295< 𝑋 < 312)
Question 5.1: A sample of the sales for 64 days revealed average sales of $140,000.
Assume that the standard deviation of the population is known to be $12,000. a. Provide
a 98% confidence interval estimate for the average daily sale.
Question 5.2: A sample of 25 cars traveling on the highway revealed an average speed
of 67 miles per hour with a standard deviation of 9 miles per hour. Determine a 95%
confidence interval estimate for the speed of all cars.( Assume that the population is
normally distributed.)
Question 5.3: In a poll of 1000 voters in a campaign to eliminate non-returnable
beverage containers, 410 of the voters were opposed. Develop a 88% confidence interval
estimate for the proportion of all the voters who opposed the container control bill.

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