Answer:
Total Cost = Fixed Cost as x --> ∞
Step-by-step explanation:
C'(x) = 4500 x⁻¹•⁹ where x ≥ 1
Marginal Cost = C'(x) = (dC/dx)
C(x) = ∫ (marginal cost) dx
C(x) = ∫ (4500 x⁻¹•⁹)
C(x) = (-5000 x⁻⁰•⁹) + k
where k = constant of integration or in economics term, K = Fixed Cost.
C(x) = [-5000/(x⁰•⁹)] + Fixed Cost
The company wants to make infinitely many units, that is, x --> ∞
C(x --> ∞) = [-5000/(∞⁰•⁹)] + Fixed Cost
(∞⁰•⁹) = ∞
C(x --> ∞) = [-5000/(∞)] + Fixed Cost
But mathematically, any number divide by infinity = 0;
(-5000/∞) = 0
C(x --> ∞) = 0 + Fixed Cost = Fixed Cost.
Total Cost of producing infinite number of units for this cost function is totally the Fixed Cost.
pat was among 170 college students particiapting in a quantitative skills assesment. I t has been determined that there were 34 score that were lower than pat's. Pat's score therfore was the _______ percentiles?
Answer:
Pat's score therfore was the 20th percentiles
Step-by-step explanation:
When a value V is said to be in the xth percentile of a set, x% of the values in the set are lower than V and (100-x)% of the values in the set are higher than V.
In this problem, we have that:
34 scores lower than Pat's.
[tex]\frac{34}{170} = 0.20[/tex]
So Patrick's score was the 20th percentile.
A product has a 4 week lead time. The standard deviation of demand for each of the week is given below. What is the standard deviation of demand over the lead time? (Answer to 2 decimal places) Week Standard deviation of demand 1 16 2 15 3 17 4 13
÷Answer:
Standard Deviation = 176.5
Step-by-step explanation:
To calculate the standard deviation, calculate the mean score for the 4 standard deviation scores:
mean, m = Σx ÷ n
where Σx represents summation of each value = 162 + 153 + 317 + 413
= 1045
n = number of samples to be considered = 4
mean, m = 1045 ÷4
= 261.25
To calculate the standard deviation, use the formula below
SD = [tex]\sqrt{\frac{Σ(x-m)}{n} ^{2} }[/tex]
where x = each value from the week lead time
m = mean = 261.25
n = the size = 4
The Standard deviation formula can be simplified further
when x = 162
[tex]\sqrt{\frac{(x1-m)}{n} ^{2} }[/tex] = 49.625
when x = 153
[tex]\sqrt{\frac{(x2-m)}{n} ^{2} }[/tex] = 23.125
when x = 317
[tex]\sqrt{\frac{(x3-m)}{n} ^{2} }[/tex]= 27.875
when x = 413
[tex]\sqrt{\frac{(x4-m)}{n} ^{2} }[/tex]= 75.875
Note that the above 4 equations can be lumped up into one giant equation by applying a big square root function instead of breaking it down
SD = 49.625 + 23.125 + 27.875 + 75.875
SD = 176.5
In the game of Pick-A-Ball without replacement, there are 10 colored balls: 3 red, 4 white, and 3 blue. The balls have been placed into a small bucket, and the bucket has been shaken thoroughly. You will be asked to reach into the bucket without looking and select 2 balls. Because the bucket has been shaken thoroughly, you can assume that each individual ball is selected at random with equal likelihood of being chosen. Now, close your eyes! Reach into the bucket, and pick a ball. (Click "Pick-A-Ball!" to simulate reaching into the bucket and drawing your ball.) Pick-A-Ball! What is the probability of selecting the color of ball that you just selected? (Enter your answer in decimal format and round it to two decimal places.) Don’t put your first ball back into the bucket. Now, reach in (again, no peeking!), and pick your second ball. (Click "Pick-A-Ball!" to simulate reaching into the bucket and selecting your next ball.) Pick-A-Ball! What is the probability of selecting the color of ball that you just selected? (Enter your answer in decimal format and round it to two decimal places.)
Final answer:
The probability of selecting the color of the first ball is 3/10. The probability of selecting the same color for the second ball depends on the remaining number of balls of that color divided by the total remaining number of balls.
Explanation:
The probability of selecting the color of the first ball is determined by the number of balls of that color divided by the total number of balls. In this case, there are 3 red balls out of 10, so the probability is 3/10.
After selecting the first ball without replacement, the probability of selecting the same color for the second ball depends on the remaining number of balls of that color divided by the total remaining number of balls. If the first ball was red, there are 2 red balls left out of 9, resulting in a probability of 2/9.
The probability of selecting a ball of the same color as the first ball drawn, without replacement, is as follows:
For red:[tex]\boxed{0.22}[/tex]
For white:[tex]\boxed{0.33}[/tex]
For blue:[tex]\boxed{0.22}[/tex]
Let's think step by step.To solve this problem, we need to calculate the probability of selecting a ball of the same color as the first ball drawn, without replacement. We will consider the two events separately: first, the probability of selecting a ball of the same color as the first ball when there are 10 balls in total, and second, the probability of selecting a ball of the same color as the first ball when there are only 9 balls left in the bucket (since the first ball is not replaced).
First Ball Selection:
When the first ball is picked, there are 10 balls in total, with 3 red, 4 white, and 3 blue balls. The probability of picking a ball of any specific color is the number of balls of that color divided by the total number of balls.
For example, if the first ball drawn is red, the probability of drawing a red ball is:
[tex]\[ P(\text{first red}) = \frac{\text{Number of red balls}}{\text{Total number of balls}} = \frac{3}{10} \][/tex]
Similarly, if the first ball is white, the probability is:
[tex]\[ P(\text{first white}) = \frac{\text{Number of white balls}}{\text{Total number of balls}} = \frac{4}{10} \][/tex]
And if the first ball is blue, the probability is:
[tex]\[ P(\text{first blue}) = \frac{\text{Number of blue balls}}{\text{Total number of balls}} = \frac{3}{10} \][/tex]
Second Ball Selection:
After the first ball is drawn and not replaced, there are 9 balls left in the bucket.
If the first ball drawn was red, there are now 2 red balls left out of 9 total balls. The probability of drawing another red ball is:
[tex]\[ P(\text{second red} | \text{first red}) = \frac{\text{Number of red balls left}}{\text{Total number of balls left}} = \frac{2}{9} \][/tex]
If the first ball was white, there are now 3 white balls left out of 9 total balls. The probability of drawing another white ball is:
[tex]\[ P(\text{second white} | \text{first white}) = \frac{\text{Number of white balls left}}{\text{Total number of balls left}} = \frac{3}{9} = \frac{1}{3} \][/tex]
If the first ball was blue, there are now 2 blue balls left out of 9 total balls. The probability of drawing another blue ball is:
[tex]\[ P(\text{second blue} | \text{first blue}) = \frac{\text{Number of blue balls left}}{\text{Total number of balls left}} = \frac{2}{9} \][/tex]
Now, let's calculate the probabilities for each color and round them to two decimal places:
For red:
[tex]\[ P(\text{second red} | \text{first red}) = \frac{2}{9} \approx 0.22 \][/tex]
For white:
[tex]\[ P(\text{second white} | \text{first white}) = \frac{1}{3} \approx 0.33 \][/tex]
For blue:
[tex]\[ P(\text{second blue} | \text{first blue}) = \frac{2}{9} \approx 0.22 \][/tex]
Final
The probability of selecting a ball of the same color as the first ball drawn, without replacement, is as follows:
For red:[tex]\boxed{0.22}[/tex]
For white:[tex]\boxed{0.33}[/tex]
For blue:[tex]\boxed{0.22}[/tex]
These probabilities are rounded to two decimal places.
The answer is: 0.22.
consider a bank with two tellers. Three people, Anne, Betty and Carol enter the bank at almost the same time and in that order. Anne and Betty go directly into service while Carol waits or the first available teller. Suppose that the service times for two servers are exponentially distributed with mean three and six minutes (or they have rates of 20 and 10 per hour).
(a)What is the expected total amount of time for Carol to complete her businesses?
(b) What is the expected total time until the last of the three customers leaves?
(c) What is the probability for Anne, Betty, and Carol to be the last one to leave?
Final answer:
Explanation of expected total times for Carol and the last customer, along with the probability of being last.
Explanation:
(a) Expected total time for Carol to complete her businesses:
Carol will go to the first available teller, who has a service time of 3 minutes (or service rate of 20 per hour).
Hence, the expected total time for Carol to complete her businesses is 3 minutes.
(b) Expected total time until the last customer leaves:
Calculating the expected total time for each customer to complete their businesses gives Anne: 3 minutes, Betty: 6 minutes.
Therefore, the expected total time until the last customer leaves is 6 minutes.
(c) Probability of being the last to leave:
The last to leave will be the customer with the highest expected service time, which is Betty (6 minutes).
The probability for Anne, Betty, and Carol to be the last one to leave is: Anne 0, Betty 1, Carol 0.
(a) Expected total amount of time for Carol to complete her business: the expected total amount of time for Carol to complete her business is 2 minutes.
(b) Expected total time until the last of the three customers leaves:the expected total time until the last of the three customers leaves is 8 minutes.
c) Probability for Anne, Betty, and Carol to be the last one to leave:the probability for Anne, Betty, and Carol to be the last one to leave is [tex]\( \frac{1}{3} \)[/tex] for each of them.
Let's solve each part of the problem:
(a) Expected total amount of time for Carol to complete her business:
Since Carol waits for the first available teller, we need to consider the minimum of the service times of the two tellers. Let's denote:
- ( X ) as the service time for the first teller (with mean three minutes).
- ( Y ) as the service time for the second teller (with mean six minutes).
The minimum of two exponentially distributed random variables with means [tex]\( \mu_1 \) and \( \mu_2 \)[/tex] is also exponentially distributed with mean \( \frac{1}[tex]\( \frac{1}[/tex][tex]{\lambda_1 + \lambda_2} \), where \( \lambda_1 \) and \( \lambda_2 \)[/tex] are the rates.
Given:
- The rate for the first teller is [tex]\( \lambda_1 = \frac{1}{3} \)[/tex] per minute.
- The rate for the second teller is [tex]\( \lambda_2 = \frac{1}{6} \)[/tex] per minute.
So, the rate for the minimum service time for Carol is [tex]\( \lambda = \lambda_1 + \lambda_2 = \frac{1}{3} + \frac{1}{6} = \frac{1}{2} \)[/tex] per minute.
The expected total amount of time for Carol to complete her business is the reciprocal of the rate, which is [tex]\( \frac{1}{\lambda} = \frac{1}{\frac{1}{2}} = 2 \) minutes.[/tex]
Therefore, the expected total amount of time for Carol to complete her business is 2 minutes.
(b) Expected total time until the last of the three customers leaves:
The total time until the last customer leaves is the maximum of the service times of all three customers. Since Anne and Betty go directly into service, their service times are independent of each other and of Carol's service time.
Let's denote:
- ( Z ) as the service time for Carol (which we found to be 2 minutes).
- ( W ) as the maximum of the service times for Anne and Betty.
Since ( W ) is the maximum of two exponentially distributed random variables with the same rate, it follows that ( W ) is also exponentially distributed with the same rate.
So, the expected total time until the last of the three customers leaves is the sum of the expected service time for Carol and the expected maximum service time for Anne and Betty, which is [tex]\( 2 + 6 = 8 \)[/tex]minutes.
Therefore, the expected total time until the last of the three customers leaves is 8 minutes.
(c) Probability for Anne, Betty, and Carol to be the last one to leave:
Since Anne and Betty go directly into service, their service times are independent of each other and of Carol's service time. Therefore, each of them has an equal chance of being the last one to leave.
So, the probability for Anne, Betty, and Carol to be the last one to leave is [tex]\( \frac{1}{3} \)[/tex] for each of them.
Therefore, the probability for Anne, Betty, and Carol to be the last one to leave is [tex]\( \frac{1}{3} \)[/tex] for each of them.
You are staffing a new department, and you have applications on your desk. You will hire 2 of the 5 software engineers who have applied, and 3 of the 7 computer engineers who have applied. What is the total number of possible complete staffs you could hire
Answer:
The total number of possible complete staffs you could hire is 350.
Step-by-step explanation:
The order that the software engineers are is not important. For example, hiring John and Laura as the software engineers is the same as hiring Laura and John. The same applies for the computer engineers. So we use the combinations formula to solve this question.
Combinations formula:
[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.
[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]
What is the total number of possible complete staffs you could hire?
2 software engineers from a set of 5
3 computer engineers from a set of 7
So
[tex]T = C_{5,2}*C_{7,3} = \frac{5!}{2!3!}*\frac{7!}{3!4!} = 10*35 = 350[/tex]
The total number of possible complete staffs you could hire is 350.
Lightbulbs of a certain type are advertised as having an average lifetime of 750 hours. The price of these bulbs is very favorable, so a potential customer has decided to go ahead with a purchase arrangement unless it can be conclusively demonstrated that the true average lifetime is smaller than what is advertised. A random sample of 50 bulbs was selected, the lifetime of each bulb determined, and the following information obtained:
Average lifetime = 738.44 hours and a standard deviation of lifetimes equal to 38.2 hours.
Should the customer purchase the light bulbs?
(a) Make the decision on a significance level of .05?
(b) Make the decision on a significance level of .01?
Answer:
(a) Customer will not purchase the light bulbs at significance level of 0.05
(b) Customer will purchase the light bulbs at significance level of 0.01 .
Step-by-step explanation:
We are given that Light bulbs of a certain type are advertised as having an average lifetime of 750 hours. A random sample of 50 bulbs was selected, and the following information obtained:
Average lifetime = 738.44 hours and a standard deviation of lifetimes = 38.2 hours.
Let Null hypothesis, [tex]H_0[/tex] : [tex]\mu[/tex] = 750 {means that the true average lifetime is same as what is advertised}
Alternate Hypothesis, [tex]H_1[/tex] : [tex]\mu[/tex] < 750 {means that the true average lifetime is smaller than what is advertised}
Now, the test statistics is given by;
T.S. = [tex]\frac{Xbar-\mu}{\frac{s}{\sqrt{n} } }[/tex] ~ [tex]t_n_-_1[/tex]
where, X bar = sample mean = 738.44 hours
s = sample standard deviation = 38.2 hours
n = sample size = 50
So, test statistics = [tex]\frac{738.44-750}{\frac{38.2}{\sqrt{50} } }[/tex] ~ [tex]t_4_9[/tex]
= -2.14
(a) Now, at 5% significance level, t table gives critical value of -1.6768 at 49 degree of freedom. Since our test statistics is less than the critical value of t, so which means our test statistics will lie in the rejection region and we have sufficient evidence to reject null hypothesis.
Therefore, we conclude that the true average lifetime is smaller than what is advertised and so consumer will not purchase the light bulbs.
(b) Now, at 1% significance level, t table gives critical value of -2.405 at 49 degree of freedom. Since our test statistics is higher than the critical value of t, so which means our test statistics will not lie in the rejection region and we have insufficient evidence to reject null hypothesis.
Therefore, we conclude that the true average lifetime is same as what it has been advertised and so consumer will purchase the light bulbs.
An aerospace company has submitted bids on two separate federal government defense contracts. The company president believes that there is a 40% probability of winning the first contract. If they win the first contract, the probability of winning the second is 65%. However, if they lose the first contract, the president thinks that the probability of winning the second contract decreases to 49%.
What is the probability that they win both contracts?
Answer:
26% probability that they win both contracts.
Step-by-step explanation:
These following probabilities are important to solve this question:
0.4 = 40% probability of winning the first contract.
0.65 = 65% probability of winning the second contract if the first contract is won.
What is the probability that they win both contracts?
[tex]P = 0.4*0.65 = 0.26[/tex]
26% probability that they win both contracts.
Two processes are used to produce forgings used in an aircraft wing assembly. Of 200 forgings selected from process 1, 10 do not conform to the strength specifications, whereas of 300 forgings selected from process 2, 20 are nonconforming. a) Esetimate the fraction nonconforming for each process. b) Test the hypothesis that the two process have identical fractions nonconforming. Use alpha =0.05. c) Construct a 90% confidence interval on the difference in fraction nonconforming between the two processes.
Answer:
a.
[tex]\bar p_1=0.05\\\bar p_2=0.067[/tex]
b-Check illustration below
c.(-0.0517,0.0177
Step-by-step explanation:
a.let [tex]p_1 \& p_2[/tex] denote processes 1 & 2.
For [tex]p_1[/tex]: T1=10,n1=200
For [tex]p_2[/tex]:T2=20,n2=300
Therefore
[tex]\bar p_1=\frac{t_1}{N_1}=\frac{10}{200}=0.05\\\bar p_2=\frac{t_2}{N_2}=\frac{20}{300}=0.067[/tex]
b. To test for hypothesis:-
i.
[tex]H_0:p_1=p_2\\H_A=p_1\neq p_2\\\alpha=0.05[/tex]
ii.For a two sample Proportion test
[tex]Z=\frac{\bar p_1-\bar p_2}{\sqrt(\bar p(1-\bar p)(\frac{1}{n_1}+\frac{1}{n_2})}\\[/tex]
iii. for [tex]\frac{\alpha}{2}=(-1.96,+1.96)[/tex] (0.5 alpha IS 0.025),
reject [tex]H_o[/tex] if[tex]|Z|>1.96[/tex]
iv. Do not reject [tex]H_o[/tex]. The noncomforting proportions are not significantly different as calculated below:
[tex]z=\frac{0.050-0.067}{\sqrt {(0.06\times0.94)\times \frac{1}{500}}}[/tex]
z=-0.78
c.[tex](1-\alpha).100\%[/tex] for the p1-p2 is given as:
[tex](\bar p_1-\bar p_2)\pm Z_0_._5_\alpha \times \sqrt \frac{ \bar p_1(1-\bar p_1)}{n_1}+\frac{\bar p_2(1-\bar p_2)}{n_2}\\\\=(0.05-0.067)\pm 1.645 \times \sqrt \ \frac{0.05+0.95}{200}+\frac{0.067+0.933}{300}\\[/tex]
=(-0.0517,+0.0177)
*CI contains o, which implies that proportions are NOT significantly different.
What value of z divides the standard normal distribution so that half the area is on one side and half is on the other? Round your answer to two decimal places.
Answer:
Let X the random variable that represent the variable of interest of a population, and for this case we know the distribution for X is given by:
[tex]X \sim N(\mu,\sigma)[/tex]
Where [tex]\mu[/tex] the mean and [tex]\sigma[/tex] the deviation
We know that the z score is given by:
[tex] z = \frac{X -\mu}{\sigma}[/tex]
And by properties the value that separate the half area on one side and half is on the other is z=0, since we have this:
[tex] P(Z<0) =0.5[/tex]
[tex] P(Z>0)=0.5[/tex]
So then the correct answer for this case would be z =0.00
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the variable of interest of a population, and for this case we know the distribution for X is given by:
[tex]X \sim N(\mu,\sigma)[/tex]
Where [tex]\mu[/tex] the mean and [tex]\sigma[/tex] the deviation
We know that the z score is given by:
[tex] z = \frac{X -\mu}{\sigma}[/tex]
And by properties the value that separate the half area on one side and half is on the other is z=0, since we have this:
[tex] P(Z<0) =0.5[/tex]
[tex] P(Z>0)=0.5[/tex]
So then the correct answer for this case would be z =0.00
The z-score that divides the standard normal distribution into two equal halves is 0.00 as the mean of this distribution is also 0. Z-scores are standardized values expressing how many standard deviations a value is above or below the mean and can be determined using a Z-Table of Standard Normal Distribution.
Explanation:The value of z that divides the standard normal distribution so that half the area is on one side and half is on the other is 0.00. The standard normal distribution is a symmetrical distribution where half of the values are less than the mean and half of the values are greater than the mean. In a standard normal distribution, the mean is 0. Hence, the z-score that will divide the distribution into half is also 0.
A z-score is a standardized value, expressing how many standard deviations a value is above or below the mean. These scores are particularly useful when comparing values from different data sets that have different means and standard deviations, such as exam scores from different classes or schools. They help us understand whether a particular score is common, or exceptionally high or low.
To find this value, you can use a Z-Table of Standard Normal Distribution, which shows the cumulative probability of a random variable from a standard normal distribution (with mean 0 and standard deviation 1), as being less than a certain value.
Learn more about Standard Normal Distribution here:https://brainly.com/question/30390016
#SPJ12
A building inspector believes that the percentage of new construction with serious code violations may be even greater than the previously claimed 7%. She conducts a hypothesis test on 200 new homes and finds 23 with serious code violations. Is this strong evidence against the .07 claim?
Answer:
The inspector's claim has strong statistical evidence.
Step-by-step explanation:
To answer this we have to perform a hypothesis test.
The inspector claimed that the actual proportion of code violations is greater than 0.07, so the null and alternative hypothesis are:
[tex]H_0: \pi\leq0.07\\\\H_a: \pi>0.07[/tex]
We assume a significance level of 0.05.
The sample size is 200 and the proportion of the sample is:
[tex]p=\frac{23}{200}= 0.115[/tex]
The standard deviation is
[tex]\sigma=\sqrt{\frac{\pi(1-\pi)}{N} }= \sqrt{\frac{0.07*0.93}{200}}=0.018[/tex]
The z-value can be calculated as
[tex]z=\frac{p-\pi-0.5/N}{\sigma} =\frac{0.115-0.07-0.5/200}{0.018} =\frac{0.0425}{0.018}=2.36[/tex]
The P-value for this z-value is P=0.00914.
This P-value is smaller than the significance level, so the effect is significant and the null hypothesis is rejected.
The inspector's claim has strong statistical evidence.
Answer:
Yes, because the p-value is 0.0062
Step-by-step explanation:
I looked it up on like 5 other websites and they all said this was the answer. I'm way too lazy to do it on my own.
which of the following statistical techniques can the psychologist use to determine the developmental score of a typical 4 year old child despite the fact that no 4 year old children participated in the study
A psychologist can use normative data, sequential design, or parent-report questionnaires to estimate the developmental score of a typical 4-year-old child without direct participation from children of that specific age.
Explanation:To determine the developmental score of a typical 4-year-old child without having 4-year-old children participate in the study, a psychologist may use several statistical techniques grounded in developmental science. One method is to use normative data, which refers to average developmental milestones established through extensive research on children at various ages. By comparing existing data on children older and younger than 4 years, the psychologist can interpolate or approximate the developmental score for the typical 4-year-old based on these norms.
Another approach involves a sequential design, where overlapping cohorts of different age groups are studied over time. This method can help infer the developmental score of 4-year-olds by comparing changes in development across the different cohorts that are adjacent in age. Additionally, parent-report questionnaires can be used to gather data from parents or guardians about typical developmental milestones, which can then be statistically analyzed to estimate the developmental score of children in the age group of interest.
A very large study showed that aspirin reduced the rate of first heart attacks by 44%. A pharmaceutical company thinks they have a drug that will be more effective than aspirin, and plans to do a randomized clinical trial to test the new drug.
a) What is the null hypothesis the company will use?
b) What is their alternative hypothesis?
Answer:
(a) Null hypothesis: The new drug reduces the rate of first heart attacks by a percentage same as aspirin.
(b) Alternate hypothesis: The new drug reduces the rate of first heart attacks by a percentage greater than aspirin.
Step-by-step explanation:
(a) A null hypothesis is a statement from the population parameter which is either rejected or accepted (fail to reject) upon testing. It is expressed using the equality sign.
(b) An alternate hypothesis is also a statement from the population parameter which negates the null hypothesis and is accepted if the null hypothesis is rejected. It is expressed using any of the inequality signs.
Previous research suggests that there is a relationship between income and self-esteem. You want to test this relationship in a sample of social workers. You follow the required steps in the hypothesis testing process and write the following: ""There is no relationship between income and self-esteem among social workers."" Which type of hypothesis is this?
Answer:
Research hypothesis
Step-by-step explanation:
A specific, clear, and testable proposition or predictive statement about the possible outcome of a scientific research study based on a particular property of a population, such as presumed differences between groups on a particular variable or relationships between variables is known as a research hypothesis .
One of the most important steps in planning a scientific quantitative research study is specifying the research hypotheses. A prior expectation about the results of the study in one or more research hypotheses is usually being stated by a quantitative researcher before conducting the study, because the design of the research study and the planned research design is often determined by the stated hypotheses.
In the question, it is clearly seen that a prior expectation about the results of the study on the relationship between income and self-esteem was already suggested, before been tested. Thus, it is a research hypothesis
n a major league baseball game, the average is 1.0 broken bat per game. (a) Find the probability of no broken bats in a game. (Round your answer to 4 decimal places.) Probability (b) Find the probability of at least 2 broken bats in a game. (Round your answer to 4 decimal places.) Probability
Answer:
a) Probability of no broken bats in a game P(X=0) = 0.3678
b) Probability of at-least broken bats in a game P(X≥2) = 0.2644
Step-by-step explanation:
we will use Poisson distribution
P(X=x) = e^(-λ) λ^ r/r!
a) Probability of no broken bats in a game P(X=0) = e^-1
= 0.3678
b) Probability of at-least two broken bats in a game
P(X≥2) = 1-([p(x=0)+P(x=1)]
= 1- (e^(-1)+e^(-1))
= 1-(0.3678+0.3678)
P(X≥2)= 1- 0.7356
P(X≥2)= 0.2644
The weight of a product is measured in pounds. A sample of 50 units is taken from a recent production. The sample yielded ¯y= 75 lb, and we know that LaTeX: \sigmaσ2= 100 lb. Calculate a 90 percent confidence interval for LaTeX: \text{μ}
Answer:
90 percent confidence interval = [72.674 ,77.326]
Step-by-step explanation:
We are given that weight of a product is measured in pounds.
A random sample of 50 units is taken from a recent production. The sample yielded y bar = 75 lb, and we know that [tex]\sigma^{2}[/tex] = 100 lb.
The Pivotal quantity for 9% confidence interval is given by;
[tex]\frac{Ybar - \mu}{\frac{\sigma}{\sqrt{n} } }[/tex] ~ N(0,1)
where, Y bar = sample mean = 75
[tex]\sigma[/tex] = population standard deviation = 10
n = sample size = 50
So, 90% confidence interval for population mean, is given by;
P(-1.6449 < N(0,1) < 1.6449) = 0.90
P(-1.6449 < [tex]\frac{Ybar - \mu}{\frac{\sigma}{\sqrt{n} } }[/tex] < 1.6449) = 0.90
P(-1.6449 * [tex]{\frac{\sigma}{\sqrt{n} }[/tex] < [tex]{Ybar - \mu}[/tex] < 1.6449 * [tex]{\frac{\sigma}{\sqrt{n} }[/tex] ) = 0.90
P(Y bar - 1.6449 * [tex]{\frac{\sigma}{\sqrt{n} }[/tex] < [tex]\mu[/tex] < Y bar + 1.6449 * [tex]{\frac{\sigma}{\sqrt{n} } }[/tex] ) = 0.90
90% confidence interval for [tex]\mu[/tex] = [ Y bar - 1.6449 * [tex]{\frac{\sigma}{\sqrt{n} }[/tex] , Y bar + 1.6449 * [tex]{\frac{\sigma}{\sqrt{n} }[/tex] ]
= [ 75 - 1.6449 * [tex]{\frac{10}{\sqrt{50} }[/tex] , 75 + 1.6449 * [tex]{\frac{10}{\sqrt{50} }[/tex] ]
= [ 72.674 , 77.326 ]
Therefore, 90% confidence interval for population mean is [72.674 ,77.326] .
A coding supervisor must determine the number of FTEs needed to code 600 discharges per week. If it takes an average of 20 minutes to code each record and each coding professional works 7.5 productive hours per day, how many FTEs will the coding supervisor need
Answer:
6 Full Time Employees
Step-by-step explanation:
It takes 20 minutes to code each record.
Therefore, in 1 hour, number of records per coder = 60/20 = 3 records
Since each coding professional works 7.5 productive hours per day.
Number of Records Per Day for each coder
=(3X7.5) = 22.5 records
Assume a 5-Week Day
Number of Records that must be treated = 600/5 = 120 records a day
Number of FTE Employees needed
= 120 / 22.5 = 5.33
The employer will require at least 6 FTE since Number of Employees is a discrete data.
Final answer:
The coding supervisor will need approximately 5.33 FTEs to code 600 discharges per week, considering the given average time to code each record and daily productive hours. Since a fraction of an FTE isn't practical, the supervisor will need to employ 6 full-time coding professionals.
Explanation:
To determine the number of Full-Time Equivalents (FTEs) needed to code 600 discharges per week, we first need to calculate the total time required to code all records and then divide that time by the productive hours each coding professional works per day.
First, calculate the total weekly coding time: 600 discharges × 20 minutes per discharge = 12,000 minutes per week.
Then convert the total weekly coding time to hours: 12,000 minutes / 60 = 200 hours per week needed for coding.
Considering each coding professional works 7.5 productive hours per day, let's find out the daily capacity for one FTE: 7.5 hours per day × 5 days per week = 37.5 hours per week.
Now, divide the total weekly hours needed by the weekly capacity of one FTE: 200 hours per week / 37.5 hours per FTE per week = approximately 5.33 FTEs.
Therefore, the coding supervisor will need to employ roughly 5.33 FTEs to code 600 discharges per week, given the average coding time and productive hours per day. Since you can't have a fraction of an FTE in reality, the supervisor would need to round up to employ 6 full-time coding professionals.
A study of 420,026 cell phone users found that 136 of them developed cancer of the brain or nervous system. Prior to their study of cell phone use, the rate of such cancer was found to be 0.0251 % for those not using cell phones. Complete parts a and b. a. Use the sample data to construct a 90% confidence interval estimate of the percentage of cell phone users who develop cancer of the brain or nervous system. (Round to three decimal places as needed). b. Do cell phone users appear to have a rate of cancer of the brain or nervous system that is different from the rate of such cancer among those not using cell phones? Why or why not?
Answer:
a) The 90% confidence interval is:
[tex]0.0003237 \leq \pi \leq 0.0003239[/tex]
b) Yes. Because the proportion of cancer rate for the cell phone users population is bigger than 0.00324%, which is over the rate of non-cell phone users (0.0251%).
Step-by-step explanation:
a) We will construct the 90% confidence interval based on the information given by the sample taken in this study.
The sample proportion is:
[tex]p=\frac{X}{n}=\frac{136}{420,026} =0.000324[/tex]
The standard deviation is estimated as:
[tex]\sigma=\sqrt{\frac{p(1-p)}{n}}= \sqrt{\frac{0.000324*0.999676}{420,026}}=\sqrt{7.7\cdot 10^{-10}} = 0.000028[/tex]
As the sample size is big enough, we use the z-score. For a 90% CI, the value of z is z=1.645.
The margin of error of the CI is:
[tex]E=z\sigma/\sqrt{n}=1.645* 0.000028 /\sqrt{420,026}\\\\E= 0.000046 /648= 0.00000007[/tex]
The 90% CI is:
[tex]p-z\sigma/\sqrt{n}\leq \pi\leq p+z\sigma/\sqrt{n}\\\\0.000324- 0.00000007 \leq\pi\leq 0.000324+ 0.00000007\\\\ 0.0003237 \leq \pi \leq 0.0003239[/tex]
Final Answer:
a. The 90% confidence interval estimate of the percentage of cell phone users who develop cancer of the brain or nervous system, rounded to three decimal places, is approximately: [0.028%, 0.037%]
b. The known rate for those not using cell phones is 0.0251%.
Explanation:
a. To construct a 90% confidence interval estimate of the percentage of cell phone users who develop cancer of the brain or nervous system, we need to know the number of successes (in this case, the number of people who developed cancer), the total number of trials (the total number of cell phone users), and use the z-score that corresponds to the desired confidence level (90%).
Given:
Number of cell phone users (n) = 420,026
Number of cell phone users who developed cancer (x) = 136
Confidence level (CL) = 90%
First, we calculate the sample proportion (p):
p = x / n = 136 / 420,026 ≈ 0.000324
For a 90% confidence interval, the z-score associated with the two-tailed confidence level is approximately 1.645 (you would find this value in a z-score table or by using statistical software).
Next, we calculate the standard error (SE) for the proportion:
SE = sqrt((p(1 - p)) / n)
SE = sqrt((0.000324(1 - 0.000324)) / 420,026)
SE ≈ sqrt((0.000324 * 0.999676) / 420,026)
SE ≈ sqrt(0.00000032443 / 420,026)
SE ≈ sqrt(7.72476e-10)
SE ≈ 2.779e-5
Now, we calculate the margin of error (ME):
ME = z * SE
ME = 1.645 * 2.779e-5
ME ≈ 4.570635e-5
Finally, we construct the confidence interval:
Lower bound (LB) = p - ME
LB ≈ 0.000324 - 4.570635e-5
LB ≈ 0.000278
Upper bound (UB) = p + ME
UB ≈ 0.000324 + 4.570635e-5
UB ≈ 0.000370
So the 90% confidence interval estimate of the percentage of cell phone users who develop cancer of the brain or nervous system, rounded to three decimal places, is approximately:
[0.028%, 0.037%]
b. To determine if cell phone users appear to have a rate of cancer that is different from the rate among those not using cell phones, we compare the confidence interval we just calculated with the known rate for non-cell phone users.
The known rate for those not using cell phones is 0.0251%.
Since the entire 90% confidence interval of [0.028%, 0.037%] for cell phone users is above 0.0251%, this suggests that the rate of cancer among cell phone users might be higher than the rate among non-users. However, this does not provide enough evidence to definitively conclude that cell phone use causes a higher rate of cancer since other factors might be at play and causation cannot be determined from this data alone. It is also important to note that the confidence interval is statistically very close to the known rate for non-users, so the difference might not be practically significant. Additionally, further research with more rigorous control conditions would be necessary to establish a cause-and-effect relationship.
Pls help me ASAP!!!!!!!
Answer:
The standard deviation is 5.83 kg
Step-by-step explanation:
Variance and Standard Deviation
Given a data set of random values, the variance is defined as the average of the squared differences from the mean. We use this formula to calculate the variance:
[tex]\displaystyle \sigma^2=\frac{\sum(x_i-\mu)^2}{n}[/tex]
Where [tex]\mu[/tex] is the mean of the values xi (i=1 to n), n the total number of values.
The standard deviation is known by the symbol [tex]\sigma[/tex] and is the square root of the variance.
We are given the value of the variance:
[tex]\sigma^2=34\ kg^2[/tex]
We now compute the standard deviation
[tex]\sigma=\sqrt{34\ kg^2}=5.83\ kg[/tex]
The standard deviation is 5.83 kg
A waitress believes the distribution of her tips has a model that is slightly skewed to the left, with a mean of $9.40 and a standard deviation of $6.10. She usually waits on about 60 parties over a weekend of work.
a) Estimate the probability that she will earn at least $600
P(tips from 60 parties > $600)
b) How much does she earn on the best 5% of such weekends?
The total amount that she earns on the best 5% of such weekends is at least $__
Answer:
a. P(tips from 60 parties > $600)=0.461
b. The total amount that she earns on the best 5% of such weekends is at least $19.43.
Step-by-step explanation:
a. To earn $600 in 60 parties means $10 per party in average.
If we assume a normal distribution of tips, we can calculate the z-value and its probability for this situation:
[tex]z=\frac{x-\mu}{\sigma}=\frac{10.00-9.40}{6.10}=\frac{0.60}{6.10}= 0.098\\\\P(x>10)=P(z>0.098)=0.461[/tex]
There is a probability of 46% that she earns at least $600 over a weekend of work.
b. The best 5% of the weekends corresponds to:
[tex]P(x>x_1)=0.05[/tex]
This probability (5%) corresponds to a z-value of z=1.6449.
In tips, this value represents:
[tex]x=\mu+z*\sigma=9.40+1.6449*6.10=9.40+10.03=19.43[/tex]
The total amount that she earns on the best 5% of such weekends is at least $19.43.
If the Durbin-Watson statistic has a value close to 0, which assumption is violated? In other words, which assumption is the Durbin-Watson statistic checking to see is violated?
a - Independence of errors
b- Normality of errors
c- Homoscedasticity
d- none of the above
Answer:
Null Hypothesis: No first order autocorrelation
Alternative hypothesis: first order correlation exists
The assumptions to run this test are:
1) Errors are normally distributed with mean 0
2) Errors follows an stationary process
3) Independence condition between the erros
The statistic is defined as:
[tex] DW = \frac{\sum_{t=2}^ T (e_t -e_{t-1})^2}{\sum_{t=1}^T e^2_t}[/tex]
And if the value for the DW is near to 0 we can conclude that the assumption of Independence is not satisfied.
Step-by-step explanation:
The Durbin Watson test is a way to check autocorrelation in residuals for a time seeries or a regression.
We need to remember that the autocorrelation is the similarity of the time series in successive intervals. When we conduct this type of test we are checking if the time series can be modeled with and AR(1) process autoregressive.
The system of hypothesis on this case are:
Null Hypothesis: No first order autocorrelation
Alternative hypothesis: First order correlation exists
The assumptions to run this test are:
1) Errors are normally distributed with mean 0
2) Errors follows an stationary process
3) Independence condition between the errors
The statistic is defined as:
[tex] DW = \frac{\sum_{t=2}^ T (e_t -e_{t-1})^2}{\sum_{t=1}^T e^2_t}[/tex]
And if the value for the DW is near to 0 we can conclude that the assumption of Independence is not satisfied.
) Let y(1) = y0, y 0 (1) = v0. Solve the initial value problem. What is the longest interval on which the initial value problem is certain to have a unique twice differentiable solution?
QUESTION IS INCOMPLETE.
Nevertheless, I will explain how to find, without solving, the longest interval in which an initial value problem is certain to have a unique twice differentiable solution.
Step-by-step explanation:
Consider the Existence and uniqueness theorem:
Let p(t) , q(t) and r(t) be continuous on an interval a ≤ t ≤ b, then the differential equation given by:
y''+ p(t) y' +q(t) y = r(t) ;
y(t_0) = y_0, y'(t_0) = y'_0
has a unique solution defined for all t in the stated interval.
Example:
Consider the differential equation
ty'' + 9y = t
y(1) = y_0,
y'(1) = v_0
ty'' + 9y = t .................................(1)
First, write the differential equation (1) in the form:
y'' + p(t)y' + q(t)y = r(t) ..................(2)
by dividing (1) by t
So
y''+ (9/t)y = 1 ....................................(3)
Comparing (3) with (2)
p(t) = 0
q(t) = 9/t
r(t) = 1
For t = 0, p(t) and r(t) are continuous, but q(t) is undefined.
q(t) is continuous everywhere apart from the point t = 0.
We say (-∞, 0) and (0,∞) are the points where p(t), q(t) and r(t) are continuous.
But t = 1, which is contained in the initial conditions y(1) = y_0 and y'(1) = v_0 is found in (0,∞).
So, we conclude that this interval is the longest interval in which the initial value problem has a unique twice differentiable solution.
An oceanic island has 15 species of birds on it. Nearby, a new island is formed by volcanic activity. Since this new island is somewhat smaller than the original island, biogeography theory that it can support 8 species of birds. If the colonizing birds must migrate from the oceanic island to the newly formed island, how many different communities of 8 species could be formed on the new island
Answer:
6435 different communities.
Step-by-step explanation:
This is a combination problem,
We need to know how many ways 8 species out of 15 can be selected for the new small island
15C8 = 15!/(15-8)!(8!) = 15!/(8!)(7!) = 6435 different communities.
Normal (or average) body temperature of humans is often thought to be 98.6° F. Is that number really the average? To test this, we will use a data set obtained from 65 healthy female volunteers aged 18 to 40 that were participating in vaccine trials. We will assume this sample is representative of a population of all healthy females.
A. The mean body temperature for the 65 females in our sample is 98.39° F and the standard deviation is 0.743° F. The data are not strongly skewed. Use the Theory-Based Inference applet to find a 95% confidence interval for the population mean body temperature for healthy female
B. Based on your confidence interval, is 98.6° F a plausi- ble value for the population average body temperature or is the average significantly more or less than 98.6° F? Explain how you are determining this.
C. In the context of this study, was it valid to use the theory-based (t-distribution) approach to find a confi- dence interval? Explain your reasoning.
Answer:
(a) 95% confidence interval for the population mean body temperature for healthy female is between a lower limit of 98.21 °F and an upper limit of 98.57 °F.
(b) The average is less than 98.6 °F
(c) Yes
Step-by-step explanation:
(a) Confidence interval = mean + or - Margin of Error (E)
mean = 98.39 °F
sd = 0.743 °F
n = 65
degree of freedom = n - 1 = 65 - 1 = 64
confidence level = 95%
t- value corresponding to 64 degrees of freedom and 95% confidence level is 1.9976.
E = t×sd/√n = 1.9976×0.743/√65 = 0.18 °F
Lower limit = mean - E = 98.39 - 0.18 = 98.21 °F
Upper limit = mean + E = 98.39 + 0.18 = 98.57 °F
95% confidence interval is between 98.21 °F and 98.57 °F.
(b) The average is less than 98.6 °F. The lower limit 98.21 °F and the upper limit 98.57 °F are both less than 98.6 °F
(c) It was valid to use the t-distribution approach to find the confidence Interval beci it gives a range of values for the population mean body temperature for healthy female.
What is the inverse of -8+3i
Answer:
-8 - 3i
Step-by-step explanation:
To find the Complex Conjugate , Negate the term with i
Hopefully this helps.
If you deposit money today in an account that pays 5.5% annual interest, how long will it take to double your money? Round your answer to two decimal places.
Final answer:
To calculate how long it will take to double an investment with a 5.5% annual interest rate, you can use the Rule of 72, which gives you approximately 13.09 years for doubling the investment.
Explanation:
To determine how long it will take to double your money with an annual interest rate of 5.5%, you can use the Rule of 72. The Rule of 72 is a simple formula to estimate the number of years required to double the invested money at a given annual fixed interest rate. You divide 72 by the annual interest rate.
In this situation, divide 72 by 5.5 to find out how many years it will take to double the investment:
72 / 5.5 = 13.09 years
Thus, it will take approximately 13.09 years to double your money at an annual interest rate of 5.5%, when the interest is compounded annually. This is a rough approximation and the actual number might vary slightly depending on the compounding method used by the account.
Positive Test Result Negative Test Result
Hepatitis C 335 10
No Hepatitis C 2 1153
Based on the results of this study, how many false negatives should you expect out of 1000 tests
Answer:
In a sample of 1000 test the expected number of false negatives is 8.6.
Step-by-step explanation:
The table provided is:
Positive Negative TOTAL
Hepatitis C 335 10 345
No Hepatitis C 2 1153 1155
TOTAL 337 1163 1500
A false negative test result implies that, the person's test result for Hepatitis C was negative but actually he/she had Hepatitis C.
Compute the probability of false negative as follows:
[tex]P(Negative|No\ Hepapatits\ C)=\frac{n(Negative\cap No\ Hepapatits\ C)}{n(No\ Hepapatits\ C)} \\=\frac{10}{1163}\\ =0.0086[/tex]
Compute the expected number of false negatives in a sample is n = 1000 tests as follows:
E (False negative) = n × P (Negative|No Hepatitis C)
[tex]=1000\times0.0086\\=8.6[/tex]
Thus, in a sample of 1000 test the expected number of false negatives is 8.6.
A family is selected at random from the city. Find the probability that the size of the family is between 2 and 5 inclusive. Round approximations to three decimal places.
Final answer:
To find the probability that the size of the family is between 2 and 5 inclusive, calculate the proportion of the given sample that falls within that range. In this case, the probability is approximately 0.792.
Explanation:
To find the probability that the size of the family is between 2 and 5 inclusive, we need to calculate the proportion of the given sample that falls within that range. In the provided sample of college math class, the family sizes are:
545443643355633274522232We can see that there are 19 family sizes falling between 2 and 5, inclusive. Therefore, the probability is:
Probability = Number of favorable outcomes / Total number of outcomes
Probability = 19 / 24 = 0.792
So, the probability that the size of the family is between 2 and 5 inclusive is approximately 0.792.
Let -? and ? denote two distinct objects, neither of which is in R. Define an addition and scalar multiplication on R U {?} U {-?} as you could guess from the notation. Specifically, the sum and product of two real numbers is as usual, and for t ? R define
t? = { -? if t<0 , 0 if t=0, ? if t>0
t(-?) = { ? if t<0, 0 if t=0, -? if t>0
t+? = ?+t=?, t+(-?)=(-?)+t=-?, ?+?=?, (-?)+(-?)=-?, ?+(-?)=0
IsR U {?} U {-?} a vector space over R? Please Explain.
Answer and Step-by-step explanation:
Obviously addition is closed for R including both infinities
As t+infty = infty +t = infty and t+(-infty) =(-infty)+t =(-infty)
and inverse are -infty for infty and infty for -infty
Hence a group under addition
------------------------------------------------------------
But regarding multiplication
we can say 1/infty = 2/infty =0
Hence infinity*0 is not unique.
Also infinity and -infty do not have multiplicative inverse as there is no t such that t*infty = 1
Hence cannot be a vector space.
The probability is 0.4 that a traffic fatality involves an intoxicated or alcohol-impaired driver or nonoccupant. In 7 traffic fatalities, find the probability that the number, Y, which involve an intoxicated or alcohol-impaired driver or nonoccupant is
a. exactly three; at least three; at most three.
b. between two and four, inclusive.
c. Find and interpret the mean of the random variable Y.
d. Obtain the standard deviation of Y.
Answer:
a.
[tex]P(X=3)=0.2903\\\\P(X \geq 3)=0.5801\\\\P(X\leq 3)0.7102[/tex]
b.
[tex]P(2\leq x\leq 4 )=0.7451[/tex]
c. mean=2.8
d . standard deviation=1.2961
Step-by-step explanation:
We determine that the accident rates follow a binomial distribution. The rate of success p=0.4 and sample n=7:
[tex]P(x)={n\choose x}p^x(1-p)^{n-x}[/tex]
#the probability of exactly three;
[tex]P(x)={n\choose x}p^x(1-p)^{n-x}\\\\P(X=3)={7\choose 3}0.4^3(0.6)^{4}\\\\=0.2903[/tex]
#At least(more than 2)
[tex]P(x)={n\choose x}p^x(1-p)^{n-x}\\\\P(X\geq 3)=1-P(X\leq 2)\\\\=1-{7\choose 0}0.4^0(0.6)^{7}-{7\choose 1}0.4^1(0.6)^{6}-{7\choose 2}0.4^2(0.6)^{5}\\\\=1-0.0280-0.1306-0.2613\\\\=0.5801[/tex]
#At most 3;
[tex]P(x)={n\choose x}p^x(1-p)^{n-x}\\\\P(X \leq 3)={7\choose 0}0.4^0(0.6)^{7}+{7\choose 1}0.4^1(0.6)^{6}+{7\choose 2}0.4^2(0.6)^{5}+{7\choose 3}0.4^3(0.6)^{4}\\\\\\\=0.0280+0.1306+0.2613+0.2903\\\\=0.7102[/tex]
b. Between 2 and 4:
Using the binomial expression, this probability is calculated as:
[tex]P(x)={n\choose x}p^x(1-p)^{n-x}\\\\P(2\leq x\leq 4 )={7\choose 2}0.4^2(0.6)^{5}+{7\choose 3}0.4^3(0.6)^{4}+{7\choose 4}0.4^4(0.6)^{3}\\\\\\\\\=0.2613+0.2903+0.1935\\\\=0.7451[/tex]
Hence,the probability of between 2 and four is 0.7451
c. From a above, we have the values of n=7 and p=0.4.
-We substitute this values in the formula below to calculate the mean:
-The mean of a binomial distribution is calculated as the product of the probability of success by the sample size, mean=np:
[tex]\mu=np, n=7, p=0.4\\\\\mu=7\times 0.4\\\\=2.8[/tex]
Hence, the standard deviation of the sample is 2.8
d. From a above, we have the values of n=7 and p=0.4
--We substitute this values in the formula below to calculate the standard deviation
-The standard deviation a binomial distribution is given as:
[tex]\sigma={\sqrt {np(1-p)}\\\\=\sqrt{7\times 0.4\times 0.6}\\\\=1.2961[/tex]
Hence, the standard deviation of the sample is 1.2961
We can calculate the probabilities of having exactly 3 fatalities, at least 3 fatalities, and at most 3 fatalities using the formula. The mean and standard deviation of the random variable Y can be calculated using specific formulas for a binomial distribution.
Explanation:To solve this problem, we will use the binomial probability formula. The probability of exactly 3 traffic fatalities involving an intoxicated or alcohol-impaired driver or nonoccupant can be calculated by plugging in the values of n (total number of trials) and p (probability of success in a single trial) into the formula. The probability of at least 3, or more than 3 traffic fatalities involving an intoxicated or alcohol-impaired driver or nonoccupant can be calculated by summing the probabilities of 3, 4, 5, 6, and 7 fatalities. The probability of at most 3 traffic fatalities involving an intoxicated or alcohol-impaired driver or nonoccupant can be calculated by summing the probabilities of 0, 1, 2, and 3 fatalities. The mean of the random variable Y can be calculated by multiplying the number of trials (7) by the probability of success (0.4). The standard deviation of Y can be calculated using the formula for the standard deviation of a binomial distribution.
Learn more about binomial probability here:https://brainly.com/question/33993983
#SPJ3
Suppose a survey of 500 people age 18 to 34 indicated that 32.2% of them live with one or both of their parents. Calculate and interpret a confidence interval estimate for the true proportion of all people age 18 to 34 who live with one or both parents. Use a 94% confidence level. ____________________________________________________________________________________________________________________________ CHAPTER 8: FLOW CHART VIEW OF FORMULAS FOR CONFIDENCE INTERVAL
Answer:
[tex]0.322 - 1.88\sqrt{\frac{0.322(1-0.322)}{500}}=0.283[/tex]
[tex]0.322 + 1.88\sqrt{\frac{0.322(1-0.322)}{500}}=0.361[/tex]
The 94% confidence interval would be given by (0.283;0.361)
Step-by-step explanation:
Notation and definitions
[tex]n=500[/tex] random sample taken
[tex]\hat p=0.322[/tex] estimated proportion of people between 18 to 34 who live with their parents
[tex]p[/tex] true population proportion of people between 18 to 34 who live with their parents
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The population proportion have the following distribution
[tex]p \sim N(p,\sqrt{\frac{p(1-p)}{n}})[/tex]
Solution to the problem
In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 94% of confidence, our significance level would be given by [tex]\alpha=1-0.94=0.06[/tex] and [tex]\alpha/2 =0.03[/tex]. And the critical value would be given by:
[tex]z_{\alpha/2}=-1.88, z_{1-\alpha/2}=1.88[/tex]
The confidence interval for the mean is given by the following formula:
[tex]\hat p \pm z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}[/tex]
If we replace the values obtained we got:
[tex]0.322 - 1.88\sqrt{\frac{0.322(1-0.322)}{500}}=0.283[/tex]
[tex]0.322 + 1.88\sqrt{\frac{0.322(1-0.322)}{500}}=0.361[/tex]
The 94% confidence interval would be given by (0.283;0.361)