|
Graduate (S) Business Administration 502 INFORMATION AND ANALYSIS |
|
||
|
| | HOME | SYLLABUS | CALENDAR | ASSIGNMENTS | ABOUT PROF. GIN | |
Answers, Chs. 6 and 76.7 m = 9.152, σ = 3.00 a. P ( X > 10.00) = P [ (X - m) / σ > (10.00 - 9.152) / 3.00]
b. P (3.00 < X < 5.00) = P [(3.00 - 9.152) / 3.00 < (X - m) / σ < (5.00 - 9.152) / 3.00]
c. P (X < 5.00) = P [(X - m) / σ < (5.00 - 9.152) / 3.00]
d. P (X < X0) = 0.99 => P (Z < Z0) = 0.99 => Z0 = 2.33
7.5 m = 2.63, σ = 0.03, n = 9 Note: The square root of n will be designated as n^0.5. a. b. P (
c. P (2.62 <
d. P (
. 7.15 n = 100, π = 0.35, σp = standard error of the sample proportion = square root of π (1-π) / n = [0.35 (1 - 0.35) / 100]^0.5 = 0.0477 a. P (p < 0.35) = P [(p - π) / σp > (0.35 - 0.35) / 0.0477]
b. P (0.30 < p < 0.40) = P [(0.30 - 0.35) / 0.0477 < (p - π) / σp < (0.40 - 0.35) / 0.0477]
c. P ( p > 0.30) = P [(p - π) / σp > (0.30 - 0.35) / 0.0477]
d. Skip the calculations. The standard error is smaller because there is more data. There is no change in (a), as it involved no deviation from the mean. With a smaller standard error, there is a higher probability of being in between the two values in (b). In (c), the point is more standard errors below the mean, so there is a higher probability of exceeding that point. |