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Data Analysis For Managers Week 4

The document contains examples of using probability distributions to calculate probabilities related to sample means and proportions. It provides the formulas and steps to find probabilities for samples drawn from normal and binomial populations. For example, it calculates the probability that a sample mean of 4 homes falls between 49 and 52 given a normal population with mean 50 and standard deviation 5. It then comments on whether sample results support or contradict various claims.

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Siva Praveen
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205 views4 pages

Data Analysis For Managers Week 4

The document contains examples of using probability distributions to calculate probabilities related to sample means and proportions. It provides the formulas and steps to find probabilities for samples drawn from normal and binomial populations. For example, it calculates the probability that a sample mean of 4 homes falls between 49 and 52 given a normal population with mean 50 and standard deviation 5. It then comments on whether sample results support or contradict various claims.

Uploaded by

Siva Praveen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MGT – 203A- FQ 2020 – Assignment 4

9.10
Let X represent the mean of the toss of two fair dice. Use the probabilities listed in Table to determine
the following probabilities.

X bar P(X bar)


1 1/36
1.5 2/36
2 3/36
2.5 4/36
3 5/36
3.5 6/36
4 5/36
4.5 4/36
5 3/36
5.5 2/36
6 1/36

a. P(X̅ = 1) = 1/36

b. P(X̅ = 6) = 1/36

9.18
Given a normal population whose mean is 50 and whose standard deviation is 5, find the probability
that a random sample of

a. 4 has a mean between 49 and 52.


=NORM.DIST(52,50,2.5,TRUE)-NORM.DIST(49,50,2.5,TRUE)
σ
n=4, µ=50, σ = 5, σx = =2.5
√n
P (49< X̅<52) = 0.443566343

b. 16 has a mean between 49 and 52.

σ
n=16, µ=50, σ = 5, σx = = 1.25 =NORM.DIST(52,50,1.25,TRUE)-NORM.DIST(49,50,1.25,TRUE)
√n
P(49< X̅<52) = 0.73334531

c. 25 has a mean between 49 and 52.

σ =NORM.DIST(52,50,1,TRUE)-NORM.DIST(49,50,1,TRUE)
n=25, µ=50, σ = 5, σx = =1
√n
P(49< X̅<52) = 0.818594614
9.20
Repeat Exercise 9.18 for a standard deviation of 20

a. 4 has a mean between 49 and 52.


=NORM.DIST(52,50,10,TRUE)-NORM.DIST(49,50,10,TRUE)
σ
n=4, µ= μ x=50, σ = 20, σx = =10
√n
P (49< X̅<52) = 0.119088

b. 16 has a mean between 49 and 52.

σ
n=16, µ=50, σ = 20, σx = =5 =NORM.DIST(52,50,5,TRUE)-NORM.DIST(49,50,5,TRUE)
√n
P (49< X̅<52) = 0.234681

c. 25 has a mean between 49 and 52.

σ =NORM.DIST(52,50,4,TRUE)-NORM.DIST(49,50,4,TRUE)
n=25, µ=50, σ = 20, σx = =4
√n
P (49< X̅<52) = 0.290169

9.32
The manufacturer of cans of salmon that are supposed to have a net weight of 6 ounces tells you that
the net weight is actually a normal random variable with a mean of 6.05 ounces and a standard
deviation of .18 ounces. Suppose that you draw a random sample of 36 cans.

a. Find the probability that the mean weight of the sample is less than 5.97 ounces.

σ =NORM.DIST(5.97,6.05,0.045,TRUE)
µ= 6.05, σ = 0.18, n=36, σx = =0.03
√n
P ( X̅ < 5.97) = 0.00383

b. Suppose your random sample of 36 cans of salmon produced a mean weight that is less than 5.97
ounces. Comment on the statement made by the manufacturer.

As the probability of occurrence is very low, I would suggest a recheck by another sample.

9.40
The property tax paid by homeowners in a large city was determined to be normally distributed with a
mean of $2,800 and a standard deviation of $400. A random sample of four homes was drawn.

a. What is the probability distribution of the mean of the sample of four homes?

σ
The distribution will be normal with mean 2800, and σx = =200
√n
b. Determine the probability that the sample mean falls between $2,500 and $2,900.

P (2500<X̅<2900) = 0.624655 =NORM.DIST(2900,2800,200,TRUE)-NORM.DIST(2500,2800,200,TRUE)

9.42
a. In a binomial experiment with n = 300 and p = .5, find the probability that P^ is greater than 60%.

p(1− p)
σ=
√ n
= 0.028868 =1-NORM.DIST(0.6,0.5,0.028868,TRUE)

P(P^>0.6) = 0.000266

b. Repeat part (a) with p = .55.


=1-NORM.DIST(0.6,0.55,0.028723,TRUE)
p(1− p)
σ=
√ n
= 0.028723

P(P^>0.6) = 0.040862

c. Repeat part (a) with p = .6

p(1− p)
σ=
√ n
= 0.028284
=1-NORM.DIST(0.6,0.6,0.028284,TRUE)

P(P^>0.6) = 0.5

9.50
A commercial for a manufacturer of household appliances claims that 3% of all its products require a
service call in the first year. A consumer protection association wants to check the claim by surveying
400 households that recently purchased one of the company’s appliances. What is the probability that
more than 5% require a service call within the first year?

p(1− p)
n=400, p=0.03, σ=
√ n
= 0.008529 =1-NORM.DIST(0.05,0.03,0.008529,TRUE)

P(P^>0.05) = 0.009515

What would you say about the commercial’s honesty if in a random sample of 400 households 5% report
at least one service call?

The probability is very low, if the samples number of service calls are greater 5 %, then it is suspicious.

9.52
A university bookstore claims that 50% of its customers are satisfied with the service and prices.

a. If this claim is true, what is the probability that in a random sample of 600 customers less than 45%
are satisfied?
=NORM.DIST(0.45,0.5,0.020412,TRUE)
p(1− p)
p=0.5, n=600, σ=
√ n
= 0.020412
P(P^>0.45) = 0.007152

b. Suppose that in a random sample of 600 customers, 270 express satisfaction with the bookstore.
What does this tell you about the bookstore’s claim?

If 270/600 (45%) express satisfaction then the clams made are looks to be suspicious. Maybe calculating
satisfaction for another sample will give a better understanding.

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