AutoSave OFF A A FG ... 3 QUA2343 - Assignment 2 Home Insert Draw Page Layout Formulas Data Review View Automate ? Tell me Comments Share Calibri (Body) v 11 AA Wrap Text General Insert Ex AY- O. Ex Delete Paste BIUV DVAv E Merge & Center v $ ~ % " Conditional Format Cell Sort & Find & Analyze Sensitivity Formatting as Table Styles Format v Filter Select Data G10 fx B C D E F G H 1 J K L M N 0 P Q R S T U V w X Z N N Question 1 /2 The closing price of Schnur Sporting Goods, Inc., common stock is uniformly distributed between $20 and $30 per share. What is the probability that the stock price will be: upu 6 a. More than $27? 7 b. Less than or equal to $24? 10 11 12 13 14 15 16 38 39 40 41 43 Instructions Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10 + Ready Accessibility: Investigate + 100%AutoSave OFF A A FG ... 3 QUA2343 - Assignment 2 Home Insert Draw Page Layout Formulas Data Review View Automate ? Tell me Comments Share Insert Calibri (Body) v 11 AA = Wrap Text General Ex AY- O. Ex Delete E $ ~ % " Conditional Format Cell Sort & Find & Analyze Sensitivity Paste BIUV DVAv Merge & Center v Formatting as Table Styles Format v Filter Select Data L10 fx w Z A B C D E F G H 1 J K L M N 0 P Q R S T U V X Question 2 4 According to an insurance survey, a family of four spends between $400 and $3,800 per year on all types of insurance. Suppose the money spent is uniformly distributed between these amounts. a. What is the mean amount spent on insurance? b. What is the standard deviation of the amount spent? 10 11 12 c. If we select a family at random, what is the probability they spend less than $2000 per year on insurance per year? 13 14 15 d. What is the probability a family spends more than $3000 per year? 16 17 18 19 20 21 23 24 25 26 27 38 39 40 41 43 Instructions Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10 + 100% Ready Accessibility: Investigate +AutoSave OFF A A FG ... 3 QUA2343 - Assignment 2 Home Insert Draw Page Layout Formulas Data Review View Automate ? Tell me Comments Share Insert Calibri (Body) v 11 AA Wrap Text General Ex AY- O. Ex Delete Paste BIUV DVAv E $ ~ % " Conditional Format Cell Sort & Analyze Merge & Center v Find & Sensitivity Formatting as Table Styles Format v Filter Select Data G15 fx B C D E F G H 1 J K L M N P Q R S T U V w X Z Question 3 /2 1D WN A recent article in the Collingwood Sun Times reported that the mean labour cost to repair a heat pump is $90 with a standard deviation of $22 Dawson's Heating Repairs and Services completed repairs on two heat pumps this morning. The labour cost for the first was $75, and it was $100 for the second. Compute z-values for each. For $75: z= 10 11 For $100: z= 12 13 14 15 16 17 18 19 20 21 38 39 40 41 43 Instructions Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10 + Ready Accessibility: Investigate + 100%