Question: For each question. What is the random variable? X (discrete), X (continuous) What tool are you utilizing? X ~ binomial X ~ Normal Xbar ~
For each question.
- What is the random variable? X (discrete), X (continuous)
- What tool are you utilizing?
- X ~ binomial
- X ~ Normal
- Xbar ~ Normal
- Pbar ~ Normal
- What conditions need to be met to use this tool (if any), are they met?
Question 1
The amount of widgets an employee is able to make in a day is assumed normal with a mean of 200 and a standard deviation of 15 widgets.
Over the course of a week you have the following daily production amounts:
{ 250, 186, 203, 178, 233 }
Management pays out a weekly bonus to those in the top 5% of average weekly production.
- Would you qualify for this bonus?
- What's the probability of a worker having an average weekly production more than you?
Question 2
it is known that 70% of all workers exceed their daily targets. If management were to take a random sample of 50 workers, what would be the probability that between 50% and 60% of those selected exceeded their daily targets.
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