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Consider the drying time data for Exercise 1.1 on page 13. Compute the sample variance and sample standard deviation. Reference: Exercise 1.1 The following measurements were recorded for the drying tine. in hours. of a certain brand of latex pa'nt. 3.4 2.5 4.8 2.9 3.6 2.8 3.3 5.5 3.? 2.3 4.4 4.0 5.2 3.0 4.3 Assume that the measurements are a simple random sample. {a} What is the sample size for the above sample? {In} Calculate the sample mean for these data. {c} Calculate the sample median. {djl Plot the data by way of a dot plot. {e} Compute the 20% trirm'ned mean for the above data set. { Is the sample mean for these data more or less descriptive as a center of location than the trimmed mean? A certain polymer is used for evacuation systems for aircraft. It is important that the polymer be resistant to the aging process. Twenty specimens of the polymer were used in an experiment. Ten were assigned randomly to be exposed to an accelerated batch aging process that involved exposure to high temperatures for 10 days. Measurements of tensile strength of the specimens were made, and the following data were recorded on tensile strength in psi: No aging: 227 222 218 217 225 218 216 229 228 221 Aging: 219 214 215 211 209 218 203 204 201 205 (a) Do a dot plot of the data. (b) From your plot, does it appear as if the aging process has had an effect on the tensile strength of thispolymer? Explain. (c) Calculate the sample mean tensile strength of the two samples. (d) Calculate the median for both. Discuss the similarity or lack of similarity between the mean andmedian of each group.A project to extend irrigation canals into an area that was recently cleared of mesquite trees (a nui- sance tree in Texas) and large weeds is projected to have a capital cost of $2,000,000. Annual mainte- nance and operation costs will be $100,000 per year. Annual favorable consequences to the gen- cral public of $820,000 per year will be offset to some extent by annual adverse consequences of $400,000 to a portion of the general public. If the project is assumed to have a 20-year life, what is the B/C ratio at an interest rate of 8% per year? Calculate the B/C ratio for the following cash flow estimates at a discount rate of 7% per year. tem Cash Flow FW of benefits, $ 30,800,000 AW of disbenefits, $ per year 105,000 First cost, $ 1,200,000 M&O costs, $ per year 400,000 Life of project, years 20 The benefits associated with a nuclear power plant cooling water filtration project located on the Ohio River are $10,000 per year forever, starting in year 1. The costs are $50,000 in year 0 and $50,000 at the end of year 2. Calculate the B/C ratio at i = 10% per year.The shelf life, in days, for bottles of a certain prescribed medicine is a random variable having the density function 20.000 f(x) = (x+100) I>0, 0 , elsewhere. Find the probability that a bottle of this medicine will have a shell life of (a) at least 200 days; (b) anywhere from 80 to 120 days.Magnetron tubes are produced on an automated assembly line. A sampling plan is used periodically to assess quality of the lengths of the tubes. This measurement is subject to uncertainty. It is thought that the probability that a random tube meets length specification is 0.99. A sampling plan is used in which the lengths of 5 random tubes are measured. (a) Show that the probability function of Y , the number out of 5 that meet length specification, is given by the following discrete probability function: 5! f(y) = y!(5 - y)! (0.99)"(0.01)5-". (b) Suppose random selections are made off the line and 3 are outside specifications. Use fly) above either to support or to refute the conjecture that the probability is 0.99 that a single tube meets specifications.\f\f