DAsk Tur Teacher Consider a binomial distribution of 200 trials with expected value 80 and standard...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
DAsk Tur Teacher Consider a binomial distribution of 200 trials with expected value 80 and standard deviation of about 6.9. Use the criterion that it a unusual to have data values more than 25 standard deviations above the mean or 2.5 standard deviations below the mean to answer the following questions (a) Would it be unusual to have more than 120 successes out of 200 trials? Explain. Yes. 120 is more than 2.5 standard deviations above the expected value. Yes. 120 s more than 2.5 standard deviations below the expected value. No. 120 is less than 2.5 standard deviations above the expected value. No. 120 is less than 2.5 standard deviations below the expected value. (b) Would it be unusual to have fewer than 40 successes out of 200 triais? Explain. O Yes, 40 is more than 2.5 standard deviations above the expected value. Yes. 40 is more than 2.5 standard deviations below the expected value. No. 40 is less than 2.5 standard deviations above the expected value. No. go is less than 2.5 etandard deviations below the expected value. (e) Would it be unusual to have from 70 to 90 successes out of 200 triais? Explain. No. 90 observations is more than 2.S standard deviations above the expected value. No. 70 to 90 observations is within 2.5 standard deviations of the expected value. Yes. 70 to 90 observations is within 2.5 standard deviations of the expected value Yes. 70 observations is more then 25 standard deviations below the expected value DAsk Tur Teacher Consider a binomial distribution of 200 trials with expected value 80 and standard deviation of about 6.9. Use the criterion that it a unusual to have data values more than 25 standard deviations above the mean or 2.5 standard deviations below the mean to answer the following questions (a) Would it be unusual to have more than 120 successes out of 200 trials? Explain. Yes. 120 is more than 2.5 standard deviations above the expected value. Yes. 120 s more than 2.5 standard deviations below the expected value. No. 120 is less than 2.5 standard deviations above the expected value. No. 120 is less than 2.5 standard deviations below the expected value. (b) Would it be unusual to have fewer than 40 successes out of 200 triais? Explain. O Yes, 40 is more than 2.5 standard deviations above the expected value. Yes. 40 is more than 2.5 standard deviations below the expected value. No. 40 is less than 2.5 standard deviations above the expected value. No. go is less than 2.5 etandard deviations below the expected value. (e) Would it be unusual to have from 70 to 90 successes out of 200 triais? Explain. No. 90 observations is more than 2.S standard deviations above the expected value. No. 70 to 90 observations is within 2.5 standard deviations of the expected value. Yes. 70 to 90 observations is within 2.5 standard deviations of the expected value Yes. 70 observations is more then 25 standard deviations below the expected value
Expert Answer:
Answer rating: 100% (QA)
Answer Given H 80 and n 200 80 H np p 04 n 200 o np1 p V200041 04 ... View the full answer
Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
Posted Date:
Students also viewed these accounting questions
-
In Exercise 20, would it be unusual for an employee to work two hours of overtime? Explain your reasoning. Data from Exercise 20: The number of overtime hours worked in one week per employee....
-
Bob's exam score was 2.17 standard deviations above the mean. The exam was taken by 200 students. Assuming a normal distribution, how many scores were higher than Bob's?
-
In Exercise 19, would it be unusual for a household to have no HD televisions? Explain your reasoning. Data from exercise 19: The number of high-definition (HD) televisions per household in a small...
-
Do you have convincing evidence of sufficient computer skills to engage in online discussion forums, access online library resources, engage in online videoconferencing, and utilize word processing,...
-
Friar Company discloses the following information for the year ended October 31, 2014:...
-
Assume that Calumet Co. will receive 10 million pesos in 15 months. It does not have a relationship with a bank at this time and, therefore, cannot obtain a forward contract to hedge its receivables...
-
What is the internal rate of return of the following cash flow diagram? a. 20 percent b. 18.2 percent c. 17.5 percent d. 15 percent $30 $31 0 1 2 3 $30 $15
-
In January 2014, Vanowski Corporation was organized and authorized to issue 2,000,000 shares of no-par common stock and 50,000 shares of 5 percent, $50 par value, noncumulative preferred stock. The...
-
As part of a survey, 15 adults were asked, "How many hours did you spend at your job last week?" The results are shown in the stem-and-leaf display below. Use the display to answer the questions that...
-
1. Describe the characteristic traits of leadership at GE. How would you describe Flannerys leadership style? 2. Do you believe that leadership style and connection with employees can influence...
-
How long will it take to double your money with a growth rate of 4.0 percent and 5.00 percent respectively? ( Round your answers to 1 decimal place. ) Growth rate 4.0 percent ( )Years 5.00 percent (...
-
In the Mensa recommended plan, what rate of return is automatically assigned to the account used to fund the emergency goal? Cash equivalent rate of return. The rate of return based on the asset...
-
Write a short essay (min 1/2 page ) That outlines some of the innovation that MacDonald's has created over the last little while as per the video we watched in class today. Do you think these will...
-
If the audit team Additional representations should be included in audit of public companies related to the audit of internal control, Otherwise Group of answer choices no need to obtain...
-
If the price of a stock is greater than the exercise price of a call, the call is said to be: Question 1 options: a) naked. b) out of the money. c) in the money. d) covered.
-
Imagine that you are the manager of a leading brand in the FMCG category, and were asked to measure equity for a product of your choice. Use a qualitative and a quantitative technique to do so.
-
State Owned Enterprises (SOES): A) are a form of public ownership. B) are created for commercial activities rather than civil or social activities. Care the dominant form of business organization in...
-
Experiment: Tossing four coins Event: Getting three heads Identify the sample space of the probability experiment and determine the number of outcomes in the event. Draw a tree diagram when...
-
A multiple-choice exam has 100 questions. Each question has four choices. (a) What mini- mum score should be required to reduce the chance of passing by random guessing to 5 percent? (b) To 1...
-
The fuel economy of a 2011 Lexus RX 350 2WD 6 cylinder 3.5 L automatic 5-speed using premium fuel is a normally distributed random variable with a mean of = 25.0 MPG - and a standard deviation of =...
-
Choose either 2 2 contingency table shown below (males or females). Research question: At = .005, is smoking independent of race? (Smoking rates are from Statistical Abstract of the United States,...
-
Why is gifting an important estate planning tool? Why are assets that grow in value recommended as gifts?
-
Following his death in 2012, Zane Wulster's gross taxable estate was valued at $3,300,000. He has made a total of $200,000 of gifts that exceeded the annual gift tax exclusion. a. What is the amount...
-
Explain how the portable estate exemption, resulting from the 2010 Tax Relief Act, altered estate planning using family trusts.
Study smarter with the SolutionInn App