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5.2: the uniform distribution

47 . For the continuous probability distribution described by the function f ( x ) = 1 10 for 0 x 10 , what is the P (2< x <5)?

Use the following information to answer the next four exercises. The number of minutes that a patient waits at a medical clinic to see a doctor is represented by a uniform distribution between zero and 30 minutes, inclusive.

48 . If X equals the number of minutes a person waits, what is the distribution of X ?

49 . Write the probability density function for this distribution.

50 . What is the mean and standard deviation for waiting time?

51 . What is the probability that a patient waits less than ten minutes?

5.3: the exponential distribution

52 . The distribution of the variable X , representing the average time to failure for an automobile battery, can be written as: X ~ Exp ( m ). Describe this distribution in words.

53 . If the value of m for an exponential distribution is ten, what are the mean and standard deviation for the distribution?

54 . Write the probability density function for a variable distributed as: X ~ Exp (0.2).

6.1: the standard normal distribution

55 . Translate this statement about the distribution of a random variable X into words: X ~ (100, 15).

56 . If the variable X has the standard normal distribution, express this symbolically.

Use the following information for the next six exercises. According to the World Health Organization, distribution of height in centimeters for girls aged five years and no months has the distribution: X ~ N (109, 4.5).

57 . What is the z -score for a height of 112 inches?

58 . What is the z -score for a height of 100 centimeters?

59 . Find the z -score for a height of 105 centimeters and explain what that means In the context of the population.

60 . What height corresponds to a z -score of 1.5 in this population?

61 . Using the empirical rule, we expect about 68 percent of the values in a normal distribution to lie within one standard deviation above or below the mean. What does this mean, in terms of a specific range of values, for this distribution?

62 . Using the empirical rule, about what percent of heights in this distribution do you expect to be between 95.5 cm and 122.5 cm?

6.2: using the normal distribution

Use the following information to answer the next four exercises. The distributor of lotto tickets claims that 20 percent of the tickets are winners. You draw a sample of 500 tickets to test this proposition.

63 . Can you use the normal approximation to the binomial for your calculations? Why or why not.

64 . What are the expected mean and standard deviation for your sample, assuming the distributor’s claim is true?

65 . What is the probability that your sample will have a mean greater than 100?

66 . If the z -score for your sample result is –2.00, explain what this means, using the empirical rule.

7.1: the central limit theorem for sample means (averages)

67 . What does the central limit theorem state with regard to the distribution of sample means?

68 . The distribution of results from flipping a fair coin is uniform: heads and tails are equally likely on any flip, and over a large number of trials, you expect about the same number of heads and tails. Yet if you conduct a study by flipping 30 coins and recording the number of heads, and repeat this 100 times, the distribution of the mean number of heads will be approximately normal. How is this possible?

Questions & Answers

What is inflation
Bright Reply
a general and ongoing rise in the level of prices in an economy
AI-Robot
What are the factors that affect demand for a commodity
Florence Reply
price
Kenu
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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