Chapter 6: Problem 86
Calculate the area under the standard normal curve to the left of these values: a. \(z=-.90\) b. \(z=2.34\) c. \(z=5.4\)
Chapter 6: Problem 86
Calculate the area under the standard normal curve to the left of these values: a. \(z=-.90\) b. \(z=2.34\) c. \(z=5.4\)
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Get started for freeConsider a binomial random varible with \(n=25\) and \(p=.6 .\) Fill in the blanks below to find some probabilities using the normal approximation. a. Can we use the normal approximation? Calculate \(n p=\) _____ and \(n q=\) _____ b. Are \(n p\) and \(n q\) both greater than \(5 ?\) Yes ____ No ____ c. If the answer to part \(b\) is yes, calculate \(\mu=n p=\) ______ and \(\sigma=\sqrt{n p q}=\) ______ d. To find the probability of more than 9 successes, what values of \(x\) should be included? \(x=\) ________ e. To include the entire block of probability for the first value of \(x=\) ______, start at _______. f. Calculate \(z=\frac{x \pm .5-n p}{\sqrt{n p q}}=\) _______. g. Calculate \(P(x>9) \approx P(z>\)______) \(=1-\) _____ \(=\) ____.
A stringer of tennis rackets has found that the actual string tension achieved for any individual racket stringing will vary as much as 6 pounds per square inch from the desired tension set on the stringing machine. If the stringer wishes to string at a tension lower than that specified by a customer only \(5 \%\) of the time, how much above or below the customer's specified tension should the stringer set the stringing machine? (NOTE: Assume that the distribution of string tensions produced by the stringing machine is normally distributed, with a mean equal to the tension set on the machine and a standard deviation equal to 2 pounds per square inch.)
A normal random variable \(x\) has mean \(\mu=1.20\) and standard deviation
\(\sigma=.15 .\) Find the probabilities of these \(x\) -values:
a. \(1.00
Find the following probabilities for the standard normal random variable \(z\):
a. \(P(-1.43
One method of arriving at economic forecasts is to use a consensus approach. A forecast is obtained from each of a large number of analysts, and the average of these individual forecasts is the consensus forecast. Suppose the individual 2008 January prime interest rate forecasts of economic analysts are approximately normally distributed with the mean equal to \(8.5 \%\) and a standard deviation equal to \(0.2 \% .\) If a single analyst is randomly selected from among this group, what is the probability that the analyst's forecast of the prime rate will take on these values? a. Exceed \(8.75 \%\) b. Be less than \(8.375 \%\)
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