Chapter 4: Q170SE (page 282)
Assume that xis a binomial random variable with n = 100
and p = 5. Use the normal probability distribution to approximate
the following probabilities:
a.
b.
c.
d.
e.
f.
Short Answer
a.
b.
c.
d.
e.
f.
Chapter 4: Q170SE (page 282)
Assume that xis a binomial random variable with n = 100
and p = 5. Use the normal probability distribution to approximate
the following probabilities:
a.
b.
c.
d.
e.
f.
a.
b.
c.
d.
e.
f.
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Get started for freeWhen to replace a maintenance system. An article in the Journal of Quality of Maintenance Engineering (Vol. 19,2013) studied the problem of finding the optimal replacement policy for a maintenance system. Consider a system that is tested every 12 hours. The test will determine whether there are any flaws in the system. Assume that the probability of no flaw being detected is .85. If a flaw (failure) is detected, the system is repaired. Following the fifth failed test, the system is completely replaced. Now, let x represent the number of tests until the system needs to be replaced.
a. Give the probability distribution for x as a formula.
b. Find the probability that the system needs to be replaced after 8 total tests.
Stock market participation and IQ. Refer to The Journal of Finance (December 2011) study of whether the decision to invest in the stock market is dependent on IQ, Exercise 3.46 (p. 182). Recall that an IQ score (from a low score of 1 to a high score of 9) was determined for each in a sample of 158,044 Finnish citizens. Also recorded was whether or not the citizen invested in the stock market. The accompanying table gives the number of Finnish citizens in each IQ score/investment category. Which group of Finnish citizens (market investors or noninvestors) has the highest average IQ score?
IQ Score | Invest in market | No investment | Totals |
1 | 893 | 4659 | 5552 |
2 | 1340 | 9409 | 10749 |
3 | 2009 | 9993 | 12002 |
4 | 5358 | 19682 | 25040 |
5 | 8484 | 24640 | 33124 |
6 | 10270 | 21673 | 31943 |
7 | 6698 | 11260 | 17958 |
8 | 5135 | 7010 | 12145 |
9 | 4464 | 5067 | 9531 |
Totals | 44651 | 113393 | 158044 |
Choosing portable grill displays. Refer to the Journal of Consumer Research (Mar. 2003) marketing study of influencing consumer choices by offering undesirable alternatives, Exercise 3.109 (p. 204). Recall that each of 124 college students selected showroom displays for portable grills. Five different displays (representing five different-sized grills) were available. Still, the students were instructed to select only three displays to maximize purchases of Grill #2 (a smaller-sized grill). The table shows the grill display combinations and the number of times each was selected by the 124 students. Suppose one of the 124 students is selected at random. Let x represent the sum of the grill numbers selected by this student. (This value indicates the size of the grills selected.)
a. Find the probability distribution for x.
b. What is the probability that x exceeds 10?
Purchasing decision. Suppose you are a purchasing officer for a large company. You have purchased 5 million electrical switches, and your supplier has guaranteed that the shipment will contain no more than .1% defectives. To check the shipment, you randomly sample 500 switches, test them, and find that four are defective. Based on this evidence, do you think the supplier has complied with the guarantee? Explain
4.126 Wear-out of used display panels.Wear-out failure time ofelectronic components is often assumed to have a normaldistribution. Can the normal distribution be applied to thewear-out of used manufactured products, such as coloreddisplay panels? A lot of 50 used display panels was purchasedby an outlet store. Each panel displays 12 to 18 colorcharacters. Prior to the acquisition, the panels had been usedfor about one-third of their expected lifetimes. The data inthe accompanying table (saved in the file) give the failuretimes (in years) of the 50 used panels. Use the techniquesof this section to determine whether the used panel wear-outtimes are approximately normally distributed.
0.01 1.21 1.71 2.30 2.96 0.19 1.22 1.75 2.30 2.98 0.51
1.24 1.77 2.41 3.19 0.57 1.48 1.79 2.44 3.25 0.70 1.54
1.88 2.57 3.31 0.73 1.59 1.90 2.61 1.19 0.75 1.61 1.93
2.62 3.50 0.75 1.61 2.01 2.72 3.50 1.11 1.62 2.16 2.76
3.50 1.16 1.62 2.18 2.84 3.50
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