Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Museum management. Refer to the Museum Management and Curatorship (June 2010) study of the criteria used to evaluate museum performance, Exercise 3.18 (p. 170). Recall that the managers of 30 leading museums of contemporary art were asked to provide the performance measure used most often. Of these 30 museums, 8 specified “total visitors” as the performance measure. Consider a random sample of 5 museums selected from the 30. How likely is it that none of the museums in the sample specified “total visitors” as the performance measure?

Short Answer

Expert verified

For the given sample, there is only an 18.48% chance that none of the museums specified the total visitors as the performance measure.

Step by step solution

01

 Given information

X isthe number of times; the total visitors are selected in 5 museums.Here, the random variable x follows the hypergeometric distribution.

02

Calculating the chance that none of the museums specified the totalvisitors as the performance measure.

Random variable follows hypergeometric distribution whose probability can be calculated as:

Px=rxN-rn-xNn

put

N=30

n=5r=8x=0

Hence,

P0=8030-85-0300=80225305

P0=1×26334142,506=0.1848

Hence for the given sample, there is only an 18.48% chance that none of the museums specified the total visitors as the performance measure.Therefore, it can be concluded that it is not most likely to select that none of the museums specified “total visitors” as the performance measure.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

The Apprenticecontestants’ performance ratings. Referto the Significance(April 2015) study of contestants’ performanceson the United Kingdom’s version of the TVshow, The Apprentice, Exercise 2.9 (p. 73). Recall thatthe performance of each of 159 contestants was rated ona 20-point scale. Contestants were also divided into twogroups: those who played for a job and those who playedfor a businesspartnership. These data (simulated, based onstatistics reportedin the article) are saved in the accompanyingfile. Descriptive statistics for each of the two groupsof contestants are displayed in the accompanying Minitabprintout.

a. Determine whether the performance ratings of contestantswho played for a job are approximately normallydistributed.

b. Determine whether the performance ratings of contestantswho played for a business partnership are approximatelynormally distributed.

Descriptive Statistics: Rating

Variable Rating

Price

N

Mean

St.Dev

Minimum

Q

1

median

Q3

Maximum

IQ

R

Job

99

7.879

4.224

1

4

9

11

20

7

Partner

60

8.883

4.809

1

5

8

12

20

7

Executive networking and firm performance. Refer to the Journal of Accounting Public Policy (Vol. 34, 2015) study of the impact of executive networking on firm performance, Exercise 2.101 (p. 117). Recall that firm performance was measured as annual return on equity (ROE), recorded as a percentage. The mean ROE for the firms studied was 13.93%, and the standard deviation was 21.65%. Assume that these values represent m and s for the population ROE distribution and that this distribution is normal. What value of ROE will be exceeded by 80% of the firms?

Cell phone handoff behavior. Refer to the Journal of Engineering, Computing and Architecture (Vol. 3., 2009) study of cell phone handoff behavior, Exercise 3.47 (p. 183). Recall that a “handoff” describes the process of a cell phone moving from one base channel (identified by a color code) to another. During a particular driving trip, a cell phone changed channels (color codes) 85 times. Color code “b” was accessed 40 times on the trip. You randomly select 7 of the 85 handoffs. How likely is it that the cell phone accessed color code “b” only twice for these 7 handoffs?

Suppose x is a binomial random variable with n = 3 and p = .3.

  1. Calculate the value of p(x),role="math" localid="1653657859012" x=0,1,2,3,using the formula for a binomial probability distribution.
  2. Using your answers to part a, give the probability distribution for x in tabular form.

Variable speed limit control for freeways. A common transportation problem in large cities is congestion on the freeways. In the Canadian Journal of Civil Engineering (January 2013), civil engineers investigated the use of variable speed limits (VSL) to control the congestion problem. A portion of an urban freeway was divided into three sections of equal length, and variable speed limits were posted (independently) in each section. Probability distributions of the optimal speed limits for the three sections were determined. For example, one possible set of distributions is as follows (probabilities in parentheses). Section 1: 30 mph (.05), 40 mph (.25), 50 mph (.25), 60 mph (.45); Section 2: 30 mph (.10), 40 mph (.25), 50 mph (.35), 60 mph (.30); Section 3: 30 mph (.15), 40 mph (.20), 50 mph (.30), 60 mph (.35).

  1. Verify that the properties of a discrete probability distribution are satisfied for Section 1 of the freeway.
  2. Repeat part a for Sections 2 and 3 of the freeway.
  3. Find the probability that a vehicle traveling at the speed limit in Section 1 will exceed 30 mph.
  4. Repeat part c for Sections 2 and 3 of the freeway.
See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free