Get 20% Off + $20 Signup Bonus ! Limited Time, Hurry !
Get 20% Off + $20 Signup Bonus ! Limited Time, Hurry !
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Stuck on Your Question?

Get 24x7 live help from our Top Tutors. All subjects covered.

loader
250 words

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Students Who Viewed This Also Studied

0 Page
The Coefficient of Variation

...

Course

BUSN 2429

Subject

Statistics

University

Douglas College

Season

Spring

6 Pages
B5UO3 Applied Mathematics for Construction

Scenario: In a construction project, the equipment and materials are some of the main resources. The equipment may include loaders, dozers, etc. and the material may include oil, tires, spare parts, e ...

Type

Programming

Subject

Statistics

0 Page
Psychological Sciences

...

Course

STA10003

Subject

Statistics

University

Swinburne University of Technology

Season

Fall

9 Pages
ITM406-Object Oriented Application Development

Excel Weekly Lab Activity Mark Value: Pass/Fail (pass = 7.5/10; fail = 0/10) Overview: You are required to work on weekly lab activity at your own pace, in accordance w ...

Course

ITM406

Subject

Statistics

University

Ryerson University

Season

Spring

BUSI 1013 (Statistics for Business)

Question

Answered

Question 1 

 

Question 1

Toby’s Trucking Company determined that on an annual basis the distance traveled per truck is normally distributed with a mean of 30.0 thousand miles and a standard deviation of 8.0 thousand miles.

( a ) What proportion of trucks can be expected to travel between 30.0 and 40.88 thousand miles in the year?

( b ) What is the probability that a randomly selected truck travels between 25.44 and 34.0 thousand miles in the year?

( c ) What percentage of trucks can be expected to travel below 32 thousand miles in the year?

( d ) What percentage of trucks can be expected to travel above 46 thousand miles in the year?

( e ) At what level L, can 67% of the trucks travel more than L in a year?

Question 2 

A visa card company analyzed a sample of 1,000 customers and found that the monthly spending of these customers was normally distributed with μ and σ equal $1,000 and $250 respectively.

( a ) What percentage of the spending was more than $1220 a month?

( b ) What is the probability that his/her spending is within $750 and $1500 a month if acustomer is randomly selected from the sample?

( c ) In the sample of 1000 customers, estimate the number of customers whose spending is below $870 a month.

( d ) What is the minimum spending to join the lucky draw if the top 2.5% of customers who spend most in a month can join the lucky draw? 

Question 3

A large population of 5,000 students take a practice test to prepare for a standardized test.The population mean is 150 questions correct, and the standard deviation is 90.

( a ) Let X = The number of questions correct obtained by a student. What is the mean and the standard deviation of X?

( b ) Let X = The average number of questions correct in a sample of 120 students. What is the mean and the standard deviation of X ? By the Central Limit Theorem, whatis the distribution of X ?

( c ) What sample size should a researcher take to get a distribution of means of the samples with a standard deviation of 5?

Question 4

( a ) A farmer picks pumpkins from a large field. The farmer makes samples of 300 pumpkins and inspects them. If one in thirty pumpkins are not fit to market and will be saved for seeds, what is the expected value of the mean of the sampling distribution of sample proportions for the number of unfitted pumpkins? What is the corresponding standard deviation of the mean of the sampling distribution?

( b ) A store surveys customers to see if they are satisfied with the service they received. Samples of 55 surveys are taken. One in five people are unsatisfied. What is the expected value of the mean of the sampling distribution of sample proportions for the number of unsatisfied customers? What is the corresponding standard deviation of the mean of the sampling distribution of sample proportions?

BUSI 1013 (Statistics for Business)

Answer in Detail

Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

12 More Pages to Come in This Document. Get access to the complete answer.

MyAssignmenthelp.com is diligent to fulfil students needs in the best possible manner by providing both thesis writing services and thesis editing services. We boast separate teams of thesis writing experts and editors who handle the students requests like can anyone do editing of my thesis online or can someone write my thesis online. Thus, we have gained the status of being the most efficient and reliable thesis help provider company in USA.

More BUSI 1013 BUSI 1013 (Statistics for Business) : Questions & Answers

Q
icon

We aren't endorsed by this University

The Coefficient of Variation

...

View Answer
Q

B5UO3 Applied Mathematics for Construction

Scenario: In a construction project, the equipment and materials are some of the main resources. The equipment may include loaders, dozers, etc. and the material may include oil, tires, spare parts, etc. A construction project leader should determine the resource required, i.e. equipment and materia ...

View Answer
Q
icon

We aren't endorsed by this University

Psychological Sciences

...

View Answer
Q
icon

We aren't endorsed by this University

ITM406-Object Oriented Application Development

Excel Weekly Lab Activity Mark Value: Pass/Fail (pass = 7.5/10; fail = 0/10) Overview: You are required to work on weekly lab activity at your own pace, in accordance with the weekly lab schedule. The weekly log must be submitted as per the due dates. 1) L ...

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

Choose Our Best Expert to Help You

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?