Income Frequency (1000s) Probability i) $50,000 - $74,999

Under $10,000 4,187 0.05853079

$10,000 - $14,999 3,653 0.05106591
$15,000 - $24,999 8,639 0.12076606
$25,000 - $34,999 8,996 0.12575662
$35,000 - $49,999 12,192 0.17043405
$50,000 - $74,999 15,676 0.21913749 0.219137485147131
$75,000 & over 18,192 0.25430908
Total 71,535
0.219137485147131

i) between $50,000 -
Favourable
outcomes/Total $74,999
Number of outcomes

ii) between $25,000 -

Favourable
outcomes/Total $74,999
Number of outcomes

Favourable i) $0 - $14,999
outcomes/Total
Number of outcomes
i) $25,000 - $74,999 i) $0 - $14,999

0.058530789124205
0.051065911791431

0.125756622632278
0.170434053260642
0.219137485147131

0.51532816104005 0.109596700915636

0.219137

0.51532816104005

0.109596700915636
 Probability of single detection system(P) = 0.9 BINOM.DIST(1,1,0.9,FALSE)

i) Probability of 1 system to detect = 0.18 BINOM.DIST(1,2,0.9,FALSE)

Probability of 2 system to detect = 0.81 BINOM.DIST(2,2,0.9,FALSE)
ii) Atleast one of the system will detect
(1 system will detect + 2 systems will detect) 0.99

iii) Atleast one of 3 systems will detect

(Cumulative of 1/2/3 systems to detect) 0.999 BINOM.DIST.RANGE(3,0.9,1,3)
ST(1,1,0.9,FALSE)

ST(1,2,0.9,FALSE)
ST(2,2,0.9,FALSE)

ST.RANGE(3,0.9,1,3)
P(A/H) = 0.7
P(A/M) = 0.4 P(A)
P(A/L) = 0.2 P(H/A) =
P(H) = 0.3
P(M) = 0.5
P(L) = 0.2
P(A) 0.45
P(H/A) 0.4666666667
((P(H)*P(A/M))+(P(M)*P(A/L))+(P(L)*P(A/L))
(P(H)*P(A/H))/((P(H)*P(A/M))+(P(M)*P(A/L))+(P(L)*P(A/L))
 Standard
Average
Deviatio
MPG
n
Automobile A 42 4

Automobile B 38 7

a) P(A > 45) 0.226627 1-NORM.DIST(45,C3,D3,TRUE)

P(B > 45) 0.158655 1-NORM.DIST(45,C4,D4,TRUE)

She should choose car A

b) P(A < 39) 0.226627 NORM.DIST(39,C3,D3,TRUE)

P(B < 39) 0.556798 NORM.DIST(39,C4,D4,TRUE)

She should buy car A

K boat L boat a) Ho
12 11.8 Ha
13.1 12.1 alpha
11.8 12
12.6 11.6 F-Test Two-Sample for Variances
14 11.8
11.8 12 Variable 1
12.7 11.9 Mean 12.55
13.5 12.6 Variance 0.53909090909091
12.4 11.4 Observations 12
12.2 12 df 11
11.6 12.2 F 5.68824940047962
12.9 11.7 P(F<=f) one-tail 0.00380100519181
F Critical one-tail 2.81793046995309

Null Hyp: Variances are equal

Alt Hyp: Variances are not equal

F stat(5.68) > F crit(2.81)

p value (0.003) < level of significance (0.05)

Hence, null hypothesis rejected

Variances of two population of boats are not equal
 sigma12 - sigma22 = 0 b) T-test
sigma12 - sigma22 not equal 0 We use 2 sample test to compaer the means of performance of 2 boats
0.05 We use t test instead of z test as sample size < 30

t-Test: Two-Sample Assuming Unequal Variances

Variable 2 Variable 1 Variable 2

11.925 Mean 12.55 11.925
0.094772727272727 Variance 0.539091 0.094773
12 Observations 12 12
11 Hypothesized Mean Differe 0
df 15
t Stat 2.719398
P(T<=t) one-tail 0.007915
t Critical one-tail 1.75305
P(T<=t) two-tail 0.01583
t Critical two-tail 2.13145

Null Hyp: Mean of performance of boats is equal

nificance (0.05) Alt Hyp: Mean of performance of boats is not equal

This is a two tailed test, since we are checking if both means are equal o
of boats are not equal
T stat(2.7) > T crit(2.13) in two tail, Hence reject Null Hypothesis
Hence, 2 boats don't perform equally well.
One boat is faster than another on an average
 means of performance of 2 boats
ple size < 30

ts is not equal

hecking if both means are equal or not

nce reject Null Hypothesis

 Stores for distinct
Observat
Country Consumers
ions
(Adult/Kid)
1 USA 1
2 USA 1
3 USA 1
4 USA 2
5 USA 2
6 USA 1
7 USA 1
8 UK 2
9 UK 2
10 UK 1
11 UK 1
12 UK 2
13 UK 2
14 UK 2
15 UK 1
16 UK 1
17 Canada 1
18 Canada 2
19 Canada 1
20 Canada 2
21 Canada 1
22 Canada 1
 Rep 1 Rep 2 Rep 3 Rep 4
Dist 1 1 3 10 12
Dist 2 17 12 16 14
Dist 3 17 21 22 25
Dist 4 20 10 17 23
Dist 5 22 21 37 32

Anova: Two-Factor Without Replication

SUMMARY Count Sum Average Variance

Row 1 4 26 6.5 28.33333
Row 2 4 59 14.75 4.916667
Row 3 4 85 21.25 10.91667
Row 4 4 70 17.5 31
Row 5 4 112 28 60.66667

Column 1 5 77 15.4 69.3

Column 2 5 67 13.4 59.3
Column 3 5 102 20.4 104.3
Column 4 5 106 21.2 67.7

ANOVA
Source of VariationSS df MS F P-value F crit
Rows 1011.3 4 252.825 15.87598 9.745E-05 3.259167
Columns 216.4 3 72.13333 4.529566 0.024095 3.490295
Error 191.1 12 15.925

Total 1418.8 19
 Technolog
Trained
Food Entertainm y
Event Planners Overall workfor
Services ent applicatio
ce
Eventena Events 94.4 94.6 90.9 97.8 ns 91
Crystal Events 93 96.7 84.2 96.7 99
way4events - Event 92.9 100 100 88.5 90
Lolipop events 91.3 88.6 94.8 97.1 88
Tina events 90.5 95.1 87.9 91.2 91
Carribean nights 90.3 92.5 82.1 98.8 91
Charlie events 90.2 96 86.3 92 99
Il Fornaio 89.9 92.6 92.6 88.9 87
Joe's dreams 89.4 94.7 85.9 90.8 91
Johnny Carino 89.2 90.6 83.3 90.5 99
Lone Star 89.2 90.9 82 88.6 90
LongHorn 89.1 93.1 93.1 89.7 88
Maggiano events 88.7 92.6 78.3 91.3 91
McGrath events 87.2 93.1 91.7 73.6 91
Olive Garden 87.2 91 75 89.7 88
Outback Steakhouse 86.6 94.4 78.1 91.6 91
IMC events 86.2 95.5 77.4 90.9 91
Grace events 86.1 94.9 76.5 91.5 88