5.

1
Distribution A
X P(x) X P(x) SD
0 0.5 0 0 0 0
1 0.2 0.2 0.8 0.64 0.128
2 0.15 0.3 1.7 2.89 0.4335
3 0.1 0.3 2.7 7.29 0.729
4 0.05 0.2 3.8 14.44 0.722
1 1 2.0125 1.418626

Distribution B
X P(x) X P(x) SD
0 0.05 0 0 0 0
1 0.1 0.1 0.9 0.81 0.081
2 0.15 0.3 1.7 2.89 0.4335
3 0.2 0.6 2.4 5.76 1.152
4 0.5 2 2 4 2
1 3 3.6665 1.914811

5.18 A. B. C. D.
0 10 10 6
4 0.4 0.5 0.83
0.12 0.599695 9 0.00157286 8 0.043945313 5 0.401782

CLASS DRILLS

7.17 Given a normal distribution with a mean = 100 and a SD = 10, if you select a sample of n = 25,
what is the probability that X is

a. less than 95? = 0.00621

b. between 95 and 97.5? = 0.09944
c. above 102.2? = 0.86433
d. There is a 65% chance that X is above what value? = 99.2294

SOLUTION:
mean 100
SD 10
n 25
 -5 -2.5 2.2
2 2 2
-2.5 -1.25 1.1
P(X<95) = 0.00621 P(X<97.5) = 0.10564977 P(X>102.2) = 0.864334 65% of X =

7.21 The diameter of Ping-Pong balls manufactured at a large factory is approximately normally
distributed, with a mean of 1.30 inches and a standard deviation of 0.04 inch. If you select a random
sample of 16 Ping-Pong balls,

a. what is the sampling distribution of the mean? =

b. the probability that the sample mean is less than 1.28 inches? =
c. the probability between 1.31 and 1.33 inches? =
d. two values between the 60% probability that is =
symmetrically distributed around the population mean?

SOLUTION:
mean 1.3
SD 0.04
n 16

-0.02 0.01 0.03

0.01 0.01 0.01
-2 1 3 2 values
P(X<1.28) 0.02275 P(X>1.31) 0.84134475 P(X>1.33) 0.99865 bet. 60%

7.28 A random sample of 50 households was selected for a telephone survey. The key question
asked was, Do you or any member of your household own a cellular telephone with a
built in camera?" Of the 50 respondents, 15 said yes and 35 said no.

a. Determine the sample proportion, p, of households with cellular telephones with built-in cameras.
b. If the population proportion is 0.40, determine the standard error of the proportion.
 5.3 5.8
NCC (X) P (X) SD
0 0.26 0 0 0 0
1 0.22 0.22 0.78 0.6084 0.133848
2 0.16 0.32 1.68 2.8224 0.451584
3 0.12 0.36 2.64 6.9696 0.836352
4 0.08 0.32 3.68 13.5424 1.083392
5 0.06 0.3 4.7 22.09 1.3254
6 0.04 0.24 5.76 33.1776 1.327104
7 0.03 0.21 6.79 46.1041 1.383123
8 0.02 0.16 7.84 61.4656 1.229312 5.14
9 0.01 0.09 8.91 79.3881 0.793881
1 2.22 8.563996 2.926431

5.3O A. B. C. D. 5.44 A.
2 8 1 0 P(X) 3
2.5 8 0.5 3.7 n 4
0.256516 0.139587 0.3032653 0.0247235 A 5
N 10

elect a sample of n = 25, 7.18 Given a normal distribution with a mean = 50 and a SD = 5, if you select a sample
what is the probability that X is

a. less than 47? =

b. between 47 and 49.5? =
c. above 51.1? =
d. There is a 35% chance that X is above what value? =

SOLUTION:
mean 50
SD 5
n 100
 0.35 -3 -0.5 1.1
-0.38532 0.5 0.5 0.5
-0.770641 -6 -1 2.2
99.22936 P(X<47) = 0.00 P(X<49.5)= 0.158655 P(X>51.1) = 0.986097

proximately normally 7.24 The amount of time a bank teller spends with each customer has a population me
.04 inch. If you select a random minutes and standard deviation of 0.40 minute. If you select a random sample of

a. what is the probability that the mean time spent per customer is at least 3 minut
0.01 b. there is an 85% chance that the sample mean is less than how many times?
0.0228 c. What assumption must you make in order to solve (a) and (b)?
0.1573 d. If you select a random sample of 64 customers, there is an 85% chance that the
1.31 and 1.29 sample mean is less than how many minutes?

SOLUTION:
mean 3.1
SD 0.4
n 16

-0.1 0.15
0.4 0.1 -1.036433 n= 64
0.8416 -1 1.036433 0.05
1.308416 0.1586553 0.1 3.151822
1.291584 0.8413447 3.203643

vey. The key question

elephone with a

ephones with built-in cameras. = 0.3

f the proportion. =
 Expected Return Covariance
P (XiYi) X Y E(X) E(Y) VAR (X) VAR (Y) XY E(X+Y)
0.2 -100 50 -20 10 7220 80 -760 -10
0.4 50 30 20 12 640 0 0 32
0.3 200 20 60 6 3630 30 -330 66
0.1 300 20 30 2 4410 10 -210 32
90 30 15900 120 -1300 120
SD 126.0952 10.95445

STOCK Expected Return Covariance

Probability X Y E(X) E(Y) VAR (X) VAR (Y) XY
0.1 -50 -100 -5 -10 1464.1 3880.9 2383.7
0.3 20 50 6 15 780.3 662.7 719.1
0.4 100 130 40 52 336.4 435.6 382.8
0.2 150 200 30 40 1248.2 2121.8 1627.4
71 97 3829 7101 5113
SD 61.87891 84.26743

B. C. D.
1 0 3
4 5 3
3 3 3
6 12 10

5, if you select a sample of n = 100,

0.000
0.159
0.986
50.77
 0.65
0.38532
0.770641
35% of X = 50.77064

mer has a population mean of 3.10

ect a random sample of 16 customers,

stomer is at least 3 minutes? = 0.841345

n how many times? = 3.203643
= we must assume that (a) and (b) are approximately symetrical for us to solve it.
an 85% chance that the = 3.151822
r us to solve it.