ASS 1 in University ofSence and Technolgy allege of Business Administration MBA rogram Statsies and Researeh Methodology Spring 2015/2015, ‘Assignment 2 Prof Sad khan Important points o be noted Solutions must be subrsted in yourhandweing ony. ‘Solutions must be submitted on act dates tthe beginning ofthe ature (section 61 du on ‘or 10, whl section 62 due on Ar 12). ‘+ Solutions must be witen deal and neat ‘random variable follows ion stbiton wth a probaly of sucess qual O45 for 2 sample se of = 10, fd _a)_ The probability of exactly 3 successes: 2) The probity of or roresueses 6) The probability of exactly Bsucceses * Reid db The probability of 6 or Fewer successes pedes Bye? (2) 09 Remit opt ae no mag ae a confmed resertons ae "oso. Cnsequnty the tte accepts confirmed reeraton for as many 25 gr. Hrmore than confirmed rereationé athe than there re rooms he overbcoked guests are tt to anther hte and gven a complamertry ne. the ote eae 1 Thepouaityietnccatmeetseveetesoatarnana ° M25) «1 POY 3) Th pba tte pens bet onthe eggs cle } ) The probablity that 3 or more gues hol Wea Q* “oor ieneriy bate aed bo conpnys cpl naa ats 37S count thetntenib Oe irate opr ties bana oro ea aerate erie a eee aay tconhq al crane ts he ape esa aa ae ae ees oe oe es a feeeerer eee Tae 2)" Apusrentriontentepi tr siestaioeanesh hue eurces eee eee eee eer ere lnvestmert has a mean return of AED2,000,000 wit a standard deviation of AED25,000. The ‘cad sree mene Repu heel anne seo a} toto ete ot ves eu A nent ye a ee reece eaten ee he fm wie sma penny oar Sg ea an ALSO, high ‘ecru on mat 2-‘Ain Unversity of Sdnce and Techoleey College of Business Adminstration ‘MBA Program Statistics and Research Methodology Spring 2015/2018, assignment 3 a ro. Sais Ri | Given the foowng nul and aernatie hypotheses, conduct hypothess est wing SH sigieane level = (Hemon > Rjeue ann ny=40 |. Two companies that manufacture batteries fo laconic products have submited thelr products to an independent testing agency. The agency tsied 200 of each company's bteris and recorded the length of time the batters lasted before al, The flowing results were determines Company A company 8 Mj e415 hours B= 38 hous S236 5:50 hours 9} Based on these dts, determine the 258 confidence Interval toestimate the diference in average fe bates forthe two companies, Do these data indicate that one company’s tates wil outlast the other companys batteries <5 ‘omaverags? Explain ©). Suppose the manufacturers of hese batteries wishes to warrety their bates. One smal ‘company to which they bah ship batteries cvs shpmentsof 200 batters wee. Ifthe average length of ine to allure ofthe batter Isess than 2 specied number, the ‘manufacturer wil refund the companys purchase price ofthe set of batteries. What value should each manufacturer set they wish to relund money on st most 5% of the shipment? lf Aconcrete companys considering 2 new additive that cane putin the concrete mixto help reduce the setup time. Before gong ahead with the ative the company plans to "© “there wn eno ohation —s 8)Use the sample data to construct a 80% confidence interval estimate forthe difference n mean setup time forthe two concrete aves. Assume thatthe new ade isighty more expensive than te od adtve, doth data suppor switching tthe new additive ifthe managers of the company ae primarily interested in reéucng average Set uptime? p