SOAL LATIHAN

Dear students, please use these questions are exercise to prepare yourselves for midterm
exam. This exercise will not be graded hence you do not need to submit your answer, I will
share the key answer to you sometimes next week. Nevertheless, please try to solve these
first before access the key answer. Best, Amanda.

1. A recent article suggested that, if you earn $25,000 a year today and the inflation rate
continues at 3% per year, you’ll need to make $33,598 in 10 years to have the same
buying power. You would need to make $44,771 if the inflation rate jumped to 6%.
Confirm that these statements are accurate by finding the geometric mean rate of
increase.

2. The ages of a sample of Canadian tourists flying from Toronto to Hong Kong were 32,
21, 60, 47, 54, 17, 72, 55, 33, and 41.
a. Compute the range.
b. Compute the standard deviation.

3. The box plot below shows the amount spent for books and supplies per year by students
at four-year public colleges.

a. Estimate the median amount spent.

b. Estimate the first and third quartiles for the amount spent.
c. Estimate the interquartile range for the amount spent.
d. Beyond what point is a value considered an outlier?
e. Identify any outliers and estimate their value.
f. Is the distribution symmetrical or positively or negatively skewed?

4. The box plot shows the undergraduate in-state tuition per credit hour at four-year public
colleges.

a. Estimate the median.

 b. Estimate the first and third quartiles.
c. Determine the interquartile range.
d. Beyond what point is a value considered an outlier?
e. Identify any outliers and estimate their value.
f. Is the distribution symmetrical or positively or negatively skewed?

5. Forty percent of the homes constructed in the Quail Creek area include a security
system. Three homes are selected at random:
a. What is the probability all three of the selected homes have a security system?
b. What is the probability none of the three selected homes has a security system?
c. What is the probability at least one of the selected homes has a security system?
d. Did you assume the events to be dependent or independent?

6. With each purchase of a large pizza at Tony’s Pizza, the customer receives a coupon
that can be scratched to see if a prize will be awarded. The probability of winning a free
soft drink is 0.10, and the probability of winning a free large pizza is 0.02. You plan to eat
lunch tomorrow at Tony’s. What is the probability:
a. That you will win either a large pizza or a soft drink?
b. That you will not win a prize?
c. That you will not win a prize on three consecutive visits to Tony’s?
d. That you will win at least one prize on one of your next three visits to Tony’s?

7. The Internal Revenue Service is studying the category of charitable contributions. A

sample of 25 returns is selected from young couples between the ages of 20 and 35 who
had an adjusted gross income of more than $100,000. Of these 25 returns, five had
charitable contributions of more than $1,000. Four of these returns are selected for a
comprehensive audit.
a. Explain why the hypergeometric distribution is appropriate.
b. What is the probability exactly one of the four audited had a charitable deduction
of more than $1,000?
c. What is the probability at least one of the audited returns had a charitable
contribution of more than $1,000?

8. A study of the checkout lines at the Safeway Supermarket in the South Strand area
revealed that between 4 and 7 p.m. on weekdays there is an average of four customers
waiting in line. What is the probability that you visit Safeway today during this period and
find:
a. No customers are waiting.
b. Four customers are waiting
c. Four or fewer are waiting
d. Four or more are waiting

9. Shaver Manufacturing Inc. offers dental insurance to its employees. A recent study by
the human resource director shows the annual cost per employee per year followed the
normal probability distribution, with a mean of $1,280 and a standard deviation of $420
per year.
a. What is the probability that annual dental expenses are more than $1,500?
 b. What is the probability that annual dental expenses are between $1,500 and
$2,000?
c. Estimate the probability that an employee had no annual dental expenses.
d. What was the cost for the 10% of employees who incurred the highest dental
expense?

10. A recent news report indicated that 20% of all employees steal from their company each
year. If a company employs 50 people, what is the probability that:
a. Fewer than five employees steal
b. More than five employees steal
c. Exactly five employees steal
d. More than 5 but fewer than 15 employees steal