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    This document contains 4 statistics problems involving probability distributions, confidence intervals, and hypothesis testing. Problem 1 involves finding the expected value and variance of tool failures modeled by a Poisson distribution, and calculating failure probabilities. Problem 2 involves calculating probabilities related to the sample mean of household electricity usage. Problem 3 involves finding 95% and 90% confidence intervals for Jupiter's equatorial radius. Problem 4 involves hypothesis testing to determine if sample data supports an official's claim about average daily household water use.

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    DEMO TEST FINAL STAT

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    This document contains 4 statistics problems involving probability distributions, confidence intervals, and hypothesis testing. Problem 1 involves finding the expected value and variance of tool failures modeled by a Poisson distribution, and calculating failure probabilities. Problem 2 involves calculating probabilities related to the sample mean of household electricity usage. Problem 3 involves finding 95% and 90% confidence intervals for Jupiter's equatorial radius. Problem 4 involves hypothesis testing to determine if sample data supports an official's claim about average daily household water use.

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    © All Rights Reserved
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    12 views1 page

    Demo Test Final Stat

    Uploaded by

    Thông Vũ Minh
    This document contains 4 statistics problems involving probability distributions, confidence intervals, and hypothesis testing. Problem 1 involves finding the expected value and variance of tool failures modeled by a Poisson distribution, and calculating failure probabilities. Problem 2 involves calculating probabilities related to the sample mean of household electricity usage. Problem 3 involves finding 95% and 90% confidence intervals for Jupiter's equatorial radius. Problem 4 involves hypothesis testing to determine if sample data supports an official's claim about average daily household water use.

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    [DOCUMENT TITLE]

    STATISTICS FOR BUSINESS FINAL DEMO TEST


    Problem 1: A factory uses tools of a particular type. From time to time failures in these tools occur and they
    need to be replaced. The number of such failures in a day has a Poisson distribution with mean 1.25. At the
    beginning of a particular day there are five replacement tools in stock. A new delivery of replacements will
    arrive after four days. If all five spares are used before the new delivery arrives then further replacements
    cannot be made until the delivery arrives. Find

    (a) expected value and variance.

    (b) the probability that three replacements are required over the next one day.

    (c) the probability that four replacements actually made over the next four days.

    Problem 2: The Industrial Ministry report that the average Vietnamese household uses 150kWh of electricity
    per month. A random of 50 households is chosen. The population standard deviation of monthly usage is
    320kWh.

    a. What is the probability that the sample mean is more than 250kWh?

    b. What is the probability that the sample mean is less than 150kWh?

    c. What is the probability that the sample mean is between 140kWh and 190kWh?

    d. How much electricity usage of top 10%?

    e. How much electricity usage for less than 2%?

    Problem 3: The equatorial radius of the planet Jupiter is measured 40 times independently by a process that is
    practically free of bias. These measurements average x¯ = 71492 kilometers with a sample standard deviation of s =
    28 kilometers.

    a) At 95% confidence interval, what is margin of error?

    b) Find a 90% confidence interval for the equatorial radius of Jupiter?

    Problem 4: A water official insists that the average daily household water use in a certain county is at least
    400 gallons. To check this claim, a random sample of 28 households was checked. The average of those
    sampled was 357 with a sample standard deviation of 62. Is this consistent with the official’s claim? Normal
    distribution is assumed. Use the significant level α = 5%.

    Are the data consistent with the official’s claim?

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