Assignment II for the course “Stat for Management-I from chapter III and IV for BUMA

2nd Year Regular Students

INFOLINK UNIVERSITY COLLEGE
WOLAITA SODO CAMPUS
DEPARTMENT OF BUSINESS MANAGEMENT
ASSIGNMENT FOR COURSE STAT FOR MANAGEMENT I
PROGRAM: REGULAR, DEGREE YEAR II MAX MARK 15%
ASSIGNMENT II
1. Compute the mean weekly wage of the 65 employees at the p and R Company from the
frequency distribution given below.
Wages Number of employees
$ 250.00 -$259.99 8
260.00-269.99 10
270.00-279.99 16
280.00-289.99 14
290.00-299.99 10
300.00-309.99 5
310.00-319.99 2
Total 65

2. In a company having 80 employees, 60 earn $ 10.00 per hour and 20 earn $ 13.00 per hour.
Determine the mean earnings per hour?
3. Find the median weight of the 40 male college students at WolaitasodoUniversity by using
the frequency distribution given below.
Weight Frequency
118-126 3
127-135 5
136-144 9
145-153 12
154-162 5
163-171 4
172-180 2
Total 40

4. Calculate the mean deviation and its coefficient from median for the following data.
Sales (birr) thousand
Product A Product B
1996 23 36
1997 41 39
1998 29 36
1999 53 31
2000 38 47

5. The wholesale price of a commodity for seven consecutive days in a month is as follows:
Assignment II for the course “Stat for Management-I from chapter III and IV for BUMA
2nd Year Regular Students
Days: 1 2 3 4 5 6 7
Commodity price/quintal 240 260 270 245 255 286 264
a. Calculate the variance and standard deviation
b. Calculate the coefficient of variation
6. A data set contains the following seven values.
6249135
a. Find the range.
b. Find the mean absolute deviation.
c. Find the population variance.
d. Find the population standard deviation.
e. Find the interquartile range.
f. Find the z score for each value.

7. A data set contains the following eight values.

43052945
a. Find the range.
b. Find the mean absolute deviation.
c. Find the sample variance.
d. Find the sample standard deviation.
e. Find the interquartile range.
8. Compute the mean, the median, and the mode for the following data.
Classf
0–under 239
2–under 427
4–under 616
6–under 8 15
8–under 10 10
10–under 128
12–under 146
9. Compute the mean, the median, and the mode for the following data.
Classf
1.2–under 1.6 220
1.6–under 2.0150
2.0–under 2.4 90
2.4–under 2.8 110
2.8–under 3.2 280

10. Determine the population variance and standard deviation for the following data by using
the original formula.
Classf
20–under 30 7
30–under 40 11
40–under 50 18
Assignment II for the course “Stat for Management-I from chapter III and IV for BUMA
2nd Year Regular Students
50–under 60 13
60–under 706
70–under 80 4
11. a. A batch of 50 parts contains six defects. If two parts are drawn randomly one at a time
without replacement, what is the probability that both parts are defective? b. If this
experiment is repeated, with replacement, what is the probability that both parts are
defective?
12. According to the nonprofit group Zero Population Growth, 78% of the U.S. population
now lives in urban areas. Scientists at Princeton University and the University of
Wisconsin report that about 15% of all American adults care for ill relatives. Suppose that
11% of adults living in urban areas care for ill relatives.
a. Use the general law of multiplication to determine the probability of randomly selecting
an adult from the U.S. population who lives in an urban area and is caring for an ill relative.
b. What is the probability of randomly selecting an adult from the U.S. population who
lives in an urban area and does not care for an ill relative?
c. Construct a probability matrix and show where the answer to this problem lies in the
matrix.
d. From the probability matrix, determine the probability that an adult lives in a nonurban
area and cares for an ill relative.
13. A study by Peter D. Hart Research Associates for the Nasdaq Stock Market revealed that
43% of all American adults are stockholders. In addition, the study determined that 75% of
all American adult stockholders have some college education. Suppose 37% of all
American adults have some college education. An American adult is randomly selected.
a. What is the probability that the adult does not own stock?
b. What is the probability that the adult owns stock and has some college education?
c. What is the probability that the adult owns stock or has some college education?
d. What is the probability that the adult has neither some college education nor owns stock?
e. What is the probability that the adult does not own stock or has no college education?
f. What is the probability that the adult has some college education and owns no stock?
14. Solve for the probabilities of the following binomial distribution problems by using the
binomial formula.
a. If n = 11 and p = .23, what is the probability that x = 4?
b. If n = 6 and p = .50, what is the probability that x 1?
Assignment II for the course “Stat for Management-I from chapter III and IV for BUMA
2nd Year Regular Students
c. If n = 9 and p = .85, what is the probability that x 7?
d. If n = 14 and p = .70, what is the probability that x … 3?

15. Use the Poisson formula to solve for the probabilities of the following Poisson distribution
problems.
a. If l = 1.25, what is the probability that x = 4?
b. If l = 6.37, what is the probability that x 1?
c. If l = 2.4, what is the probability that x 5? 5
16. Solve the following problems by using the binomial formula.
a. If n = 4 and p = .10, find P(x = 3).
b. If n = 7 and p = .80, find P(x = 4).
c. If n = 10 and p = .60, find P(x 7).
d. If n = 12 and p = .45, find P(5 x 7).
17. Solve the following problems by using the binomial tables
. a. If n = 20 and p = .50, find P(x = 12).
b. If n = 20 and p = .30, find P(x 8).
c. If n = 20 and p = .70, find P(x 12).
d. If n = 20 and p = .90, find P(x 16).
e. If n = 15 and p = .40, find P(4 x 9).
f. If n = 10 and p = .60, find P(x 7).
18. Solve for the mean and standard deviation of the following binomial distributions.
a. n = 20 and p = .70 b. n = 70 and p = .35 c. n = 100 and p = .50
19. Determine the probabilities for the following normal distribution problems.
a. = 604, = 56.8, x 635
b. = 48, = 12, x 20
c. = 111, = 33.8, 100 x 150
d. = 264, = 10.9, 250 x 255
e. = 37, = 4.35, x 35
f. = 156, = 11.4, x 170 6.
20. Tompkins Associates reports that the mean clear height for a Class A warehouse in the United
States is 22 feet. Suppose clear heights are normally distributed and that the standard deviation is 4
feet. A Class A warehouse in the United States is randomly selected.
a. What is the probability that the clear height is greater than 17 feet?
b. What is the probability that the clear height is less than 13 feet?
c. What is the probability that the clear height is between 25 and 31 feet?
21. According to a report by Scarborough Research, the average monthly household cellular phone bill
is $60. Suppose local monthly household cell phone bills are normally distributed with a standard
deviation of $11.35.
a. What is the probability that a randomly selected monthly cell phone bill is more than $85?
b. What is the probability that a randomly selected monthly cell phone bill is between $45 and $70?
c. What is the probability that a randomly selected monthly cell phone bill is between $65 and $75?
d. What is the probability that a randomly selected monthly cell phone bill is no more than $40?