(a) Given a random varniable X which is normally distributed with mean 15 and standard deviation 10, find: i. P(X< 20) ii. P(X>12) ii. P(12

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
1. (a) Given a random variable X which is normally distributed with mean 15 and
standard deviation 10, find:
i. P(X< 20)
ii. P(X>12)
iii. P(12 <X< 20)
b. Solve the equations simultaneously using Cramer's Rule
x - 2y - 3z = 0
3x + 5y + 2z =0
2x + 3y - z = 2
2. Two in 10 marketing strategies randomly sampled are known to be ineffective in a
banking sector.
a. Calculate the probability that in a sample of 6 marketing strategies employed
in the banking sector:
i. None are ineffective
ii. More than half are ineffective
b. Find the:
i. Expected number of ineffective strategies, and
ii. Standard deviation of ineffective strategies used in the banking sector.
3. A stock market analysis claims that the average annual retum in the Aviation sector is
12%. The Business consultant want to test whether this claim is true. The Business
consultant collected a random sample of 36 stocks in the Aviation sector and that the
average annual return is 10% with a standard deviation of 3%. Use a 5% level of
significance to test the analyst's claim.
Transcribed Image Text:1. (a) Given a random variable X which is normally distributed with mean 15 and standard deviation 10, find: i. P(X< 20) ii. P(X>12) iii. P(12 <X< 20) b. Solve the equations simultaneously using Cramer's Rule x - 2y - 3z = 0 3x + 5y + 2z =0 2x + 3y - z = 2 2. Two in 10 marketing strategies randomly sampled are known to be ineffective in a banking sector. a. Calculate the probability that in a sample of 6 marketing strategies employed in the banking sector: i. None are ineffective ii. More than half are ineffective b. Find the: i. Expected number of ineffective strategies, and ii. Standard deviation of ineffective strategies used in the banking sector. 3. A stock market analysis claims that the average annual retum in the Aviation sector is 12%. The Business consultant want to test whether this claim is true. The Business consultant collected a random sample of 36 stocks in the Aviation sector and that the average annual return is 10% with a standard deviation of 3%. Use a 5% level of significance to test the analyst's claim.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman