Define thestatisticsterms offollowingyour Own words åndsuitableinexplainexample ofand equallywithpractical lipeप्त्कीMutuallyevents.exclusive eventand itsPoission distributionandStandardNormaland(ii)meanVariance.Normal distributionwith its pdfand(iil)distributionproperties.

Name: Define thestatisticsterms offollowingyour Own words åndsuitableinexpl
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Description: Define thestatisticsterms offollowingyour Own words åndsuitableinexplainexample ofand equallywithpractical lipeप्त्कीMutuallyevents.exclusive eventand itsPoission distributionandStandardNormaland(ii)meanVariance.Normal distributionwith its pdfand(ii

Answered: Define statistics the fellowing tems of…

Math

Statistics

Define statistics the fellowing tems of in Your Own words and explain suitable example with practical lipe प्रत्यी exclusive event সीप and equally Mutually likely events.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.7: Probability

Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...

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The Jamestown Steel Company manufactures and assembles desks and other office equipment at several plants. The weekly production of the Model A325 desk follows a normal probability distribution, with a mean of 200 and a standard deviation of 16. Recently, due to market expansion, new production methods have been introduced and new employees hired. The vice president of manufacturing would like to investigate whether there has been a change in the weekly production of the Model A325 desk. To put it another way, is the mean number of desks produced different from 200 at the 0.01 significance level? If the VP took a sample of new production, where he took the data for 50 weeks and found the average production to be 203.5 desks, what would you conclude?
A construction company in Naples, Florida, is struggling to sell condominiums. In order to attract buyers, the company has made numerous price reductions and better financing offers. Although condominiums were once listed for $300,000, the company believes that it will be able to get an average sale price of $210,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $15,000. What is the probability that the condominium will sell at a price a. Below $200,000? b. Above $240,000?
The port of South Louisiana, located along 54 miles of the Mississippi River between NewOrleans and Baton Rouge, is the largest bulk cargo port in the world. The U.S. Army Corpsof Engineers reports that the port handles a mean of 4.5 million tons of cargo per week (USatoday, September 25, 2012). Assume that the number of tons of cargo handled per week isnormally distributed with a standard deviation of .82 million tons.a. what is the probability that the port handles less than 5 million tons of cargo per week?b. what is the probability that the port handles 3 or more million tons of cargo per week?
The port of South Louisiana, located along 54 miles of the Mississippi River between NewOrleans and Baton Rouge, is the largest bulk cargo port in the world. The U.S. Army Corpsof Engineers reports that the port handles a mean of 4.5 million tons of cargo per week (USatoday, September 25, 2012). Assume that the number of tons of cargo handled per week isnormally distributed with a standard deviation of .82 million tons.a. what is the probability that the port handles less than 5 million tons of cargo per week?
A certain pharmacy sells facemask by the box. Since the pandemic, the demand for these facemasks can be modeled using a normal curve and the average number of boxes sold on a typical day is 140 boxes with a standard deviation of 24 boxes. If the pharmacy has 190 facemask boxes on hand today, what is the probability that they have an adequate stock for the day?
Alberti Abbasi, VP of Operations at Ingleside International Bank, is evaluating the service level provided to walk-in customers. Accordingly, he plans a sample of waiting times for walk-in customers. If the population of waiting times has a mean of 15 minutes and a standard deviation of 4 minutes, the probability that Albert's sample of 64 will have a mean less than 14 minutes is?