The move to online instruction that was forced on universities by COVID has introduced considerable uncertainty in demand for face to face instruction. A business school is trying to decide how many face to face sections of an introductory accounting course need to be offered in the coming semester, and has come up with the following probability distribution for demand. Number of students who will choose to attend in person (x) Prob(x) 200 .10 250 .20 300 .40 350 .15 400 .15 a. Is this a valid probability distribution? Why or why not? b. What is the expected value and standard deviation of the number of students who will choose to attend in person? c. Would you say the distribution above obeys the empirical rule? Justify briefly either way. d. Regardless of whether you answered yes or no to (c), assume the empirical rule applies. If you were the accounting department chair, what range of values of x would you use to plan how many face-to-face sections to offer? Justify briefly.
The move to online instruction that was forced on universities by COVID has introduced
considerable uncertainty in demand for face to face instruction. A business school is trying to decide
how many face to face sections of an introductory accounting course need to be offered in the coming
semester, and has come up with the following probability distribution for demand.
Number of students who will choose to
attend in person (x) Prob(x)
200 .10
250 .20
300 .40
350 .15
400 .15
a. Is this a valid probability distribution? Why or why not?
b. What is the expected value and standard deviation of the number of students who will choose to
attend in person?
c. Would you say the distribution above obeys the
d. Regardless of whether you answered yes or no to (c), assume the empirical rule applies. If you
were the accounting department chair, what
many face-to-face sections to offer? Justify briefly.
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 5 images
