Concept explainers
Objective:
Business Weekly conducted a survey of recent graduates from the top MBA programs. On the basis of the survey, assume that 80% of the recent graduates annual salary exceeds $55000. Suppose you take a simple random sample of 77 recent graduates.
Note: round all z scores to 2 decimal places and all other numbers to 4 decimal places.
1. Find the probability that less than 90% of the 77 recent graduates have an annual salary exceeding $55000.
2. Beyond representative sampling, what assumptions are needed to satisfy the requirements for this problem?
a) X~normal or n≥30
b) X~binomial and at least 5 successes and failures
c) X~binomial and both npnp and nqnq at least 5
d) X~normal and n≥30
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps with 4 images
- Customers using a self-service soda dispenser take an average of 16 ounces of soda with an SD of 4 ounces. Assume that the amount would be normally distributed. What is the chance that four randomly selected customer takes an average of more than 14 ounces of soda? Write your answer below in 4 decimal places. Answer:arrow_forwardYearly, students are invited to membership in the honor society for your major if their class rank is at least in the 90th percentile for all students in that major. In 2019 you ranked 30 out of 128 students in your major. Will you be invited to membership?arrow_forwardA poll showed that 52.7% of Americans say they believe that life exists elsewhere in the galaxy. What is the probability (in percent form) of randomly selecting someone who does not believe that life exists elsewhere in the galaxy. Please round your answer to one decimal placearrow_forward
- The original question had percentage not probability. So what is the percentage are between 14.7 and 52.7?arrow_forwardAn experiment consists of tossing a fair coin 2 times. Find the probability that the coin will land on tails exactly 1 time. Write your answer as a percent rounded to one decimal place, i.e. 16.8%. Do not include the percent symbol.arrow_forwardThe table summarizes results from 976 pedestrian deaths that were caused by automobile accidents. DriverIntoxicated? Pedestrian Intoxicated? Yes No Yes 61 84 No 246 585 If one of the pedestrian deaths is randomly selected, find the probability that the pedestrian was not intoxicated or the driver was intoxicated.Report the answer as a percent rounded to one decimal place accuracy. You need not enter the "%" symbol.prob =arrow_forward
- A survey of 190 students at a College showed that 108 students studied College Math, 70 studied Statistics, 30 studied both College Math and Statistics. Find the probability that randomly selected student studied College Math or Statistics. Round your answer to two decimal placesarrow_forwardThe table summarizes results from 982 pedestrian deaths that were caused by automobile accidents. Driver Pedestrian Intoxicated? Intoxicated? Yes No Yes 55 85 No 267 575 If one of the pedestrian deaths is randomly selected, find the probability that the pedestrian was intoxicated or the driver was not intoxicated. Report the answer as a percent rounded to one decimal place accuracy. You need not enter the "%" symbol. probarrow_forwardTyped Asap thanksarrow_forward
- The scores on a statewide math exam were normally distributed with ?=74 and ?=8. What proportion of test-takers had a grade between 66 and 88 on the exam?arrow_forwardThe table summarizes results from 985 pedestrian deaths that were caused by automobile accidents. Pedestrian Intoxicated? Driver Intoxicated? Yes No Yes 53 No 246 W intoxicated or the driver was not intoxicated. If one of the pedestrian deaths is randomly selected, find the probability that the pedestrian was not prob Report the answer as a percent rounded to one decimal place accuracy. You need not enter the "%" symbol. = Submit Question Lory R tudio 86°F Sunny Help K F4 % 5 21 T G B A 6 F5 Y H N & 7 F6 U J M 00 * 8 F7 K 75 이 SM 9 F8 L O F9 ? [ F10 + 11 ] F11 F12 Backspace Enter Shift Insert Print Screen Delete Home Scroll Lock End 10:17 AM 6/21/2022 PgUp Pause Break PgDnarrow_forwardwhat is the probability of flipping a coin 112 times and getting heads 3 times? round your answer to the nearest tenth of a percentarrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman