A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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- e) Suppose that weekly household expenditures on petrol are normally distributed, with a mean of $120 and a standard deviation of $50. i. A family is randomly selected. Find the probability that this family spends more than $245 per week on petrol? A 2.5 B 0.0062 C 0.9938 D 0.0202 ii. The government wants to promote public transport and will award a prize to the families who spend the lowest amount on petrol. If the government only wants to give a prize to 10% of households, what is the most that a family is allowed to spend on petrol each week to obtain the prize? A $56 B $184 C $3.50 D $217.60 In a sample of 25 families, what is the probability that the average weekly expenditure on petrol will be less than $105? ii. A 0.0668 B 0.9332 C 0.3821 D 0.6179arrow_forward1. Service time for a customer coming through a checkout counter in a retail store is a random variable with the mean of 10.0 minutes and standard deviation of 4.0 minutes. Suppose that the distribution of service time is fairly close to a normal distribution. Suppose there are two counters in a store, n₁ = 41, customers in the first line and m₂ = 51 customers in the second line. Find the probability that the difference between the mean service time for the shorter line and the mean service time for the longer X₂ one ¹2 is more than 0.4 minutes. Assume that the service times for each customer can be regarded as independent random variables.arrow_forwardA simple random sample of 64 observations was taken from a large population. The population standard deviation is 120. The sample mean was determined to be 320. The standard error of the mean is _____.arrow_forward
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:PEARSON