× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
z
4
n
4
t
4
k
3
x
3
r
3
m
3
j
3
c
3
l
3
e
3
s
2
New Topic  
ajricherson09 ajricherson09
wrote...
Posts: 7
Rep: 1 0
9 years ago
A popular retail store knows that the purchase amounts by its customers is a random variable that follows a normal distribution with a mean of $30 and a standard deviation of $9.

What is the probability that a randomly selected customer will spend $30 or more at this store? Place your answer, rounded to 4 decimal places, in the blank. For example, 0.3456 would be a legitimate entry

The percent defective for parts produced by a manufacturing process is targeted at 4%. The process is monitored daily by taking samples of sizes n = 160 units. Suppose that today’s sample contains 14 defectives.

Determine a 95% confidence interval for the proportion defective for the process today.

Place your LOWER limit, rounded to 3 decimal places, in the first blank. For example, 0.123 would be a legitimate answer. 

Place your UPPER limit, rounded to 3 decimal places, in the second blank. For example, 0.345 would be a legitimate entry. 

Read 2105 times
3 Replies

Related Topics

Replies
wrote...
Educator
9 years ago
A popular retail store knows that the purchase amounts by its customers is a ran
ajricherson09 Author
wrote...
9 years ago
Thank you, I ended up entering .50 since my mean was $30 and the chance that someone would spend $30 or more could be 50%
wrote...
9 years ago Edited: 9 years ago, metal_zelda
Thank you, I ended up entering .50 since my mean was $30 and the chance that someone would spend $30 or more could be 50%
The modifier is "or more," which makes this answer highly unlikely. The procedure detailed in bio_man's post is one of many ways of dealing with the probability density of normal distributions.

Edit: Oops, misread the question in the linked post. You aren't given an interval, so you'd probably need to do tail probability.
Post Merge: 9 years ago

.
Post Merge: 9 years ago

Actually, I changed my mind on this one-- 50% seems reasonable
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  413 People Browsing
 104 Signed Up Today
Related Images
  
 312
  
 341
  
 230
Your Opinion
How often do you eat-out per week?
Votes: 81