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Business Statistics Study Set 1
Exam 6: The Normal Distribution
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Question 1
Essay
The owner of a fish market determined that the mean weight for a catfish is 3.2 pounds with a standard deviation of 0.8 pound.Assuming the weights of catfish are normally distributed, the probability that a randomly selected catfish will weigh more than 4.4 pounds is ?
Question 2
Essay
The amount of tea leaves in a can from a production line is normally distributed with
μ
=
110
\mu = 110
μ
=
110
grams and
σ
=
25
\sigma = 25
σ
=
25
grams.What is the probability that a randomly selected can will containbetween 82 and 100 grams of tea leaves?
Question 3
Essay
SCENARIO 6-4 According to Investment Digest, the arithmetic mean of the annual return for common stocks over an 85-year period was 9.5% but the value of the variance was not mentioned.Also 25% of the annual returns were below 8% while 65% of the annual returns were between 8% and 11.5%.The article claimed that the distribution of annual return for common stocks was bell-shaped and approximately symmetric.Assume that this distribution is normal with the mean given above.Answer the following questions without the help of a calculator, statistical software or statistical table. -Referring to Scenario 6-4, 75% of the annual returns will be lower than what value?
Question 4
Essay
SCENARIO 6-3 A company producing orange juice buys all its oranges from a large orange orchard.The amount of juice that can be squeezed from each of these oranges is approximately normally distributed with a mean of 4.7 ounces and some unknown standard deviation.The company's production manager knows that the probability is 30.85% that a randomly selected orange will contain less than 4.5 ounces of juice.Also, the probability is 10.56% that a randomly selected orange will contain more than 5.2 ounces of juice.Answer the following questions without the help of a calculator, statistical software or statistical table. -Referring to Scenario 6-3, what is the probability that a randomly selected orange will contain between 4.2 and 4.9 ounces of juices?
Question 5
True/False
If a data set is approximately normally distributed, its normal probability plot would be S-shaped.
Question 6
True/False
Theoretically, the mean, median, and the mode are all equal for a normal distribution.
Question 7
Essay
The amount of tea leaves in a can from a production line is normally distributed with
μ
=
110
\mu = 110
μ
=
110
grams and
σ
=
25
\sigma = 25
σ
=
25
grams.What is the probability that a randomly selected can will contain lessthan 100 grams of tea leaves?
Question 8
Essay
The owner of a fish market determined that the mean weight for a catfish is 3.2 pounds with a standard deviation of 0.8 pound.Assuming the weights of catfish are normally distributed, the probability that a randomly selected catfish will weigh less than 2.2 pounds is ?
Question 9
Essay
The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15 minutes and a standard deviation of 2 minutes.The probability isthat a product is assembled in between 16 and 21 minutes.