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5.9 Review

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This module provides a number of homework/review exercises summarizing topics related to Discrete Random Variables.

A sociologist wants to know the opinions of employed adult women about government funding for day care. She obtains a list of 520 members of a local business and professional women’s club and mails a questionnaire to 100 of these women selected at random. 68 questionnaires are returned. What is the population in this study?

  • All employed adult women
  • All the members of a local business and professional women’s club
  • The 100 women who received the questionnaire
  • All employed women with children

A

The next two questions refer to the following: An article from The San Jose Mercury News was concerned with the racial mix of the 1500 students at Prospect High School in Saratoga, CA. The table summarizes the results. (Male and female values are approximate.)

Ethnic Group
Gender White Asian Hispanic Black American Indian
Male 400 168 115 35 16
Female 440 132 140 40 14

Find the probability that a student is Asian or Male.

0.5773

Find the probability that a student is Black given that the student is Female.

0.0522

A sample of pounds lost, in a certain month, by individual members of a weight reducing clinic produced the following statistics:

  • Mean = 5 lbs.
  • Median = 4.5 lbs.
  • Mode = 4 lbs.
  • Standard deviation = 3.8 lbs.
  • First quartile = 2 lbs.
  • Third quartile = 8.5 lbs.

The correct statement is:

  • One fourth of the members lost exactly 2 pounds.
  • The middle fifty percent of the members lost from 2 to 8.5 lbs.
  • Most people lost 3.5 to 4.5 lbs.
  • All of the choices above are correct.

B

What does it mean when a data set has a standard deviation equal to zero?

  • All values of the data appear with the same frequency.
  • The mean of the data is also zero.
  • All of the data have the same value.
  • There are no data to begin with.

C

The statement that best describes the illustration below is:

Horizontal boxplot starting with a dashed line and ending with one whisker on the right.

  • The mean is equal to the median.
  • There is no first quartile.
  • The lowest data value is the median.
  • The median equals ( Q1 + Q3 ) 2 size 12{ { { size 8{ \( Q1+Q3 \) } } over { size 8{2} } } } {}

C

A “friend” offers you the following “deal.” For a $10 fee, you may pick an envelope from a box containing 100 seemingly identical envelopes. However, each envelope contains a coupon for a free gift.

  • 10 of the coupons are for a free gift worth $6.
  • 80 of the coupons are for a free gift worth $8.
  • 6 of the coupons are for a free gift worth $12.
  • 4 of the coupons are for a free gift worth $40.

Based upon the financial gain or loss over the long run, should you play the game?

  • Yes, I expect to come out ahead in money.
  • No, I expect to come out behind in money.
  • It doesn’t matter. I expect to break even.

B

The next four questions refer to the following: Recently, a nurse commented that when a patient calls the medical advice line claiming to have the flu , the chance that he/she truly has the flu (and not just a nasty cold) is only about 4%. Of the next 25 patients calling in claiming to have the flu , we are interested in how many actually have the flu .

Define the Random Variable and list its possible values.

X size 12{X} {} = the number of patients calling in claiming to have the flu , who actually have the flu . X size 12{X} {} = 0, 1, 2, ...25

State the distribution of X size 12{X} {} .

B ( 25 , 0 . 04 ) size 12{B \( "25",0 "." "04" \) } {}

Find the probability that at least 4 of the 25 patients actually have the flu .

0.0165

On average, for every 25 patients calling in, how many do you expect to have the flu ?

1

The next two questions refer to the following: Different types of writing can sometimes be distinguished by the number of letters in the words used. A student interested in this fact wants to study the number of letters of words used by Tom Clancy in his novels. She opens a Clancy novel at random and records the number of letters of the first 250 words on the page.

What kind of data was collected?

  • qualitative
  • quantitative - continuous
  • quantitative – discrete

C

What is the population under study?

All words used by Tom Clancy in his novels

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Elementary statistics. OpenStax CNX. Dec 30, 2013 Download for free at http://cnx.org/content/col10966/1.4
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