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Paint Durability. A paint manufacturer in Pittsburgh claims that his paint will last an average of 5 years. Assuming that paint life is normally distributed and has a standard deviation of 0.5 year. answer the following questions:

a. Suppose that you paint one house with the paint and that the paint lasts 4.5 years. Would you consider that evidence against the manufacturer's claim? (Hint: Assuming that the manufacturer's claim is correct, determine the probability that the paint life for a randomly selected house painted with the paint is 4.5 years or less.)

b. Suppose that you paint 10 houses with the paint and that the paint lasts an average of 4.5 years for the 10 houses. Would you consider that evidence against the manufacturer's claim?

c. Repeat part (b) if the paint lasts an average of 4.9 years for the 10 houses painted.

Short Answer

Expert verified

Part (a) Because, assuming the manufacturer's promise is right, the paint life for a randomly picked house painted with this paint is 0.1587

Part (b) Because, assuming the manufacturer's claim is right, the average paint life for ten randomly selected buildings coated with this paint is 0.0008implying that such an event occurs less than 0.1%of the time.

Part (c) Because, assuming the manufacturer's claim is right, the average paint life for ten randomly selected houses painted with this paint is 0.263367, implying that such an event occurs roughly 26% of the time.

Step by step solution

01

Part (a) Step 1: Given information

A Pittsburgh paint maker promises that his paint will last on average 5 years. Paint life is regularly distributed with a 0.5 year standard deviation.

02

Part (a) Step 2: Concept

The formula used:σx¯=σ10

03

Part (a) Step 3: Calculation

Let xbe the paint life (in years) of a randomly selected house.

xis normally distributed, according to the manufacturer, with a mean of μ=5years and a standard deviation ofσ=0.5 years.

Assuming manufacturer's claim is correct,

P(x≤4.5)=Px-μσ≤4.5-μσ=Pz≤4.5-50.5=P(z≤-1)=0.1587

As a result, we cannot use that data to refute the manufacturer's claim in the current scenario. Because, assuming the manufacturer's promise is right, the paint life for a randomly picked house painted with this paint is 0.1587 i.e., such an event would occur about 16% of the time.

04

Part (b) Step 1: Calculation

Let x¯be the mean paint life for 10 randomly selected house. x¯=4.5Years

∴According to manufacturer's claim, x¯~N5,σx¯2

where σx¯=σ10

=0.510=0.158

P(x¯≤4.5)=Px¯-μσx¯≤4.5-μσx¯=Pz≤4.5-50.158=P(z≤-3.165)=0.0008

As a result, we can analyze the evidence against the manufacturer's claim in the current situation. Because, assuming the manufacturer's claim is right, the average paint life for ten randomly selected buildings coated with this paint is 0.0008, implying that such an event occurs less than0.1% of the time.

05

Part (b) Step 2: Calculation

The probability P(z≤-3.165)is calculated using MINITAB in the following way:

Step 1: Press the Calc menu; Highlight the 'Probability Distributions'.

Step 2: Press Normal... ;

Step 3: Tick â–¡Cumulative Probability and enter the given data values

Mean: 0

Standard deviation: 1

Step 4: Tick â–¡Input constant and enter the value -3.165

- Input constant: -3.165

Step 5: Press Ok

06

Part (c) Step 1: Calculation

Given that x¯=4.9Years

According to the manufacturer's claim, x¯~N5,σx¯2, where σx¯=0.158

P(x¯≤4.9)=Px¯-μσx¯≤4.9-μσx¯=Pz≤4.9-50.158=P(z≤-0.633)=0.263367

As a result, we cannot use that data to refute the manufacturer's claim in the current scenario. Because, assuming the manufacturer's claim is right, the average paint life for ten randomly selected houses painted with this paint is 0.263367, implying that such an event occurs roughly 26% of the time.

07

Part (c) Step 2: Calculation

The probability, P(z≤-0.633) is calculated using MINITAB in the follwing way:

Step 1: Press the Calc menu ; Highlight the 'Probability Distributions'.

Step 2: Press Normal... ;¯

Step 3: Tick â–¡ Cumulative Probability and enter the given data values

Mean: 0

Standard deviation: 1

Step 4: Tick â–¡ Input constant and enter the value -0.633

Input constant: -0.633

Step 5: Press Ok

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Each years, Forbers magazine publishes a list of the richest people in the United States. As of September 16, 2013,the six richest Americans and their wealth (to the nearest billion dollars) are as shown in the following table. Consider these six people a population of interest.

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