/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 66 At a traveling carnival, a popul... [FREE SOLUTION] | 91影视

91影视

At a traveling carnival, a popular game is called the 鈥淐ash Grab.鈥 In this game, participants step into a sealed booth, a powerful fan turns on, and dollar bills are dropped from the ceiling. A customer has 30 seconds to grab as much cash as possible while the dollar bills swirl around. Over time, the operators of the game have determined that the mean amount grabbed is \(13 with a standard deviation of \)9. They charge \(15 to play the game and expect to have 40 customers at their next carnival.

a. What is the probability that an SRS of 40 customers grab an average of \)15 or more?

b. How much should the operators charge if they want to be 95% certain that the mean amount grabbed by an SRS of 40 customers is less than what they charge to play the game?

Short Answer

Expert verified

a. The resultant probability is 7.93 %

b. The charges should be made by the company is $15.34

Step by step solution

01

Part (a) Step 1: Given Information

The mean is =13and standard deviation is =9

The number of customers

The sample mean x=15

The following concept was used:

z=xxx

02

Part (a) Step 2: Calculations

The sampling distribution of the sample mean xis also normal because the population distribution is normal.

Z-score is z=xxx=xn=1513940=1.41

Using the normal probability, the associating probability is calculated.

PZ<1.41is typical normal probability table in the appendix has a row beginning with 1.4 and a column beginning with .01.

PX15=PZ>1.41=1PZ<1.41=10.9207=0.0793=7.93%

03

Part (b) Step 1: Given Information

The mean is =13and standard deviation is=9

The number of customers n=40

PXx=95%

The following concept was used:

z=xxx

04

Part (b) Step 2: Calculations

Determine the z-score that corresponds to a probability of 95 percent or 0.95 in the normal probability table and The probability 0.95 lies exactly between 0.9495 and 0.9505, where the z-scores 1.64 and 1.64 correspond to the probability 0.95, which is 1.645.

z=1.645

Z-score is z=xxx=xn=1513940=1.41

The z-two score's found expressions must then be equal:

x13940=1.645

Each side should be multiplied by a 940

x13=1.645940

To each side, add 13:

x+13=1.645940

Determine:

x=15.34

As a result, the business should charge is 15.34

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Predict the election A polling organization plans to ask a random sample of likely voters who they plan to vote for in an upcoming election. The researchers will report the sample proportion p that favors the incumbent as an estimate of the population proportion pthat favors the incumbent. Explain to someone who knows little about statistics what it means to say that pis an unbiased estimator of p.

The manufacturer of a certain brand of aluminum foil claims that the amount of foil on each roll follows a Normal distribution with a mean of 250 square feet (ft2 ) and a standard deviation of 2 ft2 . To test this claim, a restaurant randomly selects 10 rolls of this aluminum foil and carefully measures the mean area to bex=249.6ft2.

a. Find the probability that the sample mean area is 249.6ft2or less if the manufacturer鈥檚 claim is true.

b. Based on your answer to part (a), is there convincing evidence that the company is overstating the average area of its aluminum foil rolls?

A large company is interested in improving the efficiency of its customer service and decides to examine the length of the business phone calls made to clients by its sales staff. Here is a cumulative relative frequency graph from data collected over the past year. According to the graph, the shortest 80%of calls will take how long to complete?

a. Less than 10 minutes

b. At least 10 minutes

c. Exactly 10 minutes

d. At least 5.5minutes

e. Less than 5.5minutes

10%Why is it important to check the 10 % condition before calculating probabilities involving localid="1654670795605">x-?

a. To reduce the variability of the sampling distribution of x-x

b. To ensure that the distribution of x-xis approximately Normal

c. To ensure that we can generalize the results to a larger population

d. To ensure that x-xwill be an unbiased estimator of

e. To ensure that the observations in the sample are close to independent

Sample minimums List all 10possible SRSs of size n=3, calculate the minimum quiz score for each sample, and display the sampling distribution of the sample minimum on a dotplot.

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.