Stats Refr
Stats Refr
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From the Household Expenditure Statistics: Year Ended
30 June 2016 (Statistics New Zealand, <www.stats.govt.nz>),
the average weekly household expenditure in New Zealand
was $1,300.
Assuming that weekly household expenditure is
approximately normal with a standard deviation of $350:
Questions:
a) Find the probability that a household’s weekly expenditure is
i) less than $500
ii) more than $1,750
b) What proportion of household expenditures are between
$1,250 and $1,500?
c) 99% of households have weekly expenditures of less than
which amount?
d) 95% of households have weekly expenditures of more than
which amount?
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The lifespan of a certain car battery is normally distributed with
a mean of 5 years and a standard deviation of 9 months.
Questions:
a. What is the probability that a battery lasts more than 7 years?
b. What proportion of batteries fail within the warranty period
of 3 years?
c. What warranty period, in months, should be set if only 1%
of batteries fail within the warranty period?
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Sampling:
CHECKING YOUR UNDERSTANDING:
1- Why is the sample mean an unbiased estimator of the
population mean?
2- Why does the standard error of the mean decrease as the
sample size n increases?
3- Why does the sampling distribution of the mean follow a
normal distribution for a large enough sample size even
though
the population may not be normally distributed?
4- What is the difference between a probability distribution
and a
sampling distribution?
5- Under what circumstances does the sampling distribution
of
the proportion approximately follow the normal distribution?
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Assume that, for the first quarter (3 months) of 2017, the weekly
rental
costs of three-bedroom dwellings in a coastal town in Western
Australia are normally distributed with a mean of $260 and a
standard deviation of $30. If you select a random sample of 10
dwellings from this population, what is the probability that
Questions:
the sample will have a mean rental cost:
a. less than $270?
b. between $265 and $275?
c. greater than $282?
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The fill amount of milk in plastic containers is normally
distributed with a mean of 2.0 litres and a standard deviation
of 0.05 litres.
Questions:
If you select a random sample of 25 containers:
a. What is the probability that the sample mean will be:
i. between 1.99 and 2.0 litres?
ii. below 1.98 litres?
iii. above 2.01 litres?
b. The probability is 99% that the sample mean will contain at
least how much milk?
c. The probability is 99% that the sample mean will contain an
amount that is between which two values (symmetrically distributed
around the mean)?
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Confident Interval