1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ket [755]
2 years ago
11

Seventy new jobs are opening up at an automobile manufacturing plant, and 1000 applicants show up for the 70 positions. To selec

t the best 70 from among the applicants, the company gives a test that covers mechanical skill, manual dexterity, and mathematical ability. The mean grade on this test turns out to be 60, and the scores have a standard deviation of 6. Can a person who scores 84 count on getting one of the jobs? [Hint: Use Chebyshev’s theorem.] Assume that the distribution is symmetric about the mean
Business
1 answer:
777dan777 [17]2 years ago
3 0

Answer:

  • <em>As explained below, given that the score of the person is among the 0.03125 fraction of the best applicants, </em><u><em>he can count on getting one of the jobs.</em></u>

<em></em>

Explanation:

The hint is to use <em>Chebyshev’s Theorem.</em>

Chebyshev’s Theorem applies to any data set, even if it is not bell-shaped.

Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean.

For this sample you have:

  • mean: 60
  • standard deviation: 6
  • score: 84

The number of standard deviations that 84 is from the mean is:

  • k = (score - mean) / standar deviation
  • k = (84 - 60) / 6 = 24 / 6 = 4

Thus, the score of the person is 4 standard deviations above the mean.

How good is that?

Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean. For k = 4, that is:

  • 1 - 1/4² = 1 - 1/16 = 0.9375

  • That means that half of 1 - 0.9375 are above k = 4: 0.03125

  • Then, 1 - 0.03125 are below k = 4: 0.96875

Since there are 70 positions and 1,000 aplicants, 70/1,000 = 0.07. The compnay should select the best 0.07 of the applicants.

Given that the score of the person is among the 0.03125 upper fraction of the applicants, this person can count of geting one of the jobs.

You might be interested in
In the small country of Economerica, there are 6 thousand people employed, 1 thousand people unemployed, and 3 thousand people o
irakobra [83]

Answer: B. 20.00%

Explanation:

Unemployment rate does not include those who have given up on finding a job.

Unemployment rate = Unemployed people / Labor force

Unemployed people:

= Original unemployed + half the new graduates

= 1,000 + (1,000 / 2)

= 1,500 people

Labor force:

= Unemployed + employed people

= 1,500 + 6,000

= 7,500 people

Unemployment rate:

= 1,500 / 7,500

= 20%

3 0
2 years ago
In what order must the three key financial statements be prepared?
ra1l [238]

Answer:

D. income statement, statement of owner's equity, balance sheet is the correct answer.

Explanation:

6 0
3 years ago
Which of the following best
snow_tiger [21]

Answer:

Umm c

Explanation:

7 0
2 years ago
Selling a product abroad for less than the cost of production is referred to as
sweet-ann [11.9K]
The answer would be A because they are basically dumping  the product on the other country
3 0
3 years ago
For Bonita Sports Corporation, year-end plan assets were $4,250,000. At the beginning of the year, plan assets were $3,974,000.
OverLord2011 [107]

Answer:

Explanation:

Year-end plan assets were $4,250,000

At the beginning of the year, plan assets were $3,974,000

So Actual Return on Plan Assets = (4,250,000 - 3,974,000) - (420,000 - 365,000)

Actual Return on Plan Assets = 276,000 - (55,000)

Actual Return on Plan Assets = 221,000

6 0
3 years ago
Other questions:
  • A bond portfolio and a stock portfolio both provided an unrealized pretax return of 8% to a taxable investor. If the stocks paid
    15·1 answer
  • Microsoft and a smaller rival often have to select from one of two competing technologies, A and B. The rival always prefers to
    5·1 answer
  • How to watch my mobile number​
    13·1 answer
  • Lester lent money to The Corner Store by purchasing bonds issued by the store. The rate of return that he and the other lenders
    14·1 answer
  • Seaburst Construction Project You are the project manager for the Seaburst construction project. So far the proj- ect is progres
    13·1 answer
  • During the 1990s, consumers started to drink bottled water instead of soft drinks. The Coca-Cola Company and PepsiCo decided to
    8·1 answer
  • Plz answer this not trying to be rude plz
    8·1 answer
  • 1.
    13·1 answer
  • Make a list of the skills that would be important for someone pursuing a career in each cluster in your unit. Then compare to se
    8·2 answers
  • The kitchen workers at Joe's Coffee Shop and Bakery report directly to Sue, the kitchen manager. Sue is a ________ manager.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!