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stira [4]
3 years ago
15

A manufacturer of industrial solvent guarantees its customers that each drum of solvent they ship out contains at least 100 lbs

of solvent. Suppose the amount of solvent in each drum is normally distributed with a mean of 101.8 pounds and a standard deviation of 3.76 pounds.
Required:
a. What is the probability that a drum meets the guarantee? Give your answer to four decimal places.
b. What would the standard deviation need to be so that the probability a drum meets the guarantee is 0.99?
Mathematics
1 answer:
vekshin13 years ago
3 0

Answer:

The answer is "0.6368 and 0.773".

Step-by-step explanation:

The manufacturer of organic compounds guarantees that its clients have at least 100 lbs. of solvent in every fluid drum they deliver. X\ is\ N(101.8, 3.76)\\\\P(X>100) =P(Z> \frac{100-101.8}{3.76}=P(Z>-0.47))

For point a:

Therefore the Probability =0.6368  

For point b:

P(Z\geq \frac{100-101.8}{\sigma})=0.99\\\\P(Z\geq \frac{-1.8}{\sigma})=0.99\\\\1-P(Z< \frac{-1.8}{\sigma})=0.99\\\\P(Z< \frac{-1.8}{\sigma})=0.01\\\\z-value =0.01\\\\area=-2.33\\\\ \frac{-1.8}{\sigma}=-2.33\\\\ \sigma= \frac{-1.8}{-2.33}=0.773

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Step-by-step explanation:

She bought a prepaid card ($25)

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3 years ago
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Step-by-step explanation:

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Suppose a NBA basketball player has 5% chance of picking up a foul every minute he plays. What is the probability that he will p
alukav5142 [94]

Answer:

He wont foul out with probability 0.9093

Step-by-step explanation:

The total number of fools he picked is a Binomial ditribution noted by X with parameters p = 0.05 and N = 48. The mean of this random variable is μ = np = 48*0.05 = 2.4 and the variance is σ² = np(1-p) = 2.4*0.95 = 2.28, hence its standard deviation is σ = √2.28 = 1.51.

Note that, if approximate probability is asked, we could just approximate X with a Normal random variable with mean 2.4 and standard deviation 1.51 (this can be done because of the central limit theorem). We will calculate the probability manually. He wont foul out if he picks 0,1,2,3 or 4 fouls, thus

P(X \leq 4) = P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4) \\= 0.95^{48}+48*0.95^{47}*0.05+{48 \choose 2}*0.95^{46}*0.05^2+\\{48 \choose 3}*0.95^{45}*0.05^3+{48 \choose 4}*0.95^{44}*0.05^4 \\= 0.085+0.215+0.266+0.215+0.127 = 0.9093

As a consecuence, he wont foul out with probability 0.9093.

8 0
3 years ago
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Answer:

Results are below.

Step-by-step explanation:

Giving the following information:

Monthly deposit= $100

Interest rate= 0.06/12= 0.005

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<u>a)</u>

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {100*[(1.005^60) - 1]} / 0.005

FV= $6,977

b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

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