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Vadim26 [7]
3 years ago
5

Suppose that attendance at the concerts by the band "Keane" is a normally distributed random variable X with a mean of 18,500. Y

ou are told that P(X ≥ 15,000) = 0.6981. What are the two values of X that delineate the "82% middle pack" of this random variable?
A random variable has a population mean equal to 1,973 and population variance equal to 892,021. Your interest lies in estimating the population mean of this random variable. With that in mind, you take a representative sample of size 79 from the population of the random variable. You then use this sample data to calculate the sample average as an estimate for the population mean.

Required:
Using your knowledge about the central limit theorem (CLT), and assuming that the CLT has already "established itself" / "kicked in" when the sample size is 79, what is the probability that the sample average that you calculated will lie between 1,702 and 1,948?
Mathematics
1 answer:
Fed [463]3 years ago
7 0

Answer:

The two values of X that delineate the "82% middle pack" of this random variable are 9480 and 27520.

0.4017 = 40.17% probability that the sample average that you calculated will lie between 1,702 and 1,948.

Step-by-step explanation:

To solve the first question, we use the normal distribution, while for the second quetion, it is used with the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean \mu and standard deviation \sigma, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean \mu and standard deviation s = \frac{\sigma}{\sqrt{n}}.

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

First question:

Mean of 18,500:

This means that \mu = 18500

You are told that P(X ≥ 15,000) = 0.6981.

This means that when X = 15000, Z has a o-value of 1 - 0.6981 = 0.3019, which means that when X = 15000, Z = -0.52. We use this to find \sigma. So

Z = \frac{X - \mu}{\sigma}

-0.52 = \frac{15000 - 18500}{\sigma}

0.52\sigma = 3500

\sigma = \frac{3500}{0.52}

\sigma = 6731

What are the two values of X that delineate the "82% middle pack" of this random variable?

Between the 50 - (82/2) = 9th percentile and the 50 + (82/2) = 91st percentile.

9th percentile:

X when Z has a p-value of 0.09, so X when Z = -1.34.

Z = \frac{X - \mu}{\sigma}

-1.34 = \frac{X - 18500}{6731}

X - 18500 = -1.34*6731

X = 9480

91st percentile:

X when Z has a p-value of 0.91, so X when Z = 1.34.

Z = \frac{X - \mu}{\sigma}

1.34 = \frac{X - 18500}{6731}

X - 18500 = 1.34*6731

X = 27520

The two values of X that delineate the "82% middle pack" of this random variable are 9480 and 27520.

Question 2:

A random variable has a population mean equal to 1,973 and population variance equal to 892,021.

This means that \mu = 1973, \sigma = \sqrt{892021} = 944.5

Sample of 79:

This means that n = 79, s = \frac{944.5}{\sqrt{79}}

What is the probability that the sample average that you calculated will lie between 1,702 and 1,948?

This is the p-value of Z when X = 1948 subtracted by the p-value of Z when X = 1702. So

X = 1948

Z = \frac{X - \mu}{\sigma}

By the Central Limit Theorem

Z = \frac{X - \mu}{s}

Z = \frac{1948 - 1973}{\frac{944.5}{\sqrt{79}}}

Z = -0.235

Z = -0.235 has a p-value of 0.4071

X = 1702

Z = \frac{X - \mu}{s}

Z = \frac{1702 - 1973}{\frac{944.5}{\sqrt{79}}}

Z = -2.55

Z = -2.55 has a p-value of 0.0054

0.4071 - 0.0054 = 0.4017

0.4017 = 40.17% probability that the sample average that you calculated will lie between 1,702 and 1,948.

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Explanation:

For this kind of proble it is very important that you attach the figure because it contains important information to understand the question.

I have attached the figure for better understanding.

1) The top portion (and the bottom is congruent but rotated 180°) of the hourglass is a figure equivalent to a cylinder on top and a cone on bottom.

So the total volume contained in the top portion is the volume of a cylinder + the volume of a cone.

This is how you calculate the volume of the top portion:

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2) The formula for the volume of a cylinder is V = π (radius)^2 * height

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=> V = π(8mm)^2 * 36 mm = 2304π (mm)^3

3) The formula for the volume of a cone is V = (1/3)π(radius)^2 * height

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V = (1/3)π(8mm)^2 * 18 mm = 384π (mm)^3

4) The total volume of the top portion is volumen of the cylindrical part + voume of the cone:

Total voluem = 2304π (mm)^3 + 384π (mm)^3 = 2688π (mm)^3

5) To find the number of seconds <span>it take until all of the sand has dripped to the bottom of the hourglass you have to divide the total volumen of sand by the rate:

time in seconds = total volume of sand / rate of dripping

time in seconds = [2688 π (mm)^3 ] / [10π (mm)^3 / s] = 268.8 s

That is the answer: 268.8 s
</span>

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