Question

In the data set ( joined file), Use the July#Sales ( column F) variable for this exercise. Suppose someone claims the population mean is 23, and the standard deviation is 4.5

PART 1 - For now, you assume both of the claims about the population are correct.

1a. Given the assumed pop. mean and st.dev, calculate the probability of observing a value above the number for your first data point in your file.
1b. Suppose you collected 8 new data points in a new sample. Calculate the probability that the mean of these 8 new data points is above the number for your first data point in your file.
1c. If this is a normally distributed variable, above what value should you find 70% of data points? How many of the values from your data set are above this value?
1d. If this is a normally distributed variable, between what two numbers (centered around the assumed mean) should you find 68% of data points? What percentage of your data points are between these numbers?
1e. Think about your answers to 1c and 1d. Does this variable appear to be normally distributed with this mean and standard deviation?

1 AssociatelDJuneCustom June#Sales June$Sales JulyCustomers July#Sales 2 005 3 006 4 008 5 010 6 012 7 013 8 014 9 018 10 020NNYYYYYYNYYYYYYYYYYYYNYNY ESNSNNN 800089350055080068 238117077275712315 8115460 1259757 33732 3322213124334633223162421 14556

C0 Evaluations of Sales Associates at an Industrial Machinery Wholesaler AssociatelD Sales associates company identification

1 AssociatelDJuneCustom June#Sales June$Sales JulyCustomers July#Sales 2 005 3 006 4 008 5 010 6 012 7 013 8 014 9 018 10 020 11 022 12 026 13 027 14 030 15 034 16 035 17 037 18 040 19 042 20 044 21 045 22 052 23 056 24 057 25 059 26 062 27 063 28 070 29 071 0 072 July$Sales Region JuneTraining 27646 33240 25410 33580 16427 29732 44708 29110 15332 14902 21188 10558 9570 31182 30434 18276 41840 25580 41310 13000 24760 52240 S 60974 S 24065 W 27680 N 36652 S 19070 N 18660 S 42034 N 19856 W 28635 S 11450 W 37195 S 25272 W 20902 S 40131 N 43535 W 44916 N 50130 S 14332 S 23308 E 26170 W 31958 S 25088 N 4319 S 22205 S 26365 W 36326 W 48841 W 33828 E 18 39 13 19 13 12 10 39 27 12 49 10 18 21 15 31476 37051 12951 19640 34886 49957 17390 38 25 18 27 39 28 10 49
NNYYYYYYNYYYYYYYYYYYYNYNY ESNSNNN 800089350055080068 238117077275712315 8115460 1259757 33732 3322213124334633223162421 1455631745176600610275407 3221113112212322122132211 9968189558739226345221579 4332433223332424334354521 06167666050568410 838720735417972 321 7313338 132231 193325137768812 459227511312646 112523122 213 0836919405456823402669751 11211 1222221 2 8373464517218289010869612 2223233323242222343223132 5689012379 8888999999 2581 123690 111-12 0123456789 567890123 444445555 2
C0 Evaluations of Sales Associates at an Industrial Machinery Wholesaler AssociatelD Sales associate's company identification number JuneCustomers Number of customers associate met with during June June#Sales-Number of sales placed by associate during June JuneSSales Total amount, in dollars, of associate's sales during June JulyCustomers Number of customers associate met with during July July#Sales = Number of sales placed by associate during July JulySSales Total amount, in dollars, of associate's sales during July Region Location of Employee's Store: North, South, East, or West JuneTraining Whether or not associate completed a sales training program at the end of June
0 0
Add a comment Improve this question Transcribed image text
Answer #1

a)

4.5 μ = 23, σ P(X > 32) =? X- 11 32-23 . P(z > 2) = 0.02275

b)

μ 23, σ 4.5, n = 8 P(X > 32) =? P(X > 32) = P(X-μ > 32-23) P(z > 5.65) = 0 一,1 ..

c)

11 23.ơ 4.5 P(X > x1) = 0.70.2.1 =? We know from standard normal table P(Z >-0.5244) = 0.70 1 -23 4.50.5244 r10.5244 * 4.5232

So above 20.64, we will have 70% of the data.

We have 31 data points above this value, which is 57.4 %

d)

P(z! < X < x2) = 0.68,T1,T2 =? We know from standard normal table -0.9945 < Z < 0.9945) = 0.68 -23 =-0.9945 45 0.9945 ri =ー0.

We have 25 data points within this interval in our data set, which is 46.29%

e)

Given our values in the above two parts and the proportion of values that are in those intervals, its seems hard to believe that the data follows a normal distribution.

Below is the data of July $sales.

July$Sales
10
10
12
13
13
13
14
14
14
15
15
16
16
16
17
17
17
17
20
20
20
20
21
21
21
21
22
22
23
24
24
25
25
25
25
25
25
26
26
26
26
27
27
29
29
29
31
31
32
35
36
36
37
Add a comment
Know the answer?
Add Answer to:
In the data set ( joined file), Use the July#Sales ( column F) variable for this exercise. Suppos...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • PART 3 - Create a confidence interval for a proportion.   Drug Trial Data - Investigate the...

    PART 3 - Create a confidence interval for a proportion.   Drug Trial Data - Investigate the proportion of married patients. Quality Control Data - Investigate the proportion of chips chosen while Kelly was managing the factory. Employee Evaluation Data - Investigate the proportion of employees in the north region. 3a. Write a reason why you would want to estimate this population proportion. 3b. State the sample size, n, and the sample proportion, "p bar" (p with a line over it)....

  • This is a big task. Need in 1hour 30min, ONLY NEED: 1D, 1E, 3B, 3C, 3D PART 1 - For now, you ass...

    This is a big task. Need in 1hour 30min, ONLY NEED: 1D, 1E, 3B, 3C, 3D PART 1 - For now, you assume both of the claims about the population are correct. 1a. Given the assumed pop. mean and st.dev, calculate the probability of observing a value above the number for your first data point in your file. 1b. Suppose you collected 8 new data points in a new sample. Calculate the probability that the mean of these 8 new...

  • Basic Tools Exercise - Excel Search A simran rajbhandari SR х AutoSave On HUB File Home...

    Basic Tools Exercise - Excel Search A simran rajbhandari SR х AutoSave On HUB File Home Insert Draw Page Layout Formulas Data Review View Help Share Comments AutoSum Calib AA a wrap Text General SEX 47 4 Hill Waste [Copy Format Painter BTU Insert Delete Format Ideas ES + Merge & Center $ - % 4000 000 Conditional Format as Cell Formatting Table Styles Clear Sort & Find & Filter v Select Editing cipboard Fort Alignment Number Style: Cels Ideas...

  • AutoSave ExcelTemplateAssignment Cho1 (1) - Protected View Ex. File Home Insert Draw Page Layout Formulas Data...

    AutoSave ExcelTemplateAssignment Cho1 (1) - Protected View Ex. File Home Insert Draw Page Layout Formulas Data Review View Нelp QuickBooks O PROTECTED VIEW Be careful-files trom the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing G35 1 P1-4A Prepare a cost of goods manufactured schodule, a partial income statement, and a partial balance sheet 2. 3 The following data were taken from the records of Clarkson Company for the fiscal...

  • 1. Use 2019 actual data to complete the 2019 Actual column incorporated with the budget and...

    1. Use 2019 actual data to complete the 2019 Actual column incorporated with the budget and variance analysis tab. 2. Complete the 2020 Flexible Budget column incorporated with the budget and variance analysis tab. The flexible budget includes several changes to the data. The changes are listed in the Excel file / Instructions Tab. 3. Compute variances. 4. Explain the variances. 5. Compute the break even in units and dollars.   6. Compute the margin of safety. Calculate the variance for...

  • 1 Nunya Business started operations on july 1, 2019 with an initial issuance of common stock....

    1 Nunya Business started operations on july 1, 2019 with an initial issuance of common stock. $31,700 2 Nunya business performed services for one month on account. $26000 3. Nunya Business has received 25% of the amount you recorded in Transaction#2 as partial payment of its accounts receivable. 4. Nunxa Business paid 10% of the amount you recorder in Transaction#2 as salary expense. 5. Nunya Business paid 5% of the amount you recorder in Transaction#2 as rent expense. AutoSave OFF...

  • We need to use the given data to fill in requirment 1, 2, and 3. AutoSave...

    We need to use the given data to fill in requirment 1, 2, and 3. AutoSave OFF Home Insert Draw Page Layout Formulas Data Review View Tell me х Arial 10 ν Α Α' 2 Wrap Text Paste BIU "A v Merge & Cente 026 x x А B С D H 1 Given Data P05-03: THE UNDERWOOD CORPORATION $ $ 3 4 5 6 7 8 9 10 11 12 13 14 15 16 June 12, 2021 September 17,...

  • Your required tasks are as follows: TAB 1/DATA 1. Insert all the data given below. This is the on...

    Follow instructions and create all parts on excel sheet. Your required tasks are as follows: TAB 1/DATA 1. Insert all the data given below. This is the only TAB which can have hard coded entries. The balance sheet from the last accounting period is given. TAB 2/BUDGET Prepare a master budget for the t formulas in to the data from TAB 1 or completed data from T the following detailed budgets: 1. a A schedule of expected cash collections from...

  • Question 1: Wendy's Happy Homes Inc manufactures Home Appliances. Monthly sales of Wendy's Washer...

    this is a really long assignment and I need help Question 1: Wendy's Happy Homes Inc manufactures Home Appliances. Monthly sales of Wendy's Washers and Dryer Sets for a nine month period were as follows: MONTH Washer and Dryer Sales 490 480 450 500 480 470 490 520 530 January February March April May June July August September Forecast October sales using 1) A four-month moving average 2) a six-month moving average 3. Compute the MAD for each forecast method...

  • Use the Tornadoes Data and your statistical expertise to answer the questions: Is it reasonable to claim that the averag...

    Use the Tornadoes Data and your statistical expertise to answer the questions: Is it reasonable to claim that the average number of observed tornadoes per year is different from the average number of tornado related deaths per year? 5. What test/procedure did you perform? a. One-sided t-test b. Two-sided t-test c. Regression d. ​​Confidence interval 6. What is the P-Value/margin of error? a. 0.007034504 b. 0.34922 c. 4.07497E-24 d. 2.03749E-24 e. ​​None of these 7. Statistical Interpretation a. Since P-value...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT