Determine the student percentile rank
A college student takes the standardized test and scores a 163. If the mean is 155 and standard deviation is 7, determine the student's percentile rank? (Assume a normal distribution.)
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Weight of the species of bird is normally distributed with standard deviation of 2 grams. If 30% of birds weigh less than 10 grams, what is the population mean weight of these birds? Give your answer as a number without units.
You choose random sample of size four from population consisting of 15 men and 5 women.
A monopoly is considering selling several units of the homogeneous product as a single package. A typical consumer's demand for the product is Qd = 100 - 0.5P, and the marginal cost of production is $130.
What price should you charge for midsized automobile if you expect to maintain your record sales?
At OHB bank, average employee salary is $40,000 per year with variance of 4,000,000. The CEO decides to award bonuses in following way:
Thirty-three college freshmen were randomly chosen for on-campus survey at their university. The participants' mean GPA was 2.5, and the standard deviation was 0.5. Determine the margin of error, supposing a 95% confidence level? (Assume a normal
The lifetime of a special type of bulb is exponentially distributed with the mean of 30 hours. A bulb is employed till it fails, at which point it is replaced by the new one.
Determine the conditional probability that someone has the disease, given a positive test result? Hint: you need to be familiar with the Bayes rule and the total probability rule.
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