Ralph bought a computer monitor with an area of 384 square inches. The length of the monitor is six times the quantity of five l
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Answer:
(a) = 40%
(b) = 28%
(c) Expected value = $222,500
Standard deviation = $7,216.88
Step-by-step explanation:
This is a normal distribution with a = 210,000 and b =235,000
(a) The probability that he will get at least $225,000 for the house is:
(b)The probability he will get less than $217,000 is:
(c) The expected value (E) and the standard deviation (S) are:
Answer:
95% confidence interval for p, the true proportion of all women who will find success with this new treatment is [0.238 , 0.762].
Step-by-step explanation:
We are given that a pharmaceutical company proposes a new drug treatment for alleviating symptoms of PMS (premenstrual syndrome).
In the first stages of a clinical trial, it was successful for 7 out of the 14 women.
Firstly, the pivotal quantity for 95% confidence interval for the true proportion is given by;
P.Q. = ~ N(0,1)
where, = sample proportion of women who find success with this new treatment =
= 0.50
n = sample of women = 14
<em>Here for constructing 95% confidence interval we have used One-sample z proportion statistics.</em>
So, 95% confidence interval for the true proportion, p is ;
P(-1.96 < N(0,1) < 1.96) = 0.95 {As the critical value of z at 2.5%
level of significance are -1.96 & 1.96}
P(-1.96 < < 1.96) = 0.95
P( <
<
) = 0.95
P( < p <
) = 0.95
<u />
<u>95% confidence interval for p</u> = [ ,
]
= [ ,
]
= [0.238 , 0.762]
Therefore, 95% confidence interval for p, the true proportion of all women who will find success with this new treatment is [0.238 , 0.762].