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Introduction to Business Statistics
Quiz 8: Sampling Distributions
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Question 41
Short Answer
The probability of a success on any trial of a binomial experiment is 20%.Find the probability that the proportion of success in a sample of 400 is less than 18%.
Question 42
Short Answer
A trucking firm has trucks that average a payload of 22.5 tons and a standard deviation of 1.5 tons.An accounting firm is auditing the shipping orders for the past year for billing errors.It chooses a random sample of 64 shipping orders.What is the probability that the sample mean weight will be within 1 ton of the true population mean of 22.5 tons?
Question 43
Short Answer
In a production of 1000 plastic moldings,75 were incompletely formed and had to be discarded.Based on these data the total production of plastic moldings should have what estimated proportion of incompletely formed moldings?