29 views

Uploaded by NIKNISH

stat

- Descriptive Statistics
- Quiz - II Solution
- Ch1
- Chapter 10
- Ch3_ContinuousDistributions_ProbPlots_torresgarcia_02152016.pdf
- BAB 10 part 1.docx
- Uniform Distribution
- Syllabus 317
- Key Statistical Concepts Summary Sheet.pdf
- S1-16-ET ZC434-L10
- S1_Spec
- Descriptive Probability
- 211probability Distribution 1
- Santangelo Statistics I
- Tutorial 1 Student
- Grafice de Control (Control Charts)
- 2012-Master- Modeling Value-At-Risk Under Normal and Extreme Market Conditions
- GridDataReport Inverse 10m
- Galton Board -- From Wolfram MathWorld
- Midterm Exam - ES 202 Spring 2017

You are on page 1of 23

Chapter

Seven

McGraw-Hill/Irwin

7- 2

Chapter Seven

GOALS When you have completed this chapter, you will be able to: ONE Understand the difference between discrete and continuous distributions. TWO Compute the mean and the standard deviation for a uniform distribution. THREE Compute probabilities using the uniform distribution. FOUR List the characteristics of the normal probability distribution.

Goals

7- 3

Chapter Seven

continued

GOALS When you have completed this chapter, you will be able to:

FIVE Define and calculate z values. SIX Determine the probability an observation will lie between two points using the standard normal distribution. SEVEN Determine the probability an observation will be above or below a given value using the standard normal distribution.

Goals

7- 4

A Discrete distribution is based on random variables which can assume only clearly separated values. Discrete distributions studied include: o Binomial o Poisson.

Discrete and continuous distributions

7- 5

The Uniform distribution Is rectangular in shape Is defined by minimum and maximum values Has a mean computed as follows:

Has

P(x)

a+b m= 2

where a and b are the minimum and maximum values

s=

(b-a)2 12

The uniform distribution

7- 6

P(x) =

1 Area = height* base =(b-a) *(b-a)

7- 7

Suppose the time that you wait on the telephone for a live representative of your phone company to discuss your problem with you is uniformly distributed between 5 and 25 minutes.

m= a+b

2

= 5+25 = 15 2 What is the standard deviation of the wait time? (b-a)2 s= 12 (25-5)2 = 5.77 = 12

Example 1

7- 8

What is the probability of waiting more than ten minutes? The area from 10 to 25 minutes is 15 minutes. Thus:

P(10 < wait time < 25) = height*base = 1 (25-5) *15 = .75

The area from 15 P(15 < wait time < 20) = height*base to 20 minutes is = 1 *5 = .25 5 minutes. Thus: (25-5)

Example 2 continued

7- 9

The Normal probability distribution is bell-shaped and has a single peak at the center of the distribution. is symmetrical about the mean.

is

That is the curve gets closer and closer to the X-axis but never actually touches it.

asymptotic.

its mean,

Has

dispersion.

t r

i o

s2

7-7-10 10

= 1

0 . 4

0 . 3 0 . 2

f ( x

. 1

. 0

- 5

x

7- 11

The standard normal distribution is a normal distribution with a mean of 0 and a standard deviation of 1.

z distribution.

A z-value is the distance between a selected value, designated X, and the population mean m, divided by the population standard deviation, s. The formula is:

X -m

7- 12

X -m

= 1.00

The bi-monthly starting salaries of recent MBA graduates follows the normal distribution with a mean of $2,000 and a standard deviation of $200. What is the z-value for a salary of $2,200?

MBA

Example 2

7- 13

X -m

A z-value of 1 indicates that the value of $2,200 is one standard deviation above the mean of $2,000. A z-value of 1.50 indicates that $1,700 is 1.5 standard deviation below the mean of $2000.

EXAMPLE 2 continued

7- 14

About 68 percent of the area under the normal curve is within one standard deviation of the mean. m + 1s About 95 percent is within two standard deviations of the mean. m + 2s Practically all is within three standard deviations of the mean. m + 3s Areas Under the Normal

Curve

7- 15

The daily water usage per person in Providence, Rhode Island is normally distributed with a mean of 20 gallons and a standard deviation of 5 gallons. About 68 percent of those living in New Providence will use how many gallons of water? About 68% of the daily water usage will lie between 15 and 25 gallons (+ 1s ).

Example 3

295

RHODE ISLAND

7- 16

95 Newport

What is the probability that a person from Providence selected at random will use between 20 and 24 gallons per day?

X -m 24 - 20 0.80 5

s

X -m

20 - 20 0.00 5

EXAMPLE 4

7- 17

The area under a normal curve between a z-value of 0 and a z-value of 0.80 is 0.2881. See the following diagram

We conclude that 28.81 percent of the residents use between 20 and 24 gallons of water per day.

Example 4 continued

7- 18

7- 19

What percent of the population use between 18 and 26 gallons per day?

X -m

s

X -m

26 - 20 1.20 5

18 - 20 -0.40 5

EXAMPLE 4 continued

7- 20

The area The area associated with a associated with a z-value of 0.40 is z-value of 1.20 is .1554. .3849. Adding these areas, the result is .5403.

We conclude that 54.03 percent of the residents use between 18 and 26 gallons of water per day.

EXAMPLE 4 continued

7- 21

Professor Mann has determined that the scores in his statistics course are approximately normally distributed with a mean of 72 and a standard deviation of 5. He announces to the class that the top 15 percent of the scores will earn an A. What is the lowest score a student can earn and still receive an A?

EXAMPLE 5

7- 22

To begin let X be the score that separates an A from a B. If 15 percent of the students score more than X, then 35 percent must score between the mean of 72 and X.

EXAMPLE 5 continued

7- 23

We let z equal 1.04 and solve the standard normal equation for X. The result is the score that separates students that earned an A from those that earned a B.

EXAMPLE 5 continued

- Descriptive StatisticsUploaded byLili Sbora
- Quiz - II SolutionUploaded byVivek Bhanushali
- Ch1Uploaded byzohairm93
- Chapter 10Uploaded byNathan Vincent
- Ch3_ContinuousDistributions_ProbPlots_torresgarcia_02152016.pdfUploaded byOsiris Lopez - Manzanarez
- BAB 10 part 1.docxUploaded bynafa cisara
- Uniform DistributionUploaded byvishwavichu
- Syllabus 317Uploaded byMohamed Farag Mostafa
- Key Statistical Concepts Summary Sheet.pdfUploaded byishtiaque3044
- S1-16-ET ZC434-L10Uploaded byAnand Bhaskar
- S1_SpecUploaded byr2d2sd
- Descriptive ProbabilityUploaded byParul Yadav
- 211probability Distribution 1Uploaded byDzivor Perpetual
- Santangelo Statistics IUploaded bymamurahmed628
- Tutorial 1 StudentUploaded bySarviin Ageelen
- Grafice de Control (Control Charts)Uploaded byMihai Conda
- 2012-Master- Modeling Value-At-Risk Under Normal and Extreme Market ConditionsUploaded bymamad
- GridDataReport Inverse 10mUploaded bydzaki446
- Galton Board -- From Wolfram MathWorldUploaded byDražen Horvat
- Midterm Exam - ES 202 Spring 2017Uploaded byMianZubair
- UG Syllabus of EconomicsUploaded byArjun Varma
- Transformation of Random VariablesUploaded bySamundra Gurung
- Quantitative Methods 1Uploaded byjohn goodpasture
- math 12ib i sem 2014-2015Uploaded byapi-255594660
- Book on Probability Introduction From MIITUploaded bysudeeppandey
- JER MushroomUploaded byCogniah Nhện Con
- LECTURE NOTE SSE2193.docUploaded byAin Farhan
- Using Abaqus Reliability Analysis Directional Sim 2008 FUploaded byIbnu Riswan
- [A-3&4]Lampiran A RPP-04 Math 5 Semester 1 20172018 07092017Uploaded byWeng Fei Yong
- Binomial Distribution TutorialUploaded byvenkat6299

- DepositsUploaded byNIKNISH
- Commodity TradingUploaded byNIKNISH
- Budget TerminologyUploaded byNIKNISH
- Cracks in the FaultlinesUploaded byNIKNISH
- Finance as a SpecialisationUploaded byNIKNISH
- 1 Credit Management Overview - NIKKIEUploaded byNIKNISH
- Change in Greenhouse Gas EmissionsUploaded bykingjanuarius
- Logistics ReportUploaded byNIKNISH
- Climate Change - A Catastrophe in the OffingUploaded byNIKNISH
- FascismUploaded byNIKNISH
- Waters of Woe - River Water Disputes in IndiaUploaded byNIKNISH
- Chapter 2 Basic Principles of BakingUploaded byNIKNISH
- BseUploaded byNIKNISH
- Change in U.S. GDP Growth During RecessionsUploaded byNIKNISH
- Process View of OrganisationUploaded byNIKNISH
- Money SpentUploaded byNIKNISH
- IMCUploaded byGyan Ranjan
- ForecastingUploaded byDewa Ayu Oktaviana
- Report - Wagh Bakri TeaUploaded byprachi_mica
- Report - Wagh Bakri TeaUploaded byprachi_mica
- 04 Industrial MarketsUploaded byNIKNISH
- waghbakri ppt 2Uploaded byNIKNISH
- 1Uploaded byNIKNISH
- Aman Quant 2Uploaded byNIKNISH
- PresentationUploaded bypoonamjaiswal
- 05 Market SegmentationUploaded byNIKNISH
- Market ResearchUploaded byNIKNISH
- Presentation 1Uploaded byNIKNISH
- 1 Wagh Bakri ChaiUploaded byNIKNISH
- Abt Tourism DivisionUploaded byNIKNISH

- Chapter 4-Measures of Central Tendency-UmmiUploaded bySiti Munirah
- Performance Appraisal[1]Uploaded byRekha Prashant Thakur
- 08 Design for Manual AssemblyUploaded bySayyadh Rahamath Baba
- Faster and Cheaper- How Ride-Sourcing Fills a Gap in Low-Income Los Angeles NeighborhoodsUploaded bySam Stecklow
- nike FOOTWEARUploaded byAjay Singh
- ISO 9001 Quality Manual 2015 TemplateUploaded bybimmodwi
- Employees Absenteeism-SYNOPSIS (1)Uploaded byNageshwar Singh
- Concept NoteUploaded byvivek
- Chapter 12Uploaded byJoseph Kandalaft
- 1. Australian Health Survey 2011-2012Uploaded byAspenPharma
- Summer Project- Job satisfactionUploaded by@12
- guidel_valueChain.pdfUploaded bydineshjain11
- Probability R,VUploaded byYehya Mesalam
- Dawood & Pincus (2017) Pathological Narcissism and the Severity, Variability, And Instability of Depressive SymptomsUploaded bySindes Dawood
- Correlation and regression.pptUploaded byPradeep Joshi
- HRM CompliedUploaded byTashkin Mahmud
- Panel Discussion Self Evaluation FormUploaded byBernard Jomari Blancada Razote
- Customer Insight ToolkitUploaded bypam7779
- Advance Meshing ToolUploaded byranganathan0818
- Short Story EssayUploaded byharsh
- MB0040 – STATISTICS FOR MANAGEMENTUploaded byAli Asharaf Khan
- SORTING.pptUploaded byMohammed Jeelan
- Perio TestUploaded byDilmohit Singh
- FjfjkfkhghkgkUploaded byirqovi
- BRM_1Uploaded bykissisha
- PART-TIME_STUDENTS_AND_EMPLOYMENT_REPORT.pdfUploaded byEstudyante
- ASR MitigationUploaded bycamilorios11
- An Update and Extension to SEM Guidelines for Administrative.Uploaded byPayal Anand
- assessmentsUploaded byapi-295498767
- vol7no1_7Uploaded bykutancan