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1
(a)
50 2635 27488
2635
(i) Mean = = 52.7 []
50
�25 - 15 �
(ii) Median = 39.5 + � �20 = 39.5 + 15.38 = 54.88 []
� 13 � �
�f ( x - x )
2
(iii) Sample s.d. (s) = 27488 []
= = 23.69
n -1 50 - 1
(b) Let B be the event that a customer will invest in tax-free bonds
Let M be the event that a customer will invest in mutual funds
P ( B) = 0.6 , P( M ) = 0.3 , P ( B �M ) = 0.15
(i) P( B �M ) = P( B ) + P( M ) - P( B �M )
1
2 (a) n = 10, p = 0.2 q = 0.8
(ii ) P ( X �2) = 1 - [ P ( X = 0) + P ( X = 1) ]
= 1 - [ 0.107 + 0.268]
2(b)
(i ) m =3
P ( X = 4) = 0.1680 2 marks �
��
� �
(ii ) m =6
P ( X > 1) = 1 - [ P ( X = 0) + P ( X = 1) ]
= 1 - [ 0.0025 + 0.0149]
= 1 - 0.0174
= 0.9826 3 marks �
��
� �
(iii ) m = 9 2 marks �
��
� �
2
80
( a ) (i ) pˆ = = 0.33 �[1mark]
240
(ii ) n = 240
99% z - value = 2.58
pˆ (1 - pˆ )
pˆ �z
n
0.33(1 - 0.33)
0.33 �2.58
240
= 0.33 �0.08
( 0.25 , 0.41) � [3 marks]
(iii) The probability is 0.99 that the true population proportion lies in the range 0.25
to 0.41 [
2 2
�z � �1.96 �
n = pˆ (1 - pˆ ) � �= 0.01(1 - 0.01) � �= 6085.0944
�E � �0.0025 �
n = 6086 � [3 marks]
(c) H 0 : m1 = m 2
H1 : m1 �m2
x1 - x2 1190 - 1230
z= = -2.42
Test statistic: s2
s 2
= 902 1202
1
+ 2 +
n1 n2 100 75
= .005 = 0.005
2 2
2.58 0 2.58
Conclusion: Since -2.58 < Z cal < 2.58 , we do not reject H 0 ie. m1 = m2 at the 1% level of
significance.
[]
4
3
(a) H 0 : m = 300, H1 : m > 300 df = n - 1 = 20 - 1 = 19
X -m 315.40 - 300
t=
s = 43.20 = 1.593
n 20
= .01
0 t = 2.539
Conclusion: Since tcal < 2.539 , we do not reject H 0 , ie. m = 300 at the 1% level of
significance. []
(b) H 0 : There is no relationship between a person’s location and the number of years
of college education
H1 : There is a relationship between a person’s location and the number of years of
college education
Urban 15 12 8 35
(10.50) (14.70) (9.80)
Suburban 9 20 13 42
(12.60) (17.64) (11.76)
Rural 6 10 7 23
(6.90) (9.66) (6.44)
Total 30 42 28 100
�(O - E ) 2 �
c 2 = �� � = 1.929+ 0.496 + 0.331+ 1.029 + 0.316 + 0.131 + 0.117
� E �
+0.012 +0.049 = 4.41 d.f. = (3-1)(3-1) = 4
Because the computed value of chi-square lies in the region to the left side of 9.488,
the null hypothesis is accepted at the 0.05 level. We conclude there is no
relationship between a person’s location and the number of years of college
education. []
5
4
(a)
m = 200
s = 50
(i ) P ( X < 90 )
�X - m 90 - 200 �
= P� < �
�s 50 �
= P ( Z < -2.2 )
= 0.5000 - 0.4861
= 0.0139
= 1.39% ��
3 marks �
� �
(b) m = 167, s = 27 n = 36
� �
�
163 - 167 X - m 170 - 167 �
( )
P 163 < X < 170 = P �
� 27
<
s
<
27 �
�
[]
� 36 n 36 �
� �
= P ( -0.89 < Z < 0.67 ) = 0.3133 + 0.2486 = 0.5619
5
x y x2 y2 xy
10 14 100 196 140
11 16 121 256 176
12 16 144 256 192
13 20 169 400 260
14 25 196 625 350
12 19 144 361 228
17 38 289 1444 646
15 27 225 729 405
104 175 1388 4267 2397
a=
�y - b ��x � 175 - 3.39
� �=
104
= -22.2
n �n � 8 8
� �
y = -22.2 + 3.39 x []
(c)
n�xy - �x�y
r=
n�x 2 - ( �x ) ��
� n�y 2 - ( �y ) �
2 2
� �� �
There is a strong positive relationship between the advertising expenditure (x) and
the monthly sales(y) []