STA2023

Final
Exam
Review
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This Review Covers:

One Sample Interference Hypothesis Testing
One Sample Interference Estimation
Simple Linear Regression
Central Limit Theorem
Binomial Probability
Random Variable

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Central Limit Theorem

The number of hours spent playing video games a week by the residents of Miami, FL have a mean of
10 hours with a standard deviation of 3 hours. Find the probability that if you select 42 random people,
the mean number of hours a week spent playing video games is between 9 and 15.

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The average price of a computer is $789 with a standard deviation of $ 48. Find the probability that if
27 computers are selected, their mean price is less than $650.

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A retail store's daily sales are normally distributed with a mean of $3000 and a standard deviation of
$500. Find the probability that:
a. If you randomly select a day, its sales are greater than $3120
b. If you randomly select 13 days, their mean daily sales are greater than $3120

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An organization administers a test to determine if someone is more of a workaholic or a

Partyaholic the test is designed so that the so that the mean score for Partyaholics is 40. Lets
assume that the standard deviation of Partyaholics scores on his test is 25.
Now let = 49
a. If there is a 0.24 probability of SRS of 45 Partyaholics will have a mean score below a certain
amount, what is that amount? Show you work, include an appropriately shaded and labeled
density curve and a probability statement
b. If there is a 0.24 probability of SRS of 45 Partyaholics will have a mean score that is above a
certain amount but less than 40, what is that amount? Show you work, include an
appropriately shaded and labeled density curve and a probability statement.

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one sample interference estimation

6. You want to estimate the mean number of hours people spend sleeping. In a random
sample of 12 people, the mean number of hours spent sleeping was 7.2. From past
studies, the standard deviation is known to be .75 hours, and the population is normally
distributed. Construct a 90% confidence interval of the population mean.

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In a random sample of 12 cats, the mean weights was 7.9lbs and the standard deviation
was 0.52lbs. Assume the weight of cats is normally distributed. Construct a 99%
confidence interval of the mean weight of all cats.

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You randomly select 12 video game stores and record the prices of the games sold at
each. The sample mean price is $39.00 with a standard deviation of $5. Find the 95%
confidence interval for the average price of all video games. Assume the prices are
approximately normally distributed.

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The following represents a random sample of number of shoes owned by 36 men

3
2
1
9
12
0

6
8
4
9
2
2

8
7
5
5
3
4

12
10
6
4
9
2

10
9
8
6
7
1

9
9
7
11
6
5

Construct a 90% confidence interval for numbers of shoes owned by all men

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A sample of 37 students earned a mean grade of 85.7 on a test. Assume that all students' test scores vary
with standard deviation 10.
a. Construct an appropriate 98% confidence interval for the mean grade of all students who took
that test.
b. Does your interval support the claim that the population mean grade is below 87? State YES or
NO and give a reason for your answer.
c. Would a smaller sample produce a smaller or larger margin of error?
d. What was the margin of error of the confidence interval?
e. Would a smaller sample of students have produced a smaller or larger margin of error?
f. Interpret the confidence interval in context.
g. Interpret the margin of error in context.
h. Interpret the confidence level in context.
i.

If we want to be 95% confident that our estimate is within 1.5 of the population mean, how
many students should we sample?

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one sample interference Hypothesis Testing

The monthly apartment rent in the city of Minneapolis, MN is reported to be normally
distributed with a mean of $1005/month. You collect a random sample of 15apartments
and find the mean rent to be $1100 with a standard deviation of $55. Is there enough
evidence to reject the claim at = 0.05?

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In an advertisement, a pizza shop claims that its mean delivery time is less than 30
minutes. A random selection of 37 delivery times has a sample mean of 29.5 and a
standard deviation of 3.4 minutes. Is there enough evidence to support the claim at
= 0.31?

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A dietitian claim that the ice cream consumption by a person in the US is at least 3.4
pounds per year. A random sample of 50 people in the US shows that the mean ice
cream consumption by a person is 3.3 pounds per year with a standard deviation of 0.95
pounds. At = 0.05, can you reject the dietitian's claim?

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The heights of 12 moth-old baby boys is approximately normally distributed with a

mean of 29.8 inches. A random sample of 15 12 month old baby boys is collected and
displayed in the following chart. At = 0.45 can it be concluded that the average
height of baby boys differs from 29.8 inches?
25

29

302

253

26

27

28

33

32

27.3

29.8

30

32

29

29.5

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On a given night at a trucking stop on I-10, twelve Budweiser trucks had a mean weight
of 10567 lbs and we want to know if this is an indication that the mean weight of all the
trucks is less than 11,000 lbs. Weights of trucks vary with standard deviation 1000lbs.
A. Conduct an appropriate hypothesis test using the P-value approach, detail all the steps
and include a P-value picture. Use = 0.05.
B.

Interpret the P-value in this context.

C. What confidence level C would make a confidence interval approach hypothesis test
equivalent to the P-value approach hypothesis test you just did? Draw an appropriately
labeled density curve with shaded in.

Interpreting the P-Value in context in a one sample z-test or t-test

If the population mean observations is indeed , then due to sampling variation alone P-value of sample
mean observations are expected to be x x- units or less/more/different , when sampling SRSs of n subjects.

If < then its less

If > then its more
If then its different

Confidence Level (C)

One-Sided ( < # or > # )

= 1 2

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Two Sided ( # )
=1

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Researchers collected a sample of 14 alligators and found that their mean length was
130.6 inches but alligators in general have a standard deviation length of 19 inches.
The researchers want to know if the mean length of all alligators is different from
125 inches.
A. Conduct an appropriate hypothesis test using the P-value approach, detail all the
steps and use 0.18
B. What confidence level would make a confidence interval approach hypothesis
test equivalent to the P-value approach test you just did? Draw an appropriately
labeled density curve with shaded in.

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During last years Black Friday sales a certain company showed a mean of $3852 in rebate dollars paid
to 99 companies. (Think of money paid to the company as a positive payment, and rebate money
returned by the company as a negative payment.) We may assume that the payment on all rebates
vary with the standard deviation $791. Complete the following hypothesis test use = 0.05. Show
your work.
(1) Assuming that

(2) =

(3)

(4) 0 :

(5) : $ 4000

(6)

(7) =

(8) :

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Random Variable
Bon has a bucket with 25 colored balls in it. There a 15 yellow balls, 5 red balls, 2 pink balls, 2 green
balls and 1 white ball. He promises Bill that he will give him the following payout for the following balls:

Yellow balls

$0.00

Red balls

$0.25

Pink Balls

$0.50

Green balls

$0.75

White balls

$1.00

Make a probability table

Gain,

Make a histogram

What should Bill expect to be his payoff?

What is should Bill standard deviation?

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Probability,

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Let us suppose that at any given point in time, 47% of the people in the world are asleep. If we choose
three persons at random from the world's population, what is the probability that
a. Exactly one of them will be asleep?
b. Exactly two of them will be asleep?
c. Exactly three of them will be asleep?
d. Exactly none of them will be asleep?
e. At least one of them will be asleep?
f. Let X = the number of people asleep. Construct a probability distribution table for X.
g. Is the distribution of X discrete or continuous?
h. What is the expected number of people asleep?

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Binominal Probability
70% of college students drink alcohol. You randomly select 13 college students and ask
each if he/she drinks alcohol. Find the probability that the number who say they drink
alcohol is:
a. exactly 10
b. exactly 13
c. at least 11
d. less than 4
e. at least 4
f. at most 4
g. more than 4
h. Calculate the mean and standard deviation of X.

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For each part of this question, use the Binomial probability formula, show all your work and
round your final answer to three decimal places.
Financial Accounting students who don't go to Ednys VERY helpful final exam review, now
only have one option left for passing the final exam: Theyre just going to Christmas Tree
that Bitch. There is a one out five chance of guessing a problem right and Penior's ACG2021
Final Exam is a 20 questions multiple choice test. Let X = the number of problems guessed
correctly among a 20 questions exam done randomly.
X is Binomially distributed because:
~ there are a fixed number of trials, n = _______________ ,
~ there are only two possible outcomes, ____________________ and ____________________ ,
~ the probability of success is the same for all students, = _____________ ,
~ trials are independent because students ____________________________________________ .

a) Write down the distribution of X.

b) What is the sample space of X?
c) What is the probability of guessing correct on a quarter of the problems right?
d) What is the probability that this students gets 70% on the final exam? (Take Home)
e) What is the probability of guessing right on exactly either 1 or 2 questions?
f) What is the probability of getting at least 1 answers right?
g) What is the probability of getting at most 2 answers right?
h) If we kept on randomly selecting students who Christmas tree their accounting exam
and recording how many questions each got correct, what would be the long run mean?
i) If we kept on randomly selecting students who Christmas tree their accounting exam
and recording how many questions each got correct, what would be the long run
standard deviation?

( = ) = (1 )
Where =

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!
! ( )!

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Your significant other (SO) is going to invite 50 of their friends to a party at your house.
Since you can never figure out how your SO thinks, as far as you're concerned, the
friends will be independently and randomly selected from the population of your SO's
friends. You do know, however, that 25% of all your SO's friends like to sing karaoke at
parties. X = the number who like karaoke among 50 of your SO's randomly selected
friends is a Binomial random variable.
A. Calculate the mean and standard deviation of X. Show all your work and do not round
your answers.
B. You hate karaoke, so you have decided that if 10 or more karaoke lovers show up, you
will gently excuse yourself from the party. What are the chances you will end up
excusing yourself from the party?
=
= (1 )

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Simple Linear Regression

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The average price for special joins from in Florida had mean $145 with standard
deviation $15. The length of time these joint can keep you high for had mean 200
minutes with standard deviation 50minutes. The linear correlation between the
average joint price and length of cloud time was 0.923 (super strong).
II.
III.
IV.
V.

VI.

VII.

VIII.
IX.

Find regression equation for predicting joint prices from how long they keep you high.
Use your regression equation to predict the prices on joints who keep you high for
about 125 minutes.
If the correlation was weak, say = 0.102, what would have been the predicted prices
on joints kept you high for 530 minutes (a knockout joint)?
Would it be appropriate to use your model to predict the price of a joint from a
dispensary store in Canada? State Fuck Yeah! or Hell NO!!! and give a reason for
your answer
Would it appropriate to use your model to predict prices of joints sold in Tallahassee fl
in the year 2026? State Fuck Yeah! or Hell NO!!! and give THREE reasons for your
answer
Fill in the blanks with numbers to make true statements:
a) For every degree increase in cloud time, the decrease in predicted price of joints is
__________________.
b) At zero cloud minutes, the predicted price of the joint is _______________.
c) The proportion of variation in prices joints is explained by the linear association with
cloud minutes is ____________________.
Does the y-intercept of the regression line have meaning in this context? State Fuck
Yeah! or Hell NO!!! and give a reason for your answer
If the residual for a the length of high cloud time is positive, would you expect their joint
prices to be higher or lower than predicted by the model, and why?
a. Higher, because the model is overestimating the prices of the joints.
b. Lower, because the model is underestimating the prices of the joints.
c. Higher, because the model is underestimating the prices of the joints.
d. Lower, because the model is overestimating the prices of the joints.

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