ID: 00012760

Question-1
a. Convertible = 9276
Total number of cars = 81776
9276+7204 +15837
P ( A )= =0.3951
81776
7204 +9276
P ( B )= =0.2015=20.15
81776

b.
P ( A ∩ B )=0.3951∗0.2015=0.0796
c.
P ( A ∩ B ) 0.0796
P ( A|B )= = =0.3950
P (B ) 0.2015

P ( A ∩ B ) 0.0796
P ( B| A )= = =0.2015
P ( A) 0.3951

d. Two events are equal in the case where P(A) and P(B) are equal. This case might
possibly happen if cars in A was less than 10,000.
Question-2
Number of businesses 32
Agreed to buy 17
Approached: 26
17/32=53.13%
a. n=26 p=0.5313
Exp. Number of cars = 26*0.5313=13.81=14
Varianc e=npq=26∗0.5313∗13.81=190.7686 St d . dev=√ 190.7686=13.82

Question-3
a. Minimum = 0 hour; Maximum = 7 hours

b−x 7−3
P ( x<3 )= = =0. 5714
b−a 7−0
1−0.5714=0. 4286
 b. a = 0 hour; b = 7 hours. 20% installation time
b−x 7−x
P ( x) = = =0.28
b−a 7−0
7−x=1.96x=5. 04
It takes at least 5.04 hours
5. 04−0
P ( 5.04 )= =0.72
7−0
72% percentile is represented
Question-4
a. A Poisson Process is given

e−⋋∗⋋k
P ( k events∈time period )=
k!
⋋ (lambda) is a simplified form of events/time*time period.
The average number of 2.27( approximately 2) accidents per day. We take one accident
per day and add zero accident per day.
e−2∗21
P ( 1accident per day ) + P ( 0 accident per day )= =0. 2707=27 %
1!
There is 27% chance there are less than 2 accidents.

b. We multiply number of days by the expected value and get 3*2=6 accidents.
e−6∗60
P ( 0 accident ∈3 days ) = =0.24 %
0!
The probility of no accidents happening is equal to 0.24 percent.
Question-5

X́ =527
Variance= 12760

Std .dev =√ 12760=112.96

a)
500−527
P ( scoring higher than 500 )=1−P z ≤( 112.96 )
=1−0.40517=0.5948=59.48 %

b) Z =1.65
X−527
>1.65
112.96
X >713.4
Required score to be in top 5 percent is equal to 713.4
Question-6

a)
mean value=5276
Std.dev.=1760
6000−5276
(
P ( being higer than 6000 )=1−P z ≤
1760 )
=1−0.6591=0.3409=34.09 %

b)
6000−5276
P ( 5000< X <6000 ) =P ( X <6000 )−P ( X <5000 )=P( )−P ¿
1760

¿ 0.6591−0.43644=0.2226=22.26 %
Question-7

Number of students is 338

confidence interval=¿

9.27−M
a¿ =−1.96
SE
( 11.06−M )
=1.96
SE

11.06+9.27-2M=0
M= 10.165
SE=(11.06-10.165)/1.96=0.46

b¿
H 0 : X >12

H a : X ≤12
c)
z= (x-M)/SE=(12-10.165)/0.46=3.98
z=1.96
d)
Rejection region z>1.96

e) There is sufficient evidence to reject null hypothesis because 3.98> 1.96

f) If null hypothesis is mistakenly rejected, it is called type I error. If we fail to reject null hypothesis
when it is actually false, it is called type II error.