Quiz #4 Name___Alex Taylor_________________________________

Summer 2018

(2 points each) For each of the following questions, record your final answers after the respective question on this
quiz.

1. An auditor knows from past history that the average accounts receivable for ABC Company is $441.27 with a
standard deviation of $555.48. If the auditor takes a sample of 100 accounts, what is the probability that the
mean of the sample will be within $100 of the population mean? 0.9282
2. An airline, in response to passenger concern, conducts realistic tests to determine the time needed to evacuate
a Boeing 737. Average evacuation time in the past has been 100 seconds with a standard deviation of 15
seconds. The FFA requires tests that show a planeload of passengers can be evacuated in 92 seconds. If the
airline conducts a sample of 30 tests, what is the probability that the average evacuation time will be ninety-
two seconds or less? 0.0018
3. The average weight of a 4 year old male is 40 lbs with a standard deviation of 6 lbs. What would be the

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probability that the average weight from a random sample of 50 boys at this age would have been greater than

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41 lbs? 0.119

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4. A manufacturer of galvanized chains advertises the load capacity of a 16-foot length of chain has an average
of 2650 lbs. and a standard deviation of 520 lbs. If a retailer receives an order of 75 chains, what is the

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probability that the sample mean will be greater than 2775 lbs? 0.0188
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5. The average cost of renting a compact size car in a major metropolitan area of the U.S. is $51.74 with a
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standard deviation of $7.48. Assume a normal distribution. If a sample of 20 cities is taken, what is the
probability that the sample mean will fall between 47.74 and 55.74? 0.9832
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6. Your company is located in New York City and your job requires that you travel by air to many other major
cities such as Boston, Chicago, Los Angeles, Detroit, Houston, Dallas, Atlanta, Denver, and Washington, DC.
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Your average round-trip airfare for the past year has been $495 with a standard deviation of $240. If for your
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next year's planning budget you estimate your average air ticket between $395 and $550, what is the
probability that the mean, , of your next 36 flights will fall in this range? 0.9100
7. A manufacturer of printers claims that their color cartridge will print an average of 200 4-by-6 photos with a
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standard deviation of 60 photos. A random sample of 40 customers counted the number of photos printed with
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one cartridge. If the manufacturer’s claim is correct, what is the probability that the average customer printed
at least 210 pages with one cartridge?
8. The amount of time spent by American adults playing sports per day is normally distributed with a mean of 4
hours and standard deviation of 1.25 hours. Find the probability that if four American adults are randomly
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selected, their average number of hours spent playing sports is more than 5 hours per day.
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Z(5) = 1/1.25 = .8. , P(z>.8) = normal confidence * .8, 100 = .2119 or 21.19 %

9. A cost accountant wished to establish the average amount, , spent by executives per day on travel and
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lodging. Then a comparison, between the average and the amount turned in to be reimbursed, will be made
and unreasonably high or low expense amounts audited. A random sample of 50 executive expense receipts is
taken. The average in the sample was $208. From a similar survey the standard deviation of the amounts is
approximately = $29. The accountant prepares a 90-percent confidence level for . What is the confidence
interval?

____________________ to ____________________

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 10. There are 300 students enrolled in Business Statistics. Historically, exam scores are normally distributed with
a standard deviation of 30.9. Your instructor randomly selected a sample of 30 examinations and finds a mean
of 74.2. Determine a 90% confidence interval for the mean score for all students taking the course.

____________________ to ____________________

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