Confidence Interval For The Population Mean With Known Variance

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EUROPEAN UNIVERSITY OF LEFKE

FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES


STAT 203 STATISTICS I FALL 11-12 FINAL EXAM QUESTIONS
Date: 18.01. 2012 Instructor: Prof. Dr. Hüseyin Oğuz
Duration:14:30-16:00
Room#:
Student Registration No:___________________
Student Name-Surname:__________________________________
Important Note: Your own calculator and tables are allowable to use during exam with
forbidding of their exchanges. Please use first the rear side of this exam paper for your
solutions, then the two blank sheets attached.
1. (35 p) A bank monitors its drive-thru service times electronically to ensure that its
speed of service is meeting the company’s goals. A sample of 28 drive-thru times was
recently taken and is shown here:
Speed of Service (time in seconds)
83 138 145 147 130 79 156
156 90 85 68 93 178 76
73 119 92 146 88 103 116
134 162 71 181 110 105 74
a) Compute the mean, median and mode for these sample data.
b) Indicate whether the data are symmetrical or skewed.
c) Construct a box and whisker plot for the sample data. Does the box and whisker plot
support your conclusions in part b concerning the symmetry or skewness of these data.

2. (35 p) An undergraduate college discovers that it can accommodate a few extra


students. Enrolling those additional students would provide a substantial increase in
revenue without increasing the operating costs of the college; that is, no new classes
would have to be added. From past experience the college knows that the frequency of
enrollment given admission for all students is 40%.
a) What is the probability that at most 6 students will enroll if the college offers
admission to 10 more students?
b) What is the probability that more than 12 will actually enroll if admission is
offered to 20 students?
c) If the frequency of enrollment given admission for all students was 70%, what is
the probability that at least 12 out of 15 students will actually enroll? (Hint: The
probability that at least 12 out of 15 students enroll is the same as the probability
that at most 3 out of 15 students do not enroll)

3. (35 p) A college admissions officer for an MBA program has determined that
historically applicants have undergraduate grade point averages that are normally
distributed with standard deviation 0.45. From a random sample of 25 applications
from the current year, the sample mean grade point average is 2.90.
a) Find a 95% confidence interval for the population mean.
b) Based on these sample results, a statistician computes for the population mean a
confidence interval extending from 2.81 to 2.99. Find the confidence level
associated with this interval.
Confidence interval for the population mean with known variance:
 
    

Prof.Dr. Hüseyin Oğuz Page 1 of 4


STAT203_FinalExam_18-01-12
STAT 203 STATISTICS I FALL 11-12 FINAL EXAM SOLUTIONS

1.
a. The sorted data are shown below.
68 71 73 74 76 79 83
85 88 90 92 93 103 105
110 116 119 130 134 138 145
146 147 156 156 162 178 181

The mean is 114.21 and the median is 107.50.

∑x
i =1
i
x= = 3198/28 = 114.21
n
Note the position of the median is (50/100)*n where n = 28. Because the median’s
position is 14, the average of the 14th and 15th position in the sorted array is the median,
which is (105+110)/2 = 107.50. The mode is the most frequently occurring value and is
156.
b. Because the mean is larger than the median the data are skewed right.
c. The box and whisker plot is shown below according to the Five-number summary:
The 25th percentile location is (25/100)*28 = 7. So Q1 is the average of the values in the
7th and 8th position of the sorted array. Q1 = (83+85)/2 = 84.
The 50th percentile (median) = 107.50 (found in part a).
The 75th percentile location is (75/100)*28 = 21. So Q3 is the average of the values in the
21st and 22nd position of the sorted array. Q3 = (145 + 146)/2 = 145.50.

Five-number Summary
Minimum 68
First Quartile 84
Median 107.5
Third Quartile 145.5
Maximum 181

B o x plo t o f S pe e d o f S e rv ice

180

160
Speed of Service

140

120

100

80

60

Note that the median is not in the center of the box and that the whiskers are not of equal
length. The whisker going up is longer than the whisker going down which indicates that
the data are skewed to the right. This supports the conclusion that the data are not
symmetric, but skewed.

Prof.Dr. Hüseyin Oğuz Page 2 of 4


STAT203_FinalExam_18-01-12
2. a) This probability can be obtained using the cumulative binomial probability
distribution from Appendix Table 3. The probability of at most 6 students enrolling:

  
       !"#$%&
"'(!)* +
b) 
 , -
 -         -    .  -
(read/Table 3)
a) The probability that at least 12 out of 15 students enroll is the same as the probability
that at most 3 out of 15 students do not enroll (the probability of a student not
enrolling is:
/        .  +

 0 -
    .    +
    +  -. !"1(!)* +
Not exist on Table 3

3. a)
Given:

 -   -2    34    5  6

5      
5
 -
-
778  9$ :$
"'
;<$=  .#$%(!)* 

Substitute in the formula given as follows to find 95% CI for the population
mean:

 
    

 
-   - 
- -

-  . - .

-.-+ +.
or equivalently

 >    > ?!;'
$#@$  - > .

b) Margin of Error (ME) can be found from the interval given:



?@  -  -  -  -A    
-


  
-

  

Prof.Dr. Hüseyin Oğuz Page 3 of 4


STAT203_FinalExam_18-01-12
5
   =B C    =    A+  A.
-

5  -A.  +.

34    5    +.  A-A-6

Prof.Dr. Hüseyin Oğuz Page 4 of 4


STAT203_FinalExam_18-01-12

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