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Assignment-2

Uploaded by

kashish26
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Birla Institute of Management Technology

Statistics for Business Analysis


Batch 2024-26
Assignment 1

Ques 1: According to the U.S. Census Bureau, about 20% of Idaho residents live in
metropolitan areas. This percentage is the lowest of all 50 states. A catalog
sales company in Georgia just purchased a list of Idaho consumers. Its market
analyst randomly selects 25 people from this list.

a.What is the probability that exactly eight people live in metropolitan areas?

b. What is the probability that the analyst would get more than 10 people in
this sample who live in metropolitan areas?

c.Suppose the analyst got more than 10 people who live in metropolitan areas
from the group of 25. What might she conclude about the company’s list of
Idaho consumers? What might she conclude about the census figure?
Ques 2: Editor and Publisher Yearbook releases figures on the top newspapers in the
United States. Shown here are the top 25 daily city newspapers in the United
States ranked according to circulation.

Rank New paper


1 New York Times (NY)
2 Los Angeles Times (CA)
3 Washington Post (DC)
4 New York Daily News (NY)
5 Chicago Tribune (IL)
6 Long Island Newsday (NY)
7 Houston Chronicle (TX)
8 Dallas Morning News (TX)
9 Chicago Sun-Times (IL)
10 Boston globe (MA)
11 San Francisco Chronicle (CA)
12 Phoenix Arizona Republic (AZ)
13 New York Post (NY)
14 Denver Rocky Mountain News (CO)
15 Denver Post (CO)
16 Newark Star-Ledger (NJ)
17 Philadelphia Inquirer (PA)
18 San Diego Union-Tribune (CA)
19 Detroit Free press (MI)
20 Cleveland Plain Dealer (OH)
21 Orange County Register (CA)
22 Portland Oregonian (OR)
23 Miami Herald (FL)
24 Minneapolis Star Tribune (MN)
25 St. Petersburg Times (FL)

Suppose a researcher wants to sample a portion of these newspapers and


compare the sizes of the business sections of the Sunday papers. She randomly
samples eight of these newspapers.
a. What is the probability that the sample contains exactly one newspaper
located in New York State?

b. What is the probability that half of the newspapers are ranked in the top
10 by circulation?
c. What is the probability that none of the newspapers are located in
California?

d. What is the probability that exactly three of the newspapers are located in
states that begin with the letter M?

Ques 3: According to the U.S. Census Bureau, 20% of the workers in Atlanta use public
transportation. If 25 Atlanta workers are randomly selected, what is the
expected number to use public transportation? Graph the binomial distribution
for this sample. What are the mean and the standard deviation for this
distribution? What is the probability that more than 12 of the selected workers
use public transportation? Explain conceptually and from the graph why you
would get this probability. Suppose you randomly sample 25 Atlanta workers
and actually get 14 who use public transportation. Is this outcome likely? How
might you explain this result?

Ques 4: Only 1% of all American households do not have a color television marketing
analyst randomly selects 160 American households.
a. How many households would he expect to not have a color television set?
b. What is the probability that eight or more households do not have a color
television set?
c. What is the probability that between two and six households (inclusive) do
not have a color television set?
Ques 5: An average of 15 aircraft accidents occur each year (The World Almanac and
Book of Facts, 2004).
a. Compute the mean number of aircraft accidents per month.
b. Compute the probability of no accidents during a month.
c. Compute the probability of exactly one accident during a month.
d. Compute the probability of more than one accident during a month.
Ques 6: The National Safety Council (NSC) estimates that off-the-job accidents cost U.S.
businesses almost $200 billion annually in lost productivity (National Safety
Council, March 2006). Based on NSC estimates, companies with 50 employees
are expected to average three employee off-the-job accidents per year. Answer
the following questions for companies with 50 employees.
a. What is the probability of no off-the-job accidents during a one-year period?
b. What is the probability of at least two off-the-job accidents during a one-year
period?
c. What is the expected number of off-the-job accidents during six months?
d. What is the probability of no off-the-job accidents during the next six
months?

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