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130. Out of the years with water rationing, find the probability that there is a drought.

Use the following information to answer the next three exercises:

Apple Pumpkin Pecan
Female 40 10 30
Male 20 30 10

131. Suppose that one individual is randomly chosen. Find the probability that the person’s favorite pie is apple or the person is male.

132. Suppose that one male is randomly chosen. Find the probability his favorite pie is pecan.

133. Conduct a hypothesis test to determine if favorite pie type and gender are independent.

Use the following information to answer the next two exercises: Let’s say that the probability that an adult watches the news at least once per week is 0.60.

134. We randomly survey 14 people. On average, how many people do we expect to watch the news at least once per week?

135. We randomly survey 14 people. Of interest is the number that watch the news at least once per week. State the distribution of X . X ~ _____

136. The following histogram is most likely to be a result of sampling from which distribution?

This graph is an unlabeled histogram. The distribution is roughly symmetric. There is a single peak in the center of the graph and heights of bars decrease from that point toward each end of the graph.
  1. Chi-Square
  2. Geometric
  3. Uniform
  4. Binomial

137. The ages of De Anza evening students is known to be normally distributed with a population mean of 40 and a population standard deviation of six. A sample of six De Anza evening students reported their ages (in years) as: 28; 35; 47; 45; 30; 50. Find the probability that the mean of six ages of randomly chosen students is less than 35 years. Hint: Find the sample mean.

138. A math exam was given to all the fifth grade children attending Country School. Two random samples of scores were taken. The null hypothesis is that the mean math scores for boys and girls in fifth grade are the same. Conduct a hypothesis test.

n x ¯ s 2
Boys 55 82 29
Girls 60 86 46

139. In a survey of 80 males, 55 had played an organized sport growing up. Of the 70 females surveyed, 25 had played an organized sport growing up. We are interested in whether the proportion for males is higher than the proportion for females. Conduct a hypothesis test.

140. Which of the following is preferable when designing a hypothesis test?

  1. Maximize α and minimize β
  2. Minimize α and maximize β
  3. Maximize α and β
  4. Minimize α and β

Use the following information to answer the next three exercises: 120 people were surveyed as to their favorite beverage (non-alcoholic). The results are below.

Beverage/Age 0–9 10–19 20–29 30+ Totals
Milk 14 10 6 0 30
Soda 3 8 26 15 52
Juice 7 12 12 7 38
Totals 24 330 44 22 120

141. Are the events of milk and 30+:

  1. independent events? Justify your answer.
  2. mutually exclusive events? Justify your answer.

142. Suppose that one person is randomly chosen. Find the probability that person is 10–19 given that he or she prefers juice.

143. Are “Preferred Beverage” and “Age” independent events? Conduct a hypothesis test.

144. Given the following histogram, which distribution is the data most likely to come from?

This graph is an unlabeled histogram. The heights of the bars do not vary much across the distribution.
  1. uniform
  2. exponential
  3. normal
  4. chi-square

Solutions

Chapter 3

1. c. parameter

2. a. population

3. b. statistic

4. d. sample

5. e. variable

6. quantitative continuous

7.

  1. 2.27
  2. 3.04
  3. –1, 4, 4

8. Answers will vary.

Chapter 4

9. c. (0.80)(0.30)

10. b. No, and they are not mutually exclusive either.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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