Describe the point estimate normal probability distribution


Question: Television viewing reached a new high when the Nielsen Company reported a mean daily viewing time of 8.35 hours per household (USA Today). Use a normal probability distribution with a standard deviation of 2.5 hours to answer the following questions about daily television viewing per household.

1: What is the probability that a household views television less than 7 hours?

2: What is the probability that a household views television between 7 and 8 hours a day?

3: How many hours of television viewing must a household have in order to be in the top 5% of all television viewing households?

Lori Jeffery is a successful sales representative for a major publisher of college textbooks. Historically, Lori obtains a book adoption on 25% of her sales calls. Viewing her sales calls for one month as sample of all possible sales calls, assume that a statistical analysis of the data yields a standard error of the proportion of 0.0625.

4: What is the probability that Lori will obtain bock adoptions on 35% or more of her sales calls during a one-month period?

An application of Excel "Data Analysis - Descriptive Statistics"

A simple random sample of ten employees of a large corporation provided the following information.

Employee

Age

1

30

2

33

3

24

4

41

5

50

6

53

7

21

S

26

9

38

10

48

5: Determine the point estimate for the average age of all employees using Excel "Data Analysis: Descriptive Statistics" function.

6: What is the point estimate for the standard deviation of the average age of all employees?

7: Describe the point estimate, normal probability distribution. Find standard normal probability distribution in detail (One double space typed page).

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Accounting Basics: Describe the point estimate normal probability distribution
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