Discuss the below:
A company that sells annutities must base the annual payout on the probability distribution of the length of life of the participants in the plan. Suppose the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 3.5 years. Find the age at which payments have ceased for approximately 86% of the plan participants.
A company that sells annuitites must base the annual payout on the probability distribution of the length of life of the participants in the plan. Suppose the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and and a standard deviation of 3.5 years. What proportion of the plan recipients would recieve payments beyond age 75?
A national trend predicts that women will account for half of all business travelers in the next 3 years. To attract these women business travelers, hotels are providing more amenities that women particularly like. A recent survey of american hotels found that 70% offer hairdryers in the bathrooms. Consider a random and independent sample of 20 hotels. Find the probability of all the hotels in the sample that offer hairdryers in the bathrooms.
A national trend predicts that women will account for half of all business travelers in the next 3 years. To attract these women business travelers, hotels are providing more amenities that women particularly like. A recent survey of american hotels found that 70% offer hairdryers in the bathrooms. Consider a random and independent sample of 20 hotels. Find the probability that at least 9 of the hotels in the sample do not offer hairdryers in the bathrooms.
The amount of time necessary for assembly line workers to complete a product is a normal random variable with a mean of 15 minutes and a standard deviation of 2 minutes. The probability is __________ that a product is assembled between 16 and 21 minutes.
A campus program evenly enrolls undergraduate and graduate students. If a random sample of 4 students is selected from the program to be interviewed about the introduction of a new fast food outlet on the ground floor of the campus building, what is the probability that all 4 students selected are undergraduate students?
0.0256
0.0625
0.16
1.00