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Final Test

This document contains a final test with 4 questions about elementary statistics. Question 1 involves analyzing data from 12 branches of a company, including calculating the correlation between number of employees and monthly sales. Question 2 tests whether a typist's claimed typing speed matches experimental data. Question 3 calculates probabilities related to the number of days between billing and payment, modeled by a normal distribution. Question 4 sets up a linear programming problem to determine the optimal number of sedans and station wagons a car dealer should stock to maximize profit.

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tam tranchi
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138 views5 pages

Final Test

This document contains a final test with 4 questions about elementary statistics. Question 1 involves analyzing data from 12 branches of a company, including calculating the correlation between number of employees and monthly sales. Question 2 tests whether a typist's claimed typing speed matches experimental data. Question 3 calculates probabilities related to the number of days between billing and payment, modeled by a normal distribution. Question 4 sets up a linear programming problem to determine the optimal number of sedans and station wagons a car dealer should stock to maximize profit.

Uploaded by

tam tranchi
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FINAL TEST

FULL NAME: TRẦN CHÍ TÂM


INTAKE: AU14HCM
SUBJECT: ELEMENTARY STATISTICS

QUESTION 1  
A company has 12 branches. The number of employee and the monthly sales of
each branch are given in the table below:  
Number Monthly Sales
Branch Sales
of Employee ($000's)
1 4 2.04
2 5 2.41
3 4 2.51
4 7 3.66
5 6 3.21
6 9 5.01
7 7 4.06
8 8 4.21
9 6 3.31
10 7 3.06
11 4 2.86
12 5 3.01

a) Represent the data on a scatter graph. [10 marks] 

b) Find the correlation


6 r and make comment on it. [10 marks] 
5 r =0.914467473 in between +0.8 <+1
4
R2=0.83625076
Monthly  3
Conclusion:
Sales ($000's) There is strong positive correlation exists between the data,
83,6% that with
2 at least one employee increase monthly sales will increase.
1

0
3 4 5 6 7 8 9 10
No. of employee
b) Find the correlation r and make comment on it. [10 marks] 

r= 0.914467473 in between +0.8 <+1


R2= 0.83625076
Conclusion: There is strong positive correlation exists between the data,
83,6% that with at least one employee increase monthly sales will increase.

c) Find the regression line of best fit and add it to your scatter graph. [10 marks]

5
f(x) = − 0.01355555556 x⁵ + 0.44944444445 x⁴ − 5.84111111114 x³ + 37.1888888891 x² − 115.517000001 x
+4 142.170000001
R² = 0.867939785019745
Monthly  3
Sales ($000's)
2

0
3 4 5 6 7 8 9 10
No. of employee

d) Use the equation to forecast the monthly sales for a new store where it is
planned to employ 10 sales assistants. Comment on the outcome. [10 marks]  

a Slope = 0.466333333
b Intercept = 0.481166667
x 10
y = ax+b 5.145
Conclusion: There is forecast that the monthly sales for a new store where it is
planned to employ 10 sales assistants is $5145
QUESTION 2 
A typist claims a tying speed of 45 words per minute. On the basis of 70 trials, she
demonstrated an average speed of 43 words per minute with standard deviation of
15 words per minute. 
Test at 5% significance level on the typist’s claim. [20 marks] 

H0 The typist can type 45 words per minute


H1 The typist can type 43 words per minute
n= 70 trials
mean µ = 45 +/-15
x= 43
Zc = < -1,96 or > 1.96
Z= -1.115546702 > -1,96
Conclusion: Accept H0, Reject H1, i.e. There is sufficient evidence that the
typist can type 45 words per minute (with 95% confidence).

QUESTION 3 
Number of days between sending out a monthly bill and receiving payment follows
a normal distribution with mean µ = 16 days and standard deviation ƃ= 3 days.
Calculate and Comment on the outcome:  
mean µ = 16 days
standard deviation ƃ= 3 days
a. Probability a bill will not be paid until after 20 days? [5 marks] 
z= 0.90878878
P(x>20) = 0.09121122
Conclusion: 9.12% probability a bill will not be paid until after 20 days
b. Percentage of bills paid in less than 10 days? [5 marks] 
z= 0.022750132 2.28
Conclusion: 2,28% of bills paid in less than 10 days

c. Percentage of bills paid between 12 days and 19 days? [10 marks] 


x=12 z =0.09121122
x=19 z =0.84134475
Required Area = 0.75013353 75.01335263
Conclusion: Approximately 75,01% of bills paid between 12 days and 19 days
QUESTION 4 
The car dealer stocks two types of car: sedan and station-wagon and is trying to
decide how many of each to order. He needs to order the cars for delivery one
week in advance. He knows he will sell at least 60 cars altogether in a week, so he
will not order less than this amount. His contract with his manufacturer says he
must take at least 20 station-wagons, and he does not have space for more than 150
cars in total. Find the feasible region graphically. [10 marks]
If the car dealer makes $100 profit on a sedan and $200 profit on a station-wagon,
what should he stock to maximize its profit? [10 marks] 
Sedan x=0
Station-wagon y=150
Objective Function
Profit 100x+200y = 30000
x+y >= 60 150
x>=0 0
y>=20 150
x+y <=150 150
Conclusion: The car dealer needs to order 150 station-wagons to makes the
highest profit at $30000

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