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Problem 10
Calculate the standard deviation of \(X\) for each probability distribution. (You calculated the expected values in the last exercise set. Round all answers to two decimal places.) $$ \begin{array}{|c|c|c|c|c|} \hline x & 1 & 2 & 3 & 4 \\ \hline \boldsymbol{P}(\boldsymbol{X}=\boldsymbol{x}) & .1 & .2 & .5 & .2 \\ \hline \end{array} $$
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What percentage of U.S. families earned an after-tax income of \(\$ 80,000\) or more?
Your pet tarantula, Spider, has a .12 probability of biting an acquaintance who comes into contact with him. Next week, you will be entertaining 20 friends (all of whom will come into contact with Spider). a. How many guests should you expect Spider to bite? b. At your last party, Spider bit 6 of your guests. Assuming that Spider bit the expected number of guests, how many guests did you have?
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You are a manager in a precision manufacturing firm and you must evaluate the performance of two employees. You do so by examining the quality of the parts they produce. One particular item should be \(50.0 \pm 0.3 \mathrm{~mm}\) long to be usable. The first employee produces parts that are an average of $50.1 \mathrm{~mm}\( long with a standard deviation of \)0.15 \mathrm{~mm}$. The second employee produces parts that are an average of \(50.0 \mathrm{~mm}\) long with a standard deviation of \(0.4 \mathrm{~mm}\). Which employee do you rate higher? Why? (Assume that the empirical rule applies.)
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