In an effort to cut costs and improve profits, any US companies have been turning to outsourcing. In fact, according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years. Suppose 555 of these companies are contacted.

Required:
a. What is the probability that 338 or more companies outsourced some part of their manufacturing process in the past two or three years? Write your answer as a percentage rounded to two decimal places.
b. What is the probability that 285 or more companies outsourced some part of their manufacturing process in the past two or three years? Write your answer as a percentage rounded to two decimal places.
c. What is the probability that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years? Write your answer as a percentage rounded to two decimal places.

Answers

Answer 1

Answer:

a) 0.06% probability that 338 or more companies outsourced some part of their manufacturing process in the past two or three years.

b) 90.15% probability that 285 or more companies outsourced some part of their manufacturing process in the past two or three years.

c) 0.23% probability that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years.

Step-by-step explanation:

For questions a and b, the normal approximation to the binomial is used, while for question c, the central limit theorem is used.

Binomial probability distribution

Probability of exactly x successes on n repeated trials, with p probability.

Can be approximated to a normal distribution, using the expected value and the standard deviation.

The expected value of the binomial distribution is:

[tex]E(X) = np[/tex]

The standard deviation of the binomial distribution is:

[tex]\sqrt{V(X)} = \sqrt{np(1-p)}[/tex]

Normal probability distribution

Problems of normally distributed distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

When we are approximating a binomial distribution to a normal one, we have that [tex]\mu = E(X)[/tex], [tex]\sigma = \sqrt{V(X)}[/tex].

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years.

This means that [tex]p = 0.54[/tex]

555 of these companies are contacted.

This means that [tex]n = 555[/tex]

Mean and standard deviation: Normal approximation to the binomial:

[tex]\mu = E(X) = np = 555*0.54 = 299.7[/tex]

[tex]\sigma = \sqrt{V(X)} = \sqrt{np(1-p)} = \sqrt{555*0.54*0.46} = 11.74[/tex]

a. What is the probability that 338 or more companies outsourced some part of their manufacturing process in the past two or three years?

Using continuity correction, this is [tex]P(X \geq 338 - 0.5) = P(X \geq 337.5)[/tex], which is 1 subtracted by the p-value of Z when X = 337.5. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{337.5 - 299.7}{11.74}[/tex]

[tex]Z = 3.22[/tex]

[tex]Z = 3.22[/tex] has a p-value of 0.9994.

1 - 0.9994 = 0.0006

0.0006*100% = 0.06%

0.06% probability that 338 or more companies outsourced some part of their manufacturing process in the past two or three years.

b. What is the probability that 285 or more companies outsourced some part of their manufacturing process in the past two or three years?

Using continuity correction, this is [tex]P(X \geq 285 - 0.5) = P(X \geq 284.5)[/tex], which is 1 subtracted by the p-value of Z when X = 284.5. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{284.5 - 299.7}{11.74}[/tex]

[tex]Z = -1.29[/tex]

[tex]Z = -1.29[/tex] has a p-value of 0.0985.

1 - 0.0985 = 0.9015

0.9015*100% = 90.15%

90.15% probability that 285 or more companies outsourced some part of their manufacturing process in the past two or three years.

c. What is the probability that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years?

Now we use the sampling distribution of the sample proportions, which have:

[tex]\mu = p = 0.54[/tex]

[tex]s = \sqrt{\frac{0.54*0.46}{555}} = 0.0212[/tex]

The probability is the p-value of Z when X = 0.48. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{0.48 - 0.54}{0.0212}[/tex]

[tex]Z = -2.84[/tex]

[tex]Z = -2.84[/tex] has a p-value of 0.0023.

0.0023*100% = 0.23%

0.23% probability that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years.


Related Questions

Which equation is represented by the graph below?

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Hello,

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Step-by-step explanation:

Since ln(1)=0

if x=1 then y=4 ==> y=ln(x)+4

y=ln(x) is translated up for 4 units.

The average of two numbers is 5x. If one of the numbers is 2x + 3, find the other number.

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Answer:

8x-3

Step-by-step explanation:

Average of 2 numbers means add the two numbers and divide by 2

(y+z)/2 = 5x

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(y+2x+3)/2 = 5x

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y+2x+3 = 10x

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y+3 = 10x-2x

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A dodgeball team at Lincoln Elementary School needs a team of 4 in order to compete against other schools. If there are 9 kids that want to be part of the team, how many different ways can you pick a team of 4

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3 ways

Step-by-step explanation:

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Step-by-step explanation:

how many feet is in one centimeter and how many inches is in 1 feet?​

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Answer:

12 inches r in a foot

0 feet r in a centimeter

Step-by-step explanation:

Answer:

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The perimeter of a triangle is 83 centimeters. If two sides are equally long and the third side is 8 centimeters longer than the others, find the lengths of the three sides.

Answers

Answer:

25, 33

Step-by-step explanation:

let the length of the one with equal sides be x

third side = x+8

x+x+x+8 = 83

3x+8 = 83

3x = 75

x = 25

x+8 = 25+8 = 33

Find the multiplicative inverse of: -3/7 X -4/9

Answers

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

[tex]\frac{21}{4}[/tex]

»»————- ★ ————-««  

Here’s why:  

⸻⸻⸻⸻

[tex]\boxed{\text{Calculating the answer...}}\\\\---------------\\\rightarrow -\frac{3}{7} * -\frac{4}{9}\\\\\rightarrow \frac{12}{63} \\\\\rightarrow \frac{12/3}{63/3}\\\\\rightarrow\boxed{\frac{4}{21}}\\--------------\\\rightarrow \frac{4}{21}* x= 1\\\\\rightarrow (21)*\frac{4}{21}x= 1(21)\\\\\rightarrow 4x=21\\\\\rightarrow \frac{4x=21}{4}\\\\\rightarrow \boxed{x=\frac{21}{4}}[/tex]

»»————- ★ ————-««  

Hope this helps you. I apologize if it’s incorrect.  

Evaluate the expression: y – y ÷ 1 + x Use x = 7 and y = 3

Answers

Hi ;-)

[tex]x=7 \ and \ y=3\\\\y-y:1+x=3-3:1+7=3-3+7=0+7=\boxed7[/tex]

Addition prop of equality
subtraction prop of quality
multiplication prop of equality
Division prop of equality
simplifying
distrib prop

Answers

1 multiplication prop
2simplifying
3 Addition prop
4 simplifying

evaluate the function f(x)=4x^2-7x+7 find f(7)​

please I need the answer soon!

Answers

9514 1404 393

Answer:

  f(7) = 154

Step-by-step explanation:

The basic idea is you put 7 where x is and do the arithmetic.

Polynomial evaluation is sometimes easier if you rewrite it to Horner form.

  f(x) = (4x -7)x +7

  f(7) = (4·7 -7)(7) +7 = 21(7) +7 = 147 +7

  f(7) = 154

Probability that a person is chosen at random

Answers

Answer:

152 / 370

Step-by-step explanation:

Total number of people

152+218 = 370

P( own a dog) = people said yes / total

                       = 152 / 370

A tour bus is traveling along a triangular path. The three straight lines form a right triangle. One leg of the triangle represents a distance of 8 miles. The other leg of the triangle is 4 miles shorter than the hypotenuse. What is the length of the hypotenuse of this​ triangle? Of the other​ leg?

Answers

Answer:

Hypotenuse=10 miles.

Short leg=6 miles.

Step-by-step explanation:

Set up triangle, leg 8 miles, hypotenuse x miles, short leg x-4 miles.Input into Pythagoras theorem.Simplify.

What is A11 for the geometric sequence 3,072, −1,536, -768, −384...?

Answers

Answer:

3

Step-by-step explanation:

The general formula of the series is 3072/(-2)^(n-1). A11=3072/(-2)^10=3

Subtract the integers. 22−​(−10​)​

Answers

Answer:

32

Step-by-step explanation:

Step 1: change 22 - ( -  10) into 22 + 10

Step 2: solve it like normal

If the terminal side of an angle (θ) goes through the point (4 , -3) what is (θ)?

Answers

Answer:

The family of directions of the given vector is represented by [tex]\theta = 323.130^{\circ} \pm 360\cdot i[/tex], [tex]\forall \,i\in \mathbb{N}_{O}[/tex].

Step-by-step explanation:

According to the given information, vector stands in the 4th Quadrant ([tex]x > 0[/tex], [tex]y < 0[/tex]) and direction of the vector ([tex]\theta[/tex]) in sexagesimal degrees, is determined by following definition:

[tex]\theta = 360^{\circ} - \tan^{-1} \left(\frac{|y|}{|x|} \right)\pm 360\cdot i[/tex], [tex]\forall \,i\in \mathbb{N}_{O}[/tex]

Please notice that angle represents a function with a periodicity of 360°.

If we know that [tex]x = 4[/tex] and [tex]y = -3[/tex], then the direction of the vector is:

[tex]\theta = 360^{\circ}-\tan^{-1}\left(\frac{|-3|}{|4|} \right)\pm 360\cdot i[/tex]

[tex]\theta = 323.130^{\circ} \pm 360\cdot i[/tex]

The family of directions of the given vector is represented by [tex]\theta = 323.130^{\circ} \pm 360\cdot i[/tex], [tex]\forall \,i\in \mathbb{N}_{O}[/tex].

WORTH 100 POINTS!
The function h(x) is quadratic and h(3) = h(-10) = 0. Which could represent h(x)?

1) h(x) = x2 - 13x - 30
2) h(x) = x2 - 7x - 30
3) h(x) = 2x2 + 26x - 60
4) h(x) = 2x2 + 14x - 60

Answers

Answer:

h(x) = 2x^2 +14x -60

Step-by-step explanation:

A quadratic is of the form

h(x) = ax^2 + bx +c

h(3) = h(-10) = 0

This tells us that the zeros are at x=3 and x = -10

We can write the equation in the form

h(x) = a( x-z1)(x-z2) where z1 and z2 are the zeros

h(x) = a(x-3) (x- -10)

h(x) = a(x-3) (x+10)

FOIL

h(x) = a( x^2 -3x+10x-30)

h(x) = a(x^2 +7x -30)

Let a = 2

h(x) = 2x^2 +14x -60

It means

zeros are 3 and -10

Form equation

y=x²-(3-10)x+(-10)(3)y=x²+7x-30

Multi ply by 2

y=2x²+14x-60

Option D

8x=3x²-1 plz help me show your work

Answers

Answer:

Step-by-step explanation:

3 times 8= 24 • 24 = 576 - 1 =575

or

3•8=24•2=48-1=47

not sure

Answer:

The answer is [tex]x=\frac{4(+-)\sqrt{19} }{3}[/tex] in exact form or [tex]x=2.7863[/tex], [tex]x=-0.1196[/tex] in decimal form.

Step-by-step explanation:

To solve this equation, start by moving all expression to the left side of the equation, which will include subtracting [tex]3x^2[/tex] and adding 1 to both sides of the equation. The equation will look like [tex]8x-3x^2+1=0[/tex].

Then, use the quadratic formula to find the solutions to the equation. The quadratic formula looks like [tex]\frac{-b(+-)\sqrt{b^2-4ac} }{2a}[/tex].

For this problem, the quadratic variables are as follows:

[tex]a=-3\\b=8\\c=1[/tex]

The next step is to substitute the values [tex]a=-3[/tex], [tex]b=8[/tex], and [tex]c=1[/tex] into the quadratic formula and solve for x. The quadratic formula will look like [tex]\frac{-8(+-)\sqrt{8^2-4(-3)(1)} }{2*-3}[/tex]. To simplify the equation, start by simplifying the numerator, which will look like [tex]x=\frac{-8(+-)2\sqrt{19} }{2*-3}[/tex]. Then, multiply 2 by -3 and simplify the equation, which will look like [tex]x=\frac{4(+-)\sqrt{19} }{3}[/tex]. The final answer is [tex]x=\frac{4(+-)\sqrt{19} }{3}[/tex] in exact form. In decimal form, the final answer is [tex]x=2.7863[/tex], [tex]x=-0.1196[/tex].

Translate this phrase into an algebraic expression.
61 less than twice Jenny's age
Use the variable j to represent Jenny's age.

Answers

ANSWER: 2j-61
j = Jenny's age

10. (30-i)-(18+6i)+30i

Answers

Answer:

[tex]12+23i[/tex]

Step-by-step explanation:

[tex](30−i)−(18+6i)+30i[/tex]

[tex]30−i−18−6i+30i[/tex]

[tex]12−i−6i+30i[/tex]

[tex]12−7i+30i[/tex]

[tex]12+23i[/tex]

Hope it is helpful....

Find the value of this expression

Answers

Answer:

[tex] \frac{(3) ^{2} + 3}{3 - 1} [/tex]

[tex] \frac{9 + 3}{3 - 1} [/tex]

[tex] \frac{12}{2} [/tex]

= 6

Answer: 6

Replace the x with 3

3^2

=3x3

=9

9+3=

3-1=2


(12/2) =( 6/1)

= 6

If per unit variable cost of a product is Rs.8 and fixed cost is Rs 5000 and it is sold for Rs 15 per unit, profit in 1000 units is.......
a.. rs 7000
b. rs 2000
c. rs 25000
d. rs 0​

Answers

Answer:

a.. rs 7000

Because 15×1000=15000 it is SP when selling 1000units in the rate of Rs 15/unit& 8×1000=8000 this is cp when buying 1000 units in the rate of Rs 8/unit.

So,by formula of profit,

Rs (15000-8000)=Rs7000

what is the area of triangle JHK?​

Answers

9514 1404 393

Answer:

  4.18 square units

Step-by-step explanation:

The area is given by the formula ...

  A = 1/2bh

where b is the length of the base, and h is the perpendicular distance from the base to the opposite vertex.

  A = 1/2(2.2)(3.8) = 4.18 . . . square units

if point B is the midpoint of points A and C, find the value of x and AC. AB= 5x - 2, BC= 9x -10

Answers

9514 1404 393

Answer:

x = 2AC = 16

Step-by-step explanation:

The midpoint divides the segment into two equal lengths:

  AB = BC

  5x -2 = 9x -10

  8 = 4x

  2 = x

  AB = 5(2) -2 = 8

  AC = 2AB = 2(8) = 16

x = either 100 , 140 , or 120

Answers

ANSWER EXPLANATION: 140

The circle is split into halves, so we know that the degree for the circumference is 180°. Then to find x, you add 30° and 10° which is 40° and subtract from 180° to get 140°.

A.) V’ (-3,-5), K’ (-1,-2), B’ (3,-1), Z’(2,-5)

B.) V’(-4, 1), K’(-2, 4), B(2,5) Z’ (1, 1)

C.) V’ (-3,-4), K’(-1,-1) B’ (3,0), Z’(2,-4)

D.) V’ (-1,0), K’ (1, 3), B’(5,4), Z’(4,0)

Answers

Answer:

C

Step-by-step explanation:

this is a "translation" - a shift of the object without changing its shadow and size.

this shift is described by a "vector" - in 2D space by the x and y distances to move.

we have here (1, 0) - so, we move every point one unit to the right (positive x direction) and 0 units up/down.

therefore, C is the right answer (the x coordinates of the points are increased by 1, the y coordinate are unchanged).

A 230 pound man, a 140 pound woman, a 750 pound crate of equipment, an 80 pound bag of concrete. What percent of the total weight was concrete?
What percent of the total weight was human?

Answers

Concrete percent: 80/1200 = .0666666 = 6.7%
Human percent: 370/1200 = .308333 = 30.8 %

An automobile manufacturer has given its jeep a 51.3 miles/gallon (MPG) rating. An independent testing firm has been contracted to test the actual MPG for this jeep since it is believed that the jeep has an incorrect manufacturer's MPG rating. After testing 230 jeeps, they found a mean MPG of 51.1. Assume the population variance is known to be 6.25. A level of significance of 0.02 will be used. Make the decision to reject or fail to reject the null hypothesis.

Answers

Answer:

The p-value of the test is 0.2262 > 0.02, which means that the decision is to fail to reject the null hypothesis.

Step-by-step explanation:

An automobile manufacturer has given its jeep a 51.3 miles/gallon (MPG) rating.

At the null hypothesis, we test if the mean is of 51.3, that is:

[tex]H_0: \mu = 51.3[/tex]

An independent testing firm has been contracted to test the actual MPG for this jeep since it is believed that the jeep has an incorrect manufacturer's MPG rating.

This means that at the alternative hypothesis, we test if the mean is different of 51.3, that is:

[tex]H_0: \mu \neq 51.3[/tex]

The test statistic is:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

In which X is the sample mean, [tex]\mu[/tex] is the value tested at the null hypothesis, [tex]\sigma[/tex] is the standard deviation and n is the size of the sample.

51.3 is tested at the null hypothesis:

This means that [tex]\mu = 51.3[/tex]

After testing 230 jeeps, they found a mean MPG of 51.1. Assume the population variance is known to be 6.25.

This means that [tex]n = 230, X = 51.1, \sigma = \sqrt{6.25} = 2.5[/tex]

Value of the test statistic:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

[tex]z = \frac{51.1 - 51.3}{\frac{2.5}{\sqrt{230}}}[/tex]

[tex]z = -1.21[/tex]

P-value of the test and decision:

The p-value of the test is the probability of the sample mean differing from 51.1 by at least 0.2, which is P(|z| > 1.21), which is 2 multiplied by the p-value of z = -1.21.

Looking at the z-table, z = -1.21 has a p-value of 0.1131.

2*0.1131 = 0.2262

The p-value of the test is 0.2262 > 0.02, which means that the decision is to fail to reject the null hypothesis.

The percent of data between z=0.23 and z = 1.27 is
(Round to two decimal places as needed.)

Answers

Answer:

0.40905 - 0.10204 = .30701 = 30.7 %

Step-by-step explanation:

0.23 0.40905

1.27 0.10204

How to divided 245 by 70
Show your work

Answers

Answer:

Step-by-step explanation:

Hello!

          2          4              5          ∟ 70

        -2           1                                 3, 5

------------------------

                      3              5        0

                      3              5       0

                -   --------------------------------

                     0                0        0

Illustrate the 7th pattern of the sequence of square numbers. ​

Answers

1,4,9,16,25,36,49,........

7th pattern =49.....

Answer:

1, 4, 9, 16, 25, 36, 49…................the 7 the pattern is 49

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