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Probability and Statistics Review: Topics in Chapters 5-7 Name ______________________ Solve the following problems using the concepts in chapters 5-7. Show all work!!! 1. Phone bills for residents of Cincinnati are normally distributed and have a mean of $64 and a standard deviation of $9. Random samples of 36 phone bills are drawn from this population and the mean of each sample is determined. Find the mean and standard error of the mean of the sampling distribution. 2. The values below represent the arm lengths (in centimeters) of male machine operators. Construct the 90% confidence interval for the mean arm length. 76.8 70.9 75.6 71.7 69.3 69.4 75.7 72.5 75.5 72.2 71.2 68.5 72.5 75.9 71.9 73.0 3. In a random sample of 15 CD players brought in for repair, the average repair cost was $80 and the standard deviation was $14. Assuming that the repair costs are normally distributed, construct a 95% confidence interval for the population mean. Explain what this interval represents. Would a 98% confidence interval be larger or smaller? Why? (Decide without actually constructing the confidence interval) 4. The average sales price of an existing single-family house in the United States is $175,700. You randomly select 16 single-family houses. What is the probability that the mean sales price is more than $170,000? Assume that the sales prices are normally distributed with a standard deviation of $26,000. 5. During a certain week the mean price of gasoline in the New England region was = $1.080 per gallon. What is the probability that the mean price for a sample of 32 randomly selected gas stations in that area was between $1.075 and $1.090 that week. Assume that = $0.045. 6. A college admissions director wishes to estimate the mean age of all students currently enrolled. In a random sample of 35 students, the mean age is found to be 22.9 years. From past studies, the standard deviation is known 1.5 years. Construct a 90% confidence interval of the population mean age. 7. Prices for sound-system receivers are normally distributed, with a mean price of $625 and a standard deviation of $150. a. What is the probability that a randomly selected receiver costs less than $700? b. You randomly select 10 receivers. What is the probability that their mean cost is less than $700? Why are you able to do this problem even though the sample size is less than 30? 8. In crash tests of 15 minivans, collision repair costs are found to have a distribution that is roughly bell-shaped with a mean of $1786 and a standard deviation of $937. Construct the 99% confidence interval for the mean repair cost in all such vehicle collisions.