ISS Statistics Paper I (Old Subjective Pattern): Questions 25 - 29 of 165

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Question number: 25

» Statistical Methods » Bivariate Distributions » Bivariate Normal Distribution

Appeared in Year: 2015

Essay Question▾

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Let (X, Y) be distributed as bivariate normal BVN (3, 1, 16, 25, 3/5). Calculate P (4 < Y < 11.84|X=7)

Explanation

We had known that the conditional distribution of Y given X has mean μY+ρσYσX(xμX) and variance σY2(1ρ2).

E(YX=7)=1+3… (87 more words) …

Question number: 26

» Statistical Methods » Tests of Significance » Z-Test

Appeared in Year: 2009

Essay Question▾

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A manufacturer of alkaline batteries expects that only 5 % of his products are defective. A random sample of 300 batteries contained 10 defectives. Can we conclude the proportion of defectives in the entire lot is less than 0.5 at 5 % level of significance?

Explanation

A random sample of 300 batteries contained 10 defectives. A manufacturer of alkaline batteries expects that only 5 % of his products are defective that is testing of hypothesis is

H 0: P = 0.05 against H 1: P < 0.05

Here n = 300, numbers of defectives… (139 more words) …

Question number: 27

» Statistical Methods » Tests of Significance » T-Test

Appeared in Year: 2010

Essay Question▾

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You are working as a purchase manager for a company. The following information has been supplied to you by two manufacturers of electric bulbs.

Company A

Company B

Mean life

1300

1288

Standard deviation

82

93

Sample size

100

100

Which brand of bulbs are you going to purchase if you desire to take a risk of 5%?

Explanation

Here the sample size is n = 100

The standard deviation and mean of two samples is different. The null hypothesis is the mean life of bulb of company A is equal to the mean life of bulb of company B and alternative its differ.

H0:μ1… (195 more words) …

Question number: 28

» Statistical Methods » Measures of Location

Appeared in Year: 2011

Essay Question▾

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Let Z be a random variable with p. d. f. f (z). Let z α be its upper α th quantile. Show that if X is

a random variable with p. d. f. 1σf(xμσ) then σz α +µ is the upper α th quantile of X.

Explanation

Let Z be a random variable with p. d. f. f (z). Given that the quantile of z is defined as

P[Z<z]=zf(t)dt=zα

X is a random variable with p. d. f.… (126 more words) …

Question number: 29

» Probability » Tchebycheffs Inequality

Appeared in Year: 2014

Essay Question▾

Describe in Detail

Show that for 40, 000 throws of a balanced coin, the probability is at least 0.99 that the proportion of heads will fall between 0.475 and 0.525.

Explanation

For balanced coin the probability is p = 0.5. For Bernoulli trails where n = 40, 000, the mean and standard deviation is

μ=40, 000×0.5=20, 000

σ=40, 000×0.5×0.5=100

Using Chebyshev’s inequality,

P(Xμ… (83 more words) …

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