Statistics I - STA 3111 Ms. Laura Reisert Instructor |
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:: Back to Menu :: CHAPTER 2 Review Problem 1. A buyer for a lumber company must decide whether to buy a piece of land containing 5,000 pine trees. If 1,000 of the trees are at least 40 feet tall, the buyer will purchase the land; otherwise he will not. The owner of the land reports that the heights of the trees have a mean of 30 feet and a standard deviation of 3 feet. Based on this information, what is the buyer's decision? 2. Suppose a light bulb manufacturer claims that the mean lifetime of its bulbs is 35 hours. Assume you have prior knowledge that the bulb lifetimes have moundshapd distribution with a standard deviation of 5 hours. If the manufacturer's claim is true, approximately what percent of light bulbs will burn out in less than 20 hours?
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