{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

SCM_200_HW4

# SCM_200_HW4 - SCM 200 Introduction to Statistics for...

This preview shows pages 1–4. Sign up to view the full content.

SCM 200 Introduction to Statistics for Business Spring 2008 Homework Assignment #4 Continuous Distributions Name: ______Ben Hollenbach ________________

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
SCM200 – Homework 4 Problem 1 μ Q 126 employees σ Q 11.07 Binomial PDF Normal Approximation PDF 5/12/2009 Page 2
SCM200 – Homework 4 Normal Approximation CDF P(Q>120) binomial .689 P(Q≥120) normal .7215 Binomial calculation with calculator If I try to find the answer with my calculator, it does not work. This is because the calculator is programmed to find the answer through other means that cause errors with the information that we give it. Normal Approx Justification We can use a normal approximation in this problem because every worker has the same probability of quitting, so the curve is naturally bell shaped and normal approximations can be used. Assumption comments Some people tend to quit more easily than other people, so there is doubtfully a flat quitting percentage of 2.8% for everyone.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}