The following table uses 1992data concerning the percentages of male and female full-time workers whose

annual salaries fall into different ranges:

Suppose that random samples of 200 male and 200 female full-time workers are chosen. Approximate the probability

that

(a) at least 70of the women earn \(25,000or more;

(b) at most 60percent of the men earn \)25,000or more;

(c) at least three-fourths of the men and at least half the women earn $20,000or more.

Short Answer

Expert verified

(A) 70of the women earning is 0.4407

(B) 60of the men earning is 0.6456

(C) At least three fourth of men and women earning is0.3974

Step by step solution

01

Step :1 Women earning  (part a) 

Construct the poisson distribution Nto symbolize the number of women earning $25,000or more. Nsim operator name in 0m(200,p), where pis the chance that a random woman earns $25,000or more. As can be seen from the table, p=0.34. We'll use the Normal approximation method. Obtain

E(N)=200×0.34=68Var(N)=200×0.34×0.66=44.88

P(N70)=1P(N<69)=1PN6844.88<696844.88

1Φ(0.1493)P(N70)=0.4407

02

Step :2  Men earning (part b)

Create a dependent vector. The quantity of males earning $25,000or more is denoted by the letter M. We have M~Binom(200,p), where pis the chance of random men earning p=0.587$25,000equals N120. We'll use the Average interpolation technique. Obtain

role="math" localid="1649529329060" E(N)=200×0.587=117.4Var(N)=200×0.587×0.413=48.49

which implies,

P(M120)=PM117.448.49<120117.448.49

Φ(0.3734)P(M120)=0.6456

03

Step :3 Three fourth earning (part c)

We're going to assume that men's and women's salaries are equal. Establish the random variables Xand Y, which represent the number of women and men in the sample who have a paycheck minus sign.

20,000ormore. WehavethatX~Binom(200,0.534),Y~Binom(200,0.745)

P(X100,Y150)=1PX106.849.7799.5106.849.771PY14938149.514938

=(1Φ(1.035))(1Φ(0.0811))

=0.8497×0.4677=0.3974

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