Question

Consider the following sample dataset: 68359 i. Obtain the mean and variance (3 marks) ii. If...

  1. Consider the following sample dataset: 68359

i. Obtain the mean and variance

ii. If the sample number is subtracted from each of the value of the dataset, which of the above two parameters will remain unchanged? Explain briefly. (Note that no marks are awarded without an explanation.)

Homework Answers

Answer #1

(i)sample data set is 6 8 3 5 9

Mean = (sum of all data values)/(total number of data values)

= (6+8+3+5+9)/5

= 6.2

and

variance =

using the data values

(ii) sample number is sample size, which is equal to 5. If we subtract 5 from each value, then new data set will be

1,3,-2,0,4

In this case, mean will be changed because the sum of all values is reduced, but the number of data values remain same, i.e. 5.

So, mean will be reduced.

Variance will remain unchanged because the variance is the measure of spread of data and spread of data or difference between the data values is still same irrespective of subtracting 5 from each value.

Therefore, mean will change and variance will remain unchanged.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Consider a parent population with a mean of 50, a variance of 100, from which a...
Consider a parent population with a mean of 50, a variance of 100, from which a random sample of n=64 is drawn.   What would be the upper bound of a 95% confidence interval for the sample mean? T/F Again, with the same parameters, a value of the sample mean less than 49 would be unlikely. T/F If a contention is made that the true mean is 50 or greater, but a sample mean of 49 is observed, that hypothesis could...
As the sample size increases, which of the following are true: I) The sample mean tends...
As the sample size increases, which of the following are true: I) The sample mean tends to fall closer to the population mean II) The sampling distribution of the sample mean xbar approximates the population distribution III) The standard deviation decreases. Is the answer for this both I and III? if not please explain (wasnt sure about II)
1. [47 marks] Consider the nutritional energetic contributions of sugars and fats. a. (4 marks) In...
1. [47 marks] Consider the nutritional energetic contributions of sugars and fats. a. In the spaces below, draw out the linear form of fructose and oleate. Fructose: Oleate: b. With an arrow, point to each carbon atom (or groupings of carbon atoms) in the structures above and indicate the oxidations state (oxidation number) of each. c. Calculate weighted average oxidation number of carbon in each molecule. Fructose Average O.N. of carbon = _____________ Oleate Average O.N. of carbon = _____________...
In each of the following scenarios, i. Identify whether the data are paired or independent. ii....
In each of the following scenarios, i. Identify whether the data are paired or independent. ii. Consider whether a design that produces the “other type” of two-sample data might be preferable (for example, if the data are paired, consider whether a design that produces independent data might be preferable). If so, briefly describe the alternative study design. If not, briefly explain why the design presented in the question statement is preferable. For each scenario, limit your description/explanation to at most...
Consider the following simultaneous-move, one-shot game facing two firms (Firm I and Firm II), with the...
Consider the following simultaneous-move, one-shot game facing two firms (Firm I and Firm II), with the payoffs given in Table1. The firms are not able to coordinate or communicate. Each firm has three strategic options (options A, B and C for Firm I and D, E and F for Firm II). Table 1 Firm II Firm I Strategy D E F A 100, 125 300, 250 200, 260 B 250, 0 350, 300 340, 400 C 0, -100 400, 300...
Please solve the following showing all the steps. Using the sample mean, variance, and standard deviation...
Please solve the following showing all the steps. Using the sample mean, variance, and standard deviation equations with steps. I don't know how to do this and would like to learn. Also, is this considered a loaded dice? Consider the roll of two dice. Let X be a random variable representing the sum of the number of dots appearing on each of the dice. The probabilities of each possible value of X are as follows: 2 1/36 3 2/36 4...
[3 marks] Consider the following statements about solutions  f (x) of the differential equation y′  = ...
[3 marks] Consider the following statements about solutions  f (x) of the differential equation y′  =  (xy − 7y − 9x + 63)esin x. (i) There is no k such that  f (x)  =  k is a solution. (ii) If  f (x)  <  9 then  f (x) is decreasing for x  <  0. (iii) If  f (x)  <  0, then  f (x) is increasing when x  >  7. Determine which of the above statements are True or False .
Consider the following Cobb-Douglass production function?≡??(?,?):?=??1/3?2/3 where Y is output, the constant z measures productivity, K...
Consider the following Cobb-Douglass production function?≡??(?,?):?=??1/3?2/3 where Y is output, the constant z measures productivity, K is physical capital, and N is labor. Suppose ?=2, ?=0.16, ?=0.06, and ?=0.02. a. What are the steady-state (numerical) values of ?, ?, and ?? b. What is the golden-rule (numerical) level of capital per worker? c. If the government wants to achieve the golden rule level of k, should savings increase, decrease or remain unchanged? Solve for/obtain its (numerical) value. Explain briefly.
Consider the following two investment alternatives, in which Alternative II is more economically attractive than Alternative...
Consider the following two investment alternatives, in which Alternative II is more economically attractive than Alternative I: Alternative I Alternative II Initial Investment $10,000 $40,000 Useful life 5 years 10 years Terminal market value $1,000 $5,000 Annual expenses $12,250 $7,000 EUAC (12%), approx. $14,867 $13,800 Determine the percent change in the annual expenses for Alternative I that would make the two investments equally attractive. (Enter your answer as a positive or negative number without the percent % sign.)
Multiple regression model Consider a dataset for 500 students living in Melbourne with the following variables...
Multiple regression model Consider a dataset for 500 students living in Melbourne with the following variables measured in 2019 --- expenditure on public transport, ?E, measured in dollars; number of days he/she attended school, ?S; number of days not attended school, ??NS (which is equal to 365−?365−S); income, ?I, measured in dollars; and age in year, ?A. A researcher is interested in estimating the following model using Eviews: ??=?1+?2??+?3???+?4??+?5??+??Ei=β1+β2Si+β3NSi+β4Ii+β5Ai+ei. Without any further information, we know for sure that one assumption...