7) Based on past data, the sample mean of the
credit card purchases at a large...
7) Based on past data, the sample mean of the
credit card purchases at a large department store is $45. µ=17
population standard deviation is 8.
a)
What % of samples are likely to have between 20 and
30?
_________,
b)
Between what two values 90% of sample means
fall?
Formula__________________________
_________,
c)
Below what value 99% of sample means fall?
Formula__________________________
_________,
d)
Above what value only 1% of sample means
fall??
Formula__________________________ ...
1)Given a sample mean is82, the sample size is 100and the
population standard deviation is 20....
1)Given a sample mean is82, the sample size is 100and the
population standard deviation is 20. Calculate the margin of error
to 2 decimalsfor a 90% confidence level.
2)Given a sample mean is 82, the sample size is 100 and the
population standard deviation is 20. Calculate the confidence
interval for 90% confidence level. What is the
lower limit value to 2 decimals?
3)Given a sample mean is 82, the sample size is 100 and the
population standard deviation is...
The following is a sample of sanitation scores for 20
cruise ships.
97, 88, 81, 87,...
The following is a sample of sanitation scores for 20
cruise ships.
97, 88, 81, 87, 90, 89, 82, 88, 92, 92, 86, 82, 99, 86, 93, 82,
94, 90, 89, 92
A) Find the mean and standard deviation of the
sanitation scores.
x = _____
S = _____
B) Calculate the intervals x̅ ± s , x̅
± 2s, x̅ ± 3s :
x̅ ± s = ( ___ , ___ )
x̅ ± 2s = ( ___ ,...
1. Calculate the mean and standard deviation for the numbers 1 –
20.
i.e.) 1, 2,...
1. Calculate the mean and standard deviation for the numbers 1 –
20.
i.e.) 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16,
17, 18, 19, 20
Note: The set of numbers will be considered the population.
µ = _______σ = ________
2. With your calculator, randomly generate 5 numbers from the
numbers 1 – 20, 30 times.
Use:[MATH]>>>PRB #5
RandInt(1,20,5)[ENTER]Note: You cannothave the same number
repeated in the group of 5.
For...
1- If variance of a data set is 0.04, then the variance of the
same data...
1- If variance of a data set is 0.04, then the variance of the
same data set is:
2- Variance of 6, 6, 6, 6, 6, 6, 6 is
3- The mean weight of students in a class is 100 and standard
deviation is 21 What is the standard deviation of sample means of
sample size 49.
4- Average weight of a large class is normally distributed with
mean 70 kg and standard deviation 5 kg. One student is randomly...
1) Which of the following does not generally decrease the
variance of the OLS estimator of...
1) Which of the following does not generally decrease the
variance of the OLS estimator of slope βˆ1?
a) Increasing the variance of the error term, b) Increasing the
sample size, c) None of the above, d) Increasing the variance of
the independent variable
2) If the independent variable is a binary variable then which
of the following is true?
a)β0 is a population mean for the group with a value of 1 for
the independent variable,
b) β1 is...