<< Chapter < Page Chapter >> Page >

Continuous distribution

Class Time:

Names:

    Student learning outcomes

  • The student will compare and contrast empirical data from a random number generator with the uniform distribution.

Collect the data

Use a random number generator to generate 50 values between zero and one (inclusive). List them in [link] . Round the numbers to four decimal places or set the calculator MODE to four places.

  1. Complete the table.
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
  2. Calculate the following:
    1. x ¯ = _______
    2. s = _______
    3. first quartile = _______
    4. third quartile = _______
    5. median = _______

    Organize the data

  1. Construct a histogram of the empirical data. Make eight bars.
    Blank graph with relative frequency on the vertical axis and X on the horizontal axis.
  2. Construct a histogram of the empirical data. Make five bars.
    Blank graph with relative frequency on the vertical axis and X on the horizontal axis.

    Describe the data

  1. In two to three complete sentences, describe the shape of each graph. (Keep it simple. Does the graph go straight across, does it have a V shape, does it have a hump in the middle or at either end, and so on. One way to help you determine a shape is to draw a smooth curve roughly through the top of the bars.)
  2. Describe how changing the number of bars might change the shape.

    Theoretical distribution

  1. In words, X = _____________________________________.
  2. The theoretical distribution of X is X ~ U (0,1).
  3. In theory, based upon the distribution X ~ U (0,1), complete the following.
    1. μ = ______
    2. σ = ______
    3. first quartile = ______
    4. third quartile = ______
    5. median = __________
  4. Are the empirical values (the data) in the section titled Collect the Data close to the corresponding theoretical values? Why or why not?

    Plot the data

  1. Construct a box plot of the data. Be sure to use a ruler to scale accurately and draw straight edges.
  2. Do you notice any potential outliers? If so, which values are they? Either way, justify your answer numerically. (Recall that any DATA that are less than Q 1 – 1.5( IQR ) or more than Q 3 + 1.5( IQR ) are potential outliers. IQR means interquartile range.)

    Compare the data

  1. For each of the following parts, use a complete sentence to comment on how the value obtained from the data compares to the theoretical value you expected from the distribution in the section titled Theoretical Distribution .
    1. minimum value: _______
    2. first quartile: _______
    3. median: _______
    4. third quartile: _______
    5. maximum value: _______
    6. width of IQR : _______
    7. overall shape: _______
  2. Based on your comments in the section titled Collect the Data , how does the box plot fit or not fit what you would expect of the distribution in the section titled Theoretical Distribution ?

    Discussion question

  1. Suppose that the number of values generated was 500, not 50. How would that affect what you would expect the empirical data to be and the shape of its graph to look like?

Questions & Answers

What are the factors that affect demand for a commodity
Florence Reply
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Introductory statistics' conversation and receive update notifications?

Ask