<< Chapter < Page
  Introductory statistics     Page 13 / 36
Chapter >> Page >

89 . Applying the law of large numbers, which sample mean would expect to be closer to the population mean, a sample of size ten or a sample of size 100?

Use this information for the next three questions. A manufacturer makes screws with a mean diameter of 0.15 cm (centimeters) and a range of 0.10 cm to 0.20 cm; within that range, the distribution is uniform.

90 . If X = the diameter of one screw, what is the distribution of X ?

91 . Suppose you repeatedly draw samples of size 100 and calculate their mean. Applying the central limit theorem, what is the distribution of these sample means?

92 . Suppose you repeatedly draw samples of 60 and calculate their sum. Applying the central limit theorem, what is the distribution of these sample sums?

Practice test 2 solutions

Probability distribution function (pdf) for a discrete random variable

1 . The domain of X = {English, Mathematics,….], i.e., a list of all the majors offered at the university, plus “undeclared.”

2 . The domain of Y = {0, 1, 2, …}, i.e., the integers from 0 to the upper limit of classes allowed by the university.

3 . The domain of Z = any amount of money from 0 upwards.

4 . Because they can take any value within their domain, and their value for any particular case is not known until the survey is completed.

5 . No, because the domain of Z includes only positive numbers (you can’t spend a negative amount of money). Possibly the value –7 is a data entry error, or a special code to indicated that the student did not answer the question.

6 . The probabilities must sum to 1.0, and the probabilities of each event must be between 0 and 1, inclusive.

7 . Let X = the number of books checked out by a patron.

8 . P ( x >2) = 0.10 + 0.05 = 0.15

9 . P ( x ≥ 0) = 1 – 0.20 = 0.80

10 . P ( x ≤ 3) = 1 – 0.05 = 0.95

11 . The probabilities would sum to 1.10, and the total probability in a distribution must always equal 1.0.

12 . x ¯ = 0(0.20) + 1(0.45) + 2(0.20) + 3(0.10) + 4(0.05) = 1.35

Mean or expected value and standard deviation

13 .

x P ( x ) x P ( x )
30 0.33 9.90
40 0.33 13.20
60 0.33 19.80

14 . x ¯ = 9.90 + 13.20 + 19.80 = 42.90

15 . P ( x = 30) = 0.33
P ( x = 40) = 0.33
P ( x = 60) = 0.33

16 .

x P ( x ) xP ( x ) ( x μ ) 2 P ( x )
30 0.33 9.90 (30 – 42.90) 2 (0.33) = 54.91
40 0.33 13.20 (40 – 42.90) 2 (0.33) = 2.78
60 0.33 19.90 (60 – 42.90) 2 (0.33) = 96.49

17 . σ x = 54.91 + 2.78 + 96.49 = 12.42

Binomial distribution

18 . q = 1 – 0.65 = 0.35

19 .

  1. There are a fixed number of trials.
  2. There are only two possible outcomes, and they add up to 1.
  3. The trials are independent and conducted under identical conditions.

20 . No, because there are not a fixed number of trials

21 . X ~ B (100, 0.65)

22 . μ = np = 100(0.65) = 65

23 . σ x = n p q = 100 ( 0.65 ) ( 0.35 ) = 4.77

24 . X = Joe gets a hit in one at-bat (in one occasion of his coming to bat)

25 . X ~ B (20, 0.4)

26 . μ = np = 20(0.4) = 8

27 . σ x = n p q = 20 ( 0.40 ) ( 0.60 ) = 2.19

4.4: geometric distribution

28 .

  1. A series of Bernoulli trials are conducted until one is a success, and then the experiment stops.
  2. At least one trial is conducted, but there is no upper limit to the number of trials.
  3. The probability of success or failure is the same for each trial.

29 . T T T T H

30 . The domain of X = {1, 2, 3, 4, 5, ….n}. Because you are drawing with replacement, there is no upper bound to the number of draws that may be necessary.

Questions & Answers

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
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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