<< 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

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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