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83 . Σ X N ( n μ x , ( n ) ( σ x ) ) so Σ X N ( 4000 , 28.3 )

84 .The probability is 0.50, because 5,000 is the mean of the sampling distribution of sums of size 40 from this population. Sums of random variables computed from a sample of sufficient size are normally distributed, and in a normal distribution, half the values lie below the mean.

85 . Using the empirical rule, you would expect 95 percent of the values to be within two standard deviations of the mean. Using the formula for the standard deviation is for a sample sum: ( n ) ( σ x ) = ( 40 ) ( 7 ) = 44.3 so you would expect 95 percent of the values to be between 5,000 + (2)(44.3) and 5,000 – (2)(44.3), or between 4,911.4 and 588.6.

86 . μ ( n ) ( σ x ) = 5000 ( 40 ) ( 7 ) = 4955.7

87 . 5000 + ( 2.2 ) ( 40 ) ( 7 ) = 5097.4

7.3: using the central limit theorem

88 . The law of large numbers says that as sample size increases, the sample mean tends to get nearer and nearer to the population mean.

89 . You would expect the mean from a sample of size 100 to be nearer to the population mean, because the law of large numbers says that as sample size increases, the sample mean tends to approach the population mea.

90 . X ~ N (0.10, 0.20)

91 . X ¯ N ( μ x , σ x n ) and the standard deviation of a uniform distribution is b a 12 . In this example, the standard deviation of the distribution is b a 12 = 0.10 12 = 0.03
so X ¯ N ( 0.15 , 0.003 )

92 . Σ X N ( ( n ) ( μ x ) , ( n ) ( σ x ) )  so  Σ X N ( 9.0 , 0.23 )

Practice test 3

8.1: confidence interval, single population mean, population standard deviation known, normal

Use the following information to answer the next seven exercises. You draw a sample of size 30 from a normally distributed population with a standard deviation of four.

1 . What is the standard error of the sample mean in this scenario, rounded to two decimal places?

2 . What is the distribution of the sample mean?

3 . If you want to construct a two-sided 95% confidence interval, how much probability will be in each tail of the distribution?

4 . What is the appropriate z -score and error bound or margin of error ( EBM ) for a 95% confidence interval for this data?

5 . Rounding to two decimal places, what is the 95% confidence interval if the sample mean is 41?

6 . What is the 90% confidence interval if the sample mean is 41? Round to two decimal places

7 . Suppose the sample size in this study had been 50, rather than 30. What would the 95% confidence interval be if the sample mean is 41? Round your answer to two decimal places.

8 . For any given data set and sampling situation, which would you expect to be wider: a 95% confidence interval or a 99% confidence interval?

8.2: confidence interval, single population mean, standard deviation unknown, student’s t

9 . Comparing graphs of the standard normal distribution ( z -distribution) and a t -distribution with 15 degrees of freedom ( df ), how do they differ?

10 . Comparing graphs of the standard normal distribution ( z -distribution) and a t -distribution with 15 degrees of freedom ( df ), how are they similar?

Use the following information to answer the next five exercises. Body temperature is known to be distributed normally among healthy adults. Because you do not know the population standard deviation, you use the t-distribution to study body temperature. You collect data from a random sample of 20 healthy adults and find that your sample temperatures have a mean of 98.4 and a sample standard deviation of 0.3 (both in degrees Fahrenheit).

Questions & Answers

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introduction to econometrics
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Tom
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bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
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Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
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Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
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Economic growth Stable prices and low unemployment
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increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
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Chisomo
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Beshir
Criteria for determining money supply
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Aggregate demand
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C=k100 +9y and i=k50.calculate the equilibrium level of output
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it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
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hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
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if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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