(a) Use either MINITAB or MegaStat or Excel's function = NORM.INV (RAND (),0,1) or Excel's Data Analysis...
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(b) Make a histogram of your sample and assess its shape. Are there outliers?
(c) Calculate descriptive statistics. Are the sample mean and standard deviation close to their intended values?
(d) See if the first and third quartiles are approximately €“0.675 and +0.675, as they should be.
(e) Use a z test
to compare the sample mean to the desired mean. Note: Use z instead of t because the hypothesized mean μ = 0 and standard deviation σ = 1 are known.
(f) What would happen if 100 statistics students performed similar experiments, assuming that the random number generator is working correctly?
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Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
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