Referring to Exercise 7.9, use a die to generate samples of size 3. Investigate the sampling distribution
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(a) Roll the die and assign X = 1 if 1 dot shows and X = 0, otherwise. Repeat until you obtain a total of 25 samples of size 3. Calculate the relative frequencies, among the 75 values, of 1. Compare with the population probabilities and explain why they should be close.
(b) Let a random variable V equal 1 if at least one value of X in the sample is 1. Set V equal to 0 otherwise. Then the relative frequency of [7 = 1] is an estimate of P[Y = I], the probability of at least one value 1 in the sample of size 3. Give your estimate. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics Principles And Methods
ISBN: 9780470904114
7th Edition
Authors: Richard A. Johnson, Gouri K. Bhattacharyya
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