Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. For a sample of size 36, the standard deviation of the sample mean is 50. In order to cut this standard deviation of the

2. For a sample of size 36, the standard deviation of the sample mean is 50. In order to cut this standard deviation of the sample mean to 20, we need to A) increase the sample size to 400 B) increase the sample size to 225 C) increase the sample size to 100 D) decrease the sample size to 25

3. A study at a college on the west coast reveals that, historically, 36% of the students are minority students. If a random sample of 100 students is selected, what is the probability that between 26.4% and 40.8% students in the sample will be minority students? A) 0.8150 B) 0.8385 C) 0.9735 D) There is not enough information to obtain the answer.

4. Daily observations for a period of 144 days have been conducted about the number of candy bars sold from a vending machine. Using these observations, the sample mean is calculated to be 258 and the sample standard deviation is calculated to be 60. (a) (2 points) What is the probability that the sample mean number of candy bars sold for the 144-day period is less than 273? (b) (2 points) What is the probability that the total number of candy bars sold for the 144-day period is greater than 34,992 but less than 37,872? (c) (2 points) If the profit per candy bar is 5 cents, what is the probability that the average profit per day over the 144-day period is at least $12.65?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exercises In Computational Mathematics With MATLAB

Authors: Tom Lyche, Jean Louis Merrien

1st Edition

366243511X, 9783662435113

More Books

Students also viewed these Mathematics questions

Question

List three methods of assigning probabilities.

Answered: 1 week ago