Question
I need help figuring this homework out. Please explain step by step and how exactly I need to type it out into Excel, if you
I need help figuring this homework out. Please explain step by step and how exactly I need to type it out into Excel, if you don't have access to Excel. I keep getting errors.
This is the Data Set:
$130,860 $31,246 $28,563 $25,693 $52,825 $54,563 $36,206 $55,070 $56,946 $23,282
You will want to calculate the average for your data set. Once you have the average count how many of your data points fall below the average. You will take that number and divide it by 10. This will be your p or "success" in your problem. Once you have p, calculate q.
If you were to find another random sample of 10 cars based on the same data, what is the probability that exactly 4of them will fall below the average? Make sure you interpret your results.
If you were to find another random sample of 10 cars based on the same data, what is the probability that fewer than 5of them will fall below the average?Make sure you interpret your results.
If you were to find another random sample of 10 cars based on the same data, what is the probability that more than 6of them will fall below the average?Make sure you interpret your results.
If you were to find another random sample of 10 cars based on the same data, what is the probability that at least 4of them will fall below the average?Make sure you interpret your results.
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