Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

My birthdate is 224 Problem #1. Use the Data Analysis ToolPak in Excel to generate 500 random numbers that are distributed normally with a mean

My birthdate is 224
image text in transcribed
Problem \#1. Use the Data Analysis ToolPak in Excel to generate 500 random numbers that are distributed normally with a mean of 0 and a standard deviation of 1 . Use a seed equal to your birth month and day (e.g. June 8 would be seed: 608 ). Use excel formulas to compute and report the following for your string of numbers: a) Sample Mean and Sample Standard Deviation (round to 4 decimals) Sample Mean Sample Standard Deviation b) The number of observations between +/1 standard deviation of the mean and the percentage of observations between +/1 standard deviation of the mean. Number Percentage c) The number of observations between +/2 standard deviation of the mean and the percentage of observations between +/2 standard deviation of the mean. Number Percentage d) The number of observations between +/3 standard deviation of the mean and the percentage of observations between +/3 standard deviation of the mean. Number Percentage e) Do these observed percentages match with your expectations based on the empirical rule

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

Changing Contours Of Indian Agriculture Investment Income And Non Farm Employment

Authors: Seema Bathla Amaresh Dubey

1st Edition

9811060134,9811060142

More Books

Students also viewed these Finance questions

Question

2. (1 point) Given AABC, tan A b b

Answered: 1 week ago