Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The home run percentage is the number of home runs per 100 times at bat. A random sample of 43 professional baseball players gave the

The home run percentage is the number of home runs per 100 times at bat. A random sample of 43 professional baseball players gave the following data for home run percentages.1.62.41.26.62.30.01.82.56.51.82.72.01.91.32.71.71.32.12.81.43.82.13.41.31.52.92.60.04.12.91.92.40.01.83.13.83.21.64.20.01.21.82.4

(a)Use a calculator with mean and standard deviation keys to findands(in percentages). (For each answer, enter a number. Round your answers to two decimal places.)

=

x bar =

%

s=%

(b)Compute a 90% confidence interval (in percentages) for the population meanof home run percentages for all professional baseball players.Hint:If you use theStudent'stdistribution table, be sure to use the closestd.f.that issmaller. (For each answer, enter a number. Round your answers to two decimal places.)

lower limit%

upper limit%

(c)Compute a 99% confidence interval (in percentages) for the population meanof home run percentages for all professional baseball players. (For each answer, enter a number. Round your answers to two decimal places.)

lower limit%

upper limit%

(d)The home run percentages for three professional players are below.

Player A,2.5Player B,2.3Player C,3.8

Examine your confidence intervals and describe how the home run percentages for these players compare to the population average.

We can say Player A falls close to the average, Player B is above average, and Player C is below average.

We can say Player A falls close to the average, Player B is below average, and Player C is above average.

We can say Player A and Player B fall close to the average, while Player C is above average.

We can say Player A and Player B fall close to the average, while Player C is below average.

(e)In previous problems, we assumed thexdistribution was normal or approximately normal. Do we need to make such an assumption in this problem? Why or why not?Hint:Use the central limit theorem.

Yes. According to the central limit theorem, whenn30, thedistribution is approximately normal.

Yes. According to the central limit theorem, whenn30, thedistribution is approximately normal.

No. According to the central limit theorem, whenn30, thedistribution is approximately normal.

No. According to the central limit theorem, whenn30, thedistribution is approximately normal.

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Sivaramakrishna, Ramji Balakrishnan

1st Edition

0471467855, 978-0471467854

More Books

Students also viewed these Accounting questions

Question

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

2. What we can learn from the past

Answered: 1 week ago