Question
Using the information provided, describe each probability distribution in the given Excel file. Use histograms and numerical summaries such as the mean and standard deviation
- Using the information provided, describe each probability distribution in the given Excel file. Use histograms and numerical summaries such as the mean and standard deviation and their interpretations in your explanations.
2.Estimate the average cost of the travel for a family in U.S. dollars, using the mean number of freights purchased per family.
3.Is it appropriate to estimate the average cost of the voyage from the mean family size?Why or why not?
4.Langenscheidt came across a partial list of passengers from another ship.This list included information for six families only.Of these six, five families purchased more than four freights.Using the information contained in the appropriate probability distribution for the NeuWelt, calculate the probability that at least five of six German immigrant families purchased more than four freights.Does it seem likely that these families came from a population similar to that of the Germans on board the NeuWelt?Explain.
5.What additional points can you deduce from this analysis? Discuss any assumptions made throughout your analysis.
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