Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You can use a table of random digits to simulate sampling from a population. Suppose that 60% of the population ate in a restaurant during

  1. You can use a table of random digits to simulate sampling from a population. Suppose that 60% of the population ate in a restaurant during the past week. That is, the population proportion is p = 0.6.
  1. Using Table B (table of randomly generated digits in the tesxtbook) simulate drawing one person at random from a population with p = 0.6. Let each digit in the table stand for one person in this population.

(c) Using Excel (RAND( ) function) simulate two random samples of size 100 from the population in the problem. Describe how you carry out the task. What are the s for the samples? Are they equal (or close ) to the true population value p = 0.6? What statistic would be close to true p?

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

More Books

Students also viewed these Finance questions