Below are seven population distributions and one sampling distribution: Required: a. Identify all distributions that are symmetrical.
Question:
Below are seven population distributions and one sampling distribution:
Required:
a. Identify all distributions that are symmetrical.
b. Identify all distributions that might be normal.
c. Identify all distributions that are skewed. Label each one as “skewed to the right” or “skewed to the left.”
d. Identify the distribution that is bimodal.
e. Between distributions 5 and 7, which distribution is the sampling distribution ? What characteristic made it identifiable ?
f. Assume that you were drawing sampling distribution number 1 and you wanted it to look more like distribution 5. How could you make that happen ?
g. Which distribution best represents a population of leases outstanding where the mean is \($80,000\), 5% of the balances are under \($20,000\), and 20% of the balances are over \($150,000\) ?
h. Which distribution best represents a population of errors in accounts payable where there are a large number of small errors and a few large errors ?
i. Which distribution best represents a population of accounts receivable where the mean is \($600\), and where there are many small accounts including zero balances and some large balances ?
Step by Step Answer:
Applications Of Statistical Sampling To Auditing
ISBN: 9780130391568
1st Edition
Authors: Alvin A. Arens, James K. Loebbecke