Collect a random assortment of at least 30 coins (pennies, nickels, dimes, quarters, etc.). Make a frequency

Question:

Collect a random assortment of at least 30 coins (pennies, nickels, dimes, quarters, etc.). Make a frequency table beginning with the current year and counting backward to record the ages (in years) of the coins. For example, if the current year is 2022, then a coin with 2020 stamped on it is 2 years old.
a. Draw a histogram or other graph showing the population distribution.
b. Randomly select five coins and record the mean age of the sampled coins. Repeat this sampling process 20 times. Now draw a histogram or other graph showing the distribution of the sample means.
c. Compare the shapes of the two histograms. Why are the two distributions different?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 9781265779696

19th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

Question Posted: