The age of an ancient piece of organic matter can be estimated from the rate at which
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Unknown to the archaeologist, the bone is exactly 10,000 years old, so X has a Poisson distribution with λ = 45.62.
a. Generate a simulated sample of 1000 values of X, and their corresponding values of .
b. Estimate the mean of .
c. Estimate the standard deviation of .
d. Estimate the probability that will be within 1000 years of the actual age of 10,000 years.
e. Estimate the probability that will be more than 2000 years from the actual age of 10,000 years.
f. Construct a normal probability plot for . Is approximately normally distributed?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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