Chapter 7: Q. 7.44 (page 301)
NBA Champs Repeat parts (b) and (c) of Exercise 7.41 for samples of size 4. For part (b), use your answer to Exercise 7.14(b).
Short Answer
For the samples of size 4, the mean of the variableis .
Chapter 7: Q. 7.44 (page 301)
NBA Champs Repeat parts (b) and (c) of Exercise 7.41 for samples of size 4. For part (b), use your answer to Exercise 7.14(b).
For the samples of size 4, the mean of the variableis .
All the tools & learning materials you need for study success - in one app.
Get started for freeA variable of a population is normally distributed with mean and standard deviation . For samples of size , fill in the blanks. Justify your answers.
a. Approximately of all possible samples have means that lie within of the population mean,
b. Approximately of all possible samples have means that lie within of the population mean,
c. Approximately of all possible samples have means that lie within of the population mean,
d. of all possible samples have means that lie within of the population mean, (Hint: Draw a graph for the distribution of , and determine the scores dividing the area under the normal curve into a middle area and two outside areas of
7.45 NBA Champs. Repeat parts (b) and (c) of Exercise for samples of size . For part (b). use your answer to Exercise .
America's Riches. Each year, Forbes magazine publishes a list of the richest people in the United States. As of September l6, 2013, the six richest Americans and their wealth (to the neatest billion dollars) are as shown in the following table. Consider these six people a population of interest.
(a) For sample size of construct a table similar to table 7.2 on page293 what is the relationship between the only possible sample here and the population?
(b) For a random sample of size determine the probability that themean wealth of the two people obtained will be within (i.e, billion) of the population mean. interpret your result in terms of percentages.
7.49 Mobile Homes. According to the U.S. Census Bureau publication Manufactured Housing Statistics, the mean price of new mobile homes is . Assume a standard deviation of . Let denote the mean price of a sample of new mobile homes.
a. For samples of size , find the mean and standard deviation of . Interpret your results in words.
b. Repeat part (a) with .
Refer to Exercise 7.7 on page 295.
a. Use your answers from Exercise 7.7(b) to determine the mean, , of the variable for each of the possible sample sizes.
b. For each of the possible sample sizes, determine the mean, , of the variable , using only your answer from Exercise 7.7(a).
What do you think about this solution?
We value your feedback to improve our textbook solutions.