Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1. A company has 18,000 employees. The file containing the names is ordered by employee number from 1 to 18,000. If a sample of 100 employees is to be selected from the 18,000 using systematic random sampling, within what range of employee numbers will the first employee selected come from?

2. Describe the difference between a statistic and a parameter.

3. Why is convenience sampling considered to be a nonstatistical sampling method?

4. Describe how systematic random sampling could be used to select a random sample of 1,000 customers who have a certificate of deposit at a commercial bank. Assume that the bank has 25,000 customers who own a certificate of deposit.

5. Explain why a census does not necessarily have to involve a population of people. Use an example to illustrate.

6. If the manager at First City Bank surveys a sample of 100 customers to determine how many miles they live from the bank, is the mean travel distance for this sample considered a parameter or a statistic? Explain.

7. Explain the difference between stratified random sampling and cluster sampling.

8. Use Excel or Minitab to generate five random numbers between 1 and 900.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91676691

Have any Question?


Related Questions in Statistics and Probability

Stock valuation gruber corp pays a constant 9 dividend on

Stock Valuation Gruber Corp. pays a constant $9 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 1 ...

List the three assumptions of the independent groups t-test

List the three assumptions of the independent groups t-test. The consequences of violating which assumption are exacerbated if you have unequal N

What are the differences between the federal deficit and

What are the differences between the Federal deficit and Federal Debt? How does a government budget deficit affect the economy, specifically the unemployment rate and job creation? Identify two periods in recent history ...

A clothing quality director determines the accuracy of nfl

A clothing quality director determines the accuracy of NFL Logos on t-shirts. 9% of the shirts made that day are defective. The shirts are sold in packages of 10. Find the probability that in one randomly selected packag ...

A hotel claims thatnbsp95 of its customers are very

A hotel claims that 95?% of its customers are very satisfied with its service. Complete parts a through d below based on a random sample of seven customers. What is the probability that more than six customers are very?  ...

A population has a mean mu79 and anbspstandard deviation

A population has a mean μ=79 and a standard deviation σ=24. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=248 μx= ?Simplify your? answer. σx= rounded to three decimal ...

An athletics coach states that the distribution of player

An athletics coach states that the distribution of player run times (in seconds) for a 100-meter dash are normally distributed with a mean equal to 14.00 and a standard deviation equal to 0.2 seconds. What percentage of ...

A data firm records a large amount of data

A data firm records a large amount of data. Historically, 1.0% of the pages of data recorded by the firm contain errors. If two hundred pages of data are randomly selected? a.  What is the probability that six or more pa ...

Which level of risk considers sources of danger or

Which level of risk considers sources of danger or uncertainties that have a direct and model-wide impact?

A random sample of 40 hotel reviews is drawn from a large

A random sample of 40 hotel reviews is drawn from a large population of hotel customers. It's known that 30% of the population left the hotel 1 star, 20% left 2 stars, 20% left 3 stars, and 30% left 4 stars. Give the hot ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As