Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

People in a large population average 60 inches tall. You will take a random sample and will be given a dollar for each person in your sample who is over 65 inches tall. For example if you sample 100 people and 20 turn out to be over 65 inches tall, you get $20. Which is better: a sample of size 100 or a sample of size of 1,000? Choose one and explain. Does the law of average relate to the answer you give?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9441697

Have any Question?


Related Questions in Statistics and Probability

You hold a stock with price 100 that can increase by 10 or

You hold a stock with price $100 that can increase by 10% or decrease by 10% m a year. The interest rate is 5% a) Suppose that you want to ensure that you'll get a minimum of $I00 in a year regardless of the evolution of ...

During the period from 2011 through 2015 the annual returns

During the period from 2011 through 2015 the annual returns on small U.S. stocks were -3.34 percent, 19.21 percent, 46.95 percent, 2.91 percent, and -4.10 percent, respectively. What would a $1 investment, made at the be ...

Someone reasons that when a coin is tossed there are three

Someone reasons that when a coin is tossed, there are three possible outcomes: it comes up heads or tails or it lands on it edge. With three outcomes on each toss, the fundamental counting rule suggests that there are ni ...

Lets pretend that in a hospital 7 of patients are high-risk

Let's pretend that in a hospital, 7% of patients are "high-risk" while the others are "lower-risk". For patients that are high-risk, 75% will be re-admitted within 30 days. For "lower-risk" patients, the 30day re-admitta ...

The speed of cars on a stretch of road is normally

The speed of cars on a stretch of road is normally distributed with an average 42 miles per hour with a standard deviation of 5.9 miles per hour. What is the probability that a randomly selected car is violating the spee ...

Consider projects a and b with the following cash

Consider projects A and B with the following cash flows: C0 C1 C2 C3 A -$29 $18 $18 B -$54 29 29 What is the profitability index of each project?  (Do not round intermediate calculations. Round your answers to 2 decimal ...

Please help me study for a test by answering this

Please help me study for a test by answering this question. A stock is just paid a dividend of $0.91 and is growing at a constant rate of 10 percent per year. If the required rate of return is 15 percent, what is the sto ...

In a pre-election poll a candidate for district attorney

In a? pre-election poll, a candidate for district attorney receives 253 of 500 votes. Assuming that the people polled represent a random sample of the voting? population, test the claim that a majority of voters support ...

A researcher is interested in learning more about the

A researcher is interested in learning more about the protective effects of exercise. He conducts a study where he collects information about stress levels (measured on a multi-item Likert scale) and hours of exercise co ...

Jane is an analyst and their company wants to get a return

Jane is an analyst and their company wants to get a return of atleast 7.3% compounded Semi-Annually on their investment. Jane will only have use of the money for 111 Months before the company needs it for another project ...

  • 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