Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

(Central Limit Theorem.) Consider the experiment of tossing a fair die once. Let X denote the number that occurs. Theoretically, X follows a discrete uniform distribution.

(a) Find the theoretical density, mean, and variance for X.

(b) Now consider an experiment in which the die is tossed 20 times and the results averaged. By the Central Limit Theorem, what is the theoretical mean and variance for the random variable X?

(c) Perform the experiment of part (b) 25 times and record the value of X each time. (You will toss the die 500 times and obtain a data set that consists of 25 averages.) What shape should the stem-and-leaf diagram for these data assume? Explain. Construct a stem-and-leaf diagram for your data. Did the diagram take the shape that you expected?

(d) Approximately what value would you expect to obtain if you averaged the data of part (c)? Average your 25 observations on Y. Did the result come out as expected?

(e) Approximately what value would you expect to obtain if you found the sample variance for the data of part (c)? Explain. Find s2 for your 25 observations on X. Did the result come out as expected?

(f) If you were to construct 95% confidence intervals on tt based on each of the values of X found in part (c), approximately how many of them would you expect to contain the true value of i.t? From your data, can you find an example of a confidence interval that does contain A? of a confidence interval that does not contain µ

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92777449

Have any Question?


Related Questions in Statistics and Probability

Elle mae industries has a cash balance of 59000 accounts

Elle Mae Industries has a cash balance of $59,000, accounts payable of $195,000; inventory of $235,000; accounts receivable of $295,000; notes payable of $219,000; and accrued wages and taxes of $49,000. How much net wor ...

Assume that the fisherman can use between 5 and 8 lines

Assume that the fisherman can use between 5 and 8 lines. With 5 lines, the probability of a catch on each line is 0.71. With 6 this probability is 0.63, with 7 it is 0.51, and with 8 the probability is 0.43. 1) How many ...

You want to retire in 35 years to fund the retirement you

You want to retire in 35 years. To fund the retirement, you deposit $25,000 into an account now, and you deposit $20,000 five years from now. You also plan to save an equal amount each year between now and 35 years from ...

Your client is going to be traveling to las vegas in the

Your client is going to be traveling to Las Vegas in the near future and he wants to place some bets on his favorite professional baseball team. To ensure he knows the odds on his bets he wants to know the probability of ...

A company that supplies batteries for watches guarantees

A company that supplies batteries for watches guarantees that 95% of the batteries it ships will be free from defects. You test a sample of 50 batteries you received. You find that fewer than 10 have defects. Does this l ...

A book company sells 10 000 books a month each book has a

A book company sells 10, 000 books a month, each book has a 1/500 chance of being returned. Us the Poisson approximation to find the probability that the number of books returned in a month will be at most 3.

Determine the operating cash flow ocf for kleczka llc based

Determine the operating cash flow? (OCF) for? Kleczka, LLC., based on the following data. During the year the firm had sales of $2,548,000?, cost of goods sold totaled $1,802,000?, operating expenses totaled $320,000?, a ...

Net present valuenbspriggs corp management is planning to

Net present value:  Riggs Corp. management is planning to spend $650,000 on a new- marketing campaign. They believe that this action will result in additional cash flows of $325,000 over the next three years. If the disc ...

The number of people arriving for treatment at an emergency

The number of people arriving for treatment at an emergency room can be modeled by a Poisson process with a mean of 7 people per hour. How many people do you expect to arrive during a 55-minute period?

1 three-circle red-on-white is one distinctive pattern

1) Three-circle, red-on-white is one distinctive pattern painted on ceramic vessels of the Anasazi period found at an archaeological site. At one excavation, a sample of 165 potsherds indicated that 74 were of the three- ...

  • 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