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Discuss why the sampling distribution will be less variable than the population distribution. Give a short example to illustrate your answer.
Statistics and Probability, Statistics
The times that customers spend in a book store are normally distributed with a mean of 39.5 minutes and a standard deviation of 15.9 minutes. A random sample of 25 customers has a mean of 36.1 minutes or less. Would this ...
One-year Treasury bills currently earn 2.25 percent. You expected that one year from now, 1-year Treasury bill rates will increase to 2.75 percent and that two years from now, 1-year Treasury bill rates will increase to ...
You are working for a large corporation and oversee a marketing research project. For this study, your questionnaire length is 10 minutes and the incidence is 35%, yielding a CPI is $23.00. Your company requires all rese ...
There are twenty stores for a grocery chain in the Mid-Atlantic region. The regional executive wants to visit five of the twenty stores. She asks her assistant to choose five stores and arrange the visit schedule. (Pleas ...
1. Nine percent of men and 0.25% of women cannot distinguish between the colors red and green. This is the type of color blindness that causes problems with traffic signals. a. If six men are randomly selected for a stud ...
The probability that a football game will go into overtime is 15%. What is the probability that exactly two of three football games will go to into? overtime? Round to the nearest thousandth.
We polled a sample of 900 random people on whether they thought a candidate for a high government position deserves to be nominated. We found that 405 of the 900 people (or 45%) believe the candidate should not be nomina ...
Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year, of the 211,693 students who took the calcu ...
A factory makes parts for laptop computers, including screws. The screws are required to have the right length. The lengths of the screws obey a normal distribution with mean μ=4.25 millimeters and standard deviation σ=0 ...
What is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent?
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