Is the sample mean of 7.2 exactly the same as the, Ask an Expert

Statistics

In a nationwide survey of 1000 companies with more than 50 employees, managers were asked to rank various factors that influence their decisions in hiring employees. Each factor was ranked on a scale of 1 to 10, with 1 being not important and 10 being very important. The factor "educational background" received a mean ranking of 7.2.

Is the sample mean of 7.2 exactly the same as the population mean?
If another sample of 1000 companies is taken, do you expect the sample mean to be 7.2 again? Why or why not?
Repeating this experiment many times with different samples, what values for the sample means would be possible? What values would repeat more often?
Respond to at least two of your classmates' postings.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9113117

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

The number of phone calls that arrive at a phone exchange

The number of phone calls that arrive at a phone exchange is often modeled as a Poisson random variable. Assume that on average there are 7 calls per hour. Show all work. a) Find the probability that there are exactly f ...

Innbspmid-2009 rite aid hadnbspccc-ratednbsp20-year bonds

In? mid-2009, Rite Aid had? CCC-rated, 20-year bonds outstanding with a yield to maturity of 17.3%. At the? time, similar maturity Treasuries had a yield of 5%. Suppose the market risk premium is 4% and you believe Rite? ...

What are some ways being able to visually see data in a

What are some ways being able to visually see data in a graphic presentation beneficial?

1 a chemical supply company ships a certain solvent in

1. A chemical supply company ships a certain solvent in 10-gallon drums. Let X represent the number of drums ordered by a randomly chosen customer. Assume X has the following probability mass function (pmf). The mean and ...

A doctor wants to predict the birth weight of a newborn

A doctor wants to predict the birth weight of a newborn baby (measured in grams) based on the gestational age (measured in weeks) at the time of birth. The doctor uses 11 data points, with births ranging from 29 weeks to ...

What percent of the measurements are found below the 30th

What percent of the measurements are found below the 30th percentile? Found above the 30th percentile? For the regression line y^ = 3x + 2 what is the best predicted value if x is 7? Assume that male and female births ar ...

The stat 200 course coordinator wants to estimate the

The STAT 200 course coordinator wants to estimate the proportion of all online STAT 200 students who attend Penn State Learning tutoring sessions. In a survey of 72 students during the Summer 2018 semester, 8 had attende ...

Last year galaxy corp had 350000 of assets which is equal

Last year Galaxy Corp had $350,000 of assets (which is equal to its total invested capital), $475,000 of sales, $30,250 of net income, and a debt-to-capital ratio of 40%. The new CFO believes the firm has excessive fixed ...

A merton corporation has a 6 percent semiannual coupon bond

a) Merton Corporation has a 6 percent semiannual coupon bond which has 5 years until maturity, and the yield to maturity is 8 percent. (i) What interest (coupon) payments do bondholders receive each year? (ii) At what pr ...

With a die being rolled the set of equally likely outcomes

With a die being rolled. The set of equally likely outcomes is? {1, 2? 3, 4? 5, 6}. Find the probability of getting a 10.

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

Recent Questions

Ask Statistics and Probability Expert