Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A certain population has a mean of 500 and a standard deviation of 30 Many samples of size 36 are randomly selected and the means find outd.

a. What value would you expect to find for the mean of all these sample means?

b. What value would you expect to find for the standard deviation of all these sample means?

c. What shape would you expect the distribution of all these sample means to have

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9121915

Have any Question?


Related Questions in Statistics and Probability

A stocks price fluctuations are approximately normally

A stock's price fluctuations are approximately normally distributed with a mean of $26.94 and a standard deviation of $3.54. You decide to sell whenever the price reaches its highest 10% of values. What is the highest va ...

What level of measurement is required for qualitative

What level of measurement is required for qualitative variables? What level of measurement is required for quantitative variables? Can both types be used to describe both samples and populations? Why or why not?

What is the minimum cash flow that could be received at the

What is the minimum cash flow that could be received at the end of year three to make the following project "acceptable?" Initial cost = $63,000; cash flows at end of years one and two = $35,000; opportunity cost of capi ...

A shipment of 11 televisions sets contains 4 defective sets

A shipment of 11 televisions sets contains 4 defective sets. A hotel purchases 7 of these televisions sets. a: In how many ways can a hotel purchase 7 and receive 2 of the defective sets? b: What is the probability that ...

A population has a mean mu equals84 and a standard

A population has a mean mu equals84 and a standard deviation sigma equals6. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=36.

Calculate the cash and accounting break even point selling

Calculate the cash and accounting break even point. selling price $745, Variable cost $445 extra expense of $170,000 per on rent, $160,000 per year on utility plus additional of initial outlay of $120,000 in furniture (4 ...

Marys parents decided to buy a new house for their

Mary's parents decided to buy a new house for their retirement. They are looking at $200,000 lake house. Since their credit history is excellent, they can get approved for 3.6% annual interest on 30-year mortgage. In the ...

Jane and john doe are twins jane saves 10000 per year from

Jane and John Doe are twins. Jane saves $10,000 per year from age 25 to 34 and nothing from age 35 onward (10 years of saving in total). John saves nothing from age 25 to 34 and $10,000 from age 35 to 64 (30 years of sav ...

Based on land minerals and natural resources labor and

Based on land, minerals and natural resources, labor and entrepreneurial innovation, which country do you feel has the greatest long-term potential China or Russia.

1940 randomly selected adults were asked if they think they

1940 randomly selected adults were asked if they think they are financially better off than their parents. The following table gives the two-way classification of the responses based on the education levels of the person ...

  • 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