Describe the sampling distribution model of sample mean

Assignment Help Basic Statistics
Reference no: EM131419699

Rainfall. Statistics from Cornell's Northeast Regional Climate Center indicate that Ithaca, NY, gets an average of 35.4" of rain each year, with a standard deviation of 4.2". Assume that a Normal model applies.

a) During what percentage of years does Ithaca get more than 40" of rain?

b) Less than how much rain falls in the driest 20% of all years?

c) A Cornell University student is in Ithaca for 4 years. Let represent the mean amount of rain for those 4 years. Describe the sampling distribution model of this sample mean, y.

d) What's the probability that those 4 years average less than 30" of rain?

Reference no: EM131419699

Questions Cloud

Stock using the dividend growth model : Compute the current value of this stock using the dividend growth model. Now assume that the dividend is increased to $2.70 and the required return increase to 20%. What is the value now?
Explain why given is not surprising : The cities on both lists were all smaller than the 10 largest cities. Using facts about the sampling distribution model of the mean, explain why this is not surprising.
Efficient operation of an international business : "Some of the financial techniques and strategies are necessary for the efficient operation of an international business. Problems inherent to these firms include multiple currencies, differing legal and political environments, differing economic a..
Describe the criteria that you as the leader will use : Develop a set of screening questions and criteria that you, as the group leader, will use to choose the members of the group. Begin with demographics questions (name, age, address, presenting issue, etc.) There should be a minimum of 10 screening ..
Describe the sampling distribution model of sample mean : A Cornell University student is in Ithaca for 4 years. Let represent the mean amount of rain for those 4 years. Describe the sampling distribution model of this sample mean,y.
Calculate the weighted average cost of capital : The M&M Company is financed by $4 million (market value) in debt and $6 million (market value) in equity. The cost of debt is 5% and the cost of equity is 10%. Calculate the weighted average cost of capital. (Assume no taxes.)
How information and it have changed your daily life : Post your insights about how information and information technology have changed your daily life, both professionally and personally. Focus on the technologies that have helped you increase your effectiveness at work and in business.
Levered at a debt-equity ratio : A firm is unlevered and has a cost of equity capital of 9%. What is the cost of equity if the firm becomes levered at a debt-equity ratio of 2? The expected cost of debt is 7%. (Assume no taxes.)
What are the sales and use tax laws in state : Each state deals with Sales and Use Tax individually. In other words there is not a federal Sales and Use Tax. This creates some interesting issues since the majority of sales transactions are done across state lines.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Conducting one-sample t-test on data

Steve then conducts a one-sample t-test on the data, knowing that there is an established mean for the publication of others that have taken this test of 6.

  Probability-person served in less than minutes for six days

Exponential distribution with a mean of 4 minutes. What is the probability that a person is served in less than 3 minutes on at least 4 of the next 6 days?

  Submit a brief initial business project proposal

Identify a business research topic and define the research questions for the identified problem or opportunity

  Company specific mix of individual

A company's specific mix of individual employees combines to help produce an organization's culture and feel. In this assignment, you will evaluate how an unbalanced mix of employees can affect a company.

  Confidence interval and true mean

Construct a 95 percent confidence interval for the true mean.

  A new york state license plate contains 3 capital letters

a new york state license plate contains 3 capital letters followed by 4 digits. there are 26 capital letters in the

  What conclusion would be reached in given context

Based on the F distribution tables, what is the most accurate statement that could be made about the p-value for the test?

  A normal population has a mean of 122 and a standard

q1. the mean of a normal probability distribution is 60 the standard deviation is 5.a what percent of the observations

  The events x and y are mutually exclusive suppose px 05

question the events x and y are mutually exclusive. suppose px .05 and py .02. what is the probability of either x or

  Residual plot and regression plot graph

I just need you put the data into STATA and give me some simple analysis like R^2, variance, coefficient, also i need some graph from STATA like the residual plot, regression plot and other plots you think is good

  Estimating the true proportion of students

To estimate the true proportion of students who abstain from alcohol at LBCC, you will need to take a simple random sample.

  Find expected return and standard deviation of each security

what do your answers in parts a, c, d, and e imply about diversification?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd