Describe the sampling distribution of sample proportion

Assignment Help Finance Basics
Reference no: EM131081361

1. Suppose that an airline quotes a flight time of 2 hours, 10 minutes between two cities. Furthermore, suppose that historical flight records indicate that the actual flight time between the two cities, x, is uniformly distributed between 2 hours and 2 hours, 20 minutes. Let the time unit be one minute. 

a. Write the formula for the probability curve of x.

b. Graph the probability curve of x.

c. Find P(125 < x < 135).

d. Find the probability that a randomly selected flight between the two cities will be at least five minutes late. 

2. Suppose that the 33rd percentile of a normal distribution is equal to 656 and that the 97.5th percentile of this this normal distribution is 896. Find the mean and standard deviation of the normal distribution. 

3. A fair die is rolled n = 54 times and four sixes are observed. 

  1. Describe the sampling distribution of sample proportion by stating its mean, variance, and shape. Did you have to make any assumption? 
  2. Based on the sampling information, is there statistical evidence to suggest that the die is not fair, that in fact p is less than 1/6 for the sixes?

Reference no: EM131081361

Questions Cloud

Summarize information about the available workforce to care : Summarize your comparison of the infant mortality or HIV rates for the U.S. and one developed and one developing country. Include a summary of what the U.S. could learn from your selected comparison countries if they have better rates or what thos..
Questionnaire scores between the two companies : a. Are there differences in questionnaire scores as a result of the using the two widgets? Explain. b. Are there differences in questionnaire scores between the two companies? Explain.
Explain the legal distinction between an agent and a broker : Explain the legal distinction between an agent and a broker. Briefly describe and explain the key features of the following distribution systems in the marketing of property and casualty insurance.
How does a family work as a system in promoting the health : What is the concept of family most used in your area of nursing practice? Is it the most helpful concept for considering family in nursing practice? Why?
Describe the sampling distribution of sample proportion : Describe the sampling distribution of sample proportion by stating its mean, variance, and shape. Did you have to make any assumption? Based on the sampling information, is there statistical evidence to suggest that the die is not fair, that in fac..
Compute ratio of net income to total assets for each year : Compute the ratio of net income to total assets for each year and comment on the trend (round your percentage answer to two decimal places).
Distinguish between the two brands : You select a random sample of 200 students and assume that the students have no ability to distinguish between the two brands. (Hint: If an individual has no ability to distinguish between the two soft drinks, then the two brands are equally likel..
Interpretation of the regression slope estimate : Write down your regression model taking care to define your notation clearly. Using appropriate software, estimate the regression model and report your results. Use your regression results to give a one-sentence interpretation of the regression slo..
Difference in the proportion of girls : A school district wishes to estimate the difference in the proportion of girls who purchase a school lunch and the proportion of boys who purchase a school lunch. Assuming that the conditions for inference are met, which of the following would be ..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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