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

  Correlation coefficient between the two funds

The universe of available securities includes only two risky stock funds, X and Y, as well as T-bills. The data for the investment universe are shown in the table below. The correlation coefficient between the two funds is -0.3.

  Discuss the advantages and disadvantages of financing

Discuss the advantages and disadvantages of financing capital expenditures through the use of internally generated cash. Cite cases where it is more effective and efficient to fund through internal funds and external funding source.

  Calculate overall debt to equity and financing debt

Calculate overall debt to equity and financing debt to equity for each of the last six years. Explain the trend of changes in the company's capital structure.

  There is also the 13 chance of a -24000 payoff the cost of

at stage 2 of the decision tree it shows that if a project is successful the payoff will be 53000 with a 23 chance of

  Determining rate of interest

You're considering an investment in US Treasury bond but aren't sure what rate of interest it should pay. What rate of interest should US treasury bond pay?

  Bill anders retires in 8 years he has 650000 to invest and

bill anders retires in 8 years. he has 650000 to invest and is considering a franchise for a fast-food outlet. he would

  Explain recommendation for a project based on npv

Explain Recommendation for a project based on NPV and What is the project's annual after tax cash flows for years

  Preparing to conduct business research

Build on the business problem identified in Preparing to Conduct Business Research: Part 1. I have attached my first paper to give you the start.  This answer must have an abstract, conclusion, and scholarly references.

  Approaches to corporate investment analysis

The textbook identified many different approaches to corporate investment analysis. Sum up one analysis tool, application, and concept.

  Evaluate the financial performance of a company

Evaluate the financial performance of a company of your choosing using the knowledge and technical skills that you have gained during the course so far. Provide a theoretical explanation of any ratio analysis. No need to recalculate ratios, often ..

  What are the reasons that caused a decline in the shares

What are the reasons that caused a decline in the shares of depository institutions and increased in the shares of investment companies?

  Importance of the risk and return balance

Critically reflect on the importance of the risk and return balance.  Consider the following:

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