Reference no: EM131029160
Central Limit Theorem Exercise
Write a computer program or Excel spreadsheet that:
a. takes a given distribution function (f(x), as given below), for x between: 0 and 1.0,
b. randomly samples this function at n points and determines the mean for that sample
c. repeats b. N times
d. plots a histogram of the result of the above c. with a (suggested) bin resolution of 0.2.
e. and plots the original distribution function on the same plot as above in d.
f. use this for cases A-C below.
A. Use f(x) = 1.0 for N = 10,000 and n=2, n=4, n=8, and n=32.
B. Use f(x) = x for n = 2 and n= 32.
C. Use f(x) = - x2 + 1 for n=2, n=4, n=8, and n=32.
D. For n = 32 in A, B, and C, plot the results (without the distribution function) overplotting a Gaussian determined by estimating the amplitude and width by eye for the histogram of the result. Do the histograms seem to be Gaussian?
Formulate the objective function in the form of an equation
: A firm has two fixed resources that impose limits on its production activities. For a particular period of time it has 30 hours of resource 1 available and 80 hours of resource 2. Suppose that the firm considers making only two products and desire..
|
Percentage of packages delivered within five days
: a. Obtain the sum of squares for an AOV table by fitting complete and reduced models using a statistical software program. b. Is there significant evidence of a difference in the four methods of delivery based on the percentage of packages delivere..
|
The decision is based only on financial information
: You work for the 3T company, which expects to earn at least 18 percent on its investments. You have to choose between two similar projects. Your analyst spredict that inflation rate will be a stable 3 percent over the next 7 years. Below is the cash ..
|
Important activities of managing the sales pipeline
: The objective of this assignment is to simulate the important activities of managing the sales pipeline and effectively using CRM details to create value in the professional selling process
|
Do the histograms seem to be gaussian
: For n = 32 in A, B, and C, plot the results (without the distribution function) overplotting a Gaussian determined by estimating the amplitude and width by eye for the histogram of the result. Do the histograms seem to be Gaussian?
|
Draw the activity-on-node project network associated
: Draw the activity-on-node (AON) project network associated with the following activities for Dave Carhart's consulting company project. How long should it take Dave and his team to complete this project? What are the ciritical path activities?
|
Carolina and regular tea to achieve coastals blending goals
: The Coastal Tea Company sells 60-pound bags of blended tea to restaurants. To be able to label the tea as South Carolina Tea, at least 55% of the tea (by weight) in the bag must be Carolina grown. Determine the best mix of Carolina and regular tea to..
|
Develop an initial budget for your plan
: Develop an initial budget for your plan. Prepare a pie chart showing the dollars/percentages budgeted for each included marketing activity for the first year. Provide justification for your choices
|
Consider cost-benefit analysis-accuracy-error-access
: Compare and contrast two data-collection techniques and evaluate the sampling strategies discussed. Consider cost-benefit analysis, accuracy, error, access, and time standards.
|