Potential for extreme sampling error

Assignment Help Basic Statistics
Reference no: EM1319687

Q1)  Following probability distribution has been assessed for number of accidents which occur in Midwestern city each day:

Accidents

Probability

0

0.25

 1

0.20

2

0.30

3

0.15

4

0.10

Based on this distribution, expected number of accidents in given day is: 

a)  0.30.

b) 1.65.

c)  2.00.

d) 2.50

Q2)  Impact on sampling of increasing sample size is:    

a) The potential for extreme sampling error is reduced.

b) The amount of sampling error is always reduced.

c) The sample mean will always be closer to population mean.

d) There is no specific relationship between sample size and sampling error.

Reference no: EM1319687

Questions Cloud

Compute interest expenses from given data : Income statement, Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax rate was 40 percent.
Preparation of adjustment entries and balance sheet : The Chandler Corporation began business on January 2, 2007. It is now time for Chandler to prepare its financial statements for 2007. The bookkeeper at Chandler was able to complete the asset section of the balance sheet, but he needs your help to..
Computing the variance and standard deviation : Compute the variance and standard deviation of the number that will arrive within two days.
Working with segmented income statement : In which of the markets would you recommend that the company focus its advertising campaign? Show computations to support your answer.
Potential for extreme sampling error : Impact on sampling of increasing sample size is: The potential for extreme sampling error is reduced.
Explaining troubleshooting : AV software has removed the malware from highly infected system. After first reboot, an error message is showed which consists of a reference to the strange DLL file which is missing. Explain two options you must use in order to start troubleshoot..
Describing lan and wan : Write down in words and describe the meanings of terms LAN and WAN. Explain how do they differ? State three basic topologies for LAN use, and describe the differences among then.
Probability for the number of students in sample : Develop a probability for the number of students in the sample who watch soap operas.
Computing femininity score from men in general : Do hotel managers on average vary significantly in femininity score from men in general?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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