User Account

All Pages

Question regarding the central limit theorem

Assignment Help Business Economics
Reference no: EM13858090

Problem 1: In a population µy = 100 and σ2y = 43. Use the central limit theorem to answer the following question:

a. In a random sample of size n = 20, find Pr(Y<101).

b. In a random sample of size n = 100, find Pr (Y < 101). Compare the answer from parts a) and b) and comment on your findings.

Reference no: EM13858090

Questions Cloud

Why does shell find out about the views of interest groups : Why does shell find out about the views of interest groups and pressure groups? How can this information help shell to make better decisions?
Describe the initial cause of the adverse event : Describe the initial cause of the ‘adverse event', what actually happened, what the aftermath was, and your chosen positive outcome that came from it.(oil spills disaster 1967).
Prepare a budgeted income statement for 2014 : Prepare a budgeted income statement for 2014 and Interest expense is expected to be $3,500 for the year. Income taxes are expected to be 40% of income before income taxes.
Write a program that prompts the user to enter an integer : Write a program that prompts the user to enter an integer. If the number is a multiple of 3, print "Multiple of 3."Otherwise, print "Not Multiple of 3." Here are the sample runs:
Question regarding the central limit theorem : Problem 1: In a population µy = 100 and σ2y = 43. Use the central limit theorem to answer the following question:
Prepare the intangible assets section of montana matt : Prepare the intangible assets section of Montana Matt's Golf Inc. at December 31, 2013. How much amortization expense is included in Montana Matt's income for the year ended December 31, 2013? Show all supporting computations.
Us coffee market- size of the total retail market : U.S. Coffee Market- Make and justify the following forecasts, a. the size of the total retail market in 1983 and 1988, b. the split of the market by major segments (decaf versus caf., etc.)
Economy with the production function : Consider an economy with the production function Y  = L(1 / 3) a) Derive the Labor demand Curve
Define the ladder of abstraction : Define the ladder of abstraction. Use the ladder of abstraction to explain how you perceived and acted in a particular situation.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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