Reasonable degree of? approximation

Assignment Help Basic Statistics
Reference no: EM131822076

According to a consumer survey of young adults? (18-24 years of? age) who shop? online, 16?% own a mobile phone with internet access. In a random sample of 400 young adults who shop? online, let x be the number who own a mobile phone with internet access.

1. Explain why x is a binomial random variable? (to a reasonable degree of? approximation). Choose the correct explanation below.

A. The experiment consists of n? identical, independent? trials, where there are only two possible? outcomes, S? (for Success) and F? (for Failure). The probability of S varies from trial to trial. The variable x is the number of? F's in n trials.

B. The experiment consists of n? identical, dependent? trials, where there are only two possible? outcomes, S? (for Success) and F? (for Failure).

C. The experiment consists of n? identical, independent? trials, where there are only two possible? outcomes, S? (for Success) and F? (for Failure). The probability of S remains the same from trial to trial. The variable x is the number of? S's in n trials.

D. The experiment consists of n? identical, dependent? trials, with more than two possible outcomes. The probability that an event occurs varies from trial to trial.

b. What is the value of? P? Interpret this value. P =?

Choose the correct interpretation of p below.

A. For any young? adult, the probability that they own a mobile phone with internet access is 1 minus p1-p.

B. For any young? adult, the probability that they own a mobile phone with internet access is npnp.

C. For any young? adult, the probability that they own a mobile phone with internet access is p.

D. For any young? adult, the probability that they do not own a mobile phone with internet access is p.

c. What is the expected value of? x? Interpret this value.

?E(x)equals=?

Choose the correct interpretation below.

A. In a random sample of 400 young adults E(x) is the average number of young people surveyed that will not own mobile phones with internet access.

B. In a random sample of 400 young adults E(x) is the largest possible number of young people surveyed that will own mobile phones with internet access.

C. In a random sample of 400 young adults E(x) is the average number of young people surveyed that will own mobile phones with internet access.

D. In a random sample of 400 young adults E(x) will always be the number of young people surveyed that will own mobile phones with internet access.

Reference no: EM131822076

Questions Cloud

Own business and is considering investment : Marian Plunket owns her own business and is considering an investment. What is the NPV of this opportunity if the interest rate is 2 % per? year?
Compute the beginning inventory balances of finished goods : The cost of goods completed was $970. The cost of direct materials requisitioned for production during 20X1 was $328. The cost of direct materials purchased.
Lafayette residents support the local minor : A sportswriter wants to know how strongly Lafayette residents support the local minor league baseball team
Prepare the appropriate entries for signal on december : Signal depreciates assets on a straight-line basis. Prepare the appropriate entries for Signal on December 31, 2011, to record necessary adjustments
Reasonable degree of? approximation : Explain why x is a binomial random variable? (to a reasonable degree of? approximation). Choose the correct explanation below.
Describe the aicpa code of professional conduct : What is the relationship between GAAS and Statements on Auditing Standards? How do international auditing standards differ from GAAS
Prepare the consolidation worksheet entries : Prepare the consolidation worksheet entries for consolidated financial statements prepared by Robert Ltd at 30 June 2020.
Compute the beginning inventory balances of direct materials : Discovery of Unknowns The Brody Manufacturing Company has the following balances (in millions) as of December 31, 20X1.
What is the difference between these two waccs : This debt currently has a market value of $50 million. What is the difference between these two WACCs

Reviews

Write a Review

Basic Statistics Questions & Answers

  A company is criticized because only 19 of 49 executives at

a company is criticized because only 19 of 49 executives at a local branch are women. the company explains that

  Policy encompasses a broad range of laws

According to the World Health Organization a policy encompasses a broad range of laws, guidelines, regulations, and habits necessary to maintain

  In a certain country the distribution of income

In a certain country the distribution of income for the whole population follows a slightly right skewed distribution. Problem five: Lila programs the computer to take one thousand random samples of size 30 from the population.

  Determining population percentage by level of significance

Does this result support original claim, or is population percentage considerably less than 45%. Use alpha=.05 for level of significance.

  Cauchy net converges to some element

The uniform space is called complete if every Cauchy net converges to some element of S (for the topology of U ). If a metric space (S, d) is complete, prove it is also complete as a uniform space.

  Do you think the standard deviation of the average runs

Do you think the standard deviation of the average runs scored by all players in a T-20 match would be larger or smaller than the standard deviation.

  How well our linear regression models data

What does the Standard Error of Estimate (SEE) measure and what can this tell us about how well our linear regression models data?

  A technician monitors a group of five computers that run an

a technician monitors a group of five computers that run an automated manufacturing facility. it takes an average of 15

  Develop a null and alternative hypothesis

Develop a null and alternative hypothesis for the following situation: Chips Inc. claims that there are more than 25 chips in their bags

  Explanatory variable represents

Suppose that in a regression analysis, the explanatory variable represents temperature, and the explanatory variable represents whether or not an individual is a male or female. Which statement is the most accurate given this information?

  Construct a stem and leaf plot of the data

What is (are) the mode(s)? Does it make sense to talk about the average for this data? Why or why not?

  In a random sample of 400 residents of chattanooga 320

in a random sample of 400 residents of chattanooga 320 residents indicated that they voted for the democratic candidate

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