Sampling distribution of sample means

Assignment Help Accounting Basics
Reference no: EM13757958

Question 1:

Using the telephone numbers listed in your local directory as your population, randomly obtain 20 samples of size 3. From each telephone number identified as a source, take the fourth, fifth, and sixth digits.

  • Calculate the mean of the 20 samples
  • Draw a histogram showing the 20 sample means. (Use classes -0.5 to 0.5, 0.5 to 1.5, 1.5 to 2.5 and so on).
  • Describe the distribution of the x-bars that you see in part b (shape of distribution, center, and the amount of dispersion).
  • Draw 20 more samples and add the 20 new x-bars to the histogram in part b. Describe the distribution that seems to be developing.

Use the empirical rule to test for normality. See the sampling distribution of sample means and the central limit theorem develop from your own data!

Question 2:

Consider a population with μ = 43 and σ = 5.2.

  • Calculate the z-score for an x¯ of 46.5 from a sample of size 35.
  • Could this z-score be used in calculating probabilities using Table 3 in Appendix B? Why or why not?

Question 3:

State the null and alternative hypotheses for each of the following:

  • You want to show an increase in buying and selling of single-family homes this year when compared with last year's rate.
  • You are testing a new recipe for "low-fat" cheesecake and expect to find that its taste is not as good as traditional cheesecake.
  • You are trying to show that music lessons have a positive effect on a child's self-esteem.
  • You are investigating the relationship between a person's gender and the automobile he or she drives-specifically you want to show that more males than females drive truck-type vehicles.

Reference no: EM13757958

Questions Cloud

How to put social perception skills into action : This perception, a process heavily used by management, is the process of interpreting information about other people. In this assignment, you will consider how to put social perception skills into action.
Analyze test-taking skills by studying certain aspects : This assignment will ask you to analyze your test-taking skills by studying certain aspects of a test that you recently took.
Write a memo to linda explaining your position : Write a memo to Linda explaining your position on this problem and why you think it would be the best solution.
Logistics criteria for decision making : Would the logistics criteria for decision making be the same as for mass merchandising? Why or why not
Sampling distribution of sample means : Use the empirical rule to test for normality. See the sampling distribution of sample means and the central limit theorem develop from your own data!
Variable length subnet mask : Change the internal network address to incorporate variable length subnet mask (VLSM) with EIGRP routing protocol. Set up all of the accountants on a separate VLAN
Explain brief summary of hunger games : Explain brief summary of hunger games. Give brief background on the item being discussed. Whether discussing a character or plot device, make sure to just give us what we need
Question regarding the contribution margin technique : Answer the following independent questions and show computations using the contribution margin technique to support your answer. How many units are sold to break even?
Create the program which converts fahrenheit to celsius : Create the following program which converts Fahrenheit to Celsius. Read integer Fahrenheit temperatures from the user.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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