What assumption would be required in given context

Assignment Help Basic Statistics

Reference no: EM131405042

Employees at a corporate headquarters own an average of 240 shares of the company's common stock, with a standard deviation of 40 shares.

For a simple random sample consisting of 5 employees, what assumption would be required if we are to use the standard normal distribution in determining P(x‾ ≥ 220)?

Reference no: EM131405042

Questions Cloud

Why would taoist beliefs encourage the study of regularly : Why would taoist beliefs encourage the study of regularly occurring natural events such as eclipses and solar years.List three materials developed in china that later came into wide use in the Western World

Probability that average deviation would be 34 seconds : If the manufacturer's claim is correct (i.e., seconds, σ = 10 seconds), what is the probability that the average deviation from perfect accuracy would be 34 seconds or more?

How do counterintelligence professionals utilize the nipf : What is the purpose of the National Intelligence Priorities Framework (NIPF)? Explain. How do counterintelligence professionals utilize the NIPF? Explain.

Pyramids influenced contemporary architecture : Think about why your viewers might be interested in your topic. In what ways, might they make connections with your exhibition topic? To develop your exhibition, you will want to give a full explanation of your topic and its significance.

What assumption would be required in given context : For a simple random sample consisting of 5 employees, what assumption would be required if we are to use the standard normal distribution in determining P(x‾ ≥ 220)?

Briefly define organizational behavior : Briefly define organizational behavior. How can the knowledge of organizational behavior be used to enhance a person's job performance and career? It would be very helpful if you can provide some examples.

Consultancy report on employee morale and motivation : Write a Consultancy Report on Employee Morale and Motivation, Call centers play a crucial role in enhancing service delivery in the contemporary technologically advanced business environment. With the aim of achieving effective service delivery, valu..

What risk management methods and standards : Answer each question in as much detail as possible, considering your organisational requirements for each one. 1. What risk management methods and standards are best to use for the following low level risk situations. Explain why.

What extent must the sample size be increased : For a given sample size, the standard error of the sample mean is 10 grams. With other factors unchanged, to what extent must the sample size be increased if the standard error of the sample mean is to be just 5 grams?

User Account

All Pages