What is the probability that a random sample have average

Assignment Help Econometrics
Reference no: EM13207901

Starting salaries of economics majors have a mean of $47,000/year with a standard deviation of $8,000. What is the probability that a random sample of 100 majors will have an average salary of more than $50,000 year?

Reference no: EM13207901

Questions Cloud

Explain what alkene would be produced by the dehydration : What alkene (including cis and trans isomers) would be produced by the dehydration of the following alcohols? Where possible, predict the relative amounts of each product according to Zaitsev's rule.
Calculate marginal cost of capital : Calculate the Net Present Value and Internal Rate of Return and calculate Marginal cost of capital in the interval between each of the breaking points and graph the MCC schedule in its step function form.
Each vehicle is identified by vehicle identification number : Design a database for an automobile company to provide to its dealers to assist them in maintaining customer records and dealer inventory and to assist sales staff in ordering cars.
Compute the thermal energy evolved : When butane gas, C4H10, burns in oxygen gas, O2, to form carbon dioxide gas, CO2, and gaseous water, 2845 kJ of thermal energy is evolved per mole of butane burned.
What is the probability that a random sample have average : Starting salaries of economics majors have a mean of $47,000/year with a standard deviation of $8,000. What is the probability that a random sample of 100 majors will have an average salary of more than $50,000 year
What are the pro and con of digital rights managment : What are the pro's and con's of Digital Rights Managment?
Describe operation and its different components or stages : Describe your operation, its different components or stages, the materials used and the type of wastes generated. What is your waste management plan and approach for protecting the environment and human health?
Design an employee class : Design an Employee class that has fields for the following pieces of information: Employee Name Employee Number Next, design a class named ProductionWorker that extends the Employee class.
What is probability that annual return given is positive : Suppose that a mutual fund has an annual rate of return that is normally distributed with a mean of 10% and a standard deviation of 4%. What is the probability that the annual return in a given year will be negative

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

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

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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