What is the probability that sample variance would be less

Assignment Help Business Economics
Reference no: EM13151429

A mathematics test of 100 multiple- choice questions is to be given to all freshmen enetring a large university. Initially, in a pilot study the test was given to a random sample of 20 freshmen. Suppose that, for the population of all entering freshmen, the distribution of the number of correct answers would be normal with a variance of 250.

A. what is the probability that sample variance would be less than 100?

B. what is the probability that sample variance would be more than 500.

Reference no: EM13151429

Questions Cloud

What is meant by radial or alternate : what is meant by "radial" or "alternate" arrangement of vascular tissue? and how is the arrangment of the cells that contain a casparian strip? Please explain why?
Analysis prepared by cincinnati flow : Required: Were the analysis prepared by Cincinnati Flow Technology's engineering, manufacturing, and accounting departments and their recommendation to continue purchasing the pumps correct? Explain your answer and include any supporting calculatio..
Construct a table showing the marginal revenue product : Construct a table showing the (net) marginal revenue product derived from assembly worker employment and how many assemblers would Just Bikes employ at a daily wage rate of $100? Explain your answer and show all calculations.
Income statement for the three months : The estimate for 2011 is subject to year-end adjustment. What amount, if any, of expense should be reflected in Post's quarterly income statement for the three months ended March 31, 2011?
What is the probability that sample variance would be less : what is the probability that sample variance would be less than 100? what is the probability that sample variance would be more than 500.
How does the united states tax erica''s activities? : How does the United States tax Erica's activities? How would your answer change if Erica were a self-employed technician rather than an employee?
Pressure reading-patient has high blood pressure problem : The average blood pressure reading will be less than 150 and hence fail to indicate that the patient has a high blood pressure problem?
Explain why the actual increase in m-1 will be smaller : explain why the actual increase in M-1 will be smaller than that indicated by the over smplified multiplier.
Straight-line method of depreciation for the machinery : At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation expense for 2011 would be:

Reviews

Write a Review

Business Economics Questions & Answers

  Which of subsequent correctly describes an external benefits

Which of the subsequent correctly describes an external benefit resulting from A person's purchase of flu shots from a doctor.

  Strategic changes in a company

Choose a company whose stock is publicly traded on a United State stock exchange. What strategic changes has this company made over the last 18 months to respond to changing macroeconomic conditions?

  Illustrate what means do they use to hedge against exchange

Consider any two of those operations and the contribution they are making to the parent firm's profits. Illustrate what means do they use to hedge against exchange rate risk.

  Decrease in the price of land

Impact the decrease in the price of land will have on this firm's short run cost curves (short run fixed costs, variable costs also total costs). Elucidate your illustration.

  Tax be the most efficient

If a tax were to be imposed on one of these items, for which item would the tax be the most efficient.

  Explain how does price elasticity of demand for corn oil

Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.

  Calculate the price of elasticity of demand for paint

Calculate the price of elasticity of demand for paint and show your calculations. decide whether the demand for paint is elastic,unitary elastic, or inelastic. explain your reasoning and interpret your results.

  Illustrate what is the amount of producer surplus

If quantity is 20 also if producers receive the seller's price for to output illustrate what is the amount of Producer Surplus.

  How many workers do you need to produce shrimp

Presently, boats rent for $500 per day also workers cost $100 per day. How many workers do you need to produce 200 tons of shrimp?

  Market demand and supply function for vcr

The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price.

  Organizations that provide the good may utilize

Propose two (2) methods in which organizations that provide the good may utilize this information. Provide a rationale for your response.

  Elucidate how do taxes influence the before-tax cash flow

Discuss the influence of taxes on the results of the above analyses. Elucidate how do taxes influence the before-tax cash flow compared to the after-tax cash flow results.

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