You observe an olympic athlete in the long-jump suppose the

Assignment Help Microeconomics

Reference no: EM13378030

You observe an Olympic Athlete in the long-jump. Suppose the distance of each jump is a random variable that follows a normal distribution with mean and variance2. He jumps 8 times and records the following distances.

Jump Distance (meters)

1 8.79

2 8.87

3 8.82

4 8.49

5 8.74

6 8.32

7 8.84

8 8.50

a. Calculate an unbiased estimate for the value of ?

b. Calculate an unbiased estimate for the value of ?2?

c. Construct an interval that has a 95% probability of containing ?.

The athlete says that he is better than Carl Lewis, who jumped an average distance of 8.50 throughout his career. What would you say to that? Suppose both of your guesses from parts a.) and b.) are exactly correct. What is the probability that the athlete's next jump is over the world record of 8.95 meters?

Reference no: EM13378030

Questions Cloud

Imagine you were studying marxism together with a friend : imagine you were studying marxism together with a friend and the friend said to you doesnt the labor theory of value

Suppose the ratio of deposits that banks hold in the form : suppose the ratio of deposits that banks hold in the form of reserves is 7 percent. suppose further that people want to

Given the following information for november 2010 calculate : given the following information for november 2010 calculate the amounts of m1 and m2 in november 2010. the amounts are

Suppose that the equation for autonomous planned spending : suppose that the equation for autonomous planned spending ap ap 6200-200r and the value of the multiplier k is 2.5.a.

You observe an olympic athlete in the long-jump suppose the : you observe an olympic athlete in the long-jump. suppose the distance of each jump is a random variable that follows a

1 in a market system well-defined property rights are : 1. in a market system well-defined property rights are important because theyreduce unnecessary investment. limit

1a positive statement is one which isderived by induction : 1. a positive statement is one which isderived by induction. derived by deduction. subjective and is based on

Suppose that the average prices of refrigerators have : suppose that the average prices of refrigerators have fallen over the past few years yet the refrigerator companies

Transactions analysis and trail balance make t-accounts for : transactions analysis and trail balance make t-accounts for the following accounts that appear in the general ledger of

User Account

All Pages