A large population (consisting of measurements of diameters of ball bearings) has mean µ and standard deviation o, neither of which is perfectly known. A random sample of size n = 25 observations will be taken, namely the diameters U1, U2,·.., U25, will be observed. In other words, U1, U2, · · · , U2, are independent and identically distributed random variables with µ = E(U1) and Var(U1) = o². No further knowledge about the shape of the distribution is known. Define, 25 (i) If someone says E(X25) = 13, what information does he give you about µ, if any? %3D (ii) If someone says o = 5, what is Var(X23,)? • (iii) What is the chance, approximately, that a sample of size n = 25 will have its mean, X25, smaller than the population mean µ? In other words, find an approximation of P(X25 < 4). [Hint: see if the value of o is relevant or not to answer the question.] • (iv) In part (iii) while approximating what theorem did you use, if any? (v) What is the chance, approximately, that a sample of size n = 25 will have its mean, X25, smaller than µ + 2, when ở = 5. • (vi) From a sample of size n = 25 find an approximate value of P(µ – 2
A large population (consisting of measurements of diameters of ball bearings) has mean µ and standard deviation o, neither of which is perfectly known. A random sample of size n = 25 observations will be taken, namely the diameters U1, U2,·.., U25, will be observed. In other words, U1, U2, · · · , U2, are independent and identically distributed random variables with µ = E(U1) and Var(U1) = o². No further knowledge about the shape of the distribution is known. Define, 25 (i) If someone says E(X25) = 13, what information does he give you about µ, if any? %3D (ii) If someone says o = 5, what is Var(X23,)? • (iii) What is the chance, approximately, that a sample of size n = 25 will have its mean, X25, smaller than the population mean µ? In other words, find an approximation of P(X25 < 4). [Hint: see if the value of o is relevant or not to answer the question.] • (iv) In part (iii) while approximating what theorem did you use, if any? (v) What is the chance, approximately, that a sample of size n = 25 will have its mean, X25, smaller than µ + 2, when ở = 5. • (vi) From a sample of size n = 25 find an approximate value of P(µ – 2
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
Related questions
Question
Please Answer part (iv), (v) and (vi)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON