In July, Seattle's daily high temperature has a mean of 75°F and a standard deviation of 6°F. The formula to convert degrees Fahrenheit °F to degrees Celsius ˚C is: 5 (°F-32) Use this information to answer the following questions. Compute the mean of Seattle's daily high temperature in degrees Celsius ˚C. The mean of the daily high temperature in degrees Celcius = 23.889 °C (Round your response to three decimal place.) Compute the standard deviation of Seattle's daily high temperature in degrees Celsius ˚C. The standard deviation of the daily high temperature in degrees Celisius = ☐ °C (Round your response to three decimal places) Determine whether the following variables are random or not: 1. The time it takes to commute to school. Random 2. The daily return of a stock. Random 3. The number of days in a week. 4. The gender of the next person 5. The number of times it rains dur Not random Random

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

please help me with both the question. Thank you

In July, Seattle's daily high temperature has a mean of 75°F and a standard deviation of 6°F.
The formula to convert degrees Fahrenheit °F to degrees Celsius ˚C is:
5
(°F-32)
Use this information to answer the following questions.
Compute the mean of Seattle's daily high temperature in degrees Celsius ˚C.
The mean of the daily high temperature in degrees Celcius = 23.889 °C
(Round your response to three decimal place.)
Compute the standard deviation of Seattle's daily high temperature in degrees Celsius ˚C.
The standard deviation of the daily high temperature in degrees Celisius = ☐ °C
(Round your response to three decimal places)
Transcribed Image Text:In July, Seattle's daily high temperature has a mean of 75°F and a standard deviation of 6°F. The formula to convert degrees Fahrenheit °F to degrees Celsius ˚C is: 5 (°F-32) Use this information to answer the following questions. Compute the mean of Seattle's daily high temperature in degrees Celsius ˚C. The mean of the daily high temperature in degrees Celcius = 23.889 °C (Round your response to three decimal place.) Compute the standard deviation of Seattle's daily high temperature in degrees Celsius ˚C. The standard deviation of the daily high temperature in degrees Celisius = ☐ °C (Round your response to three decimal places)
Determine whether the following variables are random or not:
1. The time it takes to commute to school. Random
2. The daily return of a stock. Random
3. The number of days in a week.
4. The gender of the next person
5. The number of times it rains dur
Not random
Random
Transcribed Image Text:Determine whether the following variables are random or not: 1. The time it takes to commute to school. Random 2. The daily return of a stock. Random 3. The number of days in a week. 4. The gender of the next person 5. The number of times it rains dur Not random Random
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education