Homework Help is Here – Start Your Trial Now!
Math
Statistics
$213.748 (in billions). Use the normal distribution to estimate the number of countries with less than $100 (in billions). Compare that estimate with the actual number. Comment on the accuracy of your estimate. en μ = 136.020(billions), sigma = 213.748 (billions) P(X < 100 billions) = P... 52(???) ??? countries (estimate) actual number of countries <100 bill = ??? countries. etween ?? countries (actual) and ??? countries (estimate), the estimate is off by ?? ntries. Is it a good estimate?

$213.748 (in billions). Use the normal distribution to estimate the number of countries with less than $100 (in billions). Compare that estimate with the actual number. Comment on the accuracy of your estimate. en μ = 136.020(billions), sigma = 213.748 (billions) P(X < 100 billions) = P... 52(???) ??? countries (estimate) actual number of countries <100 bill = ??? countries. etween ?? countries (actual) and ??? countries (estimate), the estimate is off by ?? ntries. Is it a good estimate?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
6. The population mean of exports (in billions) is $136.020 with a standard deviation of $213.748 (in billions). Use the normal distribution to estimate the number of countries with less than $100 (in billions). Compare that estimate with the actual number. Comment on the accuracy of your estimate. Given μ = 136.020(billions), sigma = 213.748 (billions) P(X 100 billions) = P... So, 62(???) ??? countries (estimate) The actual number of countries <100 bill = ??? countries. So between ?? countries (actual) and ??? countries (estimate), the estimate is off by ?? countries. Is it a good estimate?
Transcribed Image Text:6. The population mean of exports (in billions) is $136.020 with a standard deviation of $213.748 (in billions). Use the normal distribution to estimate the number of countries with less than $100 (in billions). Compare that estimate with the actual number. Comment on the accuracy of your estimate. Given μ = 136.020(billions), sigma = 213.748 (billions) P(X 100 billions) = P... So, 62(???) ??? countries (estimate) The actual number of countries <100 bill = ??? countries. So between ?? countries (actual) and ??? countries (estimate), the estimate is off by ?? countries. Is it a good estimate?
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS