It is known that 55% of customers who shop more than 2000 TL in a market shop in installments. Accordingly, what is the standard error of the sample distribution of the rates for 35 customers who shopped more than 2000 YTL? one - O a) 0.094 O B) 0.064 O C) 0.023 O D) 0.084 O TO) 0.184

It is known that 55% of customers who shop more than 2000 TL in a market shop in installments. Accordingly, what is the standard error of the sample distribution of the rates for 35 customers who shopped more than 2000 YTL? one - O a) 0.094 O B) 0.064 O C) 0.023 O D) 0.084 O TO) 0.184

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

Related questions

Q: A distribution with a mean value of 8, a median of 6 and a mode of 5 is: a) symmetric b)…

A: Answer: From the given data, Mean = 8 Median = 6 Mode = 5 Here, Mean > Median > Mode So, the…

Q: The students in a certain high school have an average height of 160 cm with a standard deviation of…

A: mean μ=160σ=12n=12 x~N(160,12)

Q: The chromium percentages of the samples obtained from the drilling in the field are given…

A: Given, Class interval is 10 Minimum value =21 Maximum value = 77 Range = 83-21 =62 Number of class=…

Q: Food Marketing Institute reports that 17% of households spend more than $100 on grocery products.…

A: Given: Population proportion (p) = 0.17 Sample size (n) = 800

Q: The average house in a particular city costs $ 58,000 and the sales price is normally distributed…

A: Given Data Population Mean,μ = 58000.0 Population Standard Deviation,σ = 5500.0

Q: 1. 2. 81 3. A total of 3820 students write a university entrance examination. Bartley earns a score…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose the platelet count of such patients with dengue fever follows a normal distribution with a…

A: Suppose the platelet count of such patients with dengue fever follows a normal distribution with a…

Q: FIND THE MEAN NUMBER OF PLANTS THAT HAVE GREEN PODS. B) FIND THE VARIANCE OF THE NUMBER OF…

A: Let p be the probability of having green pods. Given that p = 0.65 Let X denote the number of plants…

Q: According to a college survey, 22% of all students work full time. Find the mean for the number of…

Q: Suppose students' exam scores are normally distributed with mean u = 65 and standard deviation O =10…

A: From the provided information, Mean (µ) = 65 Standard deviation (σ) = 10 Let X be a random variable…

Q: Which of the following predictions can be calculated using a geometric distribution? O a) the number…

Q: A variable of a population has a mean of u = 75 and a standard deviation of o = 16. a. Identify the…

A: (a) Determine the shape of the sampling distribution. Since, the sample is greater than 30, the…

Q: The histogram displays the sugar con-tent (as a percent of weight) of 49 brands of breakfast…

Q: Whether the durability of a raw material is equal to a certain value 695 will be tested with…

A: It is required to test whether the durability of a raw material is equal to the given value or not.…

Q: Samuel F.B. Morse (1791 – 1872), the creator of Morse Code, claimed that 12% of all letters used in…

A: The population proportion is 0.12. That is, p=0.12.

Q: As the sample size increases, the mean of the sampling distribution: a. gets larger b. stays the…

A: We know that the sample size means the number of units in the sample. We know that by the central…

Q: Which statement is nota definition of the sample mean? a) The average value of the observed values…

A: We have given the statement of the sample mean:

Q: A sampling distribution refers to: a. a set of sampling methods b. a number of samples c. all…

A: A theoretical distribution of a statistic, like the mean or standard deviation, is known as a…

Q: Data collected by a price reporting agency from more than 90,000 gasoline and convenience stores…

A: Given that : n=20

Q: In an exam attended by 1000 people, the average of the grades is 75 and the standard deviation is…

Q: 7. The battery life. in hours, of a group of 16 laptops is shown below. 50% a) Identify the lower…

A: Step 1:The five-point summary from a box plot is given by Step 2:Question 7.a) The lower quartile is…

Q: he manager of a magazine wants to estimate the percent of magazine subscribers who approve of a new…

A: Formula to find confidence interval is

Q: ) For distribution A, M = 20 and SD = 7. For distribution B, the M = 23 and SD = 2. In which…

A: GivenFor distribution A Mean(M)=20standard deviation(SD) = 7For distribution BMean(M)=23stdandard…

Q: The appropriate interval width for a random sample of 100 observations that fall between 50 and 250…

A: We need to use concept of class intervals and number of classes

Q: Find the standard deviation of the sampling distribution of p.

A: We have given that n = 600 p̂ = 0.33

Q: In testing a certain kind of missile, target accuracy is measured by the average distance ? (from…

A: The given probability distribution table is,

Q: According to a college survey, 22% of all students work full time. Find the standard deviation for…

Q: A recent study by the u.s. census bureau determined that the median monthly housing rent was $641.…

A: The median is middle value of the observations, above or below which 50% of the observations lie.…

Q: The 2019 gross sales of all car companies in the country have a mean of 2.3 billion pesos and a…

A: Given information:Let X be 2019 gross sales of all car companies in the country

Q: 47) If a set of observations is normally distributed, The Percent of these differ from The mean by…

A: the set of observations is normally distributed.

Q: 4 she is afraid of gaining that 'freshman fifteen' she keeps hearing about. She has weighed herse…

A: SOCS is a useful acronym. It stands for: Shape Outliers center spread Range = Max-Min

Q: a) A tube of toothpaste is set to be automatically filled to 6.35 ounces. Every four hours 4 tubes…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: In 2010, a survey was given to 822 teenagers, aged 13 to 17, randomly selected by the allup Poll.…

A: Solution: Given information: n= 822 Sample size p^=0.84 Sample proportionq^= 1-p^=0.16 Assume level…

Q: See attached table of grade point averages. One hundred seniors were chosen at random from a…

A: D) The cumulative frequency and relative cumulative frequency table can be constructed as: Class…

Q: Below are summary statistics for infant mortality ratesfor Wisconsin counties in 2011. The numbers…

Q: A student is working on his science fair project. He hypothesizes that the average height of a…

A: Let X be the height of a certain native plant. From the given information, X follows normal…

Q: In a normal distribution, about what proportion of cases falls within +/- 1 standard deviation from…

A: From the provided information,It is asked what proportion of cases falls within +/- 1 standard…

Q: Consider taking samples of size 100 from a population with proportion 0.33. a. Find the mean of the…

A: The random variable X follows binomial distribution. The sample size is 100. The population…

Q: A travel agency wants to study the yearly family travel expenses of the customers. A random sample…

Q: A company had 80 employees whose salaries are summarized in the frequency distribution below. Find…

A: According to the given information, the frequency distribution table is,Salary Employees 5001 -…

Q: Q1) The following are the share prices ($) of some companies: 23, 45, 26, 30 and 35. a) What is the…

A: As per our guidelines, we are allowed to answer first three sub-parts only. Thanks Given Data : The…

Q: If you compute the arithmetic mean, the sum of deviations of scores from that mean are always equal…

A: Introduction: Consider a data set that consists of n observations, x1, x2, ..., xn. The arithmetic…

Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

It is known that 55% of customers who shop more than 2000 TL in a market shop in installments. Accordingly, what is the standard error of the sample distribution of
one -
the rates for 35 customers who shopped more than 2000 YTL?
a) 0.094
O B) 0.064
O C) 0.023
O D) 0.084
O TO) 0.184

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Point Estimation, Limit Theorems, Approximations, and Bounds$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

Assume critical reading scores for a standardized test are distributed as N(550,50). Complete parts (a) through (d) below.
Past experience indicates that the standard deviation in the time it takes for a “fast lube” operation to actually complete the lube and oil change for customers is 3 minutes. The managers wish to estimate the mean time with 95% confidence and margin of error of 0.5 minutes. Given this, what must the sample size be ? a) 139 b) 239 c) 366 d) 500
Suppose we are told that the mean age for students taking the SAT is 164 years with a standard deviation of 0.68 years. What ages (rounded to two decimal places) would represent the middle 36%? O a) 15.86 & 16.54 O b) 16.06 & 16.74 O c) 16.08 & 16.72 O d) 15.88 & 16.52
Can you... a) Create the distribution of sample means with n= 3 for the population 2, 4, 6, 8? b) Compute the mean and standard deviation of the sampling distribution with n = 3?
Suppose a distribution has Mean=20, Median=10, and SD=15. Then, the coefficient of skewness is, a) 1.50 2.00 b) c) d) -2.00 -3.00 Answer A cer
A corporation is interested in estimating the total carnings from sales of colour television sets at the end of a three-month period. The total earnings figures are available for all districts within the corporation for the corresponding three-month period of the previous year. A simple random sample of 13 district offices is selected from the 123 offices within the corporation. a) b) c) Use a ratio estimator to estimate the total earnings at the end of the three-month period. - 128,200. Take x Use the data below and find == 1 - 582 2 different ways using both the formulac Sp» = πλη (Σy, – Rxg)* = 1, Σy? - 28 Σx,y, + Σx?] n-1 12-1 Estimate the standard error (standard deviation) of your estimate.
4. The ages of six junior champion chess players are 16, 11, 8, 13, 7, and 11. Using the deviation-score method(i.e., the definitional formula used in class), find:a) the range of the ages.b) the variance of the ages.c) the standard deviation of the ages 5. Add the extreme score of 4 to the ages from #4 and recompute:a) The range of the ages.b) The variance of the ages.c) The standard deviation of the ages.d) Compare the ranges and standard deviations from #4 and #5. What generalization is illustrated bycomparing these answers?
A statement as to the approximate amount of area under a normal curve that is found between +/- 1, +/- 2, and +/- 3 standard deviations from the mean is known as the: Group of answer choices a. rule of proportions b. distribution division statement c. rule of percentages d. 1-2-3 rule
Suppose that in a large class, the instructor announces that the average grade on an exam is 75. Which is more likely to be closer to 75: a.) The exam grade of a randomly selected student in the class? b.) The mean exam grade of a sample of 10 sttudents? Explain.
4a. Suppose that 35% of senior citizens have a social media account. If we survey 150 senior citizens, what is the mea of the sampling distribution?
The state test scores for 12 randomly selected high school seniors are shown on the right. Assume the population is normally distributed. a) Find the sample mean. 1420 1223 988 694 730 836 721 742 541 623 1449 950 a) Find the sample mean. x=enter your response here (Round to one decimal place as needed.)
3) The distribution of incomes for first year accountants is normally distributed with a mean of $54,000 and a standard deviation of $4,000. What percent of first year accountants earn: a) More than $50,000? b) Between $46,000 and $58,000? c) Less than $46,000? d) Between $58,000 and $62,000