Suppose that you have a four-sided die that is equally weighted (i.e. equal chance of any of the four sides landing face up). The four values on the die are [12.5968, 2, -2 and -12.5968] . If we roll the die 81 times, record the average, and repeat this process a total of 100 times, what does the central limit theorem predict will be the mean of the set of averages? a) 0 b) 12.59 c) 1.23 d) 5.72
Suppose that you have a four-sided die that is equally weighted (i.e. equal chance of any of the four sides landing face up). The four values on the die are [12.5968, 2, -2 and -12.5968] . If we roll the die 81 times, record the average, and repeat this process a total of 100 times, what does the central limit theorem predict will be the mean of the set of averages? a) 0 b) 12.59 c) 1.23 d) 5.72
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Suppose that you have a four-sided die that is equally weighted (i.e. equal chance of any of the four sides landing face up). The four values on the die are [12.5968, 2, -2 and -12.5968] . If we roll the die 81 times, record the average, and repeat this process a total of 100 times, what does the central limit theorem predict will be the mean of the set of averages?
a) |
0 |
|
b) |
12.59 |
|
c) |
1.23 |
|
d) |
5.72 |
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