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 shape of the distribution of the set of averages? a) Uniform b) Non-normal c) No requirements, any shape d) Bell Shaped
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 shape of the distribution of the set of averages? a) Uniform b) Non-normal c) No requirements, any shape d) Bell Shaped
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 shape of the distribution of the set of averages?
| a) |
Uniform |
|
| b) |
Non-normal |
|
| c) |
No requirements, any shape |
|
| d) |
Bell Shaped |
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