The annual salary for a Chief Executive in May 2022 followed an approximately normal distribution with an average of $242,765 and a standard deviation of $43,754. Suppose we intend to take arandom sample of 11 Chief Executives and find its sample mean: x.a) For each of the following, select whether it is correct or incorrect.i) The sampling distribution for x will not necessarily be normally distributed because the standard deviation is so large relative to the mean. Incorrectii) The sampling distribution of x will be normally distributed because the sample size is large enough. Incorrectiii) The sampling distribution of x will be approximately normal because the population of Chief Executives is large. Incorrectiv) The sampling distribution of x will be approximately normal because the sample is selected from a population that is approximately normal. Correctb) What is the probability that our sample average is less than $222,352? (3 decimal places) .033 X

Note:Hi there! Thank you for posting the questions. As sum of the blanks are answered correctly, we…

Answered: The annual salary for a Chief Executive…

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

Similar questions

1. Of all customers purchasing automatic garage-door openers, 57% purchase a chain-driven model. Let X = the number among the next 15 purchasers who select the chain-driven model. a. Calculate P(X > 10). b. Calculate P(8
Suppose that the number of points scored in a game comes from a normal population with an average of 12 points and a standard deviation of 9 points. Estimate the chance that the average points scored in ten randomly selected games will exceed 14.2 points. A. 0.4034 B. 0.0073 C. 0.2198 D. 0.2297
After numerous studies, it is estimated that the age of college students follows a normal distribution with a mean of 20.7 years and a standard deviation of 1.8 years. A random sample of 16 college students is taken and the sample mean and sample standard deviation are found to be 21.5 years and 2.3 years, respectively. a.Is the sample average of 21.5 considered an outlier (in other words, what is the chance of getting a sample mean at least as large as 21.5 assuming μ and σ are correct)? b. The calculated value of the sample standard deviation is larger than σ, is 2.3 years enough larger than 1.8 that the estimate of σ does not seem reasonable? Use probability to support your conclusion c.No matter what you got for an answer in part b, assume we no longer trust σ = 1.8 to be valid. Calculate the same probability as you did in part a, but this time, assume that σ is unknown.
A professor wants to know whether or not there is a difference in comprehension of a lab assignment among students depending on if the instructions are given all in text, or if they are given primarily with visual illustrations. She randomly divides her class into two groups of 15, gives one group instructions in text and the second group instructions with visual illustrations. The following data summarizes the scores the students received on a test given after the lab. Let the populations be normally distributed with a population standard deviation of 5.32 points for both the text and visual illustrations. Text (Group 1) Visual Illustrations (Group 2) 57.3 59 45.3 57.6 87.1 72.9 61.2 83.2 43.1 64 87.3 76.7 75.2 78.2 88.2 64.4 67.5 89 86.2 72.9 67.2 88.2 54.4 43.8 93 97.1 89.2 95.1 52 84.1 Is there evidence to suggest that a difference exists in the comprehension of the lab based on the…
A recent Gallup Poll interviewed a random sample of 1523 adults. Of these, 868 bought a lottery tickets in the past year. Suppose that in fact (unknown to Gallup) exactly 60% of all adults bought a lottery ticket in the past year. If Gallup took many simple random samples of 1,523 people, the sample proportion who bought a ticket would vary from sample to sample. The sampling distribution would be close to normal with a mean of 0.6 and a standard deviation of___ A)0.4899 B)0.0251 C)0.00016 D)0.0126
A. A market researcher analyzes how many electronics devices customers buy in a single purchase. The distribution has a mean of three with a standard deviation of 0.7. She samples 400 customers. What is the z-score for Σx = 1,172? (Enter an exact number as an integer, fraction, or decimal.) B. An unknown distribution has a mean of 100, a standard deviation of 100, and a sample size of 100. Let X = one object of interest. What is the mean of ΣX? (Enter an exact number as an integer, fraction, or decimal.)
1) The mean and standard deviation of a population are 200 and 20, respectively.The probability of selecting one data value less than 190 is ____ %. (Round answer to the nearest percent (whole number). Do not write the % sign.) 2) A. C. Neilsen reported that children between the ages of 2 and 5 watch an average of 25 hours of television per week. Assume the variable is normally distributed and the standard deviation is 3 hours.If 20 children between the ages of 2 and 5 are randomly selected, the number of children in the sample who watch at least 25.2 hours of television is? Give answer to the nearest whole number, not a percent. 3) A. C. Neilsen reported that children between the ages of 2 and 5 watch an average of 25 hours of television per week. Assume the variable is normally distributed and the standard deviation is 3 hours.If 20 children between the ages of 2 and 5 are randomly selected, the number of children in the sample who watch at most 22.5 hours of television is? . Give…

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

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

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS