Answered: The distribution of tips given by…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The distribution of tips given by customers who buy one cup of coffee is bimodal with a mean of $0.29 and a standard deviation of $0.1164. If a random sample of 50 tips from customers who buy one cup of coffee is selected, is it appropriate to calculate the probability of a sample mean being more than $0.32 using an approximately Normal model?

Yes, the population of all people who buy one cup of coffee is extremely large, so the shape of the sampling distribution of is not a concern, and P(> 32) = 0.0372.

Yes, since the sample size 50 is large enough, the sampling distribution for would be approximately Normal, and P(>32) = 0.0372.

Yes, since the sample size 50 is large enough, the sampling distribution for would be approximately Normal, and P(> 32) = 0.3983.

No, it is not appropriate to estimate the probability using an approximately Normal model because the population is not Normal, and the sample size is not reasonably large.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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