When members of a philanthropic organization send out a fundraising letter, they get a return from about 5% of the people on their mailing list. They simulated 1000 mailings for samples of size n with success rate p= 0.05. The sample statistics from each simulation are shown in the table. Complete parts a) through c). n mean standard dev. 20 0 0501 0.0485 50 100 200 0.0508 0.0504 0.0307 0.0214 0.0156 0.0501 a) According to the central limit theorem, what should the theoretical mean and standard deviation be for each of the sample sizes? Complete the following table. theoretical mean theoretical standard dev. 20 50 100 200 (Round to four decimal places as needed.) b) How close are the theoretical values to those that were observed? O Not close O Very close

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When members of a philanthropic organization send out a fundraising letter, they get a return from about 5% of the people on their mailing list. They
simulated 1000 mailings for samples of size n with success rate p= 0.05. The sample statistics from each simulation are shown in the table.
Complete parts a) through c).
standard dev.
0.0485
0.0307
0.0214
0.0156
mean
50
100
200
0.0501
0.0508
0.0504
0.0501
a) According to the central limit theorem, what should the theoretical mean and standard deviation be for each of the sample sizes?
Complete the following table.
theoretical mean
theoretical standard dev.
20
50
100
200
(Round to four decimal places as needed.)
b) How close are the theoretical values to those that were observed?
Not close
O Very close
Transcribed Image Text:When members of a philanthropic organization send out a fundraising letter, they get a return from about 5% of the people on their mailing list. They simulated 1000 mailings for samples of size n with success rate p= 0.05. The sample statistics from each simulation are shown in the table. Complete parts a) through c). standard dev. 0.0485 0.0307 0.0214 0.0156 mean 50 100 200 0.0501 0.0508 0.0504 0.0501 a) According to the central limit theorem, what should the theoretical mean and standard deviation be for each of the sample sizes? Complete the following table. theoretical mean theoretical standard dev. 20 50 100 200 (Round to four decimal places as needed.) b) How close are the theoretical values to those that were observed? Not close O Very close
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