
Intro Stats
4th Edition
ISBN: 9780321826275
Author: Richard D. De Veaux
Publisher: PEARSON
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Textbook Question
Chapter 15, Problem 42E
CEO compensation The total compensation of the chief executive officers (CEOs) of the 800 largest U.S. companies (the Fortune 800) averaged (in thousands of dollars) 10,307.31 with a standard deviation (also in $1000) of 17,964.62. Here is a histogram of their annual compensations (in $1000):
- a) Describe the histogram of Total Compensation. A research organization simulated sample means by drawing samples of 30, 50, 100, and 200, with replacement, from the 800 CEOs. The histograms show the distributions of means for many samples of each size.
- b) Explain how these histograms demonstrate what the Central Limit Theorem says about the sampling distribution model for sample means. Be sure to talk about shape, center, and spread.
- c) Comment on the “rule of thumb” that “With a
sample size of at least 30, the sampling distribution of themean is Normal.”
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Chapter 15 Solutions
Intro Stats
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Ch. 15 - Character recognition An automatic character...Ch. 15 - Prob. 5ECh. 15 - Prob. 6ECh. 15 - Send more money The philanthropic organization in...Ch. 15 - Character recognition, again The automatic...Ch. 15 - Prob. 9ECh. 15 - Prob. 10ECh. 15 - Prob. 11ECh. 15 - Prob. 12ECh. 15 - Prob. 13ECh. 15 - Prob. 14ECh. 15 - Prob. 15ECh. 15 - Prob. 16ECh. 15 - Prob. 17ECh. 15 - Prob. 18ECh. 15 - 19. More coins Suppose the class in Exercise 17...Ch. 15 - 20. Bigger bag Suppose the class in Exercise 18...Ch. 15 - Prob. 21ECh. 15 - Prob. 22ECh. 15 - Prob. 23ECh. 15 - Prob. 24ECh. 15 - Prob. 25ECh. 15 - Prob. 26ECh. 15 - Prob. 27ECh. 15 - Prob. 28ECh. 15 - Prob. 29ECh. 15 - Prob. 30ECh. 15 - Prob. 31ECh. 15 - Prob. 32ECh. 15 - 33. Polling Just before a referendum on a school...Ch. 15 - Prob. 34ECh. 15 - Prob. 36ECh. 15 - Prob. 37ECh. 15 - 38. Meals A restaurateur anticipates serving about...Ch. 15 - Prob. 39ECh. 15 - Prob. 40ECh. 15 - Prob. 41ECh. 15 - CEO compensation The total compensation of the...Ch. 15 - Prob. 43ECh. 15 - Prob. 44ECh. 15 - GPAs A colleges data about the incoming freshmen...Ch. 15 - Prob. 46ECh. 15 - Lucky spot? A reporter working on a story about...Ch. 15 - Prob. 48ECh. 15 - Pregnancy Assume that the duration of human...Ch. 15 - Rainfall Statistics from Cornells Northeast...Ch. 15 - Prob. 51ECh. 15 - Prob. 52ECh. 15 - Prob. 53ECh. 15 - Prob. 54ECh. 15 - 55. AP Stats 2011 The College Board reported the...Ch. 15 - Prob. 56ECh. 15 - Prob. 57ECh. 15 - Prob. 58ECh. 15 - Prob. 59ECh. 15 - 60. Potato chips The weight of potato chips in a...Ch. 15 - Prob. 61ECh. 15 - 62. Milk Although most of us buy milk by the quart...
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