a. Explanation Given info: The distribution must be Uniformly distributed. Calculation: For sample size = 2 : Sample from a population: Software Procedure: Step-by-step procedure to obtain a sample from population using the Applet application: Go to Pearson Applets and Choose Sample from population. From Select distribution , select Uniform . In Sample size , enter 2 . Click the Sample tab. Output using the Applet application is given below: For the smallest sample size 2, the mean, median and standard deviation of the Uniform distribution are 11.352, 11.352 and 12.2952. For Sample size = 5 , 000 : Sample from a population: Software Procedure: Step-by-step procedure to obtain a sample from population using the Applet application: Go to Pearson Applets and Choose Sample from population. From Select distribution , select Uniform b . To determine To describe: What happens to the shape of the graph and the mean, median and standard deviation of the sample as the sample size increases.

Statistics for Business and Economics (13th Edition)

13th Edition

ISBN: 9780134506593

Author: James T. McClave, P. George Benson, Terry Sincich

Publisher: PEARSON

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Chapter 4.8, Problem 4.7AE

To determine

To run: The applet Sample from a population for each available value for smallest to highest values of n.

To find: find the mean, median and standard deviation of the sample and observe the shape of the graph.

To determine

To describe: What happens to the shape of the graph and the mean, median and standard deviation of the sample as the sample size increases.

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Chapter 4.8, Problem 4.138LM

Chapter 4.8, Problem 4.8AE

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Chapter 4 Solutions

Statistics for Business and Economics (13th Edition)

Ch. 4.1 - Types of random variables. Which of the following...Ch. 4.1 - Types of finance random variables. Security...Ch. 4.1 - NHTSA crash tests. Refer to the National Highway...Ch. 4.1 - Customers in line at a Subway shop. The number of...Ch. 4.1 - Executive pay. Refer to Glassdoor Economic...Ch. 4.1 - Banking. Give an example of a discrete random...Ch. 4.1 - Economics. Give an example of a continuous random...Ch. 4.1 - Hotel management. Give an example of a discrete...Ch. 4.1 - Retailing. Give two examples of discrete random...Ch. 4.1 - Stock market. Give an example of a continuous...

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To run: The applet Sample from a population for each available value for smallest to highest values of n . To find: find the mean , median and standard deviation of the sample and observe the shape of the graph.

Solution Summary: The author explains how to run the applet Sample from a population for smallest to highest values of n.

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To run: The applet Sample from a population for each available value for smallest to highest values of n.

To find: find the mean, median and standard deviation of the sample and observe the shape of the graph.

To describe: What happens to the shape of the graph and the mean, median and standard deviation of the sample as the sample size increases.

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Chapter 4 Solutions

To run: The applet Sample from a population for each available value for smallest to highest values of n . To find: find the mean , median and standard deviation of the sample and observe the shape of the graph.

Solution Summary: The author explains how to run the applet Sample from a population for smallest to highest values of n.

Concept explainers

Videos

To run: The applet Sample from a population for each available value for smallest to highest values of n. To find: find the mean, median and standard deviation of the sample and observe the shape of the graph.

To describe: What happens to the shape of the graph and the mean, median and standard deviation of the sample as the sample size increases.

Want to see the full answer?

Chapter 4 Solutions

To run: The applet Sample from a population for each available value for smallest to highest values of n.

To find: find the mean, median and standard deviation of the sample and observe the shape of the graph.