Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 6, Problem 1P

The American League consists of 15 baseball teams. Suppose a sample of 5 teams is to be selected to conduct player interviews. The following table lists the 15 teams and the random numbers assigned by Excel’s RAND function. Use these random numbers to select a sample of size 5.

Chapter 6, Problem 1P, The American League consists of 15 baseball teams. Suppose a sample of 5 teams is to be selected to

Expert Solution & Answer
Check Mark
To determine

Select a random sample size 5.

Answer to Problem 1P

The simple random sample consists of Team Ne, Team De, Team Oa, Team Bo, and Team Ka.

Explanation of Solution

The ascending order of random number is given below:

TeamRandom Number
Ne0.178624
De0.253574
Oa0.288287
Bo0.290197
Ka0.326836
Te0.500879
Ch0.562178
Ba0.57837
Ho0.713682
Mi0.81181
Se0.839071
Ta0.867778
Lo0.895267
To0.965807

The simple random sample consists of least 5 random numbers.

Therefore, the simple random sample of size 5 is Team Ne, Team De, Team Oa, Team Bo, and Team Ka

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Homework Let X1, X2, Xn be a random sample from f(x;0) where f(x; 0) = (-), 0 < x < ∞,0 € R Using Basu's theorem, show that Y = min{X} and Z =Σ(XY) are indep. -
Homework Let X1, X2, Xn be a random sample from f(x; 0) where f(x; 0) = e−(2-0), 0 < x < ∞,0 € R Using Basu's theorem, show that Y = min{X} and Z =Σ(XY) are indep.
An Arts group holds a raffle.  Each raffle ticket costs $2 and the raffle consists of 2500 tickets.  The prize is a vacation worth $3,000.    a. Determine your expected value if you buy one ticket.     b. Determine your expected value if you buy five tickets.     How much will the Arts group gain or lose if they sell all the tickets?

Chapter 6 Solutions

Essentials of Business Analytics (MindTap Course List)

Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
College Algebra
Algebra
ISBN:9781337282291
Author:Ron Larson
Publisher:Cengage Learning
Text book image
College Algebra
Algebra
ISBN:9781938168383
Author:Jay Abramson
Publisher:OpenStax
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License