Concept explainers
(a)
To find: the
(a)
Answer to Problem 68E
Randomly selecting one car entering the interchange during rush hour and finding 2 or more people in that car
Explanation of Solution
The standard deviation of the sampling distribution of the sample
This then means that the standard deviation decreases as the sample size increases and therefore the data values are closer to the
This then means that you are less likely to find a mean of 2 or more people in the cars when the sample size is larger and therefore event with the smaller sample size (1 car) is more likely to occur.
(b)
To Calculate: the
(b)
Answer to Problem 68E
Population distribution is unknown and the sample is small
Explanation of Solution
Centre limit theorem: if the sample size is equal or greater than 30 then the sampling distribution of the sample mean
Since the sample size of 1 is less than 30, it cannot be used the central limit theorem. In this case, the sampling distribution of the sample mean has the same shape as the population distribution
Although, do not know the population distribution and therefore it cannot be find the probability when have only 1 car in the sample.
(c)
To Calculate: the probability of the second event in part (a).
(c)
Answer to Problem 68E
0.04%
Explanation of Solution
Given:
Formula used:
Calculation:
Since the sample size is equal or greater than 30 then the central limit theorem says that the sampling distribution of the sample mean is about normal.
The Z-score is
The associating probability using the normal probability table
Chapter 7 Solutions
PRACTICE OF STATISTICS F/AP EXAM
Additional Math Textbook Solutions
Elementary Statistics (13th Edition)
Basic Business Statistics, Student Value Edition
A First Course in Probability (10th Edition)
Elementary Statistics
Calculus: Early Transcendentals (2nd Edition)
- 3. Pleasearrow_forwardWhat does the margin of error include? When a margin of error is reported for a survey, it includes a. random sampling error and other practical difficulties like undercoverage and non-response b. random sampling error, but not other practical difficulties like undercoverage and nonresponse c. practical difficulties like undercoverage and nonresponse, but not random smapling error d. none of the above is corretarrow_forwardsolve part a on paperarrow_forward
- T1.4: Let ẞ(G) be the minimum size of a vertex cover, a(G) be the maximum size of an independent set and m(G) = |E(G)|. (i) Prove that if G is triangle free (no induced K3) then m(G) ≤ a(G)B(G). Hints - The neighborhood of a vertex in a triangle free graph must be independent; all edges have at least one end in a vertex cover. (ii) Show that all graphs of order n ≥ 3 and size m> [n2/4] contain a triangle. Hints - you may need to use either elementary calculus or the arithmetic-geometric mean inequality.arrow_forwardWe consider the one-period model studied in class as an example. Namely, we assumethat the current stock price is S0 = 10. At time T, the stock has either moved up toSt = 12 (with probability p = 0.6) or down towards St = 8 (with probability 1−p = 0.4).We consider a call option on this stock with maturity T and strike price K = 10. Theinterest rate on the money market is zero.As in class, we assume that you, as a customer, are willing to buy the call option on100 shares of stock for $120. The investor, who sold you the option, can adopt one of thefollowing strategies: Strategy 1: (seen in class) Buy 50 shares of stock and borrow $380. Strategy 2: Buy 55 shares of stock and borrow $430. Strategy 3: Buy 60 shares of stock and borrow $480. Strategy 4: Buy 40 shares of stock and borrow $280.(a) For each of strategies 2-4, describe the value of the investor’s portfolio at time 0,and at time T for each possible movement of the stock.(b) For each of strategies 2-4, does the investor have…arrow_forwardNegate the following compound statement using De Morgans's laws.arrow_forward
- Negate the following compound statement using De Morgans's laws.arrow_forwardQuestion 6: Negate the following compound statements, using De Morgan's laws. A) If Alberta was under water entirely then there should be no fossil of mammals.arrow_forwardNegate the following compound statement using De Morgans's laws.arrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman