EBK STATISTICAL TECHNIQUES IN BUSINESS
EBK STATISTICAL TECHNIQUES IN BUSINESS
17th Edition
ISBN: 9781259924163
Author: Lind
Publisher: MCGRAW HILL BOOK COMPANY
bartleby

Videos

Question
Book Icon
Chapter 8, Problem 21CE

a.

To determine

Give all the possible samples of size 2.

Find the mean of every sample.

a.

Expert Solution
Check Mark

Answer to Problem 21CE

All possible samples of size 2 are (1,1), (1,2), (1,3), (2,1), (2,2), (2,3), (3,1), (3,2) and (3,3).

The mean of every sample is 1, 1.5, 2, 1.5, 2, 2.5, 2, 2.5 and 3.

Explanation of Solution

The mean is calculated by using the following formula:

Mean=SumofalltheobservationsNumberofobservations

SampleMean
(1,1)1+12=1
(1,2)1+22=1.5
(1,3)1+32=2
(2,1)2+12=1.5
(2,2)2+22=2
(2,3)2+32=2.5
(3,1)3+12=2
(3,2)3+22=2.5
(3,3)3+32=3

Thus, all possible samples of size 2 are (1,1), (1,2), (1,3), (2,1), (2,2), (2,3), (3,1), (3,2) and (3,3).

Thus, the mean of every sample is 1, 1.5, 2, 1.5, 2, 2.5, 2, 2.5 and 3.

b.

To determine

Compute the means of the distribution of the sample mean and the population mean.

Give the comparison of the mean of the distribution of the sample mean with the population mean.

b.

Expert Solution
Check Mark

Answer to Problem 21CE

The means of the distribution of the sample mean and the population mean are 2 and 2.

The mean of the distribution of the sample means is equal to the population mean.

Explanation of Solution

Population mean is calculated as follows:

Mean=Sum of population valuesNumber of values=1+2+33=63=2

Then, the population mean is 2.

The mean of the sample means is calculated as follows:

Mean=SumofallthesamplemeansNumberofsamples=1+1.5+2+1.5+2+2.5+2+2.5+39=189=2

Then, mean of the distribution of the sample mean is 2.

Thus, the means of the distribution of the sample mean and the population mean are 2 and 2.

Comparison:

The mean of the distribution of the sample mean is 2 and the population mean is 2. The two means are exactly same.

Thus, the mean of the distribution of the sample means is equal to the population mean.

c.

To determine

Give the dispersion of the population with that of the sample mean.

c.

Expert Solution
Check Mark

Answer to Problem 21CE

The dispersion in the population is two times greater than that of the sample mean.

Explanation of Solution

The variance of the population is

Variance=(12)2+(22)2+(32)23=1+0+13=23

The variance of the sample means is

Variance=(12)2+(1.52)2+(22)2+(1.52)2+(22)2+(2.52)2+(22)2+(2.52)2+(32)29=1+0.25+0+0.25+0+0.25+0+0.25+19=39=13

Thus, the dispersion in the population is two times greater than that of the sample mean.

d.

To determine

Give the shapes of the two distributions.

d.

Expert Solution
Check Mark

Answer to Problem 21CE

The shape of the population distribution is Uniform.

The shape of the distribution of the sample means is triangular.

Explanation of Solution

The frequency distribution of the population is:

ValuesFrequencyProbability
1113=0.33
2113=0.33
3113=0.33
 N=3 

Software procedure:

Step-by-step procedure to obtain the bar chart using MINITAB:

  • Choose Stat > Graph > Bar chart.
  • Under Bars represent, enter select Values from a table.
  • Under One column of values select Simple.
  • Click on OK.
  • Under Graph variables enter probability and under categorical variable enter Values.
  • Click OK.

Output using MINITAB software is given below:

EBK STATISTICAL TECHNIQUES IN BUSINESS, Chapter 8, Problem 21CE , additional homework tip  1

From the MINITAB output, it can be observed that the shape of the population distribution is uniform.

Thus, the shape of the population distribution is Uniform.

The frequency distribution of the sample means is:

Sample meanFrequencyProbability
1119=0.11
1.5229=0.22
2339=0.33
2.5229=0.22
3119=0.11
 N=9 

Software procedure:

Step-by-step procedure to obtain the bar chart using MINITAB:

  • Choose Stat > Graph > Bar chart.
  • Under Bars represent, enter select Values from a table.
  • Under One column of values select Simple.
  • Click on OK.
  • Under Graph variables enter probability and under categorical variable enter Sample mean.
  • Click OK.

Output using MINITAB software is given below:

EBK STATISTICAL TECHNIQUES IN BUSINESS, Chapter 8, Problem 21CE , additional homework tip  2

From the MINITAB output, it can be observed that the shape of the distribution of the sample means is triangular.

Thus, the shape of the distribution of the sample means is triangular.

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
state without proof the uniqueness theorm of probability function
(a+b) R2L 2+2*0=? Ma state without proof the uniqueness theorm of probability function suppose thatPandQ are probability measures defined on the same probability space (Q, F)and that Fis generated by a π-system if P(A)=Q(A) tax for all A EthenP=Q i. e. P(A)=Q(A) for alla g // معدلة 2:23 ص
6. Show that 1{AU B} = max{1{A}, I{B}} = I{A} + I{B} - I{A} I{B}; I{AB} = min{I{A}, I{B}} = I{A} I{B}; I{A A B} = I{A} + I{B}-21{A} I {B} = (I{A} - I{B})².
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.
Recommended textbooks for you
Text book image
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Text book image
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
How to make Frequency Distribution Table / Tally Marks and Frequency Distribution Table; Author: Reenu Math;https://www.youtube.com/watch?v=i_A6RiE8tLE;License: Standard YouTube License, CC-BY
Frequency distribution table in statistics; Author: Math and Science;https://www.youtube.com/watch?v=T7KYO76DoOE;License: Standard YouTube License, CC-BY
Frequency Distribution Table for Grouped/Continuous data | Math Dot Com; Author: Maths dotcom;https://www.youtube.com/watch?v=ErnccbXQOPY;License: Standard Youtube License