STATISTICAL TECHNIQUES IN BUS.+ECON.
STATISTICAL TECHNIQUES IN BUS.+ECON.
18th Edition
ISBN: 9781260239478
Author: Lind
Publisher: RENT MCG
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Chapter 8, Problem 3SR

The years of service of the five executives employed by Standard Chemicals are:

Chapter 8, Problem 3SR, The years of service of the five executives employed by Standard Chemicals are: (a) Using the , example  1

  1. (a) Using the combination formula, how many samples of size 2 are possible?
  2. (b) List all possible samples of two executives from the population and compute their means.
  3. (c) Organize the means into a sampling distribution.
  4. (d) Compare the population mean and the mean of the sample means.
  5. (e) Compare the dispersion in the population with that in the distribution of the sample mean.
  6. (f) A chart portraying the population values follows. Is the distribution of population values normally distributed (bell-shaped)?

Chapter 8, Problem 3SR, The years of service of the five executives employed by Standard Chemicals are: (a) Using the , example  2

  1. (g) Is the distribution of the sample mean computed in part (c) starting to show some tendency toward being bell-shaped?
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