Asset income across individuals has a mean

Assignment Help Basic Statistics
Reference no: EM131634381

Asset income across individuals has a mean (per year) of $500 with standard deviation $400. In a simple random sample of 30 individuals, what is the probability that the total amount of asset income will exceed $18,000?

Reference no: EM131634381

Questions Cloud

Can anyone explain why security would be important : Can anyone explain why security would be important, and exactly how this works within the EU?
Squares must add to the total sums of squares : The between sums of squares and within sums of squares must add to the total sums of squares. Would this be true or false?
Discuss about the real and nominal interest rates : Real and nominal interest rates: Suppose the real return on investing in a machine is 5% and the inflation rate is 4%.
Are the solutions any different regardless of the situation : Some states face religious divisions that threaten national unity; some face ethnic, cultural, and socioeconomic tensions; and some face all these issues.
Asset income across individuals has a mean : In a simple random sample of 30 individuals, what is the probability that the total amount of asset income will exceed $18,000?
What is the nominal return associated with an investment : Earning the nominal return: Suppose the inflation rate is 5%. Suppose the marginal product of capital in a firm is 8% but that in the course of production.
Start each paragraph with the name of the song and artist : Write one paragraph per song on how it relates to any of the chapters or topics as presented during the course (political Science) remember this is for US.
Can the nominal interest rate be negative : Can interest rates be negative? Consider the following two questions.
The main area of interest regarding security tended : Until recently, for both academics and politicians the main area of interest regarding security tended to involve.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Prove that given vectors are affine independent

Prove that these vectors are affine independent if and only if none of them is a convex combination of the other two.

  Estimate of the mean body temperature

A data set includes 109 body temperatures of healthy humans for which x- bar =98.2°F and s= 0.62°F. Complete parts a and b below. A. What is the best point estimate of the mean body temperature of all healthy humans?

  What is the correct decision

1. We are testing Ho: p = 0.5 vs Ha: p

  Propose a sampling strategy for the supervisor

Propose a sampling strategy for the supervisor.- How would you modify that strategy if the company makes both wholesale and retail sales, requiring different bookkeeping procedures?

  What proportion of cans contain less than twelve oz

The fill volume of cans produced by a certain machine is normally distributed with mean 12 oz and standard deviation .03 oz. [4] a. What proportion of cans contain less than 12 oz?

  The high school dropout rate in the state in the state for

the high school dropout rate in the state in the state for the year 2000 was 10.8 one school district who adopted the

  A study of cardiovascular risk factors compared heavy

a study of cardiovascular risk factors compared heavy smokers light smokers and nonsmokers. both men and women were

  Hardness of a piece of ceramic

The hardness of a piece of ceramic is proportional to the ?ring time. Assume that a rating system has been devised to rate the hardness of a ceramic piece and that this measure of hardness is a random variable that is distributed uniformly between..

  Established that the median annual income of families

A financial institution has decided to open an office in a certain commu- nity if it can be established that the median annual income of families in the community is greater than $90,000. To obtain information, a random sample of 80 families was ..

  Explain why a linear model is not appropriate

Explain why a linear model is not appropriate.- Re-express the data to straighten the scatterplot.- Create an appropriate model.

  Self esteem scores of a sample of statistics students

We measure the self esteem scores of a sample of statistics students, reasoning that this course may lower their self esteem relative to that of the typical college student (µ=55 and σ x =11.35) We obtain these scores:

  Effect of changing the confidence level

Use this poll result to give 70%, 80%, 90% and 99% confidence intervals for the proportion of all adults who feel this way. What do your results show about the effect of changing the confidence level? (Use Excel)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd