Behavior of sample mean amount

Assignment Help Basic Statistics

Reference no: EM131817074

Suppose we are interested in the behavior of sample mean amount borrowed by undergraduates for college tuition, for random samples of a certain size.

a. To draw conclusions about the center of the distribution of sample mean, which of these do we need to know (there may be more than one needed): population mean, population standard deviation, population shape, sample size?

b. To draw conclusions about the spread of the distribution of sample mean, which of these do we need to know (there may be more than one needed): population mean, population standard deviation, population shape, sample size?

c. To draw conclusions about the shape of the distribution of sample mean, which of these do we need to know (there may be more than one needed): population mean, population standard deviation, population shape, sample size?

Reference no: EM131817074

Questions Cloud

Sampled teenagers attended religious services : A survey of 3,000 teenagers in 2005 found that 0.80 believed in God, and 0.18 did not attend religious services. Is this evidence that some sampled teenagers

Sample mean or a population mean : The mean price paid for an ounce of gold in 2003 was $350. a. Tell whether 350 is a sample mean or a population mean, and identify it with the proper notation.

What were tamras actual factory overhead costs : What were Tamra's actual factory overhead costs for February 2013

Describe the significance of the selected category : Describe the significance of the selected category across all of the religions studied. Show in what ways the category is significant for each religion.

Behavior of sample mean amount : Suppose we are interested in the behavior of sample mean amount borrowed by undergraduates for college tuition, for random samples of a certain size.

Calculate the theoretical minimum number of operators : Create a balance chart showing each operator and the tasks assigned to each person.Calculate the theoretical minimum number of operators.

Behavior of sample mean age of college undergraduates : Suppose we are interested in the behavior of sample mean age of college undergraduates, for random samples of a certain size.

Calculate the cost of goods manufactured for august : Calculate the cost of goods manufactured for August, Determine the cost of goods sold for August

Compare the centers of the distributions : Consider the distribution of sample mean number when 4 students pick a number at random from 1 to 10, compared to the distribution

User Account

All Pages