Condition of a large sample size

Assignment Help Basic Statistics
Reference no: EM131753370

Assuming the population has an asymmetrical/right skewed shape as the sample with population mean $510,000 and population standard deviation $145,000; calculate the probability that in a random sample of size 10, the mean of the sample will be greater than $700,000. You may assume a random sample was taken and the sample came from a big population. However, be sure to check the central limit theorem condition of a large sample size before completing this problem using one complete sentence. If this condition is not met, you cannot complete the problem.

Reference no: EM131753370

Questions Cloud

Presentations of subject matter : In investigating which of two presentations of subject matter to use in a computerprogrammed course, an experimenter randomly chose two groups.
Future of company law : LAW202 - CORPORATIONS LAW - Discuss the legal basis of the statement and How is this case incorporated in the Corporations Act 2001 (Cth)?
Discuss paid-in capital in excess of par value : Common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and retained earnings $1,200,000
Find the mean number of yearly pro bono hours : Is there any evidence to suggest the mean number of yearly pro bono hours is different at these two law firms? Use a = 0.01.
Condition of a large sample size : If this condition is not met, you cannot complete the problem.
Analyze the ethical issues that can arise in contracting : Analyze the ethical issues that can arise in contracting. Describe the risks and responsibilities in the contractor-customer relationship.
Discuss rendering accounting services to a client : The privilege requires the CPA not to divulge knowledge about the client that was obtained while rendering accounting services to a client
What does the counselor need to know about this case : What does the Counselor need to know about this case? Explain why or howknowing the words/phrase.
What is the expected profit : Start up company she estimates she has probability of 0.25 of a $36,668 loss, probability 0.20, of a $19,498, profit probability 0.15 of a $49,653 profit

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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