Find the probability that sample standard deviation is less

Assignment Help Econometrics
Reference no: EM13182134

In a large city it was found that summer electricity bills for single-family home followed a normal distribution with standard deviation $100. A random sample of 25 bills was taken.

a. Find the probability that the sample standard deviation is less than $75.

b. Find the probability that the sample standard deviation more than $150.

Reference no: EM13182134

Questions Cloud

Prevailing or competing philosophical perspectives at work : "identify 2 prevailing or competing philosophical perspectives at work during the 20th century. Provide an overview of each of the philosophies-where it arose, who created it, and its major tenets.
Describe the large difference in the ease of elimination : Predict the products of their eliminations, and explain the large difference in the ease of elimination.
What is the steady-state value of output per worker : A country has the per-worker production function, y=5k^1/2, where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=..
Herbal or nutrient drug interactions : Have you come across questions or concerns about herbal or nutrient drug interactions? Think of an example of yourself, or someone you know. How were your questions or concerns addressed? Did you find reliable information? Where, in your experience, ..
Find the probability that sample standard deviation is less : In a large city it was found that summer electricity bills for single-family home followed a normal distribution with standard deviation $100. A random sample of 25 bills was taken. a. Find the probability that the sample standard deviation is less..
Animal experimentation-outsourcing and media violence : Select one of the topics below and read both articles that present opposing sides of the argument surrounding that topic. o Animal experimentation o Outsourcing o Media violence Answer the following questions in paragraphs of approximately 100 words ..
If firms collude what is the profit of each firm : Assume a duopoly and let demand be given by P=A-BQ. In addition, let both firms have the same marginal cost c. The interaction between the two firms will be repeated infinitely. Both firms play a grim trigger strategy: they collude and play the co..
State the time required to drain the tank to a level : A spherical water tank of radius R=4m is emptied through a small circular hole of radius r=.02m at the bottom. The top of the tank is open to the atmosphere. The instaneous water level h in the tank can be determined from the solution of the follo..
Official language of spain is castilian : The official language of Spain is Castilian (Castellano), which is the language generally perceived to be "Spanish"; however, there are four other languages that share the status of co-official in the particular region in which they are used

Reviews

Write a Review

Econometrics Questions & Answers

  Economic advantages for the us speaker company boss

Determine the economic advantages or disadvantages, for the United States speaker company Bose, to start a distribution center in the Czech Republic?

  Discuss signs and magnitudes of the estimated coefficients

Discuss the signs and magnitudes of the estimated coefficients and their comparisons to predicted or theoretical signs and magnitudes. What have we learned?

  Computerized regression program

Lenny's, a national restaurant chain, conducted a study of factors affecting demand. The following variables were defined and examined for a random sample of thirty of its restaurants:

  Explain what happens to the coefficient on coll

Explain what happens to the coefficient on coll in terms of its magnitude and its statistical significance when points , rebounds , and assists are added to the regression. Why do you think this happened?

  Find the conditional probabilities

Suppose a random experiment can be represented by 2 sets of events ,Ai and Bj, with each pair of sub events (A1 and A2, and B1, and B2) being mutually exclusive and collectively exhaustive.

  Test the overall significance of the regression

Interpret the coefficient of LOG (AVGINC). Are its sign consistent with your expectations and determinant factors that explain students' performance in fifth-grade tests. We observe a sample of 420 districts in California

  Quality of the research - analyze and discuss the results

Tabulate or graph the results; Analyze and discuss the results, noting any interesting, tures

  Calculate nominal gdp using the expenditure approach

Consider an economy that produces only two goods: fresh apricots and dried apricots. In this economy, the technology of producing dried apricots is to place fresh apricots on special racks and allow them to dry in the sun. Fannie's Farms is the on..

  Post-war recessions in the uk

Post-war Recessions in the UK - Identify the periods of recession in the United Kingdom since 1955, stating clearly the criteria that you are using to define recessions.

  Determine the annual equivalent cash flows

The Solar Energy Company is producing electricity from a solar source by using a large array of solar cells and selling the power to the local utility company. Because these cells degrade over time, thereby resulting in lower conversion efficiency..

  Calculate measurement error using mse and mad

Calculate a 5-year weighted moving average to forecast the number of mergers for 2012. Use weights of 0.10, 0.15, 0.20, 0.25, and 0.30, with the most recent year weighted being the largest. Use regression analysis to forecast the number of mergers..

  Determine the average product of labor ap

Consider the production function f(L;K) = L + K. a. Suppose K is fixed at 2. Find algebraic expressions for the total product of labor function TP(L), the average product of labor AP(L), and the marginal product of labor MP(L).

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