How many different samples of two exam grades are possible

Assignment Help Business Economics
Reference no: EM131236856

Let's say you have a professor who gives 6 tests in the fall semester. You received these percentages: 79, 64, 84, 82, 92, and 77. This professor has decided that he will randomly select two grades instead of averaging all of the original scores. Your final grade will be based on the average of these two exams. a) How many different samples of the two exam grades are possible? b) List all possible samples of size two and compute the sum and mean of each. c) Find the mean of the sample means and compare it to the population mean. d) As the student, do you think this is a good arrangement? Explain.

Reference no: EM131236856

Questions Cloud

What is the expected value of five employees you hire : You need to hire some new employees to staff your start-up venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: What is the expected value of five employees you hire?
Buyer is skeptical of the usefullness of product : Soft selling occurs when a buyer is skeptical of the usefullness of a product and the seller offers to set a price that depends on realized value. For example, suppose you're trying to sell a company a new accounting system that will reduce costs by ..
Explain how the relevant product market : Explain how the relevant product market is typically defined for community hospitals. Why? How is the relevant geographical market defined? Why? Please make this answer approximately 400 words.
Which states could have jurisdiction in this case and state : Lenny was a resident of Maine and Milly was a resident of Arizona. Both went on vacation to Nevada. When on the golf course, Lenny drove the golf car recklessly, hit Milly, breaking her back. Milly suffered damages of $84,000.  Indicate which states ..
How many different samples of two exam grades are possible : Let's say you have a professor who gives 6 tests in the fall semester. You received these percentages: 79, 64, 84, 82, 92, and 77. This professor has decided that he will randomly select two grades instead of averaging all of the original scores. Fin..
Regarding the international information technology sector : Use the theories of international trade and investment that have been presented in this chapter to help explain Brazil’s intentions and actions regarding the international information technology sector.
Example of good or service that is intangible : Give an example of a good or service that is “intangible” (not a physical commodity) and is NOT shareable. Explain briefly why it cannot be shared. Give an example of a good or service that is shared in the production of the good or service that you ..
In situation of fixed exchange rate : In a situation of a fixed exchange rate, explain why, in the monetary approach, an excess supply of money leads to a balance-of-payments deficit. Why is the deficit only temporary? How might advocates of the monetary approach explain a long-lasting d..
Implication for country exchange rate in monetary approach : Explain the implication for a country’s exchange rate in the monetary approach and in the portfolio balance approach of (a) an autonomous decline in the demand for money at each interest rate by the country’s citizens, and (b) a change in expectation..

Reviews

Write a Review

Business Economics Questions & Answers

  How many hours of labor should the firm employ

Assume that a firm has the following production function: Q=30K^1/3 L^2/3, where K is the number of machines and L is the number of hours of labor. The firm has 8 machines it purchased at a price of $50 each and it will be unable to obtain any more m..

  Optimal capital labor ratio for this firm to minimize cost

Suppose a firm has the following production technology: one worker is required to operate on one machine (capital). More than one worker on the same machine will have a zero MPL. One worker operating on two more machines will also have zero MPK. In t..

  What will happen to your monthly payment

You are considering buying a new house, and have found that a $200,000, 30-year fixed-rate mortgage is available with an interest rate of 4 percent. This mortgage requires 360 monthly payments of approximately $947 each. If the interest rate rises to..

  When de beers moves from monopoly to competition

The demand for diamonds is given by PZ = 680 - 2QZ where QZ is the number of diamonds demanded if the price is PZ per diamond. The total cost (TCZ) of the De Beers Company (a monopolist) is given by TCZ = 100 + 50QZ + 0.5Q2Z. What is social welfare w..

  Given the irreversible phenomenon of offshoring

Based on our readings of the two papers, given the irreversible phenomenon of offshoring, what should be done by stakeholders to maximize the benefits of offshoring for the majority of the people in both the host and the home countries? Discuss brief..

  Desired capital-user cost and goods market equilibrium

You own a golf course in Florida and you need to determine how many golf carts you need to buy to maximize profits. What is the user cost of capital and what is it expressed in? Now suppose the (local) government with all their financial shortfalls e..

  Bank account to achieve her retirement goal

Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..

  Project that incurs costs in early years and yields benefits

A project that incurs costs in early years and yields benefits in later years has been estimated to have costs just equal to benefits, in present value terms and ignoring risk factors. The project would be reevaluated as having greater benefits than ..

  Important factor leading to rising health care costs

The dominant factor affecting medical care delivery and finance in the 1990s was. What is the most important factor leading to rising health care costs in the United States since 1980? Pharmaceutical companies receive patents as an exclusive right to..

  Report negative free cash flow

Would it be possible for a company to report negative free cash flow and still be highly valued by investors; that is, could a negative free cash flow ever be viewed optimistically by investors? Explain your answer.

  What is the difference between quantity supplied of bonds

What is the difference between quantity supplied of bonds and a supply of bonds? First, use your own words to describe this difference and then illustrate the difference using two separate, properly labeled graphs (keep in mind that each of them will..

  Money plays under the classical macroeconomic model

Explain the role that money plays under the Classical Macroeconomic Model. As a part of your discussion, include the impact the Quantity Theory of Money and Say’s Law have on this model and state in algebraic terms how the money supply relates to pri..

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